THE CONDO BOOK PROJECT

483 Marion Street Condominium

483 Marion Street, Brooklyn, NY 11207

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Overview

Units
3 residential
Subway
4 min walk to Chauncey St J ZRockaway Av C, 6 min
Principals
Moshe Bukaie
Average $/sf
$1,087Homes in Schedule A, as first offered
Common charges
$194–$397 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 through June 30, 2022
Offering price
$3.51 million total $3.31 million when first offered

The sponsor of record is Broadway Pearl LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 261 pages. The sponsor has filed 1 amendment, the latest in September 2022. The nearest other condo plan on file is 1776 Broadway Condominium, next door.

Plan CD180314 · New · accepted Apr 24, 2021 · AG record ↗

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FigureThis building1773 Greene24 units · 1.5 miaccepted 2021289 Kosciuszko34 units · 1.9 miaccepted 2021
Common ChargesPer Square Foot / Month$0.27Lowest$0.38$0.54
Average Offering PricePer Apartment$1.17MAbove peers$1.09M$897,500
Average PricePer Square Foot$1,087In line$1,127$1,083
Property TaxesPer Square Foot / Month$0.67In line$0.34$0.78
Average Unit SizeSquare Feet1,076 SFLarger965 SF829 SF

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Unit mix, closings, budgets, finishes and the team, against 773 Greene and 289 Kosciuszko, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $2,795,000 at closing against $3,509,000 in Schedule A (p. 25)−20.3%
Average closing price3 homes, on their Schedule A square feet$866 / SF
Closingsfirst and latest recordedMar 10, 2023 – May 2, 2025

Sales recorded with the Department of Finance (ACRIS) through Oct 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 10, 2023$530,000$719,000 p. 25−26.3%
1Mar 21, 2023$815,000$1,095,000 p. 25−25.6%
3May 2, 2025$1,450,000$1,695,000 p. 25−14.5%

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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
Broadway Pearl LLC
Principals
Moshe Bukaie
Construction lender
ConventusLender on the mortgage and building loan agreement recorded January 2021 in ACRIS; $1.77 million recorded

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

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