THE CONDO BOOK PROJECT

297 Wallabout Street Condominium

297 Wallabout Street, Brooklyn, NY 11206

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Overview

Units
8 residential
Subway
3 min walk to Lorimer St J MFlushing Av G, 5 min
Principals
Joel Mittelman
Average $/sf
$1,006Homes in Schedule A, as first offered
Common charges
$225–$507 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 - December 31, 2024
Offering price
$16.3 million total

The sponsor of record is Wallabout 295 Group LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 344 pages. The sponsor has filed 3 amendments, the latest in July 2026. The nearest other condo plan on file is 382 Wallabout Street Condominium, next door.

Plan CD230058 · New · accepted Aug 4, 2023 · AG record ↗

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FigureThis building1Diamond Haus29 units · 1.5 miaccepted 20231346 Pacific37 units · 1.7 miaccepted 2023
Common ChargesPer Square Foot / Month$0.17Lowest$0.28$0.57
Average Offering PricePer Apartment$2.33MAbove peers$2.13M$763,429
Average PricePer Square Foot$1,006In line$1,162$994
Property TaxesPer Square Foot / Month$0.56Lowest$0.86$0.97
Average Unit SizeSquare Feet2,440 SFLargest1,836 SF768 SF

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Unit mix, closings, budgets, finishes and the team, against Diamond Haus and 1346 Pacific, cited to the offering plans. No credit card required.

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How 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.

Closings Pro

Homes closed0% of the homes in Schedule A0 of 8

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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.

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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.

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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
Wallabout 295 Group LLC
Principals
Joel Mittelman
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Golden Bridge$14 million recorded

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

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