THE CONDO BOOK PROJECT

251 1st Street Condominium

275 4th Avenue, Brooklyn, NY 11215

Overview

Units
44 residential · 44 storage · 1 commercial
Subway
3 min walk to Union St R4 Av-9 St F G R, 8 min
Offering price
$89.5 million total $86 million when first offered

The sponsor of record is 275 Fourth Owner LLC, represented by Marans Weisz & Newman LLC. The sponsor has filed 21 amendments, the latest in February 2020. The nearest other condo plan on file is Six Garfield Condominium, next door.

Plan CD150312 · New · accepted Mar 21, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan44 of 44
Closingsfirst and latest recordedMay 24, 2017 – May 9, 2018

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 44 closings
HomeRecordedClosing priceSchedule ADifference
4FMay 24, 2017$1,438,003——
3AMay 25, 2017$1,537,558——
3CMay 25, 2017$1,320,000——
4BMay 25, 2017$1,330,000——
2EMay 26, 2017$2,000,000——
3DJun 1, 2017$1,350,000——
4CJun 5, 2017$1,359,364——
4AJun 6, 2017$1,690,295——
4DJun 8, 2017$1,389,911——
5CJun 8, 2017$1,355,000——
5BJun 9, 2017$1,362,319——
3EJun 12, 2017$1,289,000——
5AJun 13, 2017$1,603,744——
3BJun 14, 2017$1,315,000——
2FJun 19, 2017$1,750,000——
2DJun 20, 2017$1,924,493——
3FJun 20, 2017$1,420,459——
6EJun 26, 2017$2,087,413——
PH 9BJun 26, 2017$2,416,854——
6DJun 30, 2017$1,795,000——
PH 9AJun 30, 2017$2,600,000——
PH10CJun 30, 2017$3,027,375——
7FJul 5, 2017$2,495,000——
2AJul 7, 2017$1,695,000——
5EJul 7, 2017$1,315,000——
7EJul 11, 2017$2,138,325——
6CJul 13, 2017$1,389,911——
PH 8BJul 14, 2017$1,845,000——
2CJul 17, 2017$1,318,634——
6AJul 20, 2017$1,832,850——
7DJul 21, 2017$1,820,000——
PH 9CJul 26, 2017$1,599,463——
6FAug 2, 2017$1,893,945——
PH 8AAug 23, 2017$3,232,944——
4EOct 4, 2017$1,300,178——
5FOct 4, 2017$1,427,987——
PH 8DOct 4, 2017$2,561,949——
7AOct 10, 2017$2,600,000——
5DNov 8, 2017$1,383,394——
PH10BNov 21, 2017$2,952,925——
PH11ADec 15, 2017$3,232,944——
PH11BMar 8, 2018$2,800,188——
PH 9DMar 29, 2018$2,600,000——
1AMay 9, 2018$1,392,783——

Pro

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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Team

Sponsor
275 Fourth Owner LLC
Construction lender
Bank OZKLender on the mortgage and building loan agreement recorded June 2014 in ACRIS; $27 million recorded

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

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