554 4th Avenue Condominium
554 4th Avenue, Brooklyn, NY 11215
Overview
- Units
- 40 residential · 3 commercial
- Subway
- 2 min walk to Prospect Av R4 Av-9 St F G R, 6 min
- Developer
- Brookland Capital
- Principals
- Boaz Gilad
- Average $/sf
- $883Homes in Schedule A, as first offered
- Common charges
- $402–$3,048 a monthSponsor's first-year estimate in Schedule A, March 1, 2018 - February 28, 2019
- Offering price
- $35.9 million total $30.1 million when first offered
- Floor plans
- Page 12 of the plan
The sponsor of record is 550 4th Ave Investor LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 337 pages. The sponsor has filed 9 amendments, the latest in February 2020. The nearest other condo plan on file is 548 4th Avenue Condominium, next door.
Plan CD170074 · New · accepted Sep 29, 2017 · AG record ↗
Compare
| Figure | This building1 | 26 East 19th226 units · 2 miaccepted 2018 | Waverly Brooklyn348 units · 1.8 miaccepted 2016 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.64Below peers | $0.68 | $0.92 |
| Average Offering PricePer Apartment | $742,079In line | $613,385 | $943,192 |
| Average PricePer Square Foot | $883Below peers | $930 | $1,030 |
| Property TaxesPer Square Foot / Month | $0.56Highest | $0.05 | $0.07 |
| Average Unit SizeSquare Feet | 839 SFIn line | 660 SF | 916 SF |
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Unit mix, closings, budgets, finishes and the team, against 26 East 19th and Waverly Brooklyn, 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 | 40 of 40 |
| Closingsfirst and latest recorded | Apr 8, 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 43 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $539,000 p. 35 | — |
| 3B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $525,000 p. 35 | — |
| 3C | Apr 8, 2019 | $29,620,207one deed, 40 homes | — | — |
| 3D | Apr 8, 2019 | $29,620,207one deed, 40 homes | — | — |
| 3E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $515,000 p. 35 | — |
| 4A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $549,000 p. 35 | — |
| 4B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $535,000 p. 35 | — |
| 4C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $549,000 p. 35 | — |
| 4D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $625,000 p. 35 | — |
| 4E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $535,000 p. 35 | — |
| 5A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $559,000 p. 35 | — |
| 5B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $545,000 p. 35 | — |
| 5C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $559,000 p. 35 | — |
| 5D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $589,000 p. 35 | — |
| 5E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $545,000 p. 35 | — |
| 6A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $569,000 p. 35 | — |
| 6B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $555,000 p. 35 | — |
| 6C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $565,000 p. 35 | — |
| 6D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $599,000 p. 35 | — |
| 6E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $555,000 p. 35 | — |
| 7A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $579,000 p. 35 | — |
| 7B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $565,000 p. 35 | — |
| 7C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $585,000 p. 35 | — |
| 7D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $599,000 p. 35 | — |
| 7E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $575,000 p. 35 | — |
| 8A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $610,000 p. 35 | — |
| 8B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $585,000 p. 35 | — |
| 8C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $575,000 p. 35 | — |
| 8D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $580,000 p. 35 | — |
| 8E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $585,000 p. 35 | — |
| 9A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $625,000 p. 36 | — |
| 9B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $605,000 p. 36 | — |
| 9C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $599,000 p. 36 | — |
| 9D | Apr 8, 2019 | $29,620,207one deed, 40 homes | $605,000 p. 36 | — |
| 9E | Apr 8, 2019 | $29,620,207one deed, 40 homes | $615,000 p. 36 | — |
| 10A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $1,400,000 p. 36 | — |
| 10B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $1,250,000 p. 36 | — |
| 10C | Apr 8, 2019 | $29,620,207one deed, 40 homes | $1,350,000 p. 36 | — |
| 11A | Apr 8, 2019 | $29,620,207one deed, 40 homes | $1,500,000 p. 36 | — |
| 11B | Apr 8, 2019 | $29,620,207one deed, 40 homes | $3,800,000 p. 36 | — |
| COMMA | Apr 8, 2019 | $29,620,207one deed, 40 homes | — | — |
| COMMB | Apr 8, 2019 | $29,620,207one deed, 40 homes | — | — |
| COMMC | Apr 8, 2019 | $29,620,207one deed, 40 homes | — | — |
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
- 550 4th Ave Investor LLC
- Developer
- Brookland Capital
- Principals
- Boaz Gilad
- Counsel
- Marans Weisz & Newman LLC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
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