THE CONDO BOOK PROJECT

Flushing Condominium

577 Flushing Avenue, Brooklyn, NY 11206

Overview

Units
16 residential · 1 commercial
Subway
2 min walk to Flushing Av GMyrtle-Willoughby Avs G, 8 min
Offering price
$16.7 million total $13.2 million when first offered

The sponsor of record is 577 Flushing Condos LLC, represented by Jeffrey Zwick & Associates, P.C.. The sponsor has filed 6 amendments, the latest in December 2020. The nearest other condo plan on file is 587, 589 & 591 Flushing Avenue Condominium, next door.

Plan CD180396 · New · accepted Apr 25, 2019 · AG record ↗

Closings Pro

Homes closed94% of the homes in the plan15 of 16
Closingsfirst and latest recordedDec 26, 2019 – Aug 25, 2020

Sales recorded with the Department of Finance (ACRIS) through Aug 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 15 closings
HomeRecordedClosing priceSchedule ADifference
5LDec 26, 2019$794,235——
4LJan 6, 2020$1,242,265——
5RJan 8, 2020$990,000——
6FJan 15, 2020$610,950——
6RJan 15, 2020$999,000——
4RJan 23, 2020$1,242,265——
6LFeb 5, 2020$845,148——
3RFeb 25, 2020$1,242,265——
5FMar 3, 2020$712,775——
7FMar 6, 2020$661,863——
8RMar 25, 2020$950,000——
8LJun 30, 2020$955,000——
7LAug 11, 2020$875,695——
3LAug 14, 2020$1,242,265——
7RAug 25, 2020$814,600——

Pro

Closings are for subscribers

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

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Team

Sponsor
577 Flushing Condos LLC
Construction lender
Levon CapitalLender on the mortgage and building loan agreement recorded May 2019 in ACRIS

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

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