539 4th Street Condominium
539 4th Street, Brooklyn, NY 11215
Overview
- Units
- 8 residential
- Subway
- 6 min walk to 7 Av F GGrand Army Plaza 2 3, 12 min
- Developer
- SAN Development LLC
- Principals
- Amit Stern, Assaf Cohen
- Average $/sf
- $1,542Homes in Schedule A, as first offered
- Common charges
- $463–$708 a monthSponsor's first-year estimate in Schedule A, January 1, 2018 through December 31, 2018
- Offering price
- $15.5 million total $17 million when first offered
- Floor plans
- Page 258 of the plan
The sponsor of record is 4st Park Slope Development LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 277 pages. The sponsor has filed 5 amendments, the latest in September 2019. The nearest other condo plan on file is 561 5th Street Condominium, next door.
Plan CD170061 · New · accepted Jan 9, 2018 · AG record ↗
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 8 of 8 |
| Closing prices vs. Schedule A8 homes: $15,388,893 at closing against $17,000,000 in Schedule A (p. 31, p. 32) | −9.5% |
| Average closing price8 homes, on their Schedule A square feet | $1,396 / SF |
| Closingsfirst and latest recorded | Jul 16, 2018 – Dec 10, 2019 |
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 8 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2R | Jul 16, 2018 | $1,857,218 | $2,000,000 p. 32 | −7.1% |
| 2L | Jul 26, 2018 | $1,749,000 | $2,000,000 p. 31 | −12.5% |
| 3R | Aug 15, 2018 | $1,874,000 | $2,000,000 p. 32 | −6.3% |
| 4R | Oct 18, 2018 | $1,934,675 | $2,250,000 p. 32 | −14% |
| 1R | Oct 23, 2018 | $2,250,000 | $2,250,000 p. 31 | 0% |
| 4L | Aug 20, 2019 | $1,849,000 | $2,250,000 p. 32 | −17.8% |
| 1L | Aug 29, 2019 | $2,150,000 | $2,250,000 p. 31 | −4.4% |
| 3L | Dec 10, 2019 | $1,725,000 | $2,000,000 p. 32 | −13.7% |
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
- 4st Park Slope Development LLC
- Developer
- SAN Development LLC
- Principals
- Amit Stern, Assaf Cohen
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- First Niagara Bank$7 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 561 5th Street Condominiumnext door · 4 units · 2003
- 565 5th Street Condominiumnext door · 4 units · 2015
- 412 & 420 Eighth Avenue Condominiumnext door · 32 units · 2009
- 577 5th Street Condominiumnext door · 2 units · 2020
- 501 8th Avenue Condominiumnext door · 4 units · 2026
- 503 8th Avenue Condominiumnext door · 4 units · 2005