THE CONDO BOOK PROJECT

308 Clinton Condominium

308 Clinton Avenue, Brooklyn, NY 11205

Compare

Overview

Units
4 residential
Subway
2 min walk to Clinton-Washington Avs GClinton-Washington Avs C, 8 min
Average $/sf
$524Homes in Schedule A, as first offered
Common charges
$264–$302 a monthSponsor's first-year estimate in Schedule A, July 1, 2004 through June 30, 2005
Offering price
$3.1 million total

The sponsor of record is Geoffroi Flournoy & Meredith Marshall, represented by William M. Dellicato, Esq.. The offering plan runs 163 pages. The sponsor has filed 2 amendments, the latest in August 2004. The nearest other condo plan on file is 313 Clinton Avenue Condominium, next door.

Plan CD040153 · New · accepted Jul 7, 2004 · AG record ↗

Compare

FigureThis building171 Lexington25 units · 0.5 miaccepted 2006Cobble Hill Lofts32 units · 1.2 miaccepted 2006
Common ChargesPer Square Foot / Month$0.19In line$0.33$0.12
Average Offering PricePer Apartment$774,000In line$474,000$1.32M
Average PricePer Square Foot$524In line$501$726
Property TaxesPer Square Foot / Month$0.13Lowest—$0.19
Average Unit SizeSquare Feet1,477 SFIn line946 SF1,824 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 71 Lexington and Cobble Hill Lofts, cited to the offering plans. No credit card required.

Create a free account
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 closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $3,068,369 at closing against $3,096,000 in Schedule A (p. 12)−0.9%
Average closing price4 homes, on their Schedule A square feet$519 / SF
Closingsfirst and latest recordedOct 1, 2004 – Jan 20, 2005

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2020: 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
HomeRecordedClosing priceSchedule ADifference
3Oct 1, 2004$745,486$739,000 p. 12+0.9%
4Oct 18, 2004$722,958$719,000 p. 12+0.6%
1Oct 29, 2004$819,691$799,000 p. 12+2.6%
2Jan 20, 2005$780,234$839,000 p. 12−7%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Geoffroi Flournoy & Meredith Marshall
Tax estimate
The Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

Nearby