THE CONDO BOOK PROJECT

477 Sackett Street Condominium

477 Sackett Street, Brooklyn, NY 11231

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Overview

Units
2 residential
Subway
7 min walk to Carroll St F GUnion St R, 9 min
Principals
Mark Rechler, Josh Egendorf, Kenneth Hudes
Average $/sf
$2,214Homes in Schedule A, as first offered
Common charges
$633 a monthSponsor's first-year estimate in Schedule A, September 1, 2026
Offering price
$9.1 million total

The sponsor of record is Sackett Gardens, LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 565 pages. The nearest other condo plan on file is Degraw Gardens Condominium, next door.

Plan CD260087 · Rehab · accepted Jul 2, 2026 · AG record ↗

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FigureThis building1235 Sackett22 units · 0.5 miaccepted 2026181 Baltic32 units · 0.6 miaccepted 2026
Common ChargesPer Square Foot / Month$0.31In line$0.28$0.67
Average Offering PricePer Apartment$4.55MLowest$5.63M$6.5M
Average PricePer Square Foot$2,214In line$2,062$2,576
Property TaxesPer Square Foot / Month$0.28Below peers$0.29$0.64
Average Unit SizeSquare Feet2,056 SFSmallest2,728 SF2,521 SF

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Unit mix, closings, budgets, finishes and the team, against 235 Sackett and 181 Baltic, 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.

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
Sackett Gardens, LLC
Principals
Mark Rechler, Josh Egendorf, Kenneth Hudes
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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