THE CONDO BOOK PROJECT

Hendrik Condominium

509 Pacific Street, Brooklyn, NY 11217

Overview

Units
33 residential · 12 parking
Subway
3 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RNevins St 2 3 4 5, 5 min
Developer
Hope Street Capital LLC
Principals
Jeffrey Gershon
Offering price
$134.9 million total

The sponsor of record is 522-528 LLC, represented by Starr Associates LLP. The offering plan runs 518 pages. The sponsor has filed 25 amendments, the latest in July 2026. The nearest other condo plan on file is Bococa Suites Condiminium, next door.

Plan CD150301 · New · accepted May 20, 2016 · AG record ↗

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Closings Pro

Homes closed100% of the homes in the plan33 of 33
Closingsfirst and latest recordedJun 13, 2018 – Sep 24, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 39 closings
HomeRecordedClosing priceSchedule ADifference
4IJun 13, 2018$1,224,650——
5DJun 15, 2018$2,525,563——
3FJun 18, 2018$2,034,159——
4BJun 18, 2018$2,522,919——
3EJun 19, 2018$2,140,000——
3IJun 19, 2018$1,100,000——
5BJun 19, 2018$3,250,000——
PH1EJun 19, 2018$3,332,863——
PH2DJun 19, 2018$2,141,075——
5HJun 20, 2018$1,631,950——
3JJun 21, 2018$1,529,603——
4GJun 21, 2018$1,784,688——
4JJun 22, 2018$1,626,859——
5EJun 22, 2018$1,810,144——
PH1CJun 22, 2018$4,253,694——
3GJun 25, 2018$2,034,159——
4CJun 25, 2018$1,932,334——
4HJun 25, 2018$1,784,688——
PH1DJun 25, 2018$2,425,000——
3HJun 26, 2018$2,034,159——
4DJun 26, 2018$1,932,334——
5FJun 26, 2018$1,855,965——
PH1BJun 26, 2018$4,579,784——
3CJun 27, 2018$1,759,231——
4FJun 28, 2018$1,768,719——
PH1AJun 29, 2018$2,955,675——
PH1FJul 9, 2018$2,935,000——
PH2FJul 9, 2018$2,726,569——
3AJul 16, 2018$2,250,000——
5CJul 17, 2018$3,049,659——
5GJul 24, 2018$1,835,600——
PH2EAug 1, 2018$3,000,000——
3DAug 14, 2018$1,835,600——
4ESep 7, 2018$2,166,531——
4ADec 14, 2018$1,930,000——
3BMar 4, 2019$2,202,170——
PH2AMar 18, 2019$2,350,000——
5AMar 26, 2019$2,483,000——
RETSep 24, 2026$9,045,738——

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.

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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
522-528 LLC
Developer
Hope Street Capital LLC
Principals
Jeffrey Gershon
Tax estimate
Metropolitan Valuation ServicesPrepared the first-year real estate tax projection
Construction lender
Bank OZKLender on the mortgage and building loan agreement recorded June 2016 in ACRIS; $51.3 million recorded

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

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