THE CONDO BOOK PROJECT

529 Court Street Condo

529 Court Street, Brooklyn, NY 11231

Overview

Units
25 residential · 13 parking
Subway
3 min walk to Smith-9 Sts F GCarroll St F G, 9 min
Developer
Troutbrook Company
Principals
Marc J. Freud
Average $/sf
$498Homes in Schedule A, as first offered
Offering price
$18.2 million total $12.4 million when first offered

The sponsor of record is Freud Court Street Properties LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 240 pages. The sponsor has filed 5 amendments, the latest in June 2019. The nearest other condo plan on file is 527 Court Street Condominium, next door.

Plan CD040071 · New · accepted Jan 25, 2005 · AG record ↗

Compare

FigureThis building1Park Slope Gardens Condominiums230 units · 0.9 miaccepted 2004Carriage House On The Slope324 units · 0.9 miaccepted 2005
Common ChargesPer Square Foot / Month$0.39In line$0.30$0.41
Average Offering PricePer Apartment$494,560Lowest$625,800$787,917
Average PricePer Square Foot$498Lowest$610$609
Average Unit SizeSquare Feet994 SFSmaller1,027 SF1,293 SF

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Unit mix, closings, budgets, finishes and the team, against Park Slope Gardens Condominiums and Carriage House On The Slope, 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 closed96% of the homes in Schedule A24 of 25
Closing prices vs. Schedule A24 homes: $15,180,309 at closing against $11,866,000 in Schedule A (p. 28)+27.9%
Average closing price24 homes, on their Schedule A square feet$639 / SF
Closingsfirst and latest recordedNov 29, 2006 – Jun 21, 2023

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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 24 closings
HomeRecordedClosing priceSchedule ADifference
305Nov 29, 2006$605,859$487,000 p. 28+24.4%
203Nov 30, 2006$404,586$339,000 p. 28+19.3%
302Nov 30, 2006$562,074$469,000 p. 28+19.8%
403Dec 6, 2006$428,922$389,000 p. 28+10.3%
402Dec 18, 2006$554,946$493,000 p. 28+12.6%
205Dec 26, 2006$588,549$479,000 p. 28+22.9%
303Jan 4, 2007$414,726$349,000 p. 28+18.8%
406Jan 4, 2007$666,954$509,000 p. 28+31%
401Jan 8, 2007$517,271$356,000 p. 28+45.3%
202Jan 18, 2007$530,322$459,000 p. 28+15.5%
301Jan 26, 2007$475,566$346,000 p. 28+37.4%
103Jan 30, 2007$733,140$563,000 p. 28+30.2%
405Feb 27, 2007$598,260$497,000 p. 28+20.4%
201May 10, 2007$529,490$433,000 p. 28+22.3%
306May 16, 2007$646,589$493,000 p. 28+31.2%
206Jun 7, 2007$727,031$559,000 p. 28+30.1%
PH 2Dec 13, 2007$875,695$769,000 p. 28+13.9%
PH 3Jan 31, 2008$545,782$520,000 p. 28+5%
404Mar 18, 2008$661,863$533,000 p. 28+24.2%
204May 12, 2008$641,498$488,000 p. 28+31.5%
101Jul 11, 2012$385,000$449,000 p. 28−14.3%
PH 4Aug 28, 2012$798,000$599,000 p. 28+33.2%
102Feb 25, 2013$448,188$459,000 p. 28−2.4%
PH 1Jun 21, 2023$1,840,000$829,000 p. 28+122%

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Closings are for subscribers

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
Freud Court Street Properties LLC
Developer
Troutbrook Company
Principals
Marc J. Freud
Tax estimate
Merker Realty Corp.Prepared the first-year real estate tax projection
Construction lender
The Community Preservation Corporation$5.1 million recorded

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

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