THE CONDO BOOK PROJECT

185 Putnam Avenue Condominium

185 Putnam Avenue, Brooklyn, NY 11216

Overview

Units
4 residential
Subway
5 min walk to Franklin Av C SNostrand Av A C, 5 min
Offering price
$4.25 million total $3.99 million when first offered

The sponsor of record is 185 Putnam Realty LLC, represented by Law Office Of Hershy Itzkowitz, Esq. The sponsor has filed 2 amendments, the latest in November 2020. The nearest other condo plan on file is 170 Putnam Avenue Condominium, next door.

Plan CD190191 · Rehab · accepted Nov 15, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedOct 21, 2020 – Feb 17, 2021

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2021: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
4Oct 21, 2020$1,020,000——
1Oct 23, 2020$1,159,787——
3Oct 26, 2020$975,000——
2Feb 17, 2021$945,000——

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
185 Putnam Realty LLC
Construction lender
ConventusLender on the mortgage and building loan agreement recorded December 2019 in ACRIS; $3.36 million recorded

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

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