THE CONDO BOOK PROJECT

1607 Pacific Street Condominium

1607 Pacific Street, Brooklyn, NY 11213

Overview

Units
8 residential
Subway
7 min walk to Kingston-Throop Avs CUtica Av A C, 9 min
Offering price
$5.56 million total $5.7 million when first offered

The sponsor of record is 1607 Pacific Plaza LLC, represented by Eial Girtz, PC. The offering plan runs 276 pages. The sponsor has filed 5 amendments, the latest in April 2025. The nearest other condo plan on file is 1572 Pacific Street Condominium, next door.

Plan CD230151 · New · accepted Jan 18, 2024 · AG record ↗

Compare

FigureThis building1637 Madison28 units · 0.7 miaccepted 2024Troutman Partners38 units · 1.6 miaccepted 2023
Average Offering PricePer Apartment$712,750Below peers$720,000$740,000

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Unit mix, closings, budgets, finishes and the team, against 637 Madison and Troutman Partners, 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 the plan8 of 8
Closingsfirst and latest recordedJun 13, 2024 – Jul 29, 2025

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 8 closings
HomeRecordedClosing priceSchedule ADifference
2BJun 13, 2024$595,000——
2AJun 27, 2024$605,000——
1BJul 9, 2024$899,000——
3AJul 16, 2024$615,000——
4AOct 28, 2024$825,000——
4BJan 7, 2025$790,000——
3BJan 28, 2025$599,000——
1AJul 29, 2025$490,000——

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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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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
1607 Pacific Plaza LLC
Tax estimate
METROPOLITAN Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
LYZ$2.2 million loan stated in the plan

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

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