Times Plaza Condominium
560 State Street, Brooklyn, NY 11217
Overview
- Units
- 39 residential
- Subway
- 1 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RFulton St G, 5 min
- Developer
- The Orlofsky Partnership
- Principals
- Bruce Orlofsky, David Orlofsky, Jason Orlofsky, Mitchell Orlofsky
- Average $/sf
- $562Homes in Schedule A, as first offered
- Common charges
- $180–$480 a monthSponsor's first-year estimate in Schedule A, Commencing July 1, 2005
- Offering price
- $25.7 million total $23.9 million when first offered
- Floor plans
- Page 30 of the plan
The sponsor of record is Times Plaza Development Limited Partnership, represented by Eiseman Levine Lehrhaupt & Kakoyiannis. The offering plan runs 443 pages. The sponsor has filed 27 amendments, the latest in February 2020. The nearest other condo plan on file is Boerum Heights Condo, next door.
Plan CD030295 · Conversion · accepted Nov 23, 2004 · AG record ↗
Units & Prices
Closings Pro
| Homes closed97% of the homes in Schedule A | 38 of 39 |
| Closing prices vs. Schedule A38 homes: $25,500,004 at closing against $23,314,600 in Schedule A (p. 36, p. 37) | +9.4% |
| Average closing price38 homes, on their Schedule A square feet | $615 / SF |
| Closingsfirst and latest recorded | Sep 6, 2005 – Jul 30, 2018 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 38 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2A | Sep 6, 2005 | $612,274 | $601,300 p. 36 | +1.8% |
| 4A | Sep 7, 2005 | $726,726 | $713,700 p. 36 | +1.8% |
| 2C | Sep 8, 2005 | $606,572 | $604,200 p. 36 | +0.4% |
| 10C | Sep 12, 2005 | $598,019 | $567,600 p. 37 | +5.4% |
| 7B | Sep 14, 2005 | $640,887 | $629,400 p. 36 | +1.8% |
| 8C | Sep 14, 2005 | $609,423 | $584,500 p. 37 | +4.3% |
| 7J | Sep 22, 2005 | $635,184 | $623,800 p. 37 | +1.8% |
| 10B | Sep 26, 2005 | $577,960 | $587,300 p. 37 | −1.6% |
| 3B | Sep 27, 2005 | $609,423 | $604,200 p. 36 | +0.9% |
| 3C | Sep 27, 2005 | $490,573 | $598,500 p. 36 | −18% |
| 7C | Nov 8, 2005 | $626,020 | $595,700 p. 36 | +5.1% |
| 7H | Nov 17, 2005 | $472,321 | $581,700 p. 37 | −18.8% |
| 10A | Nov 17, 2005 | $577,959 | $567,600 p. 37 | +1.8% |
| 7M | Jul 7, 2006 | $602,386 | $573,200 p. 37 | +5.1% |
| 7F | Aug 17, 2006 | $585,494 | $646,300 p. 37 | −9.4% |
| 1A | Sep 26, 2006 | $246,402 | $303,500 p. 36 | −18.8% |
| 5C | Sep 26, 2006 | $626,224 | $809,300 p. 36 | −22.6% |
| 8A | Sep 26, 2006 | $529,490 | $587,300 p. 37 | −9.8% |
| 7E | Mar 28, 2007 | $525,000 | $601,300 p. 37 | −12.7% |
| 1B | Mar 30, 2007 | $609,932 | $618,200 p. 36 | −1.3% |
| 7A | May 15, 2007 | $600,768 | $635,100 p. 36 | −5.4% |
| 6A | Jun 14, 2007 | $590,585 | $581,700 p. 36 | +1.5% |
| 9B | Sep 19, 2007 | $617,060 | $598,500 p. 37 | +3.1% |
| 7D | Mar 6, 2008 | $626,224 | $618,200 p. 36 | +1.3% |
| 4C | May 28, 2008 | $672,045 | $767,100 p. 36 | −12.4% |
| 6B | Jun 2, 2010 | $534,581 | $581,700 p. 36 | −8.1% |
| 1C | May 10, 2011 | $634,000 | $609,800 p. 36 | +4% |
| 2B | Jun 3, 2011 | $549,855 | $595,700 p. 36 | −7.7% |
| 9C | Mar 23, 2012 | $675,000 | $578,900 p. 37 | +16.6% |
| 9A | Jun 26, 2012 | $629,000 | $578,900 p. 37 | +8.7% |
| 3A | Dec 3, 2013 | $825,000 | $598,500 p. 36 | +37.8% |
| 6C | Jan 7, 2014 | $743,323 | $581,700 p. 36 | +27.8% |
| 5B | Mar 19, 2014 | $890,969 | $688,500 p. 36 | +29.4% |
| 7G | May 19, 2014 | $827,328 | $677,200 p. 37 | +22.2% |
| 7K | Oct 27, 2014 | $793,000 | $604,200 p. 37 | +31.2% |
| 7L | Oct 29, 2015 | $895,000 | $601,300 p. 37 | +48.8% |
| 4B | Jul 28, 2016 | $1,438,000 | $677,200 p. 36 | +112.3% |
| 5A | Jul 30, 2018 | $1,450,000 | $741,800 p. 36 | +95.5% |
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
- Times Plaza Development Limited Partnership
- Developer
- The Orlofsky Partnership
- Principals
- Bruce Orlofsky, David Orlofsky, Jason Orlofsky, Mitchell Orlofsky
- Tax estimate
- Mazursky GroupPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Boerum Heights Condonext door · 71 units · 28 parking · 2005
- 578 Atlantic Avenue Condominiumnext door · 9 units · 2005
- One Hanson Place Condominiumnext door · 190 units · 2006
- 561 Pacific Street Condominiumnext door · 63 units · 16 parking · 2018
- 533 Pacific Street Condominiumnext door · 41 units · 10 parking · 2022
- 522 State Street Condominiumnext door · 4 units · 2024