THE CONDO BOOK PROJECT

252-258 Richardson Street Condominium

252-258 Richardson Street, Brooklyn, NY 11206

Overview

Units
12 residential
Subway
9 min walk to Graham Av LGrand St L, 11 min
Principals
Chaim Dushinsky, Isaac Rabinowitz
Average $/sf
$578Homes in Schedule A, as first offered
Offering price
$6.94 million total

The sponsor of record is Richardson Complex, LLC, represented by N.C. Caller, P.C.. The offering plan runs 286 pages. The sponsor has filed 3 amendments, the latest in March 2005. The nearest other condo plan on file is 77 Kingsland Avenue Condominium, next door.

Plan CD030265 · New · accepted Apr 13, 2004 · AG record ↗

Compare

FigureThis building188 Conselyea28 units · 0.5 miaccepted 2004285 Driggs312 units · 0.5 miaccepted 2006
Common ChargesPer Square Foot / Month$0.16Lowest$0.19$0.27
Average Offering PricePer Apartment$578,333In line$579,063$522,000
Average PricePer Square Foot$578Below peers$632$600
Average Unit SizeSquare Feet1,000 SFLarger916 SF870 SF

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Unit mix, closings, budgets, finishes and the team, against 88 Conselyea and 285 Driggs, 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 closed50% of the homes in Schedule A6 of 12
Closingsfirst and latest recordedApr 18, 2005 – Jan 4, 2006

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3BApr 18, 2005$711,757——
3AMay 12, 2005$711,757——
2BMay 16, 2005$505,986——
2AMay 26, 2005$505,986——
1AJan 3, 2006$661,863——
1BJan 4, 2006$661,863——

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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.

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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
Richardson Complex, LLC
Principals
Chaim Dushinsky, Isaac Rabinowitz
Tax estimate
Carl Caller, Esq.Prepared the first-year real estate tax projection

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

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