THE CONDO BOOK PROJECT

Pacific Street Townhouses

319-325 Pacific Street, Brooklyn, NY 11201

Overview

Units
4 residential
Subway
4 min walk to Hoyt-Schermerhorn Sts A C GBergen St F G, 4 min
Offering price
$29.5 million total $42 million when first offered

The sponsor of record is A&P Pacific Owner, LLC, represented by Richard L. Yellen & Associates, LLP. The sponsor has filed 6 amendments, the latest in May 2017. The nearest other condo plan on file is 328 Atlantic Avenue Condominium, next door.

Plan CD150319 · New · accepted Jan 22, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedMay 1, 2017 – Apr 10, 2019

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2024: 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
323May 1, 2017$7,875,000——
321Dec 22, 2017$5,912,437——
319Mar 29, 2018$5,900,000——
325Apr 10, 2019$6,400,000——

Pro

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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Team

Sponsor
A&P Pacific Owner, LLC
Construction lender
Popular BankLender on the mortgage and building loan agreement recorded March 2016 in ACRIS; $14.9 million recorded

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

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