THE CONDO BOOK PROJECT

Graham Condominium

320 Washington Avenue, Brooklyn, NY 11205

Overview

Units
25 residential · 12 parking
Subway
2 min walk to Clinton-Washington Avs GClasson Av G, 8 min
Principals
Geoffroi Flournoy, Meredith Marshall
Average $/sf
$361Homes in Schedule A, as first offered
Common charges
$200–$307 a monthSponsor's first-year estimate in Schedule A, January 1, 2002 through December 31, 2002
Offering price
$10.7 million total

The sponsor of record is Brownstone Realty Partners Ii LLC, represented by William M. Dellicato, Esq.. The offering plan runs 173 pages. The sponsor has filed 1 amendment, the latest in March 2002. The nearest other condo plan on file is 292 Dekalb Avenue Condominium, next door.

Plan CD010129 · New · accepted Nov 9, 2001 · AG record ↗

Compare

FigureThis building1Carroll Gardens226 units · 1.5 miaccepted 2001Crown-Bergen316 units · 1.2 miaccepted 2001
Common ChargesPer Square Foot / Month$0.22Lowest$0.35$0.45
Average Offering PricePer Apartment$419,200In line$571,577$180,997
Average PricePer Square Foot$361In line$489$358
Property TaxesPer Square Foot / Month$0.09Highest$0.05$0.03
Average Unit SizeSquare Feet1,162 SFIn line1,169 SF505 SF

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Unit mix, closings, budgets, finishes and the team, against Carroll Gardens and Crown-Bergen, 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 closed80% of the homes in Schedule A20 of 25
Closing prices vs. Schedule A20 homes: $15,441,245 at closing against $8,065,000 in Schedule A (p. 11, p. 12)+91.5%
Average closing price20 homes, on their Schedule A square feet$682 / SF
Closingsfirst and latest recordedDec 30, 2002 – Jul 7, 2022

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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 20 closings
HomeRecordedClosing priceSchedule ADifference
3ADec 30, 2002$446,160$460,000 p. 11−3%
1ADec 31, 2002$415,740$365,000 p. 11+13.9%
4EJan 3, 2003$395,460$400,000 p. 11−1.1%
1CAug 23, 2004$685,585$400,000 p. 11+71.4%
4DJun 6, 2005$760,000$425,000 p. 11+78.8%
2ENov 29, 2005$595,000$390,000 p. 11+52.6%
3EFeb 6, 2006$650,000$390,000 p. 11+66.7%
3DJul 25, 2006$754,000$420,000 p. 11+79.5%
5EJan 10, 2007$680,000$410,000 p. 12+65.9%
3BJun 6, 2007$675,000$390,000 p. 11+73.1%
4AJul 9, 2007$820,000$470,000 p. 11+74.5%
5BJan 15, 2009$660,000$400,000 p. 11+65%
5DSep 15, 2010$690,000$435,000 p. 12+58.6%
1DMay 18, 2011$715,000$345,000 p. 11+107.2%
1EFeb 23, 2012$660,000$325,000 p. 11+103.1%
2BJun 30, 2014$995,000$390,000 p. 11+155.1%
1BAug 26, 2014$642,050$350,000 p. 11+83.4%
2DJul 14, 2016$953,250$420,000 p. 11+127%
2CAug 17, 2021$1,899,000$485,000 p. 11+291.5%
4BJul 7, 2022$1,350,000$395,000 p. 11+241.8%

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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
Brownstone Realty Partners Ii LLC
Principals
Geoffroi Flournoy, Meredith Marshall
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

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