283 President Street Condominium
283 President Street, Brooklyn, NY 11231
Overview
- Units
- 3 residential
- Subway
- 1 min walk to Carroll St F GBergen St F G, 8 min
- Principals
- Carlos Saavedra
- Average $/sf
- $2,172Homes in Schedule A, as first offered
- Offering price
- $8.92 million total $8.54 million when first offered
- Floor plans
- Pages 222–224 of the plan
The sponsor of record is 283 President LLC, Agrelo LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 299 pages. The sponsor has filed 2 amendments, the latest in February 2024. The nearest other condo plan on file is 277 President Street Condominium, next door.
Plan CD220271 · Rehab · accepted Jun 9, 2023 · AG record ↗
Compare
| Figure | This building1 | 124 Wyckoff23 units · 0.4 miaccepted 2023 | 415 Degraw36 units · 0.3 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.54In line | $0.70 | $0.34 |
| Average Offering PricePer Apartment | $2.97MIn line | $2.46M | $3.44M |
| Average PricePer Square Foot | $2,172In line | $2,020 | $2,207 |
| Average Unit SizeSquare Feet | 1,369 SFIn line | 1,220 SF | 1,559 SF |
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Unit mix, closings, budgets, finishes and the team, against 124 Wyckoff and 415 Degraw, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 3 of 3 |
| Closing prices vs. Schedule A3 homes: $8,646,519 at closing against $8,920,000 in Schedule A (p. 48) | −3.1% |
| Average closing price3 homes, on their Schedule A square feet | $2,105 / SF |
| Closingsfirst and latest recorded | Sep 21, 2023 – Dec 21, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Mar 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1 | Sep 21, 2023 | $4,363,706 | $4,395,000 p. 48 | −0.7% |
| 3 | Dec 1, 2023 | $2,522,813 | $2,575,000 p. 48 | −2% |
| 2 | Dec 21, 2023 | $1,760,000 | $1,950,000 p. 48 | −9.7% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 283 President LLC, Agrelo LLC
- Principals
- Carlos Saavedra
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$3.6 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 277 President Street Condominiumnext door · 5 units · 2008
- 321 Union Street Condominiumnext door · 8 units · 2006
- 332 Union Street Condominiumnext door · 3 units · 2007
- 339 Union Street Condominiumnext door · 4 units · 2011
- 334 Union Street Condominiumnext door · 3 units · 2024
- 341 Union Street Condominiumnext door · 4 units · 2019