THE CONDO BOOK PROJECT

259 Rutland Condominium

259 Rutland Road, Brooklyn, NY 11225

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Overview

Units
10 residential · 6 parking
Subway
5 min walk to Winthrop St 2 5Sterling St 2 5, 7 min
Average $/sf
$1,132Homes in Schedule A, as first offered
Common charges
$285–$674 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$8.87 million total

The sponsor of record is Es Rutland Group LLC, represented by Eial Girtz, PC. The offering plan runs 291 pages. The sponsor has filed 2 amendments, the latest in October 2025. The nearest other condo plan on file is Alcove Residences, next door.

Plan CD240237 · Rehab · accepted Feb 5, 2025 · AG record ↗

Compare

FigureThis building1131 Madison28 units · 1.7 miaccepted 2025371 Hawthorne38 units · 0.2 miaccepted 2026
Common ChargesPer Square Foot / Month$0.54In line$0.69$0.49
Average Offering PricePer Apartment$848,290Highest$676,000$722,500
Average PricePer Square Foot$1,132Above peers$1,097$978
Property TaxesPer Square Foot / Month$0.37In line$0.32$0.58
Average Unit SizeSquare Feet750 SFLarger616 SF739 SF

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Unit mix, closings, budgets, finishes and the team, against 131 Madison and 371 Hawthorne, 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 A10 of 10
Closing prices vs. Schedule A10 homes: $8,644,900 at closing against $8,482,900 in Schedule A (p. 39)+1.9%
Average closing price10 homes, on their Schedule A square feet$1,153 / SF
Closingsfirst and latest recordedSep 29, 2025 – Dec 30, 2025

Sales recorded with the Department of Finance (ACRIS) through Apr 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 10 closings
HomeRecordedClosing priceSchedule ADifference
4BSep 29, 2025$945,000$945,000 p. 390%
5ASep 30, 2025$1,150,000$1,150,000 p. 390%
2COct 3, 2025$897,600$897,600 p. 390%
3AOct 9, 2025$594,000$594,000 p. 390%
3BOct 9, 2025$642,300$597,300 p. 39+7.5%
4AOct 9, 2025$1,250,000$1,225,000 p. 39+2%
2BOct 17, 2025$625,000$575,000 p. 39+8.7%
3COct 23, 2025$935,000$935,000 p. 390%
5BNov 20, 2025$1,051,000$999,000 p. 39+5.2%
2ADec 30, 2025$555,000$565,000 p. 39−1.8%

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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
Es Rutland Group LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Colorado Federal Savings Bank$3.85 million loan stated in the plan

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

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