Clinton House Condominium
525 Myrtle Avenue, Brooklyn, NY 11205
Overview
- Units
- 22 residential · 3 commercial
- Subway
- 10 min walk to Classon Av GClinton-Washington Avs G, 10 min
- Average $/sf
- $1,061Homes in Schedule A, as first offered
- Common charges
- $297–$617 a monthSponsor's first-year estimate in Schedule A, September 1, 2017 through August 31, 2018
- Offering price
- $16.1 million total
- Floor plans
- Page 15 of the plan
The sponsor of record is 525 Myrtle Avenue Condos Realty LLC, represented by Rosen Law LLC. The offering plan runs 264 pages. The sponsor has filed 2 amendments, the latest in January 2018. The nearest other condo plan on file is 105 Grand Avenue Condominium, next door.
Plan CD170049 · New · accepted Jul 12, 2017 · AG record ↗
Compare
| Figure | This building1 | 399 Gates216 units · 0.8 miaccepted 2017 | 929 Atlantic319 units · 0.9 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.61In line | $0.59 | $0.69 |
| Average Offering PricePer Apartment | $700,682In line | $578,478 | $790,211 |
| Average PricePer Square Foot | $1,061Above peers | $850 | $1,059 |
| Property TaxesPer Square Foot / Month | $0.11Lowest | $0.30 | $0.58 |
| Average Unit SizeSquare Feet | 660 SFSmaller | 681 SF | 746 SF |
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Unit mix, closings, budgets, finishes and the team, against 399 Gates and 929 Atlantic, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 22 of 22 |
| Closing prices vs. Schedule A22 homes: $15,427,400 at closing against $15,415,000 in Schedule A (p. 19) | +0.1% |
| Average closing price22 homes, on their Schedule A square feet | $1,062 / SF |
| Closingsfirst and latest recorded | Nov 8, 2017 – May 31, 2018 |
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 22 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 604 | Nov 8, 2017 | $541,709 | $565,000 p. 19 | −4.1% |
| 701 | Nov 9, 2017 | $1,374,638 | $1,350,000 p. 19 | +1.8% |
| 504 | Nov 10, 2017 | $536,618 | $560,000 p. 19 | −4.2% |
| 304 | Nov 14, 2017 | $531,527 | $550,000 p. 19 | −3.4% |
| 401 | Nov 14, 2017 | $728,049 | $750,000 p. 19 | −2.9% |
| 303 | Nov 15, 2017 | $627,974 | $650,000 p. 19 | −3.4% |
| 602 | Nov 16, 2017 | $662,881 | $680,000 p. 19 | −2.5% |
| 702 | Nov 16, 2017 | $860,421 | $875,000 p. 19 | −1.7% |
| 402 | Nov 28, 2017 | $682,228 | $670,000 p. 19 | +1.8% |
| 503 | Nov 28, 2017 | $672,045 | $660,000 p. 19 | +1.8% |
| 201 | Nov 29, 2017 | $845,148 | $830,000 p. 19 | +1.8% |
| 603 | Dec 4, 2017 | $677,136 | $665,000 p. 19 | +1.8% |
| 302 | Dec 5, 2017 | $605,859 | $595,000 p. 19 | +1.8% |
| 403 | Dec 7, 2017 | $666,954 | $655,000 p. 19 | +1.8% |
| 502 | Dec 11, 2017 | $687,319 | $675,000 p. 19 | +1.8% |
| 601 | Dec 14, 2017 | $773,870 | $760,000 p. 19 | +1.8% |
| 204 | Dec 18, 2017 | $554,946 | $545,000 p. 19 | +1.8% |
| 301 | Dec 20, 2017 | $827,000 | $835,000 p. 19 | −1% |
| 404 | Dec 20, 2017 | $565,129 | $555,000 p. 19 | +1.8% |
| 203 | Mar 8, 2018 | $672,045 | $645,000 p. 19 | +4.2% |
| 501 | Apr 11, 2018 | $733,140 | $755,000 p. 19 | −2.9% |
| 202 | May 31, 2018 | $600,768 | $590,000 p. 19 | +1.8% |
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
- 525 Myrtle Avenue Condos Realty LLC
- Counsel
- Rosen Law LLC
- Tax estimate
- SJP Tax ConsultantsPrepared the first-year real estate tax projection
- Construction lender
- Popular Bank$5.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- 111 Steuben Street Condominiumnext door · 35 units · 34 parking · 2007
- Clinton Lofts Condo / F/K/A Retro Condonext door · 16 units · 2007
- Myrtle Avenue Condominiumnext door · 10 units · 2023
- 74 Grand Avenue Condominiumnext door · 61 units · 31 parking · 2009
- Grand Avenue Condominiumnext door · 19 units · 5 parking · 2009