58 Gerry Street Condominium
58 Gerry Street, Brooklyn, NY 11206
Overview
- Units
- 23 residential · 1 commercial
- Subway
- 3 min walk to Flushing Av GLorimer St J M, 5 min
- Principals
- Abraham Brach
- Average $/sf
- $749Homes in Schedule A, as first offered
- Offering price
- $39.4 million total $34.1 million when first offered
- Floor plans
- Page 27 of the plan
The sponsor of record is 58 Gerry St LLC, represented by Law Firm Of Jay Lichtman P.C.. The offering plan runs 431 pages. The sponsor has filed 3 amendments, the latest in May 2021. The nearest other condo plan on file is 66 Gerry Street Condominium, next door.
Plan CD190238 · New · accepted May 18, 2020 · AG record ↗
Compare
| Figure | This building1 | 25 Bartlett218 units · 0 miaccepted 2020 | Cascade D339 units · 0.4 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.25Below peers | $0.26 | $0.32 |
| Average Offering PricePer Apartment | $1.48MAbove peers | $1.48M | $913,250 |
| Average PricePer Square Foot | $749Above peers | $728 | $650 |
| Average Unit SizeSquare Feet | 1,982 SFIn line | 2,030 SF | 1,405 SF |
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Unit mix, closings, budgets, finishes and the team, against 25 Bartlett and Cascade D, cited to the offering plans. No credit card required.
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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.
Units & Prices
Closings Pro
| Homes closed91% of the homes in Schedule A | 21 of 23 |
| Closing prices vs. Schedule A21 homes: $23,526,854 at closing against $30,711,000 in Schedule A (p. 42) | −23.4% |
| Average closing price21 homes, on their Schedule A square feet | $577 / SF |
| Closingsfirst and latest recorded | Nov 30, 2020 – Nov 29, 2021 |
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 21 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2B | Nov 30, 2020 | $1,765,815 | $2,201,250 p. 42 | −19.8% |
| 2A | Dec 8, 2020 | $990,000 | $1,654,500 p. 42 | −40.2% |
| 5C | Dec 28, 2020 | $997,885 | $1,645,500 p. 42 | −39.4% |
| 5B | Jan 6, 2021 | $1,290,632 | $1,267,500 p. 42 | +1.8% |
| 5A | Jan 7, 2021 | $999,000 | $1,386,750 p. 42 | −28% |
| 3D | Jan 14, 2021 | $990,000 | $1,538,250 p. 42 | −35.6% |
| 6B | Jan 26, 2021 | $968,000 | $1,267,500 p. 42 | −23.6% |
| 3C | Feb 24, 2021 | $733,140 | $1,645,500 p. 42 | −55.4% |
| 7B | Feb 25, 2021 | $992,000 | $1,109,250 p. 42 | −10.6% |
| 4C | Mar 2, 2021 | $733,140 | $1,645,500 p. 42 | −55.4% |
| 5D | May 4, 2021 | $1,578,288 | $1,538,250 p. 42 | +2.6% |
| 4B | May 12, 2021 | $1,518,750 | $1,267,500 p. 42 | +19.8% |
| 6A | May 12, 2021 | $1,240,000 | $1,386,750 p. 42 | −10.6% |
| 7C | Jun 10, 2021 | $995,000 | $1,395,000 p. 42 | −28.7% |
| 4A | Jul 20, 2021 | $886,488 | $1,386,750 p. 42 | −36.1% |
| 7D | Aug 31, 2021 | $1,426,875 | $1,254,750 p. 42 | +13.7% |
| 3B | Oct 19, 2021 | $1,290,632 | $1,267,500 p. 42 | +1.8% |
| 4D | Oct 21, 2021 | $733,140 | $1,538,250 p. 42 | −52.3% |
| 7A | Nov 9, 2021 | $995,000 | $1,131,000 p. 42 | −12% |
| 6C | Nov 24, 2021 | $763,688 | $1,645,500 p. 42 | −53.6% |
| 6D | Nov 29, 2021 | $1,639,383 | $1,538,250 p. 42 | +6.6% |
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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
- 58 Gerry St LLC
- Principals
- Abraham Brach
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- 58 Gerry Street 1
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 66 Gerry Street Condominiumnext door · 3 units · 2026
- 60 Gerry Street Condominiumnext door · 3 units · 2026
- 25 Bartlett Condominiumnext door · 18 units · 2020
- 77 Gerry Street Condominiumnext door · 4 units · 2025
- 16 Bartlett Street Condominiumnext door · 10 units · 2020
- 352 Wallabout Street Condominiumnext door · 58 units · 1 parking · 2024