THE CONDO BOOK PROJECT

581 Putnam Avenue Condominium

581 Putnam Avenue, Brooklyn, NY 11238

Overview

Units
4 residential
Subway
11 min walk to Kingston-Throop Avs CUtica Av A C, 14 min
Offering price
$3.51 million total $3.79 million when first offered

The sponsor of record is 581 Putnam Avenue LLC, represented by Marcus Attorneys. The sponsor has filed 4 amendments, the latest in March 2017. The nearest other condo plan on file is 583 Putnam Avenue Condominium, next door.

Plan CD160033 · Rehab · accepted May 2, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedDec 22, 2016 – May 15, 2017

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
3Dec 22, 2016$925,000——
2Jan 24, 2017$814,600——
4Apr 13, 2017$822,437——
1May 15, 2017$952,064——

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
581 Putnam Avenue LLC
Construction lender
Sm FinanceLender on the mortgage and building loan agreement recorded April 2015 in ACRIS

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

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