150 North Fifth Street Condominium
150 North Fifth Street, Brooklyn, NY 11217
Overview
- Units
- 31 residential
- Subway
- 3 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 9 min
- Principals
- Marianne Hovivian, Toros Hovivian
- Average $/sf
- $718Homes in Schedule A, as first offered
- Common charges
- $297–$1,027 a monthSponsor's first-year estimate in Schedule A, January 1, 2008 to December 31, 2008
- Offering price
- $25.3 million total
- Floor plans
- Page 252 of the plan
The sponsor of record is The Rialto @ North Fifth LLC, represented by Seiden & Schein, P.C.. The offering plan runs 357 pages. The sponsor has filed 1 amendment, the latest in May 2008. The nearest other condo plan on file is N4 Condominiums, next door.
Plan CD070252 · New · accepted Sep 19, 2007 · AG record ↗
Compare
| Figure | This building1 | Lot 58 Lofts231 units · 2 miaccepted 2007 | The Absolute335 units · 1.5 miaccepted 2007 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.47Highest | $0.38 | $0.36 |
| Average Offering PricePer Apartment | $814,548Above peers | $761,938 | $556,514 |
| Average PricePer Square Foot | $718Highest | $589 | $560 |
| Property TaxesPer Square Foot / Month | $0.10In line | $0.19 | $0.03 |
| Average Unit SizeSquare Feet | 1,135 SFIn line | 1,294 SF | 995 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against Lot 58 Lofts and The Absolute, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 31 of 31 |
| Closing prices vs. Schedule A31 homes: $30,228,557 at closing against $25,251,000 in Schedule A (p. 22, p. 23) | +19.7% |
| Average closing price31 homes, on their Schedule A square feet | $859 / SF |
| Closingsfirst and latest recorded | Apr 24, 2009 – Sep 30, 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 31 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2A | Apr 24, 2009 | $882,984 | $855,000 p. 22 | +3.3% |
| 1A | May 1, 2009 | $661,863 | $650,000 p. 22 | +1.8% |
| 2J | May 1, 2009 | $650,000 | $760,000 p. 23 | −14.5% |
| 2D | May 22, 2009 | $712,775 | $750,000 p. 22 | −5% |
| 3A | Jun 23, 2009 | $1,130,000 | $1,100,000 p. 22 | +2.7% |
| 1K | Jul 8, 2009 | $702,593 | $625,000 p. 23 | +12.4% |
| 1F | Jul 21, 2009 | $714,812 | $610,000 p. 23 | +17.2% |
| 2E | Jul 30, 2009 | $750,000 | $799,000 p. 22 | −6.1% |
| 1I | Jul 31, 2009 | $672,045 | $610,000 p. 23 | +10.2% |
| 2I | Aug 7, 2009 | $656,771 | $625,000 p. 23 | +5.1% |
| 3F | Aug 20, 2009 | $814,600 | $850,000 p. 23 | −4.2% |
| 2K | Sep 15, 2009 | $799,326 | $855,000 p. 23 | −6.5% |
| 2C | Oct 2, 2009 | $773,870 | $829,000 p. 22 | −6.7% |
| 3E | Oct 14, 2009 | $840,000 | $835,000 p. 22 | +0.6% |
| 3H | Oct 19, 2009 | $610,950 | $685,000 p. 23 | −10.8% |
| 1G | Nov 5, 2009 | $750,000 | $670,000 p. 23 | +11.9% |
| 1E | Nov 25, 2009 | $692,410 | $725,000 p. 22 | −4.5% |
| 4G | Jan 4, 2010 | $1,265,000 | $1,600,000 p. 23 | −20.9% |
| 4A | Jan 12, 2010 | $1,163,500 | $1,200,000 p. 22 | −3% |
| 3I | Jan 15, 2010 | $916,425 | $920,000 p. 23 | −0.4% |
| 3G | Feb 12, 2010 | $555,000 | $625,000 p. 23 | −11.2% |
| 2H | Feb 25, 2010 | $595,000 | $675,000 p. 23 | −11.9% |
| 1H | Mar 9, 2010 | $809,509 | $730,000 p. 23 | +10.9% |
| 3D | Mar 16, 2010 | $722,958 | $755,000 p. 22 | −4.2% |
| 2G | May 24, 2010 | $804,418 | $855,000 p. 23 | −5.9% |
| 1B | Jun 30, 2010 | $741,750 | $699,000 p. 22 | +6.1% |
| 3J | Sep 17, 2021 | $2,450,000 | $1,050,000 p. 23 | +133.3% |
| 1D | Jan 4, 2022 | $1,300,000 | $625,000 p. 22 | +108% |
| 4B | Feb 22, 2022 | $2,700,000 | $1,150,000 p. 22 | +134.8% |
| 1C | Aug 25, 2022 | $1,200,000 | $535,000 p. 22 | +124.3% |
| 3K | Sep 30, 2022 | $2,190,000 | $999,000 p. 23 | +119.2% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- The Rialto @ North Fifth LLC
- Principals
- Marianne Hovivian, Toros Hovivian
- Counsel
- Seiden & Schein, P.C.
- Tax estimate
- Metropolitan Valuation Services, Inc.Prepared the first-year real estate tax projection
- Construction lender
- North Fork Bank$11 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- N4 Condominiumsnext door · 37 units · 17 parking · 2007
- 170 North Fifth Condonext door · 18 units · 2007
- 174 North 6th Street Condominiumnext door · 6 units · 2024
- 131 North 5 Street Condominiumnext door · 6 units · 2019
- 123n4 Condominiumnext door · 3 units
- Jardin0.1 mi · 44 units · 2006