THE CONDO BOOK PROJECT

28 Herbert Street Condominium

28 Herbert Street, Brooklyn, NY 11222

Overview

Units
16 residential · 8 parking · 1 commercial
Subway
8 min walk to Graham Av LNassau Av G, 11 min
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Average $/sf
$1,662Homes in Schedule A, as first offered
Common charges
$263–$1,281 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 – June 30, 2026
Offering price
$41.7 million total $42.4 million when first offered

The sponsor of record is 28 Herbert Street Dev LLC, represented by Jlc & Associates. The offering plan runs 414 pages. The sponsor has filed 4 amendments, the latest in August 2026. The nearest other condo plan on file is 179 Richardson Villa Condominium, next door.

Plan CD240050 · New · accepted Sep 3, 2024 · AG record ↗

Compare

FigureThis building1Bedford Condos210 units · 1.8 miaccepted 2024177 Greenpoint38 units · 0.9 miaccepted 2024
Common ChargesPer Square Foot / Month$0.48In line$0.70$0.45
Average Offering PricePer Apartment$2.09MAbove peers$1.36M$1.88M
Average PricePer Square Foot$1,662In line$1,584$1,754
Property TaxesPer Square Foot / Month$1.02Lowest$1.30$1.34
Average Unit SizeSquare Feet1,257 SFLargest862 SF1,072 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Bedford Condos and 177 Greenpoint, cited to the offering plans. No credit card required.

Create a free account
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 closed88% of the homes in Schedule A14 of 16
Closing prices vs. Schedule A14 homes: $27,470,206 at closing against $28,695,000 in Schedule A (p. 41)−4.3%
Average closing price14 homes, on their Schedule A square feet$1,560 / SF
Closingsfirst and latest recordedJul 30, 2025 – Aug 12, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 14 closings
HomeRecordedClosing priceSchedule ADifference
2CJul 30, 2025$1,500,000$1,575,000 p. 41−4.8%
2BJul 31, 2025$775,000$775,000 p. 410%
2AAug 1, 2025$1,575,000$1,375,000 p. 41+14.5%
2EAug 4, 2025$1,225,000$1,225,000 p. 410%
PHBAug 5, 2025$3,100,000$3,950,000 p. 41−21.5%
3CAug 12, 2025$1,995,000$1,975,000 p. 41+1%
2DSep 16, 2025$1,043,706$1,095,000 p. 41−4.7%
3ASep 30, 2025$2,295,000$2,350,000 p. 41−2.3%
4ANov 20, 2025$2,380,000$2,250,000 p. 41+5.8%
4CNov 21, 2025$1,950,000$2,050,000 p. 41−4.9%
4BApr 14, 2026$2,645,000$2,600,000 p. 41+1.7%
5BMay 29, 2026$2,650,000$2,750,000 p. 41−3.6%
5CJul 1, 2026$2,137,500$2,175,000 p. 41−1.7%
3BAug 12, 2026$2,199,000$2,550,000 p. 41−13.8%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
28 Herbert Street Dev LLC
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Tax estimate
Highpoint Incentive, Inc.Prepared the first-year real estate tax projection
Construction lender
28 Herbert Capital

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

Nearby