1000 Union Street Condominium

1000 Union Street, Brooklyn, NY 11225

Overview

Units: 20 residential · 12 parking
Subway: 2 min walk to Franklin Av-Medgar Evers College/Botanic Garden 2 3 4 5 SEastern Pkwy-Brooklyn Museum 2 3, 7 min
Developer: HML Developments
Principals: Thomas Lieberman
Average $/sf: $1,202Homes in Schedule A, as first offered
Common charges: $250–$581 a monthSponsor's first-year estimate in Schedule A, July 1, 2020- June 30, 2021
Offering price: $26 million total $26 million when first offered
Floor plans: Page 22 of the plan

The sponsor of record is 1000 Union LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 356 pages. The sponsor has filed 3 amendments, the latest in June 2022. The nearest other condo plan on file is 1015 President Street Condominium, next door.

Plan CD190233 · New · accepted Jan 30, 2020 · AG record ↗

Compare

Figure	This building¹	552 Prospect Place²22 units · 0.4 miaccepted 2020	719 6th³12 units · 1.8 miaccepted 2019
Common ChargesPer Square Foot / Month	$0.39Below peers	$0.40	$0.44
Average Offering PricePer Apartment	$1.3MIn line	$1.26M	$1.48M
Average PricePer Square Foot	$1,202Below peers	$1,344	$1,222
Property TaxesPer Square Foot / Month	$0.97In line	$1.01	$0.83
Average Unit SizeSquare Feet	1,080 SFIn line	937 SF	1,214 SF

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Unit mix, closings, budgets, finishes and the team, against 552 Prospect Place and 719 6th, cited to the offering plans. No credit card required.

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How We Got This

Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A	20 of 20
Closing prices vs. Schedule A20 homes: $25,356,031 at closing against $25,977,000 in Schedule A (p. 32)	−2.4%
Average closing price20 homes, on their Schedule A square feet	$1,173 / SF
Closingsfirst and latest recorded	Jun 28, 2021 – Aug 1, 2022

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 20 closings

Home	Recorded	Closing price	Schedule A	Difference
4C	Jun 28, 2021	$1,119,000	$1,119,000 p. 32	0%
5C	Jun 28, 2021	$1,159,787	$1,139,000 p. 32	+1.8%
2C	Jul 6, 2021	$775,000	$775,000 p. 32	0%
3A	Jul 8, 2021	$1,160,000	$1,160,000 p. 32	0%
5B	Jul 21, 2021	$1,600,000	$1,619,000 p. 32	−1.2%
5A	Jul 23, 2021	$1,145,000	$1,219,000 p. 32	−6.1%
6B	Jul 29, 2021	$1,605,000	$1,639,000 p. 32	−2.1%
6A	Aug 4, 2021	$1,264,000	$1,239,000 p. 32	+2%
2B	Aug 9, 2021	$735,000	$810,000 p. 32	−9.3%
6C	Aug 9, 2021	$1,184,000	$1,159,000 p. 32	+2.2%
3B	Aug 10, 2021	$1,475,000	$1,575,000 p. 32	−6.3%
4B	Aug 10, 2021	$1,525,000	$1,589,000 p. 32	−4%
3C	Aug 13, 2021	$1,100,000	$1,100,000 p. 32	0%
2D	Aug 23, 2021	$1,150,000	$1,150,000 p. 32	0%
4A	Sep 9, 2021	$1,229,000	$1,179,000 p. 32	+4.2%
7B	Sep 13, 2021	$1,809,000	$1,759,000 p. 32	+2.8%
1A	Oct 5, 2021	$1,130,000	$1,369,000 p. 32	−17.5%
7A	Oct 6, 2021	$1,750,000	$1,749,000 p. 32	+0.1%
2A	Nov 22, 2021	$1,166,244	$1,150,000 p. 32	+1.4%
1B	Aug 1, 2022	$1,275,000	$1,479,000 p. 32	−13.8%