352 Wallabout Street Condominium
352 Wallabout Street, Brooklyn, NY 11206
Overview
352 Wallabout Street is a new eight-story Williamsburg building with 58 three- and four-bedroom condos over retail and a public garage. Its offering plan shows modest finishes, low common charges with no on-site staff, a cleaned-up former industrial site with ongoing controls, and a sponsor that may keep control of the board.
- What it is: a new building of eight stories plus a cellar on what was vacant land. The plan says it was substantially completed in December 2023, with the first closing expected around July 2024.
- Size: 58 apartments on floors 3 to 8. The commercial unit on floors 1 and 2 holds five commercial spaces and four community facility spaces. The cellar garage has 153 spaces.
- Layouts: ten homes per floor on floors 3 to 7 and eight on floor 8. Listed sizes run from about 1,230 to 1,709 sq ft, measured to the outside of exterior walls, so the livable area is noticeably smaller.
- Offering prices: $1.2 million to $1.85 million in the original plan, about $92 million in all, or roughly $1,030 per listed square foot. Prices drop slightly on higher floors, except on floor 8. The plan says prices are negotiable, and amendments may have changed them.
- Common charges: about $440 to $760 a month under the sponsor's first-year projection. Estimated property taxes add roughly $490 to $840 a month.
Compare
| Figure | This building1 | 322 Wallabout238 units · 0.1 miaccepted 2024 | 524 Halsey333 units · 1.5 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.37In line | $0.29 | $0.56 |
| Average Offering PricePer Apartment | $1.59MIn line | $2.21M | $1.38M |
| Average PricePer Square Foot | $1,031In line | $1,080 | $968 |
| Property TaxesPer Square Foot / Month | $0.41Below peers | $0.77 | $0.47 |
| Average Unit SizeSquare Feet | 1,537 SFIn line | 2,047 SF | 1,431 SF |
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See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 322 Wallabout and 524 Halsey, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed24% of the homes in Schedule A | 14 of 58 |
| Closing prices vs. Schedule A11 homes: $15,987,221 at closing against $15,520,000 in Schedule A (p. 40, p. 41, p. 42) | +3% |
| Average closing price11 homes, on their Schedule A square feet | $1,034 / SF |
| Closingsfirst and latest recorded | Dec 5, 2024 – Sep 19, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Aug 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 14 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| G3 | Dec 5, 2024 | $7,642,350 | — | — |
| 6F | Dec 18, 2024 | $1,550,000 | $1,550,000 p. 41 | 0% |
| 7E | Jan 9, 2025 | $1,300,000 | $1,225,000 p. 42 | +6.1% |
| 5B | Jan 23, 2025 | $1,200,000 | $1,250,000 p. 41 | −4% |
| 5E | Jan 30, 2025 | $1,221,900 | $1,250,000 p. 41 | −2.2% |
| 6E | Feb 20, 2025 | $1,344,090 | $1,250,000 p. 41 | +7.5% |
| 3F | Apr 3, 2025 | $1,680,113 | $1,600,000 p. 40 | +5% |
| G5 | Apr 8, 2025 | $7,048,519 | — | — |
| 7A | Apr 30, 2025 | $1,578,288 | $1,525,000 p. 42 | +3.5% |
| 6C | May 1, 2025 | $1,552,831 | $1,510,000 p. 41 | +2.8% |
| 3C | May 5, 2025 | $1,625,000 | $1,560,000 p. 40 | +4.2% |
| 5F | Jun 23, 2025 | $1,635,000 | $1,550,000 p. 41 | +5.5% |
| 6B | Jul 10, 2025 | $1,300,000 | $1,250,000 p. 41 | +4% |
| G1 | Sep 19, 2025 | $5,560,000 | — | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
What It Costs to Run
The sponsor projects a first-year budget of about $445,000 for the whole building (July 2024 to June 2025). The apartments carry about $396,000 of it. The commercial and parking units pay the rest. Here is the apartments' share of the biggest lines:
| Budget line (apartments' share) | Approx. first-year cost |
|---|---|
| Janitorial contract | $193,000 |
| Management fee | $54,000 |
| Common-area electricity | $43,000 |
| Reserve fund | $36,000 |
| Insurance | $24,000 |
| Elevator contract | $18,000 |
Janitorial work is about half the apartments' budget. Heat, hot water and water aren't in the budget at all, because each apartment pays its own. The plan estimates electricity at about $2,500 to $5,200 a year, gas (for cooking, hot water and the dryer) at about $630 to $1,260, and submetered water and sewer at about $1,100 to $1,300. Read more on who pays utilities in an NYC condo.
