THE CONDO BOOK PROJECT

658 Washington Avenue Condominium

658 Washington Avenue, Brooklyn, NY 11238

Overview

Units
3 residential · 1 commercial
Subway
7 min walk to Clinton-Washington Avs CPark Pl S, 10 min
Principals
Arie Bar Chaim, Tian Dong Zheng, Roy Gerstner
Offering price
$4.82 million total

The sponsor of record is 658 Washington Ave Development LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 385 pages. The nearest other condo plan on file is 737 Bergen Street Condominium, next door.

Plan CD220235 · Rehab · accepted Feb 14, 2024 · AG record ↗

Compare

FigureThis building1Six Garfield Place23 units · 1.1 miaccepted 2024171 Luquer34 units · 1.8 miaccepted 2024
Average Offering PricePer Apartment$1.61MIn line$1.84M$1.6M

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Unit mix, closings, budgets, finishes and the team, against Six Garfield Place and 171 Luquer, 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 closed33% of the homes in the plan1 of 3
Closingsfirst and latest recordedDec 5, 2024

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2025: 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 1 closings
HomeRecordedClosing priceSchedule ADifference
4Dec 5, 2024$2,400,000——

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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
658 Washington Ave Development LLC
Principals
Arie Bar Chaim, Tian Dong Zheng, Roy Gerstner
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
AFP New York Investments$1.1 million recorded

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

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