THE CONDO BOOK PROJECT

577 Madison Street Condominium

577 Madison Street, Brooklyn, NY 11221

Overview

Units
6 residential
Subway
12 min walk to Utica Av A CGates Av J Z, 15 min
Offering price
$5.23 million total $4.71 million when first offered

The sponsor of record is 577 Bed Sty LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The sponsor has filed 3 amendments, the latest in July 2019. The nearest other condo plan on file is 622 Madison Street Condominium, next door.

Plan CD170175 · New · accepted Feb 21, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan6 of 6
Closingsfirst and latest recordedSep 17, 2018 – Oct 28, 2019

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2023: 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 6 closings
HomeRecordedClosing priceSchedule ADifference
1BSep 17, 2018$915,407——
4BSep 20, 2018$807,300——
4AOct 17, 2018$415,000——
2AApr 29, 2019$770,000——
2BMay 10, 2019$935,000——
1AOct 28, 2019$480,000——

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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 Bed Sty LLC

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

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