THE CONDO BOOK PROJECT

171 South Portland Avenue Condominium

171 South Portland Avenue, Brooklyn, NY 11217

Overview

Units
9 residential · 9 storage
Subway
3 min walk to Lafayette Av CFulton St G, 4 min
Offering price
$17.9 million total $20.9 million when first offered

The sponsor of record is Fort Greene Homes LLC, represented by D'Agostino, Levine, Landesman & Lederman LLP. The sponsor has filed 17 amendments, the latest in April 2019. The nearest other condo plan on file is 164 South Oxford Street Condominium, next door.

Plan CD150231 · New · accepted Jan 11, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan9 of 9
Closingsfirst and latest recordedDec 12, 2017 – Apr 29, 2019

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: 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 9 closings
HomeRecordedClosing priceSchedule ADifference
2ADec 12, 2017$1,819,452——
1BDec 14, 2017$1,499,000——
2BDec 15, 2017$1,937,730——
4BDec 18, 2017$2,503,000——
3AJan 5, 2018$1,718,806——
3BFeb 20, 2018$1,718,806——
4AMar 2, 2018$2,150,000——
1CMay 7, 2018$1,999,000——
1AApr 29, 2019$1,734,080——

Pro

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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
Fort Greene Homes LLC
Construction lender
First Niagara BankLender on the mortgage and building loan agreement recorded October 2015 in ACRIS; $15.3 million recorded

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

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