THE CONDO BOOK PROJECT

476 Putnam Avenue Condominium

476 Putnam Avenue, Brooklyn, NY 11238

Overview

Units
4 residential
Subway
8 min walk to Kingston-Throop Avs CNostrand Av A C, 13 min
Offering price
$4.3 million total $4.25 million when first offered

The sponsor of record is 476 Putnam Project LLC, represented by Marcus Attorneys. The sponsor has filed 5 amendments, the latest in August 2021. The nearest other condo plan on file is 464 Putnam Avenue Condominium, next door.

Plan CD170037 · Rehab · accepted May 25, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedSep 17, 2021 – Sep 30, 2021

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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Sep 17, 2021$900,000——
4Sep 24, 2021$1,080,000——
1Sep 27, 2021$1,165,000——
3Sep 30, 2021$998,903——

Pro

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Team

Sponsor
476 Putnam Project LLC
Construction lender
Sm FinanceLender on the mortgage and building loan agreement recorded April 2015 in ACRIS

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

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