Crown 601 Condominium
601 Crown Street, Brooklyn, NY 11213
Overview
- Units
- 27 residential
- Subway
- 9 min walk to Crown Hts-Utica Av 3 4Kingston Av 3, 10 min
- Developers
- Zarasai Group LLC, Pinnacle Holding XXXV LLC
- Principals
- Joel Wiener, Sherry Wiener
- Average $/sf
- $879Homes in Schedule A, as first offered
- Common charges
- $473–$1,006 a monthSponsor's first-year estimate in Schedule A, July 1, 2018 - June 30, 2019
- Offering price
- $16.4 million total $17.6 million when first offered
The sponsor of record is 601 Crown LLC, represented by Pryor Cashman, LLP. The offering plan runs 501 pages. The sponsor has filed 21 amendments, the latest in October 2022. The nearest other condo plan on file is Crown Plaza Condominium, next door.
Plan CD160097 · Conversion · accepted Sep 15, 2017 · AG record ↗
Compare
| Figure | This building1 | Presidio220 units · 1.7 miaccepted 2017 | Brooklyn Flats336 units · 1.4 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.93Above peers | $0.82 | $0.47 |
| Average Offering PricePer Apartment | $642,115Below peers | $675,600 | $789,883 |
| Average PricePer Square Foot | $879In line | $956 | $855 |
| Property TaxesPer Square Foot / Month | $0.21In line | $0.34 | $0.21 |
| Average Unit SizeSquare Feet | 730 SFIn line | 707 SF | 924 SF |
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Unit mix, closings, budgets, finishes and the team, against Presidio and Brooklyn Flats, 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 closed100% of the homes in Schedule A | 26 of 26 |
| Closing prices vs. Schedule A7 homes: $3,079,811 at closing against $4,148,000 in Schedule A (p. 41) | −25.8% |
| Average closing price7 homes, on their Schedule A square feet | $651 / SF |
| Closingsfirst and latest recorded | Jun 24, 2019 – Jul 31, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 26 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| B2 | Jun 24, 2019 | $445,000 | — | — |
| B4 | Jun 24, 2019 | $395,000 | — | — |
| B6 | Jun 26, 2019 | $547,500 | — | — |
| A6 | Jun 27, 2019 | $575,311 | $698,000 p. 41 | −17.6% |
| A3 | Aug 7, 2019 | $437,500 | $435,000 p. 41 | +0.6% |
| B5 | Apr 28, 2020 | $374,000 | — | — |
| C3 | Oct 8, 2020 | $485,000 | $700,000 p. 41 | −30.7% |
| D4 | Dec 23, 2020 | $380,000 | $521,000 p. 41 | −27.1% |
| C2 | Apr 20, 2022 | $365,000 | $490,000 p. 41 | −25.5% |
| C6 | Jun 6, 2024 | $487,000 | $875,000 p. 41 | −44.3% |
| D5 | Jan 9, 2025 | $350,000 | $429,000 p. 41 | −18.4% |
| B3 | Feb 3, 2025 | $430,000 | — | — |
| A1 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $759,000 p. 41 | — |
| A2 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $609,000 p. 41 | — |
| A4 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $624,000 p. 41 | — |
| A5 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $490,000 p. 41 | — |
| B1 | Jul 31, 2026 | $1,608,400one deed, 12 homes | — | — |
| B7 | Jul 31, 2026 | $1,608,400one deed, 12 homes | — | — |
| C1 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $686,000 p. 41 | — |
| C4 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $552,000 p. 41 | — |
| C5 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $454,000 p. 41 | — |
| C7 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $1,008,000 p. 41 | — |
| D1 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $647,000 p. 41 | — |
| D2 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $462,000 p. 41 | — |
| D3 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $662,000 p. 41 | — |
| D6 | Jul 31, 2026 | $1,608,400one deed, 12 homes | $829,000 p. 41 | — |
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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
- 601 Crown LLC
- Developers
- Zarasai Group LLC, Pinnacle Holding XXXV LLC
- Principals
- Joel Wiener, Sherry Wiener
- Counsel
- Pryor Cashman, LLP
- Construction lender
- New York Community BankLender on the mortgage and building loan agreement recorded February 2014 in ACRIS; $2.27 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Crown Plaza Condominiumnext door · 76 units · 66 parking · 2007
- Albany Avenue Estates0.2 mi · 13 units · 7 parking · 2011
- 866 Eastern Parkway0.2 mi · 23 units · 2003
- 744 Lefferts Condominiums0.2 mi · 7 units · 2020
- 881-83 Eastern Parkway Condominium0.3 mi · 4 units · 2000
- 282 Troy Avenue Condominium0.3 mi · 4 units · 2016