THE CONDO BOOK PROJECT

Williamsberry Condominium

338 Berry Street, 79 South 5th Street, Brooklyn, NY 11249

Overview

Units
60 residential · 6 storage
Subway
9 min walk to Marcy Av J M ZBedford Av L, 13 min
Developer
Golden Lioness Corp.
Principals
Benjamin Berger, Mona Gora, Samuel Friedman, Stuart Polinsky
Offering price
$91 million total $80.2 million when first offered

The sponsor of record is Berry Street Development Corporation, represented by Hirschen Singer & Epstein LLP. The offering plan runs 392 pages. The sponsor has filed 30 amendments, the latest in August 2021. The nearest other condo plan on file is Berry Collective, next door.

Plan CD140319 · Rehab · accepted Mar 26, 2015 · AG record ↗

Compare

FigureThis building1Bedford Gardens236 units · 4.1 miaccepted 2015Crown 12385 units · 3.1 miaccepted 2018
Average Offering PricePer Apartment$1.34MHighest$684,844$891,095

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Unit mix, closings, budgets, finishes and the team, against Bedford Gardens and Crown 12, 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 closed100% of the homes in the plan60 of 60
Closingsfirst and latest recordedAug 30, 2016 – Jun 1, 2023

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 60 closings
HomeRecordedClosing priceSchedule ADifference
3BAug 30, 2016$1,285,000——
2HSep 6, 2016$980,020——
5BSep 12, 2016$944,381——
2JSep 13, 2016$1,391,450——
2ESep 15, 2016$1,015,659——
3CSep 15, 2016$1,400,000——
3JSep 15, 2016$1,784,438——
501Sep 15, 2016$1,321,134——
2BSep 16, 2016$1,225,000——
3HSep 16, 2016$978,851——
401Sep 20, 2016$1,173,488——
4ESep 21, 2016$1,148,031——
601Sep 26, 2016$1,500,000——
5FSep 29, 2016$2,520,000——
3FSep 30, 2016$664,363——
2CNov 9, 2016$1,282,943——
1CNov 29, 2016$799,000——
7EJan 10, 2017$1,377,138——
1BJan 27, 2017$599,000——
101Feb 28, 2017$557,047——
301Feb 28, 2017$1,032,638——
4DApr 7, 2017$1,682,613——
2AApr 24, 2017$1,316,043——
4AApr 25, 2017$1,385,000——
5EApr 25, 2017$990,203——
2DApr 26, 2017$1,682,613——
6BMay 4, 2017$968,760——
3AMay 10, 2017$1,382,229——
4BJun 2, 2017$1,295,000——
4FJun 9, 2017$653,386——
5AJun 15, 2017$1,995,000——
4CJun 21, 2017$1,450,000——
5DJun 26, 2017$1,613,260——
1AJul 10, 2017$1,015,659——
6AJul 26, 2017$2,054,274——
6EJul 27, 2017$1,097,119——
3EAug 1, 2017$904,650——
3GAug 1, 2017$598,062——
5CSep 20, 2017$1,560,000——
1DSep 28, 2017$714,002——
SHNOct 3, 2017$3,250,000——
2FNov 1, 2017$650,000——
4HNov 30, 2017$891,474——
4GDec 20, 2017$630,390——
6DDec 20, 2017$1,622,108——
201Dec 20, 2017$964,838——
2GJan 9, 2018$538,795——
1EFeb 9, 2018$2,695,000——
7BMar 7, 2018$989,000——
6CApr 16, 2018$1,585,000——
7AMay 25, 2018$2,033,909——
4JSep 12, 2018$1,529,875——
5JOct 22, 2018$1,626,609——
7FApr 19, 2019$2,475,000——
SHSMay 13, 2019$3,790,390——
7JSep 4, 2019$1,650,000——
6FSep 12, 2019$2,498,000——
6JOct 28, 2021$1,695,000——
PHNov 29, 2021$4,250,000——
3DJun 1, 2023$1,700,000——

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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
Berry Street Development Corporation
Developer
Golden Lioness Corp.
Principals
Benjamin Berger, Mona Gora, Samuel Friedman, Stuart Polinsky
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Santander Bank$25.5 million recorded

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

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