THE CONDO BOOK PROJECT

627 Halsey Street Condominium

627 Halsey Street, Brooklyn, NY 11233

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Overview

Units
4 residential
Subway
10 min walk to Utica Av A CRalph Av C, 12 min
Average $/sf
$1,036Homes in Schedule A, as first offered
Offering price
$3.29 million total

The sponsor of record is Sds Halsey St LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 311 pages. The sponsor has filed 1 amendment, the latest in August 2022. The nearest other condo plan on file is 702 Hancock Street Condominium, next door.

Plan CD200313 · New · accepted Jun 17, 2021 · AG record ↗

Compare

FigureThis building1289 Kosciuszko24 units · 1 miaccepted 202111a Somers34 units · 0.8 miaccepted 2021
Common ChargesPer Square Foot / Month$0.65Highest$0.54$0.55
Average Offering PricePer Apartment$823,750In line$897,500$807,500
Average PricePer Square Foot$1,036In line$1,083$926
Average Unit SizeSquare Feet796 SFSmaller829 SF872 SF

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Unit mix, closings, budgets, finishes and the team, against 289 Kosciuszko and 11a Somers, 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 A3 homes: $2,410,000 at closing against $2,400,000 in Schedule A (p. 32)+0.4%
Average closing price3 homes, on their Schedule A square feet$962 / SF
Closingsfirst and latest recordedNov 4, 2022 – Aug 23, 2023

Sales recorded with the Department of Finance (ACRIS) through Jan 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Nov 4, 2022$790,000$750,000 p. 32+5.3%
3Nov 23, 2022$770,000$825,000 p. 32−6.7%
1May 31, 2023$883,994——
4Aug 23, 2023$850,000$825,000 p. 32+3%

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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.

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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
Sds Halsey St LLC
Tax estimate
Empire Consulting Service, Inc.Prepared the first-year real estate tax projection

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

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