THE CONDO BOOK PROJECT

280 Metropolitan Avenue Condominium

280 Metropolitan Avenue, Brooklyn, NY 11211

Overview

Units
28 residential · 14 parking · 11 storage · 1 commercial
Subway
5 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 7 min
Offering price
$42.5 million total $35.2 million when first offered

The sponsor of record is 280 Metropolitan Partners LLC, represented by Hirschen Singer & Epstein LLP. The sponsor has filed 17 amendments, the latest in March 2018. The nearest other condo plan on file is 661 Driggs Avenue Condominium, next door.

Plan CD140254 · New · accepted Apr 20, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan28 of 28
Closingsfirst and latest recordedJun 16, 2016 – Feb 10, 2017

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 29 closings
HomeRecordedClosing priceSchedule ADifference
5CJun 16, 2016$1,687,704——
2AJun 27, 2016$832,374one deed, 2 homes——
2CJun 27, 2016$1,932,084——
2DJun 27, 2016$2,235,059one deed, 2 homes——
2FJun 28, 2016$567,629——
3CJun 28, 2016$1,646,974one deed, 2 homes——
3DJun 29, 2016$1,051,298——
4DJun 30, 2016$1,127,666one deed, 2 homes——
2EJul 6, 2016$587,994——
PHCJul 7, 2016$2,013,544one deed, 2 homes——
3BJul 8, 2016$997,885——
4AJul 8, 2016$832,374——
4BJul 8, 2016$964,746——
5AJul 12, 2016$893,514——
3EJul 13, 2016$832,374——
5FJul 13, 2016$623,633——
4FJul 14, 2016$893,469——
5EJul 14, 2016$628,724——
3AJul 15, 2016$812,009——
PHAJul 22, 2016$832,088one deed, 2 homes——
4CJul 27, 2016$1,508,390one deed, 2 homes——
PHDJul 27, 2016$3,255,809one deed, 3 homes——
3FAug 3, 2016$954,564——
4EAug 25, 2016$924,016——
5BAug 25, 2016$1,005,329——
PHBAug 30, 2016$881,937——
2BSep 1, 2016$1,073,190——
RET1Sep 22, 2016$8,392,688——
5DFeb 10, 2017$1,950,000one deed, 2 homes——

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
280 Metropolitan Partners LLC
Construction lender
Can IV DriggsLender on the mortgage and building loan agreement recorded December 2014 in ACRIS; $29.6 million recorded

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

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