THE CONDO BOOK PROJECT

585 Union Avenue Condominium

585 Union Avenue, Brooklyn, NY 11211

Overview

Units
8 residential
Subway
6 min walk to Metropolitan Av/Lorimer St G LBedford Av L, 6 min
Offering price
$17.5 million total $17.3 million when first offered

The sponsor of record is Union Avenue Development LLC, represented by Hirschen Singer & Epstein LLP. The sponsor has filed 3 amendments, the latest in October 2021. The nearest other condo plan on file is Roebling View North Condominium, next door.

Plan CD180273 · New · accepted Oct 18, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan8 of 8
Closingsfirst and latest recordedAug 16, 2021 – Mar 8, 2022

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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 8 closings
HomeRecordedClosing priceSchedule ADifference
THAug 16, 2021$3,531,261——
3BAug 20, 2021$1,711,785——
PHBSep 1, 2021$3,395,000——
4BSep 2, 2021$1,729,000——
2ASep 15, 2021$975,000——
3ASep 24, 2021$999,000——
4ASep 24, 2021$1,053,889——
PHAMar 8, 2022$4,000,000——

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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
Union Avenue Development LLC
Construction lender
Popular BankLender on the mortgage and building loan agreement recorded November 2017 in ACRIS; $6.5 million recorded

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

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