533 Pacific Street Condominium
533 Pacific Street, Brooklyn, NY 11217
Overview
- Units
- 41 residential · 10 parking · 27 storage · 2 commercial
- Subway
- 2 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RNevins St 2 3 4 5, 7 min
- Developer
- Sterling Town Equities
- Principals
- Ido Paul Amit, Yossef Ariel
- Average $/sf
- $1,542Homes in Schedule A, as first offered
- Common charges
- $599–$2,098 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $97.8 million total
- Floor plans
- Page 11 of the plan
The sponsor of record is Atlantic Gardens Residence LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 441 pages. The sponsor has filed 5 amendments, the latest in November 2023. The nearest other condo plan on file is Hendrik Condominium, next door.
Plan CD210282 · New · accepted Mar 10, 2022 · AG record ↗
Compare
| Figure | This building1 | The Butler Collection234 units · 0.3 miaccepted 2022 | Salvation Lofts346 units · 1 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.89Highest | $0.46 | $0.43 |
| Average Offering PricePer Apartment | $1.97MHighest | $1.65M | $1.46M |
| Average PricePer Square Foot | $1,542Above peers | $1,333 | $1,417 |
| Property TaxesPer Square Foot / Month | $0.99Highest | $0.86 | $0.70 |
| Average Unit SizeSquare Feet | 1,275 SFLarger | 1,236 SF | 1,027 SF |
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Unit mix, closings, budgets, finishes and the team, against The Butler Collection and Salvation Lofts, cited to the offering plans. No credit card required.
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- 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 | 41 of 41 |
| Closing prices vs. Schedule A40 homes: $88,665,834 at closing against $77,942,000 in Schedule A (p. 58, p. 59) | +13.8% |
| Average closing price40 homes, on their Schedule A square feet | $1,752 / SF |
| Closingsfirst and latest recorded | Feb 27, 2023 – Dec 15, 2023 |
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 41 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5B | Feb 27, 2023 | $2,540,000 | $2,400,000 p. 58 | +5.8% |
| 5D | Mar 30, 2023 | $1,665,000 | $1,395,000 p. 58 | +19.4% |
| 6F | Mar 30, 2023 | $1,843,033 | $1,695,000 p. 58 | +8.7% |
| 2C | Mar 31, 2023 | $996,867 | $899,000 p. 58 | +10.9% |
| 3A | Mar 31, 2023 | $2,548,041 | $2,165,000 p. 58 | +17.7% |
| 4F | Apr 3, 2023 | $1,907,182 | $1,665,000 p. 58 | +14.5% |
| 7A | Apr 3, 2023 | $2,586,500 | $2,325,000 p. 58 | +11.2% |
| 7F | Apr 4, 2023 | $1,917,338 | $1,715,000 p. 58 | +11.8% |
| 4A | Apr 5, 2023 | $2,469,256 | $2,195,000 p. 58 | +12.5% |
| 8A | Apr 10, 2023 | $2,785,000 | $2,375,000 p. 58 | +17.3% |
| 3F | Apr 12, 2023 | $1,756,481 | $1,650,000 p. 58 | +6.5% |
| 5F | Apr 13, 2023 | $1,904,219 | $1,680,000 p. 58 | +13.3% |
| 6A | Apr 14, 2023 | $2,425,000 | $2,275,000 p. 58 | +6.6% |
| 4C | Apr 18, 2023 | $1,087,500 | $920,000 p. 58 | +18.2% |
| 8F | Apr 18, 2023 | $1,930,000 | $1,750,000 p. 58 | +10.3% |
| 2D | Apr 19, 2023 | $1,009,024 | $899,000 p. 58 | +12.2% |
| 3C | Apr 19, 2023 | $1,043,706 | $910,000 p. 58 | +14.7% |
| 6B | Apr 20, 2023 | $1,896,491 | $1,575,000 p. 58 | +20.4% |
| 2A | Apr 21, 2023 | $2,346,000 | $2,195,000 p. 58 | +6.9% |
| 8E | Apr 21, 2023 | $2,599,888 | $2,425,000 p. 58 | +7.2% |
| 9A | Apr 21, 2023 | $2,670,000 | $2,425,000 p. 58 | +10.1% |
| 5A | Apr 26, 2023 | $3,150,000 | $2,850,000 p. 58 | +10.5% |
| 7B | Apr 26, 2023 | $1,820,631 | $1,495,000 p. 58 | +21.8% |
| 3E | Apr 28, 2023 | $1,055,925 | $935,000 p. 58 | +12.9% |
| 8B | Apr 28, 2023 | $2,115,000 | $1,695,000 p. 58 | +24.8% |
| 3B | May 1, 2023 | $1,140,311 | $999,000 p. 58 | +14.1% |
| 6E | May 3, 2023 | $2,901,235 | $2,495,000 p. 58 | +16.3% |
| 4D | May 5, 2023 | $1,654,656 | $1,375,000 p. 58 | +20.3% |
| GRDN | May 10, 2023 | $2,750,000 | — | — |
| 2B | May 11, 2023 | $1,050,000 | $975,000 p. 58 | +7.7% |
| 2E | May 15, 2023 | $1,052,013 | $925,000 p. 58 | +13.7% |
| 10A | May 15, 2023 | $3,411,347 | $2,995,000 p. 59 | +13.9% |
| 7E | May 25, 2023 | $2,732,206 | $2,450,000 p. 58 | +11.5% |
| 10F | May 30, 2023 | $2,210,000 | $1,835,000 p. 59 | +20.4% |
| 10B | May 31, 2023 | $3,390,000 | $3,125,000 p. 59 | +8.5% |
| PHA | May 31, 2023 | $4,665,000 | $3,900,000 p. 59 | +19.6% |
| 9F | Jun 1, 2023 | $3,200,000 | $2,850,000 p. 58 | +12.3% |
| PHB | Jun 2, 2023 | $4,723,485 | $3,950,000 p. 59 | +19.6% |
| 4B | Jun 12, 2023 | $1,792,500 | $1,550,000 p. 58 | +15.6% |
| 3D | Jul 18, 2023 | $1,125,000 | $910,000 p. 58 | +23.6% |
| 9B | Dec 15, 2023 | $3,550,000 | $3,100,000 p. 58 | +14.5% |
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
- Atlantic Gardens Residence LLC
- Developer
- Sterling Town EquitiesReported by brownstoner.com
- Principals
- Ido Paul Amit, Yossef Ariel
- Tax estimate
- MGNY ConsultingPrepared the first-year real estate tax projection
- Construction lender
- Bank Hapoalim$52 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Hendrik Condominiumnext door · 33 units · 12 parking · 2016
- 561 Pacific Street Condominiumnext door · 63 units · 16 parking · 2018
- 357 Dean Street Condominiumnext door · 6 units · 2008
- 578 Atlantic Avenue Condominiumnext door · 9 units · 2005
- 354 Dean Street Condominiumnext door · 3 units · 2025
- 363 Dean Street Condominiumnext door · 6 units · 2015