450 Grand Avenue Condominium
450 Grand Avenue, Brooklyn, NY 11238
Overview
- Units
- 39 residential · 19 storage · 6 commercial
- Subway
- 3 min walk to Clinton-Washington Avs CFranklin Av C S, 7 min
- Principals
- Chana Leah Balkany
- Average $/sf
- $1,319Homes in Schedule A, as first offered
- Common charges
- $536–$1,266 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
- Offering price
- $48.8 million total
- Floor plans
- Page 53 of the plan
The sponsor of record is 450 Grand Avenue Owner LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 420 pages. The sponsor has filed 6 amendments, the latest in December 2025. The nearest other condo plan on file is 102 Downing Street Condominium, next door.
Plan CD220192 · New · accepted May 4, 2023 · AG record ↗
Compare
| Figure | This building1 | Diana240 units · 1 miaccepted 2022 | The Butler Collection334 units · 1 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.93Highest | $0.76 | $0.46 |
| Average Offering PricePer Apartment | $1.15MIn line | $864,425 | $1.65M |
| Average PricePer Square Foot | $1,319In line | $1,303 | $1,333 |
| Property TaxesPer Square Foot / Month | $1.46Highest | $0.08 | $0.86 |
| Average Unit SizeSquare Feet | 869 SFIn line | 663 SF | 1,236 SF |
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Unit mix, closings, budgets, finishes and the team, against Diana and The Butler Collection, cited to the offering plans. No credit card required.
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- 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 | 39 of 39 |
| Closing prices vs. Schedule A39 homes: $45,760,354 at closing against $44,720,000 in Schedule A (p. 50, p. 51) | +2.3% |
| Average closing price39 homes, on their Schedule A square feet | $1,350 / SF |
| Closingsfirst and latest recorded | Jan 23, 2024 – Jul 27, 2026 |
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 39 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3G | Jan 23, 2024 | $777,026 | $750,000 p. 50 | +3.6% |
| 4E | Jan 24, 2024 | $1,345,150 | $1,345,000 p. 50 | +0% |
| 3D | Jan 25, 2024 | $740,000 | $730,000 p. 50 | +1.4% |
| 4D | Jan 29, 2024 | $740,000 | $740,000 p. 50 | 0% |
| 3E | Feb 1, 2024 | $1,290,000 | $1,335,000 p. 50 | −3.4% |
| 3B | Feb 15, 2024 | $720,000 | $740,000 p. 50 | −2.7% |
| 4G | Feb 15, 2024 | $760,000 | $760,000 p. 50 | 0% |
| 4B | Feb 21, 2024 | $770,000 | $750,000 p. 50 | +2.7% |
| 2H | Feb 22, 2024 | $780,000 | $760,000 p. 50 | +2.6% |
| 2B | Feb 26, 2024 | $795,000 | $795,000 p. 50 | 0% |
| 7C | Feb 27, 2024 | $1,790,000 | $1,775,000 p. 51 | +0.8% |
| 3H | Mar 5, 2024 | $788,000 | $770,000 p. 50 | +2.3% |
| 4F | Mar 7, 2024 | $770,000 | $740,000 p. 50 | +4.1% |
| 7D | Mar 7, 2024 | $1,578,288 | $1,550,000 p. 51 | +1.8% |
| 3C | Mar 11, 2024 | $1,415,000 | $1,415,000 p. 50 | 0% |
| 5F | Mar 25, 2024 | $1,300,000 | $1,300,000 p. 50 | 0% |
| 2F | Apr 4, 2024 | $750,000 | $720,000 p. 50 | +4.2% |
| 2E | Apr 9, 2024 | $1,384,820 | $1,325,000 p. 50 | +4.5% |
| 4H | Apr 10, 2024 | $845,520 | $780,000 p. 50 | +8.4% |
| 5B | Apr 11, 2024 | $826,950 | $770,000 p. 50 | +7.4% |
| 3F | Apr 15, 2024 | $755,000 | $730,000 p. 50 | +3.4% |
| 5D | Apr 16, 2024 | $785,000 | $775,000 p. 50 | +1.3% |
| 6A | Apr 17, 2024 | $1,810,000 | $1,665,000 p. 50 | +8.7% |
| 5E | Apr 19, 2024 | $1,332,000 | $1,365,000 p. 50 | −2.4% |
| 5A | May 28, 2024 | $1,345,000 | $1,345,000 p. 50 | 0% |
| 2D | May 30, 2024 | $763,800 | $720,000 p. 50 | +6.1% |
| 2G | May 30, 2024 | $795,600 | $740,000 p. 50 | +7.5% |
| 3A | Jul 5, 2024 | $1,355,000 | $1,315,000 p. 50 | +3% |
| 2A | Jul 23, 2024 | $1,395,000 | $1,395,000 p. 50 | 0% |
| 2C | Jul 31, 2024 | $1,550,000 | $1,500,000 p. 50 | +3.3% |
| 7A | Aug 12, 2024 | $1,825,000 | $1,695,000 p. 51 | +7.7% |
| 6C | Oct 15, 2024 | $1,875,000 | $1,695,000 p. 51 | +10.6% |
| 4C | Jan 23, 2025 | $1,399,000 | $1,425,000 p. 50 | −1.8% |
| 7B | Mar 13, 2025 | $1,629,200 | $1,475,000 p. 51 | +10.5% |
| 6B | Aug 14, 2025 | $1,425,000 | $1,425,000 p. 50 | 0% |
| 6D | Nov 10, 2025 | $1,435,000 | $1,475,000 p. 51 | −2.7% |
| 5C | Feb 24, 2026 | $1,460,000 | $1,450,000 p. 50 | +0.7% |
| 4A | Jun 26, 2026 | $1,300,000 | $1,325,000 p. 50 | −1.9% |
| 5G | Jul 27, 2026 | $1,360,000 | $1,355,000 p. 50 | +0.4% |
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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.
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
- 450 Grand Avenue Owner LLC
- Principals
- Chana Leah Balkany
- Tax estimate
- Korngold Powers LLPPrepared the first-year real estate tax projection
- Construction lenders
- 450 Grand Ave 1, 450 Grand Capital$27 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 102 Downing Street Condominiumnext door · 6 units
- 132 Cambridge Place Condominiumnext door · 4 units · 2017
- 940 Fulton Street Condominiumnext door · 10 units · 2011
- 472-474 Grand Avenue Condominiumsnext door · 8 units · 2018
- 936 Fulton Street Condominiumnext door · 11 units · 2007
- 19 Lefferts Place Condominiumnext door · 4 units · 2011