THE CONDO BOOK PROJECT

503 Clinton Avenue Condominium

503 Clinton Avenue, Brooklyn, NY 11238

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Overview

Units
8 residential
Subway
1 min walk to Clinton-Washington Avs CClinton-Washington Avs G, 7 min
Principals
Michael Biton, Jeremy Ross, Ricardo Alburez
Average $/sf
$1,494Homes in Schedule A, as first offered
Common charges
$497–$1,072 a monthSponsor's first-year estimate in Schedule A
Offering price
$10.3 million total

The sponsor of record is 503 Clinton Avenue, LLC, represented by Eial Girtz, PC. The offering plan runs 279 pages. The sponsor has filed 1 amendment, the latest in November 2025. The nearest other condo plan on file is 505 Clinton Avenue Condominium, next door.

Plan CD250104 · New · accepted Aug 19, 2025 · AG record ↗

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FigureThis building1755 Washington210 units · 0.6 miaccepted 2025820 Classon38 units · 0.8 miaccepted 2026
Common ChargesPer Square Foot / Month$0.76Above peers$0.72$0.59
Average Offering PricePer Apartment$1.29MIn line$1.26M$1.43M
Average PricePer Square Foot$1,494Above peers$1,484$1,416
Property TaxesPer Square Foot / Month$0.49Below peers$0.68$0.55
Average Unit SizeSquare Feet863 SFIn line850 SF1,007 SF

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Unit mix, closings, budgets, finishes and the team, against 755 Washington and 820 Classon, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $9,062,539 at closing against $10,310,000 in Schedule A−12.1%
Average closing price8 homes, on their Schedule A square feet$1,313 / SF
Closingsfirst and latest recordedFeb 12, 2026 – Mar 27, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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 8 closings
HomeRecordedClosing priceSchedule ADifference
3AFeb 12, 2026$1,100,000$1,225,000 −10.2%
1BFeb 17, 2026$1,257,539$1,395,000 −9.9%
2BFeb 18, 2026$995,000$1,215,000 −18.1%
4AFeb 20, 2026$1,650,000$1,795,000 −8.1%
4BFeb 20, 2026$1,075,000$1,175,000 −8.5%
2AFeb 26, 2026$1,100,000$1,245,000 −11.6%
1AMar 11, 2026$925,000$1,075,000 −14%
3BMar 27, 2026$960,000$1,185,000 −19%

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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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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
503 Clinton Avenue, LLC
Principals
Michael Biton, Jeremy Ross, Ricardo Alburez
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Silac Insurance Company$9.3 million loan stated in the plan

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

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