285 7th Street Condominium
285 7th Street, Brooklyn, NY 11215
Overview
- Units
- 3 residential
- Subway
- 3 min walk to 4 Av-9 St F G R7 Av F G, 10 min
- Principals
- Rey Grabato
- Average $/sf
- $1,545Homes in Schedule A, as first offered
- Common charges
- $398–$664 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 through June 30, 2022
- Offering price
- $5.79 million total
- Floor plans
- Page 102 of the plan
The sponsor of record is 7th Street Capital 285, LLC, represented by Gabor & Marotta LLC. The offering plan runs 259 pages. The sponsor has filed 1 amendment, the latest in April 2022. The nearest other condo plan on file is Carriage On Sixth Condominium, next door.
Plan CD200308 · Rehab · accepted Apr 12, 2021 · AG record ↗
Compare
| Figure | This building1 | 379 13th24 units · 0.5 miaccepted 2021 | 315 6th33 units · 0.1 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.44In line | $0.62 | $0.41 |
| Average Offering PricePer Apartment | $1.93MIn line | $1.84M | $1.98M |
| Average PricePer Square Foot | $1,545In line | $1,524 | $1,618 |
| Property TaxesPer Square Foot / Month | $0.47Below peers | $1.08 | $0.51 |
| Average Unit SizeSquare Feet | 1,248 SFLarger | 1,208 SF | 1,226 SF |
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Unit mix, closings, budgets, finishes and the team, against 379 13th and 315 6th, 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: $6,096,175 at closing against $5,785,000 in Schedule A (p. 29) | +5.4% |
| Average closing price3 homes, on their Schedule A square feet | $1,628 / SF |
| Closingsfirst and latest recorded | Jul 12, 2022 – Jul 29, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2023: 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 |
|---|---|---|---|---|
| Unit 3 | Jul 12, 2022 | $2,125,000 | $2,195,000 p. 29 | −3.2% |
| Unit 1 | Jul 28, 2022 | $2,291,063 | $2,095,000 p. 29 | +9.4% |
| Unit 2 | Jul 29, 2022 | $1,680,113 | $1,495,000 p. 29 | +12.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 7th Street Capital 285, LLC
- Principals
- Rey Grabato
- Counsel
- Gabor & Marotta LLC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Carriage On Sixth Condominiumnext door · 2 units · 2025
- 266 7th Street Condominiumnext door · 3 units · 2021
- Seventh Street Stables Condominiumnext door · 3 units · 2010
- 292 7th Street Condominiumnext door · 4 units · 2010
- 307 7th Street Condominiumnext door · 8 units · 2006
- 243 8th Street Condominiumsnext door · 8 units · 2001