385 Jefferson Avenue Condominium
385 Jefferson Avenue, Brooklyn, NY 11221
Overview
- Units
- 3 residential
- Subway
- 7 min walk to Kingston-Throop Avs CNostrand Av A C, 12 min
- Principals
- Nadav Hamo
- Common charges
- $513–$571 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: April 1, 2017
- Offering price
- $3.3 million total $1.78 million when first offered
- Floor plans
- Page 30 of the plan
The sponsor of record is 385 Jefferson Avenue LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 329 pages. The sponsor has filed 2 amendments, the latest in December 2016. The nearest other condo plan on file is 476 Putnam Avenue Condominium, next door.
Plan CD160003 · New · accepted Apr 25, 2016 · AG record ↗
Compare
| Figure | This building1 | 43 Halsey24 units · 0.5 miaccepted 2017 | Ridgewood Place34 units · 1.9 miaccepted 2016 |
|---|---|---|---|
| Average Offering PricePer Apartment | $766,333Below peers | $790,000 | $867,000 |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 43 Halsey and Ridgewood Place, 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 closed100% of the homes in Schedule A | 3 of 3 |
| Closing prices vs. Schedule A3 homes: $3,224,220 at closing against $2,299,000 in Schedule A (p. 29) | +40.2% |
| Closingsfirst and latest recorded | Apr 27, 2017 – Jul 13, 2017 |
Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2023: 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| B | Apr 27, 2017 | $1,130,220 | $700,000 p. 29 | +61.5% |
| C | May 26, 2017 | $1,095,000 | $700,000 p. 29 | +56.4% |
| A | Jul 13, 2017 | $999,000 | $899,000 p. 29 | +11.1% |
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
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
- 385 Jefferson Avenue LLC
- Principals
- Nadav Hamo
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lenders
- The Wheatley Harbor, The Gross Family Holdings$1.35 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 476 Putnam Avenue Condominiumnext door · 4 units · 2017
- 464 Putnam Avenue Condominiumnext door · 4 units · 2017
- 453 Putnam Avenue Condominiumnext door · 3 units · 2017
- 449 Putnam Avenue Condominiumnext door · 4 units · 2017
- 353 Jefferson Avenue Condominiumnext door · 4 units · 2015
- 437 Putnam Avenue Condominiumnext door · 4 units · 2019