486 1st Street Condominium
486 1st Street, Brooklyn, NY 11215
Overview
- Units
- 3 residential
- Subway
- 9 min walk to 7 Av F GGrand Army Plaza 2 3, 10 min
- Principals
- Bleecker Wheeler
- Average $/sf
- $1,773Homes in Schedule A, as first offered
- Common charges
- $364–$789 a monthSponsor's first-year estimate in Schedule A, March 1, 2021 - February 28, 2022
- Offering price
- $6.25 million total
- Floor plans
- Page 160 of the plan
The sponsor of record is 486 First Holdings, LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 200 pages. The sponsor has filed 2 amendments, the latest in March 2022. The nearest other condo plan on file is 502 1st Street Condominium, next door.
Plan CD190290 · Rehab · accepted Oct 19, 2020 · AG record ↗
Compare
| Figure | This building1 | 315 6th23 units · 0.5 miaccepted 2020 | 285 7th33 units · 0.5 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.43In line | $0.41 | $0.44 |
| Average Offering PricePer Apartment | $2.08MAbove peers | $1.98M | $1.93M |
| Average PricePer Square Foot | $1,773Above peers | $1,618 | $1,545 |
| Property TaxesPer Square Foot / Month | $0.75Highest | $0.51 | $0.47 |
| Average Unit SizeSquare Feet | 1,175 SFSmaller | 1,226 SF | 1,248 SF |
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Unit mix, closings, budgets, finishes and the team, against 315 6th and 285 7th, 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 closed67% of the homes in Schedule A | 2 of 3 |
| Closing prices vs. Schedule A2 homes: $4,779,288 at closing against $4,750,000 in Schedule A (p. 26) | +0.6% |
| Average closing price2 homes, on their Schedule A square feet | $1,781 / SF |
| Closingsfirst and latest recorded | Mar 1, 2022 – Apr 25, 2022 |
Sales recorded with the Department of Finance (ACRIS) through May 31, 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 2 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Mar 1, 2022 | $1,513,688 | $1,500,000 p. 26 | +0.9% |
| 1 | Apr 25, 2022 | $3,265,600 | $3,250,000 p. 26 | +0.5% |
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
- 486 First Holdings, LLC
- Principals
- Bleecker Wheeler
- Tax estimate
- Mazursky Group, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 502 1st Street Condominiumnext door · 3 units
- 502 First Street Condominiumnext door · 4 units · 2006
- 505 Second Street Condominiumnext door · 4 units · 2014
- Bennett House Condominium0.1 mi · 5 units · 2014
- Homage On 3rd Street Condominium0.1 mi · 4 units · 2020
- 484 Second Street Condominium0.1 mi · 4 units · 2005