THE CONDO BOOK PROJECT

617 Warren Street Condominium

617 Warren Street, Brooklyn, NY 11217

Compare

Overview

Units
3 residential
Subway
5 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RBergen St 2 3, 6 min
Principals
Aran Scott, Paula Stolowicz Ras, Daniel Ary Ehrlich Goldstein
Average $/sf
$1,413Homes in Schedule A, as first offered
Common charges
$286–$571 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
Offering price
$7.08 million total $6.15 million when first offered

The sponsor of record is 617 Warren LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 400 pages. The sponsor has filed 2 amendments, the latest in March 2023. The nearest other condo plan on file is 625 Warren Street Condominium, next door.

Plan CD210061 · New · accepted Sep 28, 2021 · AG record ↗

Compare

FigureThis building1266 7th23 units · 0.8 miaccepted 202199 Douglass33 units · 0.6 miaccepted 2020
Common ChargesPer Square Foot / Month$0.25In line$0.40$0.24
Average Offering PricePer Apartment$2.18MIn line$1.73M$2.4M
Average PricePer Square Foot$1,413Below peers$1,468$1,579
Property TaxesPer Square Foot / Month$0.12Lowest$0.41$0.31
Average Unit SizeSquare Feet1,545 SFLarger1,178 SF1,520 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 266 7th and 99 Douglass, cited to the offering plans. No credit card required.

Create a free account
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 A3 of 3
Closing prices vs. Schedule A3 homes: $6,745,000 at closing against $6,550,000 in Schedule A (p. 41)+3%
Average closing price3 homes, on their Schedule A square feet$1,455 / SF
Closingsfirst and latest recordedMay 25, 2023 – Jul 18, 2023

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
1May 25, 2023$3,400,000$3,350,000 p. 41+1.5%
3May 25, 2023$1,650,000$1,600,000 p. 41+3.1%
2Jul 18, 2023$1,695,000$1,600,000 p. 41+5.9%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
617 Warren LLC
Principals
Aran Scott, Paula Stolowicz Ras, Daniel Ary Ehrlich Goldstein
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

Nearby