579 Washington Avenue Condominium
579 Washington Avenue, Brooklyn, NY 11238
Overview
- Units
- 16 residential
- Subway
- 4 min walk to Clinton-Washington Avs CClinton-Washington Avs G, 11 min
- Developer
- New Start LLC
- Principals
- Alfred Thompson, Paul Galvin
- Average $/sf
- $262Homes in Schedule A, as first offered
- Common charges
- $104–$263 a monthSponsor's first-year estimate in Schedule A, September 1, 2002 - August 31, 2003
- Offering price
- $3.74 million total
- Floor plans
- Page 15 of the plan
The sponsor of record is 579 Washington Avenue, LLC, represented by Heath Gurinsky. The offering plan runs 149 pages. The sponsor has filed 1 amendment, the latest in September 2002. The nearest other condo plan on file is 925 Pacific Street Condominium, next door.
Plan CD020075 · Rehab · accepted Aug 22, 2002 · AG record ↗
Compare
| Figure | This building1 | Graham225 units · 0.6 miaccepted 2001 | Crown-Bergen316 units · 0.7 miaccepted 2001 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.20Below peers | $0.22 | $0.45 |
| Average Offering PricePer Apartment | $233,938In line | $419,200 | $180,997 |
| Average PricePer Square Foot | $262Lowest | $361 | $358 |
| Property TaxesPer Square Foot / Month | $0.01Lowest | $0.09 | $0.03 |
| Average Unit SizeSquare Feet | 892 SFIn line | 1,162 SF | 505 SF |
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Unit mix, closings, budgets, finishes and the team, against Graham and Crown-Bergen, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.
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- 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.
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Units & Prices
Closings Pro
| Homes closed88% of the homes in Schedule A | 14 of 16 |
| Closing prices vs. Schedule A14 homes: $4,425,350 at closing against $3,315,500 in Schedule A (p. 13) | +33.5% |
| Average closing price14 homes, on their Schedule A square feet | $357 / SF |
| Closingsfirst and latest recorded | Dec 5, 2002 – Aug 26, 2022 |
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 14 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2A | Dec 5, 2002 | $139,425 | $137,500 p. 13 | +1.4% |
| 1B | Dec 17, 2002 | $319,410 | $350,000 p. 13 | −8.7% |
| 3A | Dec 30, 2002 | $139,425 | $137,500 p. 13 | +1.4% |
| 2B | Jan 21, 2003 | $233,220 | $230,000 p. 13 | +1.4% |
| 1D | Feb 21, 2003 | $334,620 | $330,000 p. 13 | +1.4% |
| 3C | Mar 7, 2003 | $177,450 | $175,000 p. 13 | +1.4% |
| 4D | Mar 11, 2003 | $339,690 | $335,000 p. 13 | +1.4% |
| 3B | Mar 18, 2003 | $228,150 | $230,000 p. 13 | −0.8% |
| 4A | May 1, 2003 | $141,960 | $145,500 p. 13 | −2.4% |
| 3D | May 6, 2005 | $535,000 | $330,000 p. 13 | +62.1% |
| 2C | Mar 15, 2006 | $415,000 | $175,000 p. 13 | +137.1% |
| 2D | Sep 5, 2006 | $572,000 | $330,000 p. 13 | +73.3% |
| 4B | Oct 26, 2006 | $240,000 | $240,000 p. 13 | 0% |
| 1C | Aug 26, 2022 | $610,000 | $170,000 p. 13 | +258.8% |
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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
- 579 Washington Avenue, LLC
- Developer
- New Start LLC
- Principals
- Alfred Thompson, Paul Galvin
- Counsel
- Heath Gurinsky
- Tax estimate
- Alfred ThompsonPrepared the first-year real estate tax projection
- Construction lender
- JPMorgan Chase Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 925 Pacific Street Condominiumnext door · 10 units · 2006
- Washington 587next door · 4 units · 2008
- 618 Washington Avenue Condominiumnext door · 10 units · 6 parking · 2013
- 591 Washington Avenue Condominiumnext door · 5 units · 2014
- 904 Pacific Street Condominiumnext door · 21 units · 12 parking · 2009
- 935 Pacific Street Condominiumnext door · 15 units · 2006