Property taxes are estimated without any tax break: about $5,900 to $10,000 a year per apartment. With common charges, the plan's monthly total runs about $930 to $1,600 before utilities and any mortgage. See how condo property taxes are estimated.
Good to know: 10% of each common charge payment goes into the reserve fund, so the reserve builds up slowly. At closing you pay two months' common charges as working capital, $3,000 toward the sponsor's costs, the sponsor's $3,200 legal fee, the city and state transfer taxes, and a prorated share of the first year's insurance. See the working capital contribution.
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
The Building
Finishes
The plan's finish list is basic, and the sponsor can swap in "equal or better" items.
Kitchens
Laminated wood cabinets, laminate counters "or better," a stainless steel sink and a tiled floor. The sponsor supplies only a refrigerator and a range. There's wiring for a microwave and dishwasher, but no dishwasher or microwave is included.
Bathrooms
Tubs and toilets from Fine Fixtures, Delta shower trim and tub spout, and a white vanity sink. Floors and walls are tiled.
Floors, Heating and Laundry
- Floors: ¾-inch engineered white oak, with a higher grade in living and dining rooms than in bedrooms.
- Heating and cooling: each apartment has its own electric heat pump split system (VRF) for heat and air conditioning. There's no central boiler heat for the apartments.
- Laundry: every apartment has hookups for a washer and a vented gas dryer, stacked or side by side. You buy the machines.
- Not included: blinds or shades. Bedroom ceilings get a porcelain socket and bulb, not a light fixture.
Compare with NYC condo finishes since 2010.
Amenities, Staffing & Transportation
Shared space is limited:
- Roof terrace: about 4,330 sq ft for residents and guests. It comes unfurnished.
- Bike room: about 669 sq ft in the cellar for up to 38 bikes, first come, first served.
- Lobby and elevators: a residential lobby and four elevators running from the cellar to the roof. There's a refuse room on each residential floor and an audio and video intercom.
Private outdoor space: every apartment has at least one balcony or terrace. The biggest are on 8C and 8G, each with a 986 sq ft terrace, and 3G through 3J, with terraces of about 470 to 500 sq ft.
Parking: the garage belongs to Harrison Realty LLC and is open to the public. The plan makes no promise about who runs it, what it costs or whether spaces will be free. There's no pool, gym or doorman. Compare with amenities by building size.
Staffing and Services
The condo is not expected to have any employees of its own. Work is done by contractors:
- A janitorial service, budgeted as two full-time janitors and one part-time, covering cleaning, the garbage chute, minor repairs and snow removal
- Top Quality Management as managing agent
- Contracts for the elevators, fire alarm, sprinklers and monthly extermination
The plan says the building will pay prevailing wages under a labor agreement with Local 32BJ. There's no doorman or concierge. See where common charges go for context.
Transportation
- Subway: 3 min walk to Flushing Av G; Lorimer St J M, 5 min
- Parking: 1 parking unit in the plan
Fine Print
What's Specific to It
- Only big layouts. There are no studios, one- or two-bedrooms. Every home is a three-bedroom, two-bath or a four-bedroom with two or two and a half baths.
- A cleaned-up site with lasting rules. The land carries city "E" designations for hazardous materials, air quality and noise. Some contamination stays in place under a vapor barrier and cover, and a site management plan applies to all future owners.
- The apartments sit inside a larger condo. The building was already a condo with three units: a commercial unit, a parking unit and one residential "master unit." The plan splits the master unit into the 58 apartments.
