THE CONDO BOOK PROJECT

506 Henry Street Condominium

506 Henry Street, Brooklyn, NY 11231

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Overview

Units
4 residential
Subway
8 min walk to Carroll St F GBergen St F G, 12 min
Principals
Alex Maroni, Bren Salamon
Average $/sf
$1,896Homes in Schedule A, as first offered
Common charges
$762–$937 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
Offering price
$11.3 million total $11.5 million when first offered

The sponsor of record is 506 Henry LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 356 pages. The sponsor has filed 1 amendment, the latest in September 2025. The nearest other condo plan on file is 498 Henry Street Condominium, next door.

Plan CD250031 · Rehab · accepted Jun 16, 2025 · AG record ↗

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FigureThis building1382 7th24 units · 1.3 miaccepted 202576 1st Place35 units · 0.3 miaccepted 2024
Common ChargesPer Square Foot / Month$0.56Highest$0.35$0.39
Average Offering PricePer Apartment$2.88MAbove peers$2.48M$2.76M
Average PricePer Square Foot$1,896Above peers$1,720$1,823
Property TaxesPer Square Foot / Month$0.41Highest$0.30$0.28
Average Unit SizeSquare Feet1,516 SFLarger1,443 SF1,514 SF

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Unit mix, closings, budgets, finishes and the team, against 382 7th and 76 1st Place, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $11,875,990 at closing against $11,500,000 in Schedule A (p. 34)+3.3%
Average closing price4 homes, on their Schedule A square feet$1,958 / SF
Closingsfirst and latest recordedMar 12, 2026 – Mar 19, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 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 4 closings
HomeRecordedClosing priceSchedule ADifference
1Mar 12, 2026$3,260,000$3,200,000 p. 34+1.9%
4Mar 16, 2026$3,350,000$2,900,000 p. 34+15.5%
2Mar 18, 2026$2,565,990$2,700,000 p. 34−5%
3Mar 19, 2026$2,700,000$2,700,000 p. 340%

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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
506 Henry LLC
Principals
Alex Maroni, Bren Salamon
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Peapack-Gladstone Bank$5.15 million recorded

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

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