248 Palmetto Street Condominium
248 Palmetto Street, Brooklyn, NY 11221
Overview
- Units
- 3 residential
- Subway
- 7 min walk to Myrtle-Wyckoff Avs L MKnickerbocker Av M, 7 min
- Developer
- Home Buyers Inc.
- Principals
- David Ettedgui, Farhad Bokhour, Zohar Zauber
- Average $/sf
- $1,216Homes in Schedule A, as first offered
- Offering price
- $4.12 million total
- Floor plans
- Page 32 of the plan
The sponsor of record is One Palmetto LLC, represented by Jeffrey Zwick & Associates, PC. The offering plan runs 358 pages. The nearest other condo plan on file is 1390 Putnam Avenue Condominium, 0.2 mi away.
Plan CD230277 · Rehab · accepted Feb 16, 2024 · AG record ↗
Compare
| Figure | This building1 | 1242 Hancock23 units · 0.3 miaccepted 2024 | 1484 Dekalb36 units · 0.6 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.45Below peers | $0.50 | $0.73 |
| Average Offering PricePer Apartment | $1.37MHighest | $1.15M | $849,000 |
| Average PricePer Square Foot | $1,216In line | $1,187 | $1,310 |
| Average Unit SizeSquare Feet | 1,130 SFLargest | 969 SF | 648 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 1242 Hancock and 1484 Dekalb, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 3 of 3 |
| Closing prices vs. Schedule A3 homes: $3,340,319 at closing against $4,123,000 in Schedule A (p. 31) | −19% |
| Average closing price3 homes, on their Schedule A square feet | $985 / SF |
| Closingsfirst and latest recorded | Oct 10, 2024 – Jan 28, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Oct 10, 2024 | $966,319 | $1,249,000 p. 31 | −22.6% |
| 1 | Jan 16, 2025 | $1,199,000 | $1,525,000 p. 31 | −21.4% |
| 3 | Jan 28, 2025 | $1,175,000 | $1,349,000 p. 31 | −12.9% |
Pro
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
- One Palmetto LLC
- Developer
- Home Buyers Inc.
- Principals
- David Ettedgui, Farhad Bokhour, Zohar Zauber
- Tax estimate
- Empire Consulting Service, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1390 Putnam Avenue Condominium0.2 mi · 8 units · 2019
- R & Y Cornelia Condominium0.2 mi · 10 units · 2021
- 435 Central Avenue Condominium0.2 mi · 17 units · 9 parking · 2018
- 318 Cornelia Street Condominium0.2 mi · 2 units · 2023
- 1110 Madison Street Condominium0.3 mi · 10 units · 2020
- 1257 Jefferson Avenue Condominium0.3 mi · 8 units · 2018