475 Washington Avenue Condominium
475 Washington Avenue, Brooklyn, NY 11238
Overview
- Units
- 60 residential
- Subway
- 2 min walk to Clinton-Washington Avs CClinton-Washington Avs G, 6 min
- Principals
- Barry Leon, Jesse Leon
- Average $/sf
- $1,062Homes in Schedule A, as first offered
- Common charges
- $322–$801 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
- Offering price
- $69 million total
- Floor plans
- Pages 238–243 of the plan
The sponsor of record is 475 Wash Owner LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 392 pages. The sponsor has filed 7 amendments, the latest in April 2022. The nearest other condo plan on file is Dewitt Condominium, next door.
Plan CD180051 · Conversion · accepted May 23, 2019 · AG record ↗
Compare
| Figure | This building1 | The Museum House237 units · 0.8 miaccepted 2019 | Symon359 units · 1.4 miaccepted 2019 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.43Lowest | $0.60 | $1.25 |
| Average Offering PricePer Apartment | $1.15MLowest | $1.53M | $1.57M |
| Average PricePer Square Foot | $1,062Lowest | $1,302 | $1,471 |
| Property TaxesPer Square Foot / Month | $0.52Lowest | — | $0.81 |
| Average Unit SizeSquare Feet | 1,087 SFIn line | 1,178 SF | 1,070 SF |
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Unit mix, closings, budgets, finishes and the team, against The Museum House and Symon, 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 closed63% of the homes in Schedule A | 38 of 60 |
| Closing prices vs. Schedule A33 homes: $39,420,042 at closing against $38,425,587 in Schedule A (p. 44, p. 45) | +2.6% |
| Average closing price33 homes, on their Schedule A square feet | $1,161 / SF |
| Closingsfirst and latest recorded | May 7, 2021 – Feb 28, 2024 |
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 38 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4D | May 7, 2021 | $1,160,888 | $1,181,456 p. 45 | −1.7% |
| 4E | May 14, 2021 | $444,327 | $886,382 p. 45 | −49.9% |
| 5F | Jun 25, 2021 | $925,000 | $1,014,760 p. 45 | −8.8% |
| PH4 | Sep 13, 2021 | $1,405,000 | $1,656,521 p. 45 | −15.2% |
| 6H | Nov 3, 2021 | $870,604 | $877,301 p. 45 | −0.8% |
| 2E | Dec 13, 2021 | $1,162,000 | $1,157,967 p. 44 | +0.3% |
| 5I | Dec 22, 2021 | $1,358,500 | $1,298,155 p. 45 | +4.6% |
| PH3 | Dec 23, 2021 | $2,221,000 | $2,108,343 p. 45 | +5.3% |
| 4G | Jan 4, 2022 | $1,202,000 | $1,147,984 p. 45 | +4.7% |
| 6F | Jan 21, 2022 | $1,125,000 | $1,014,760 p. 45 | +10.9% |
| 5G | Mar 9, 2022 | $1,082,500 | $1,159,580 p. 45 | −6.6% |
| 5D | Mar 11, 2022 | $1,253,000 | $1,193,390 p. 45 | +5% |
| 5A | Mar 24, 2022 | $925,000 | $1,009,102 p. 45 | −8.3% |
| 2D | Mar 28, 2022 | $1,301,000 | $1,157,588 p. 44 | +12.4% |
| 6D | May 25, 2022 | $1,200,000 | $1,193,390 p. 45 | +0.6% |
| ST-8 | May 25, 2022 | $1,200,000 | — | — |
| 5H | May 26, 2022 | $876,000 | $864,524 p. 45 | +1.3% |
| 3F | May 31, 2022 | $1,069,163 | $994,465 p. 44 | +7.5% |
| ST-5 | May 31, 2022 | $1,069,163 | — | — |
| 3E | Jun 9, 2022 | $1,187,000 | $1,169,905 p. 44 | +1.5% |
| PH2 | Jun 30, 2022 | $1,871,000 | $1,817,686 p. 45 | +2.9% |
| ST-38 | Jun 30, 2022 | $1,871,000 | — | — |
| 4B | Jul 27, 2022 | $1,389,911 | $1,323,609 p. 44 | +5% |
| 3I | Jul 29, 2022 | $1,350,000 | $1,238,145 p. 44 | +9% |
| 5E | Aug 1, 2022 | $1,229,300 | $1,193,781 p. 45 | +3% |
| 2C | Aug 2, 2022 | $857,756 | $783,929 p. 44 | +9.4% |
| 5B | Aug 10, 2022 | $1,397,638 | $1,336,979 p. 45 | +4.5% |
| 4I | Aug 26, 2022 | $1,325,000 | $1,285,173 p. 45 | +3.1% |
| 5C | Sep 30, 2022 | $921,516 | $808,174 p. 45 | +14% |
| 3C | Oct 3, 2022 | $890,000 | $792,011 p. 44 | +12.4% |
| ST-37 | Oct 3, 2022 | $890,000 | — | — |
| 2F | Oct 4, 2022 | $995,000 | $984,317 p. 44 | +1.1% |
| 2I | Oct 7, 2022 | $1,313,650 | $1,232,583 p. 44 | +6.6% |
| ST-36 | Oct 7, 2022 | $1,313,650 | — | — |
| 3B | Oct 27, 2022 | $1,357,273 | $1,310,239 p. 44 | +3.6% |
| 4C | Nov 29, 2022 | $921,516 | $800,092 p. 44 | +15.2% |
| 6B | Sep 1, 2023 | $1,495,000 | $1,136,432 p. 45 | +31.6% |
| 2B | Feb 28, 2024 | $1,337,500 | $1,296,869 p. 44 | +3.1% |
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
- 475 Wash Owner LLC
- Principals
- Barry Leon, Jesse Leon
- Counsel
- Marans Weisz & Newman LLC
- Construction lender
- G4 Capital Partners$39.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Dewitt Condominiumnext door · 0 units · 7 parking · 2007
- 461 Washington Avenue Condominiumnext door · 4 units · 2015
- 476 Washington Avenue Condominiumnext door · 4 units · 2019
- 226 St. James Place Condominiumnext door · 8 units · 2004
- Washington At Clinton Condominiumnext door · 5 units · 2008
- 65 Gates Avenue Condominiumnext door · 4 units · 2024