THE CONDO BOOK PROJECT

Adler Condominium

541 Madison Street, Brooklyn, NY 11221

Overview

Units
4 residential
Subway
13 min walk to Utica Av A CKingston-Throop Avs C, 14 min
Offering price
$3.51 million total

The sponsor of record is 541 Madison LLC, represented by Marans Weisz & Newman LLC. The sponsor has filed 2 amendments, the latest in March 2020. The nearest other condo plan on file is 659 Putnam Avenue Condominium, next door.

Plan CD180277 · New · accepted May 6, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedJan 28, 2020 – Mar 4, 2020

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Jan 28, 2020$799,000——
4Jan 29, 2020$899,000——
3Feb 14, 2020$813,582——
1Mar 4, 2020$882,984——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

Team

Sponsor
541 Madison LLC
Construction lender
S3 CapitalLender on the mortgage and building loan agreement recorded June 2018 in ACRIS; $2.16 million recorded

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

Nearby