THE CONDO BOOK PROJECT

Bleecker Street Gardens Condominium

23 Bleecker Street, Brooklyn, NY 11221

Overview

Units
20 residential · 10 parking
Subway
6 min walk to Gates Av J ZKosciuszko St J, 7 min
Principals
John A. Russo
Average $/sf
$1,208Homes in Schedule A, as first offered
Common charges
$499–$799 a monthSponsor's first-year estimate in Schedule A, September 1, 2023
Offering price
$16.4 million total

The sponsor of record is Bleeker Street Gardens LLC, represented by Abrams Fensterman, LLP. The offering plan runs 308 pages. The sponsor has filed 1 amendment, the latest in December 2023. The nearest other condo plan on file is Bleecker Street Gardens Condominium, next door.

Plan CD230015 · Rehab · accepted Sep 22, 2023 · AG record ↗

Compare

FigureThis building130 Bushwick222 units · 1.7 miaccepted 2024904 Bedford318 units · 1.7 miaccepted 2023
Common ChargesPer Square Foot / Month$0.90Highest$0.55$0.36
Average Offering PricePer Apartment$818,650Below peers$1.25M$866,602
Average PricePer Square Foot$1,208In line$1,484$889
Property TaxesPer Square Foot / Month$1.14In line$1.20$0.05
Average Unit SizeSquare Feet678 SFSmallest844 SF975 SF

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Unit mix, closings, budgets, finishes and the team, against 30 Bushwick and 904 Bedford, 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 Schedule A20 of 20
Closing prices vs. Schedule A20 homes: $13,235,186 at closing against $16,373,000 in Schedule A (p. 31)−19.2%
Average closing price20 homes, on their Schedule A square feet$976 / SF
Closingsfirst and latest recordedApr 1, 2024 – Nov 21, 2025

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 20 closings
HomeRecordedClosing priceSchedule ADifference
5AApr 1, 2024$870,000$1,075,000 p. 31−19.1%
5CApr 1, 2024$870,000$1,075,000 p. 31−19.1%
4CMay 6, 2024$627,000$790,000 p. 31−20.6%
3AMay 8, 2024$600,000$775,000 p. 31−22.6%
3DMay 8, 2024$663,725$840,000 p. 31−21%
2BMay 10, 2024$615,023$765,000 p. 31−19.6%
4BMay 21, 2024$654,000$820,000 p. 31−20.2%
3BMay 28, 2024$634,000$800,000 p. 31−20.8%
4AMay 28, 2024$657,000$790,000 p. 31−16.8%
5BMay 29, 2024$690,000$865,000 p. 31−20.2%
4DJun 17, 2024$710,000$860,000 p. 31−17.4%
4EAug 26, 2024$706,388$860,000 p. 31−17.9%
3ESep 13, 2024$667,250$840,000 p. 31−20.6%
3CSep 19, 2024$611,325$775,000 p. 31−21.1%
2AOct 1, 2024$595,000$738,000 p. 31−19.4%
2CNov 7, 2024$599,975$735,000 p. 31−18.4%
1AMar 18, 2025$655,000$735,000 p. 31−10.9%
2DApr 30, 2025$687,500$800,000 p. 31−14.1%
2EMay 7, 2025$612,000$800,000 p. 31−23.5%
1BNov 21, 2025$510,000$635,000 p. 31−19.7%

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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
Bleeker Street Gardens LLC
Principals
John A. Russo
Tax estimate
Marcus & Pollak, LLPPrepared the first-year real estate tax projection
Construction lender
Emerald Creek Capital$6.2 million loan stated in the plan

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

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