THE CONDO BOOK PROJECT

Phoenix Roze

280 Atlantic Avenue, Brooklyn, NY 11201

Compare

Overview

Units
4 residential · 1 commercial
Subway
3 min walk to Bergen St F GJay St-MetroTech A C F R, 5 min
Developer
Class One Construction, Ltd
Average $/sf
$1,200Homes in Schedule A, as first offered
Common charges
$656–$906 a monthSponsor's first-year estimate in Schedule A, August 1, 2020 To July 31, 2021
Offering price
$8.32 million total $8.28 million when first offered

The sponsor of record is Wrb 280 Atlantic Ave., LLC, represented by Rothkrug Rothkrug & Spector, LLP. The offering plan runs 356 pages. The sponsor has filed 2 amendments, the latest in September 2021. The nearest other condo plan on file is 285 Pacific Street Condominium, next door.

Plan CD180360 · New · accepted Jul 30, 2020 · AG record ↗

Compare

FigureThis building1270 12th24 units · 1.5 miaccepted 2020327 20th34 units · 2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.69Highest$0.41$0.32
Average Offering PricePer Apartment$1.31MIn line$1.14M$1.76M
Average PricePer Square Foot$1,200In line$1,162$1,256
Property TaxesPer Square Foot / Month$0.86In line$0.82$1.13
Average Unit SizeSquare Feet1,089 SFIn line979 SF1,398 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 270 12th and 327 20th, 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 closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $5,350,000 at closing against $5,225,000 in Schedule A (p. 45)+2.4%
Average closing price4 homes, on their Schedule A square feet$1,228 / SF
Closingsfirst and latest recordedMay 26, 2022 – Nov 29, 2022

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
4May 26, 2022$1,365,000$1,350,000 p. 45+1.1%
2Jun 8, 2022$1,490,000$1,425,000 p. 45+4.6%
5Jun 10, 2022$1,085,000$1,100,000 p. 45−1.4%
3Nov 29, 2022$1,410,000$1,350,000 p. 45+4.4%

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
Wrb 280 Atlantic Ave., LLC
Developer
Class One Construction, Ltd
Tax estimate
Rothkrug & RothkrugPrepared the first-year real estate tax projection

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

Nearby