THE CONDO BOOK PROJECT

524 Halsey Condominium

524 Halsey Street, Brooklyn, NY 11233

Overview

Units
33 residential
Subway
7 min walk to Utica Av A CKingston-Throop Avs C, 12 min
Principals
William Caleo, Lindsay Caleo
Average $/sf
$968Homes in Schedule A, as first offered
Common charges
$289–$1,882 a monthSponsor's first-year estimate in Schedule A, From July 1, 2023 To June 30, 2024
Offering price
$44.7 million total

The sponsor of record is 524 Halsey LLC, represented by Marcus Attorneys Pllc. The offering plan runs 382 pages. The sponsor has filed 8 amendments, the latest in May 2026. The nearest other condo plan on file is 503 Halsey Street Condominium, next door.

Plan CD220048 · New · accepted Apr 19, 2023 · AG record ↗

Compare

FigureThis building1352 Wallabout258 units · 1.5 miaccepted 2024Four Fifty Grand339 units · 1.5 miaccepted 2023
Common ChargesPer Square Foot / Month$0.56In line$0.37$0.93
Average Offering PricePer Apartment$1.38MIn line$1.59M$1.15M
Average PricePer Square Foot$968Below peers$1,031$1,319
Property TaxesPer Square Foot / Month$0.47In line$0.41$1.46
Average Unit SizeSquare Feet1,431 SFIn line1,537 SF869 SF

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Unit mix, closings, budgets, finishes and the team, against 352 Wallabout and Four Fifty Grand, 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 closed94% of the homes in Schedule A30 of 32
Closing prices vs. Schedule A30 homes: $42,355,323 at closing against $40,105,000 in Schedule A (p. 38, p. 39, p. 40)+5.6%
Average closing price30 homes, on their Schedule A square feet$1,029 / SF
Closingsfirst and latest recordedJan 30, 2025 – Aug 17, 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 30 closings
HomeRecordedClosing priceSchedule ADifference
301Jan 30, 2025$1,679,000$1,299,000 p. 39+29.3%
103Jan 31, 2025$1,010,000$1,965,000 p. 38−48.6%
203Feb 3, 2025$1,295,000$1,295,000 p. 380%
207Feb 4, 2025$1,215,996$1,199,000 p. 39+1.4%
305Feb 4, 2025$1,003,000$1,399,000 p. 39−28.3%
208Feb 5, 2025$1,230,000$1,160,000 p. 39+6%
101Feb 6, 2025$995,000$1,995,000 p. 38−50.1%
106Feb 7, 2025$1,210,950$1,150,000 p. 38+5.3%
209Feb 10, 2025$1,415,000$675,000 p. 39+109.6%
304Feb 19, 2025$1,475,000$1,050,000 p. 39+40.5%
206Feb 21, 2025$1,100,000$1,200,000 p. 39−8.3%
PH1Feb 26, 2025$2,295,000$1,199,000 p. 39+91.4%
303Mar 13, 2025$1,320,000$1,245,000 p. 39+6%
307Mar 13, 2025$1,266,451$1,299,000 p. 39−2.5%
204Apr 3, 2025$1,362,319$1,110,000 p. 38+22.7%
205Apr 10, 2025$1,476,463$1,399,000 p. 39+5.5%
PH3Apr 10, 2025$1,835,000$1,285,000 p. 39+42.8%
102Apr 23, 2025$1,059,581$1,975,000 p. 38−46.4%
308Apr 29, 2025$1,435,733$1,499,000 p. 39−4.2%
306Jun 2, 2025$1,261,406$1,199,000 p. 39+5.2%
108Jun 10, 2025$1,883,763$1,100,000 p. 38+71.3%
104Aug 12, 2025$995,000$975,000 p. 38+2.1%
TH2Aug 14, 2025$2,522,813$2,399,000 p. 40+5.2%
201Aug 18, 2025$695,000$1,350,000 p. 38−48.5%
202Sep 16, 2025$1,235,000$1,250,000 p. 38−1.2%
302Oct 6, 2025$1,504,000$1,250,000 p. 39+20.3%
PH2Oct 10, 2025$1,556,000$1,275,000 p. 39+22%
107May 20, 2026$1,595,000$965,000 p. 38+65.3%
109Aug 7, 2026$1,832,850$899,000 p. 38+103.9%
105Aug 17, 2026$1,595,000$2,045,000 p. 38−22%

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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
524 Halsey LLC
Principals
William Caleo, Lindsay Caleo
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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