THE CONDO BOOK PROJECT

583 Putnam Avenue Condominium

583 Putnam Avenue, Brooklyn, NY 11221

Overview

Units
4 residential
Subway
11 min walk to Kingston-Throop Avs CUtica Av A C, 14 min
Principals
Helena A. Harow, Pegi R. Medioni
Average $/sf
$1,204Homes in Schedule A, as first offered
Offering price
$4.22 million total

The sponsor of record is Ph Holdings, LLC, represented by Eial Girtz, PC. The offering plan runs 262 pages. The sponsor has filed 2 amendments, the latest in March 2026. The nearest other condo plan on file is 581 Putnam Avenue Condominium, next door.

Plan CD230062 · New · accepted Sep 3, 2024 · AG record ↗

Compare

FigureThis building1387 Decatur24 units · 0.6 miaccepted 2024226 Putnam35 units · 0.8 miaccepted 2024
Common ChargesPer Square Foot / Month$0.63In line$0.54$0.72
Average Offering PricePer Apartment$1.06MAbove peers$987,500$920,000
Average PricePer Square Foot$1,204In line$1,173$1,217
Average Unit SizeSquare Feet877 SFLarger842 SF756 SF

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Unit mix, closings, budgets, finishes and the team, against 387 Decatur and 226 Putnam, cited to the offering plans. No credit card required.

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How We Got This
  • 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.

Closings Pro

Homes closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $3,940,263 at closing against $4,224,000 in Schedule A (p. 45)−6.7%
Average closing price4 homes, on their Schedule A square feet$1,124 / SF
Closingsfirst and latest recordedApr 11, 2025 – May 13, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Apr 11, 2025$920,000$925,000 p. 45−0.5%
1May 22, 2025$1,125,263$1,150,000 p. 45−2.2%
4May 5, 2026$1,050,000$1,250,000 p. 45−16%
3May 13, 2026$845,000$899,000 p. 45−6%

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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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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
Ph Holdings, LLC
Principals
Helena A. Harow, Pegi R. Medioni
Tax estimate
Law Offices of Farhid Sedaghat - Pour, Esq., PLLCPrepared the first-year real estate tax projection
Construction lender
Country Bank$1.4 million loan stated in the plan

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

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