1555 51st Street Condominium
1555 51st Street, Brooklyn, NY 11219
Overview
- Units
- 4 residential
- Subway
- 12 min walk to 55 St D50 St D, 12 min
- Developer
- SPA Management Group
- Principals
- Shulem Schik
- Average $/sf
- $1,352Homes in Schedule A, as first offered
- Common charges
- $243–$404 a monthSponsor's first-year estimate in Schedule A, 7/1/2026 - 6/30/2027
- Offering price
- $8.17 million total
- Floor plans
- Pages 152–154 of the plan
The sponsor of record is 1555 51 LLC, represented by Law Office Of Hershy Itzkowitz, P.C.. The offering plan runs 306 pages. The sponsor has filed 1 amendment, the latest in April 2026. The nearest other condo plan on file is 1548 50th Street Condominium, next door.
Plan CD250318 · New · accepted Mar 17, 2026 · AG record ↗
Compare
| Figure | This building1 | 1119 42nd28 units · 0.8 miaccepted 2026 | 1513 51st34 units · 0.1 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.22Below peers | $0.49 | $0.25 |
| Average Offering PricePer Apartment | $2.04MHighest | $1.62M | $1.26M |
| Average PricePer Square Foot | $1,352Above peers | $1,294 | $932 |
| Property TaxesPer Square Foot / Month | $0.03Lowest | $1.08 | $1.03 |
| Average Unit SizeSquare Feet | 1,510 SFLarger | 1,254 SF | 1,354 SF |
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Unit mix, closings, budgets, finishes and the team, against 1119 42nd and 1513 51st, cited to the offering plans. No credit card required.
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- 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 closed75% of the homes in Schedule A | 3 of 4 |
| Closing prices vs. Schedule A3 homes: $4,496,500 at closing against $6,825,000 in Schedule A (p. 34) | −34.1% |
| Average closing price3 homes, on their Schedule A square feet | $974 / SF |
| Closingsfirst and latest recorded | Dec 2, 2025 – Dec 31, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Jan 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.
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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
- 1555 51 LLC
- Developer
- SPA Management Group
- Principals
- Shulem Schik
- Tax estimate
- RE Tax Service, LLCPrepared the first-year real estate tax projection
- Construction lender
- Broadview Capital$3.63 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1548 50th Street Condominiumnext door · 4 units
- 1551 52nd Street Condominiumnext door · 3 units · 2004
- 1549 52nd Street Condominiumnext door · 3 units · 2004
- 1547 52nd Street Condominiumnext door · 3 units · 2004
- 1513 51st Street Condominiumnext door · 4 units · 2025
- Balforenext door · 10 units · 2008