Innovative Brownstone Development Fund
Named as the company behind the sponsor in 2 New York City condominium offering plans, in the plan's text; each building below cites the page (or, where the plan doesn't name the firm, the web source reporting it). The sponsor, which develops and sells the condominium, is usually a company formed for the one building.
- Buildings
- 2
- Residential units
- 36
- Average $/unit
- $2.17 million
- Years
- 2022–2025
Pro · Advanced analysis
Recent Growth
Innovative Brownstone Development Fund's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
1 building accepted in 2024–2026 (2026 to date), against 1 in 2021–2023: level. 50% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 1 | 28 |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 1 | 8 |
| 2021 | 0 | — |
Latest: Ainsley Condominium, accepted Jan 23, 2025.
Strongest Relationships
The firms named most often on the same buildings as Innovative Brownstone Development Fund, at least 2 in common.
Architects
- Richard Alan Goodstein, R.A.2 shared buildings · 100% of Innovative Brownstone Development Fund's · 2022–2025
Sponsor's counsel
- Tsyngauz & Associates, P.C.2 shared buildings · 100% of Innovative Brownstone Development Fund's · 2022–2025
Property managers
- Brooklyn Elite Property Management LLC d/b/a Jabco Management Group2 shared buildings · 100% of Innovative Brownstone Development Fund's · 2022–2025
Tax consultants
- MGNY Consulting2 shared buildings · 100% of Innovative Brownstone Development Fund's · 2022–2025
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | $/unit |
|---|---|---|---|
| Ainsley Condominium228 13th Street · Brooklyn · new constructionSponsor: 228 13th Street LLC · Principals: Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh · Named on p. 198 ↗ | 2025 | 28 | $1.84 million |
| 590 6th Street Condominium590 6th Street · Brooklyn · rehabSponsor: Ssen1 LLC · Principals: Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh · Named on p. 132 ↗ | 2022 | 8 | $2.49 million |
$/unit is the offering price on the AG record divided by the residential units; the average is across the plans with both. Different spellings of one company's name are counted together.