THE CONDO BOOK PROJECT

388 Washington Avenue Condominium

388 Washington Avenue, Brooklyn, NY 11238

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Overview

Units
2 residential
Subway
2 min walk to Clinton-Washington Avs GClinton-Washington Avs C, 6 min
Principals
Nikola Duravcevic
Average $/sf
$1,103Homes in Schedule A, as first offered
Common charges
$722–$957 a monthSponsor's first-year estimate in Schedule A, From July 1, 2022 To June 30, 2023
Offering price
$7.67 million total $7.55 million when first offered

The sponsor of record is 388 Amzi Hill LLC, represented by Marcus Attorneys Pllc. The offering plan runs 326 pages. The sponsor has filed 2 amendments, the latest in February 2025. The nearest other condo plan on file is Tukson House Condominium, next door.

Plan CD210122 · Rehab · accepted Mar 22, 2022 · AG record ↗

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FigureThis building1979 Lafayette23 units · 1.8 miaccepted 2022309 Prospect Place34 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.25Lowest$0.42$0.52
Average Offering PricePer Apartment$3.77MHighest$1.2M$1.57M
Average PricePer Square Foot$1,103In line$1,088$1,232
Property TaxesPer Square Foot / Month$0.47Above peers$0.04$0.41
Average Unit SizeSquare Feet3,423 SFLargest1,103 SF1,272 SF

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Unit mix, closings, budgets, finishes and the team, against 979 Lafayette and 309 Prospect Place, 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 Schedule A2 of 2
Closing prices vs. Schedule A2 homes: $7,819,677 at closing against $7,550,000 in Schedule A (p. 35)+3.6%
Average closing price2 homes, on their Schedule A square feet$1,142 / SF
Closingsfirst and latest recordedOct 12, 2022 – May 5, 2025

Sales recorded with the Department of Finance (ACRIS) through May 31, 2025: 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Oct 12, 2022$4,394,677$4,250,000 p. 35+3.4%
1May 5, 2025$3,425,000$3,300,000 p. 35+3.8%

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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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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
388 Amzi Hill LLC
Principals
Nikola Duravcevic
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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