- The retail and garage belong to a sponsor affiliate. Harrison Realty LLC, which shares a principal with the sponsor, owns the commercial floors and the garage.
- Part of a five-building project. The sponsor's principal is also building condos at 342, 330 and 322 Wallabout Street and an affordable rental at 15 Gerry Street, all on one zoning lot.
Listings for 352 Wallabout Street show the apartments. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.
Fine Print Worth Knowing
- Environmental controls. The site was rezoned from manufacturing under the Pfizer Sites Rezoning. Leftover gasoline compounds are being treated with chemical injections, and mercury stays sealed under the foundation cover. Three systems vent soil gas from under the slab. Groundwater can't be used, there's no gardening in open areas, the building can't be enlarged, and an engineer inspects it every year. Owners pay for the inspections through common charges, about $950 a year.
- Keep the windows shut for quiet. The noise designation requires a "closed window condition" on the facades facing Flushing Avenue traffic, and air conditioning provides the ventilation.
- Sponsor control. The sponsor names the board for up to five years. After that, the commercial and parking owner elects two of five seats, and the sponsor votes its unsold apartments. The bylaws give one vote per apartment.
- Sponsor veto. For five years, or until unsold units fall below 25%, the board needs the sponsor's approval to change staff, services or insurance, add to the reserve, or borrow.
- The commercial floors. Harrison Realty LLC can use the commercial unit for any legal purpose and subdivide it, and the board can't restrict it. The plan says the future uses aren't known. The finish schedule does list signage for a "shul" (synagogue) lobby.
- No backup power. The architect's report says there's no generator.
- Contract terms. Disputes go to arbitration, with no jury trial. There's no mortgage contingency unless the sponsor agrees. The housing merchant implied warranty doesn't apply, and no smoking or vaping is allowed anywhere on the property.
Team
- Sponsor and selling agent: Wallabout Realty Corp. Its principals are Shimon Dushinsky (co-founder of The Rabsky Group) and Hersh Rosenberg (a member of Galaxy Developers LLC). The plan says the sponsor has no prior offerings or selling experience.
- Owner of the commercial and parking units: Harrison Realty LLC, which shares a principal with the sponsor
- Architect: Fischer + Makooi Architects
- Managing agent: Top Quality Management, which also prepared the budget
- Sponsor's counsel and escrow agent: Jeffrey Zwick & Associates
The plan doesn't name an interior designer. The condo has no independent lawyer of its own.
- Sponsor
- Wallabout Realty Corp.
- Developers
- Galaxy Developers LLC, The Rabsky Group
- Principals
- Hersh Rosenberg, Shimon Dushinsky
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lender
- Bank LeumiLender on the mortgage and building loan agreement recorded March 2022 in ACRIS
Nearby
- 342 Wallabout Street Condominiumnext door · 60 units · 1 parking · 2024
- Wallabout Harrison Condominiumnext door · 32 units · 2001
- 58 Gerry Street Condominiumnext door · 23 units · 2020
- 330 Wallabout Street Condominiumnext door · 48 units · 1 parking · 2024
- 372 Wallabout Street Condominiumnext door · 3 units
- 66 Gerry Street Condominiumnext door · 3 units · 2026
FAQ
How much are common charges at 352 Wallabout Street?
Under the sponsor's first-year projection, about $440 to $760 a month depending on the unit. Estimated property taxes add roughly $490 to $840 a month, and you pay your own electricity, gas and water.
Is 352 Wallabout Street built on a contaminated site?
The site went through a city-supervised cleanup that the plan says was finished in December 2023. Some contamination remains under engineered barriers, so a permanent site management plan, an environmental easement and annual inspections apply.
Does the building have parking?
There's a 153-space attended garage in the cellar, but it's a separate unit owned by Harrison Realty LLC and open to the public. The plan makes no promise about fees or whether spaces will be available.
Where this comes from: the building's offering plan (CD230115), filed with the New York Attorney General and accepted in June 2024, including its Schedule A price list, Schedule B first-year budget, Schedule B-1 utility estimates and architect's report. Prices are the sponsor's original offering prices, not sales, and later amendments may have changed them. Updated October 2026.