948 Myrtle Avenue Condominium (Capstone Condominiums)
940 Myrtle Ave,256 Throop Ave,205 Vernon Ave, Brooklyn, NY 11206
Overview
Capstone Condominiums is a 77-unit condo in Brooklyn, with 24 parking units and 1 commercial unit.
- Offering plan: Accepted June 2020 · 457 pages · floor plans on page 28
- Finishes: 8'4" ceilings, wood floors, quartz kitchen countertops, Whirlpool appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $600 a square foot on average, as first offered; $83.7 million in all
- Developer: Cornell Realty Management; principals Yitzchok Schwartz
- Sponsor: Cornell Myrtle LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 6-minute walk to Myrtle-Willoughby Avs (G); 10 minutes to Flushing Av (J, M)
- Amendments: 3, the latest in February 2022
- Units
- 77 residential · 24 parking · 1 commercial
- Subway
- 6 min walk to Myrtle-Willoughby Avs GFlushing Av J M, 10 min
- Developer
- Cornell Realty Management
- Principals
- Yitzchok Schwartz
- Average $/sf
- $600Homes in Schedule A, as first offered
- Offering price
- $83.7 million total
- Floor plans
- Page 28 of the plan
- SubmittedMarch 2021
- AcceptedJune 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
48 of 78homes sold (62%)
From city records (ACRIS), through Jul 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- Cornell Myrtle LLC
- Developer
- Cornell Realty ManagementReported by commercialobserver.com
- Principals
- Yitzchok Schwartz
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular BankLender on the mortgage and building loan agreement recorded December 2019 in ACRIS
- General contractors
- Ys Developers, TNG Contruction of NY, Aview BuildersHeld the general construction permit on DOB job 320984208
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning districts
- R7D, R6AThe lot is split between two districts, the largest share first
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 257 Throop Avenue Condominiumnext door · 4 units · 2020
- 682 Willoughby Avenue Condominium0.1 mi · 7 units · 2019
- 156 Tompkins Avenue Condominium0.2 mi · 8 units · 2024
- Pulaski Gardens Condominium0.2 mi · 7 units · 2025
- 187 Pulaski Street Condominium0.2 mi · 4 units · 2026
- Willart Condominium0.2 mi · 20 units · 2020
Free in ChatGPT or Claude
Ask Claude or ChatGPT about Capstone Condominiums
The fastest way to know any condo or co-op
Get Connected →