659 Putnam Avenue Condominium
659 Putnam Avenue, Brooklyn, NY 11221
Overview
- Units
- 4 residential
- Subway
- 12 min walk to Utica Av A CKingston-Throop Avs C, 14 min
- Developer
- ANM Group
- Principals
- Moses Gross
- Average $/sf
- $1,120Homes in Schedule A, as first offered
- Common charges
- $229–$250 a monthSponsor's first-year estimate in Schedule A, 1/1/2021 - 12/31/2021
- Offering price
- $3.68 million total $2 million when first offered
- Floor plans
- Pages 152–153 of the plan
The sponsor of record is Putnam Vi Realty LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 320 pages. The sponsor has filed 5 amendments, the latest in September 2023. The nearest other condo plan on file is 667 Putnam Avenue Condominium, next door.
Plan CD190264 · Rehab · accepted Sep 1, 2020 · AG record ↗
Compare
| Figure | This building1 | 1007 Bergen24 units · 1.2 miaccepted 2020 | 127 Putnam36 units · 1.2 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.30In line | $0.25 | $0.33 |
| Average Offering PricePer Apartment | $900,000Below peers | $1.28M | $988,333 |
| Average PricePer Square Foot | $1,120In line | $1,100 | $1,213 |
| Property TaxesPer Square Foot / Month | $0.69Highest | $0.41 | $0.18 |
| Average Unit SizeSquare Feet | 803 SFSmaller | 1,163 SF | 815 SF |
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Unit mix, closings, budgets, finishes and the team, against 1007 Bergen and 127 Putnam, 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 | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $3,440,000 at closing against $3,600,000 in Schedule A (p. 33) | −4.4% |
| Average closing price4 homes, on their Schedule A square feet | $1,071 / SF |
| Closingsfirst and latest recorded | Dec 8, 2023 – Apr 18, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Mar 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.
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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
- Putnam Vi Realty LLC
- Developer
- ANM Group
- Principals
- Moses Gross
- Tax estimate
- Empire Consulting Service, IncPrepared the first-year real estate tax projection
- Construction lender
- Bayport Funding$1.78 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 667 Putnam Avenue Condominiumnext door · 4 units · 2018
- Eco-Condos On Jeffersonnext door · 4 units · 2009
- 569 Jefferson Condominiumnext door · 3 units · 2021
- 577 Madison Street Condominiumnext door · 6 units · 2018
- Adler Condominiumnext door · 4 units · 2019
- 622 Madison Street Condominiumnext door · 4 units · 2019