THE CONDO BOOK PROJECT

610 Warren Street Condominium

610 Warren Street, Brooklyn, NY 11217

Overview

Units
31 residential · 16 parking · 31 storage
Subway
5 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RUnion St R, 7 min
Developer
Adam America
Principals
Dvir Cohen Hoshen, Omri Sachs, Gil Cygler, Tomer Yogev, Ron Vaksin
Average $/sf
$1,300Homes in Schedule A, as first offered
Common charges
$427–$1,268 a monthSponsor's first-year estimate in Schedule A, January 1, 2017 - December 31, 2017
Offering price
$47.6 million total $49 million when first offered

The sponsor of record is 610 Warren Property, LLC, represented by Marans, Weisz & Newman LLC. The offering plan runs 336 pages. The sponsor has filed 20 amendments, the latest in July 2024. The nearest other condo plan on file is 601 Baltic Condominium, next door.

Plan CD150253 · New · accepted May 27, 2016 · AG record ↗

Compare

FigureThis building1Waverly Brooklyn248 units · 0.8 miaccepted 2016211 Schermerhorn348 units · 0.6 miaccepted 2017
Common ChargesPer Square Foot / Month$0.62Lowest$0.92$1.22
Average Offering PricePer Apartment$1.51MIn line$943,192$1.71M
Average PricePer Square Foot$1,300In line$1,030$1,360
Property TaxesPer Square Foot / Month$0.10In line$0.07$0.71
Average Unit SizeSquare Feet1,162 SFIn line916 SF1,258 SF

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Unit mix, closings, budgets, finishes and the team, against Waverly Brooklyn and 211 Schermerhorn, 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 A31 of 31
Closing prices vs. Schedule A17 homes: $24,668,124 at closing against $24,380,000 in Schedule A (p. 30)+1.2%
Average closing price17 homes, on their Schedule A square feet$1,333 / SF
Closingsfirst and latest recordedOct 30, 2017 – Apr 9, 2019

Sales recorded with the Department of Finance (ACRIS) through Jul 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 33 closings
HomeRecordedClosing priceSchedule ADifference
PH-AOct 30, 2017$2,336,884$2,295,000 p. 30+1.8%
PH-GOct 30, 2017$1,765,969$1,750,000 p. 30+0.9%
PH-EOct 31, 2017$1,573,196$1,525,000 p. 30+3.2%
2FNov 3, 2017$1,306,817$1,295,000 p. 30+0.9%
RT-1Nov 3, 2017$127,281——
PH-FNov 14, 2017$1,827,759$1,700,000 p. 30+7.5%
5ENov 15, 2017$1,018,250$1,000,000 p. 30+1.8%
GDN-BNov 16, 2017$1,883,763——
2ANov 21, 2017$1,917,338$1,900,000 p. 30+0.9%
2ENov 27, 2017$960,000$950,000 p. 30+1.1%
3DNov 28, 2017$970,000$970,000 p. 300%
PH-CNov 28, 2017$2,556,538$2,350,000 p. 30+8.8%
3EDec 1, 2017$978,851$970,000 p. 30+0.9%
2DDec 29, 2017$5,238,255one deed, 8 homes$1,000,000 p. 30—
3CDec 29, 2017$5,238,255one deed, 8 homes$1,250,000 p. 30—
4ADec 29, 2017$5,238,255one deed, 8 homes$1,900,000 p. 30—
4CDec 29, 2017$5,238,255one deed, 8 homes$1,550,000 p. 30—
4FDec 29, 2017$5,238,255one deed, 8 homes$1,350,000 p. 30—
5CDec 29, 2017$5,238,255one deed, 8 homes$1,275,000 p. 30—
5FDec 29, 2017$5,238,255one deed, 8 homes$1,375,000 p. 30—
PH-BDec 29, 2017$5,238,255one deed, 8 homes$2,750,000 p. 30—
3AJan 19, 2018$1,929,584$1,895,000 p. 30+1.8%
4EJan 26, 2018$990,000$990,000 p. 300%
5DJan 26, 2018$997,249$1,000,000 p. 30−0.3%
4DMar 8, 2018$990,000$990,000 p. 300%
2CApr 9, 2018$3,456,930one deed, 3 homes$1,650,000 p. 30—
4BApr 9, 2018$3,456,930one deed, 3 homes$1,600,000 p. 30—
5AApr 9, 2018$3,456,930one deed, 3 homes$1,925,000 p. 30—
GDN-AApr 9, 2018$3,456,930one deed, 3 homes——
2BApr 18, 2018$1,320,699$1,475,000 p. 30−10.5%
3FApr 18, 2018$1,228,992$1,325,000 p. 30−7.2%
RT-3Nov 15, 2018$1,535,000——
RT-2Apr 9, 2019$35,490——

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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
610 Warren Property, LLC
Developer
Adam AmericaReported by brownstoner.com
Principals
Dvir Cohen Hoshen, Omri Sachs, Gil Cygler, Tomer Yogev, Ron Vaksin
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Pacific Western Bank$18.1 million recorded

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

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