THE CONDO BOOK PROJECT

1229 Putnam Avenue Condominium

1229 Putnam Avenue, Brooklyn, NY 11221

Overview

Units
19 residential · 10 parking
Subway
11 min walk to Halsey St JGates Av J Z, 11 min
Offering price
$11.8 million total $11.2 million when first offered

The sponsor of record is 1229 Putnam Avenue LLC, represented by The Law Office Of Jay Lichtman, P.C.. The sponsor has filed 6 amendments, the latest in January 2021. The nearest other condo plan on file is 1228 Putnam Avenue Condominium, next door.

Plan CD170275 · New · accepted Feb 8, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan19 of 19
Closingsfirst and latest recordedJul 30, 2019 – Apr 13, 2021

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 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 19 closings
HomeRecordedClosing priceSchedule ADifference
2EJul 30, 2019$560,000——
3BAug 1, 2019$519,699one deed, 2 homes——
3DAug 5, 2019$524,399one deed, 2 homes——
2CAug 6, 2019$505,000one deed, 2 homes——
5CAug 12, 2019$850,000one deed, 2 homes——
3CAug 15, 2019$499,000——
4CAug 28, 2019$505,000——
3ESep 3, 2019$593,000one deed, 2 homes——
5ANov 12, 2019$620,000one deed, 2 homes——
5BJan 16, 2020$794,235one deed, 2 homes——
4DMar 17, 2020$510,000——
2BApr 20, 2020$495,000——
4BMay 22, 2020$505,000——
4AOct 13, 2020$490,000——
3AOct 14, 2020$529,000one deed, 2 homes——
2DDec 2, 2020$495,000——
1AMar 11, 2021$430,000one deed, 2 homes——
2AMar 23, 2021$460,000——
4EApr 13, 2021$281,892one deed, 2 homes——

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Team

Sponsor
1229 Putnam Avenue LLC
Construction lender
Skw CpLender on the mortgage and building loan agreement recorded April 2017 in ACRIS; $6.14 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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