297 President Street Condominium
297 President Street, Brooklyn, NY 11231
Overview
- Units
- 4 residential
- Subway
- 1 min walk to Carroll St F GBergen St F G, 8 min
- Principals
- Carlos Saavedra
- Offering price
- $9.1 million total $7.9 million when first offered
- Floor plans
- Page 49 of the plan
The sponsor of record is 297 President LLC, Juclin Ii LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 296 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is 334 Union Street Condominium, next door.
Plan CD210199 · New · accepted Jan 28, 2022 · AG record ↗
Compare
| Figure | This building1 | 41 Wyckoff24 units · 0.4 miaccepted 2022 | 257 13th34 units · 1 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.98MBelow peers | $2.05M | $2.13M |
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Unit mix, closings, budgets, finishes and the team, against 41 Wyckoff and 257 13th, 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.
Closings Pro
| Homes closed100% of the homes in the plan | 4 of 4 |
| Closingsfirst and latest recorded | May 26, 2022 – Oct 13, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Jan 31, 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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | May 26, 2022 | $2,291,063 | — | — |
| 3 | Jun 1, 2022 | $1,850,000 | — | — |
| 4 | Sep 1, 2022 | $2,450,000 | — | — |
| 1 | Oct 13, 2022 | $2,036,500 | — | — |
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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
- 297 President LLC, Juclin Ii LLC
- Principals
- Carlos Saavedra
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$3.1 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 334 Union Street Condominiumnext door · 3 units · 2024
- 332 Union Street Condominiumnext door · 3 units · 2007
- 364 Union Street Condominiumnext door · 5 units · 2013
- 361 Union Condominiumnext door · 2 units
- 351 Union Street Condominiumnext door · 2 units · 2019
- 370 Union Street Condominiumnext door · 16 units · 2009