THE CONDO BOOK PROJECT

Saffayeh Construction 🔗

Named as the company behind the sponsor in 5 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
5
Residential units
48
Average $/unit
$2.61 million
Years
2022–2025
ManhattanBrooklynQueensBronxStaten Island Ainsley Condominium, 228 13th Street118 Remsen Street Condominium, 118 Remsen Street205 14th Street Condominium, 205 14th Street186 16th Street Condominium, 186 16th Street590 6th Street Condominium, 590 6th Street

Pro · Advanced analysis

Recent Growth

Saffayeh Construction's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

3 buildings accepted in 2024–2026 (2026 to date), against 2 in 2021–2023: up 50%. 60% of all 5 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
2025128
202429
202313
202218
20210—

Latest: Ainsley Condominium, accepted Jan 23, 2025.

Strongest Relationships

The firms named most often on the same buildings as Saffayeh Construction, at least 2 in common.

Architects

Sponsor's counsel

Property managers

Tax consultants

  • MGNY Consulting5 shared buildings · 100% of Saffayeh Construction's · 2022–2025

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnits$/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 ↗202528$1.84 million
118 Remsen Street Condominium118 Remsen Street · Brooklyn · rehabSponsor: Bk Heights Remsen Fund L.P. · Named on p. 143 ↗20244$3.95 million
205 14th Street Condominium205 14th Street · Brooklyn · rehabSponsor: 205 14th Street LLC · Principals: Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh · Named on p. 156 ↗20245$2.39 million
186 16th Street Condominium186 16th Street · Brooklyn · new constructionSponsor: Svfg16 LLC · Principals: Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev · Named on p. 138 ↗20233$2.4 million
590 6th Street Condominium590 6th Street · Brooklyn · rehabSponsor: Ssen1 LLC · Principals: Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh · Named on p. 132 ↗20228$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.