25 Bartlett Condominium
25 Bartlett Street, Brooklyn, NY 11206
Overview
- Units
- 18 residential · 1 commercial
- Subway
- 4 min walk to Flushing Av GLorimer St J M, 5 min
- Principals
- Abraham Brach
- Average $/sf
- $728Homes in Schedule A, as first offered
- Common charges
- $208–$607 a monthSponsor's first-year estimate in Schedule A, July 1, 2020 - June 30, 2021
- Offering price
- $31.2 million total $30 million when first offered
- Floor plans
- Page 28 of the plan
The sponsor of record is 58 Gerry St LLC, represented by Law Office Of Jay Lichtman, P.C.. The offering plan runs 426 pages. The sponsor has filed 3 amendments, the latest in May 2021. The nearest other condo plan on file is 58 Gerry Street Condominium, next door.
Plan CD190239 · New · accepted May 18, 2020 · AG record ↗
Compare
| Figure | This building1 | 16 Bartlett210 units · 0 miaccepted 2020 | Willart320 units · 0.5 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.26Lowest | $0.31 | $0.61 |
| Average Offering PricePer Apartment | $1.48MAbove peers | $1.46M | $795,500 |
| Average PricePer Square Foot | $728Below peers | $820 | $1,003 |
| Property TaxesPer Square Foot / Month | $0.89In line | $0.02 | $0.99 |
| Average Unit SizeSquare Feet | 2,030 SFLargest | 1,572 SF | 793 SF |
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Unit mix, closings, budgets, finishes and the team, against 16 Bartlett and Willart, cited to the offering plans. No credit card required.
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- 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 | 19 of 19 |
| Closing prices vs. Schedule A19 homes: $32,498,031 at closing against $28,079,970 in Schedule A (p. 43) | +15.7% |
| Average closing price19 homes, on their Schedule A square feet | $843 / SF |
| Closingsfirst and latest recorded | Oct 27, 2020 – Aug 24, 2022 |
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 19 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2C | Oct 27, 2020 | $1,369,241 | $1,569,750 p. 43 | −12.8% |
| 3C | Nov 3, 2020 | $1,353,763 | $1,569,750 p. 43 | −13.8% |
| 3B | Nov 13, 2020 | $1,289,257 | $1,486,500 p. 43 | −13.3% |
| 4C | Nov 17, 2020 | $1,396,785 | $1,569,750 p. 43 | −11% |
| 3A | Nov 30, 2020 | $1,466,280 | $1,440,000 p. 43 | +1.8% |
| 2A | Dec 2, 2020 | $1,298,269 | $1,440,000 p. 43 | −9.8% |
| 7A | Dec 16, 2020 | $1,048,796 | $1,058,250 p. 43 | −0.9% |
| 4A | Dec 28, 2020 | $997,885 | $1,440,000 p. 43 | −30.7% |
| 2B | Dec 30, 2020 | $1,323,725 | $1,486,500 p. 43 | −11% |
| 5B | Jan 6, 2021 | $990,000 | $1,486,500 p. 43 | −33.4% |
| 4B | Feb 16, 2021 | $990,000 | $1,486,500 p. 43 | −33.4% |
| 7B | Apr 21, 2021 | $1,272,813 | $1,351,500 p. 43 | −5.8% |
| 7C | Apr 27, 2021 | $990,000 | $1,064,250 p. 43 | −7% |
| 5A | Jun 2, 2021 | $995,000 | $1,440,000 p. 43 | −30.9% |
| 6B | Sep 13, 2021 | $990,000 | $1,486,500 p. 43 | −33.4% |
| C1 | Sep 20, 2021 | $10,500,000 | $2,124,720 p. 43 | +394.2% |
| 6A | Apr 14, 2022 | $999,000 | $1,440,000 p. 43 | −30.6% |
| 5C | May 6, 2022 | $1,598,016 | $1,569,750 p. 43 | +1.8% |
| 6C | Aug 24, 2022 | $1,629,200 | $1,569,750 p. 43 | +3.8% |
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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
- 58 Gerry St LLC
- Principals
- Abraham Brach
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- 58 Gerry Street 1
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 58 Gerry Street Condominiumnext door · 23 units · 2020
- 16 Bartlett Street Condominiumnext door · 10 units · 2020
- 66 Gerry Street Condominiumnext door · 3 units · 2026
- 60 Gerry Street Condominiumnext door · 3 units · 2026
- 30 Bartlett Street Condominiumnext door · 6 units · 2025
- 77 Gerry Street Condominiumnext door · 4 units · 2025