South 3rd Street Condominium
29 South 3rd St, Brooklyn, NY 11211
Overview
- Units
- 23 residential · 29 parking
- Subway
- 13 min walk to Marcy Av J M ZBedford Av L, 13 min
- Principals
- YIDEL HIRSCH
- Average $/sf
- $950Homes in Schedule A, as first offered
- Common charges
- $189–$354 a monthSponsor's first-year estimate in Schedule A, August 1, 2010 - July 31, 2011
- Offering price
- $50.7 million total
The sponsor of record is 291 Kent Properties, LLC, represented by Harold L. Gruber, P.C.. The offering plan runs 52 pages. The sponsor has filed 5 amendments, the latest in April 2012. The nearest other condo plan on file is 50 S 2 Street Condominium, next door.
Plan CD080435 · New · accepted Nov 4, 2008 · AG record ↗
Compare
| Figure | This building1 | 150 North Fifth231 units · 0.4 miaccepted 2007 | 46 South 2nd323 units · 0 miaccepted 2009 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.23Below peers | $0.47 | $0.25 |
| Average Offering PricePer Apartment | $1.03MHighest | $814,548 | $704,652 |
| Average PricePer Square Foot | $950Highest | $718 | $628 |
| Property TaxesPer Square Foot / Month | $0.07In line | $0.10 | $0.04 |
| Average Unit SizeSquare Feet | 1,086 SFSmaller | 1,135 SF | 1,122 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 150 North Fifth and 46 South 2nd, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 24 of 24 |
| Closing prices vs. Schedule A23 homes: $14,499,700 at closing against $23,820,300 in Schedule A (p. 31) | −39.1% |
| Average closing price23 homes, on their Schedule A square feet | $578 / SF |
| Closingsfirst and latest recorded | Sep 20, 2010 – Aug 10, 2012 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 24 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4B | Sep 20, 2010 | $590,585 | $810,350 p. 31 | −27.1% |
| 2B | Oct 15, 2010 | $530,000 | $820,800 p. 31 | −35.4% |
| 3B | Oct 29, 2010 | $535,000 | $820,800 p. 31 | −34.8% |
| 4F | Nov 5, 2010 | $810,000 | $1,071,600 p. 31 | −24.4% |
| 4A | Dec 22, 2010 | $753,505 | $1,054,500 p. 31 | −28.5% |
| 4E | Dec 30, 2010 | $578,000 | $838,850 p. 31 | −31.1% |
| 2A | Jan 5, 2011 | $560,000 | $1,007,000 p. 31 | −44.4% |
| 2E | Jan 11, 2011 | $450,000 | $775,200 p. 31 | −42% |
| 2F | Jan 14, 2011 | $610,000 | $1,034,550 p. 31 | −41% |
| 3C | Jan 14, 2011 | $575,000 | $935,750 p. 31 | −38.6% |
| 3E | Jan 25, 2011 | $532,500 | $775,200 p. 31 | −31.3% |
| 4C | Jan 26, 2011 | $690,000 | $972,800 p. 31 | −29.1% |
| 1F | Jan 27, 2011 | $753,505 | $1,384,150 p. 31 | −45.6% |
| 2C | Feb 4, 2011 | $565,000 | — | — |
| 3F | Feb 4, 2011 | $611,150 | $1,034,550 p. 31 | −40.9% |
| 3A | Mar 3, 2011 | $590,000 | $1,007,000 p. 31 | −41.4% |
| 1A | Mar 14, 2011 | $699,000 | $1,447,800 p. 31 | −51.7% |
| 3D | Apr 11, 2011 | $646,589 | $1,005,100 p. 31 | −35.7% |
| 1D | Apr 13, 2011 | $700,000 | $1,438,300 p. 31 | −51.3% |
| 1E | May 24, 2011 | $717,866 | $1,295,800 p. 31 | −44.6% |
| 2D | May 24, 2011 | $632,000 | $1,005,100 p. 31 | −37.1% |
| 4D | Jun 13, 2011 | $685,000 | $931,000 p. 31 | −26.4% |
| 1C | Jul 31, 2012 | $620,000 | $1,121,950 p. 31 | −44.7% |
| 1B | Aug 10, 2012 | $630,000 | $1,232,150 p. 31 | −48.9% |
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
- 291 Kent Properties, LLC
- Principals
- YIDEL HIRSCH
- Counsel
- Harold L. Gruber, P.C.
- 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
- 50 S 2 Street Condominiumnext door · 12 units · 6 parking
- 46 South 2nd Street Condominiumnext door · 23 units · 12 parking · 2009
- 56-60 South 3rd Street Condominiumnext door · 0 units · 2013
- Esquire Building Condominiumnext door · 73 units · 2001
- 78 South 3rd Street Condominiumnext door · 3 units · 2015
- 346 Kent Avenue Condominiumnext door · 160 units · 2024