THE CONDO BOOK PROJECT

680 Greene Avenue Condominium

680 Greene Avenue, Brooklyn, NY 11221

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Overview

Units
4 residential
Subway
12 min walk to Bedford-Nostrand Avs GKingston-Throop Avs C, 14 min
Average $/sf
$1,174Homes in Schedule A, as first offered
Common charges
$399–$648 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2023
Offering price
$4.06 million total

The sponsor of record is 680 Greene Bsd LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 329 pages. The sponsor has filed 1 amendment, the latest in September 2022. The nearest other condo plan on file is 702 Green Avenue Condominium, next door.

Plan CD210313 · New · accepted May 12, 2022 · AG record ↗

Compare

FigureThis building1360 Tompkins24 units · 0.3 miaccepted 2022215 Putnam36 units · 0.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.54Above peers$0.42$0.47
Average Offering PricePer Apartment$1.01MIn line$1.1M$895,667
Average PricePer Square Foot$1,174In line$1,166$1,186
Property TaxesPer Square Foot / Month$0.73In line$0.35$1.21
Average Unit SizeSquare Feet865 SFIn line944 SF755 SF

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Unit mix, closings, budgets, finishes and the team, against 360 Tompkins and 215 Putnam, 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: $2,595,000 at closing against $2,860,000 in Schedule A (p. 31)−9.3%
Average closing price3 homes, on their Schedule A square feet$1,058 / SF
Closingsfirst and latest recordedMar 6, 2023 – May 25, 2023

Sales recorded with the Department of Finance (ACRIS) through Oct 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 4 closings
HomeRecordedClosing priceSchedule ADifference
3Mar 6, 2023$840,000$960,000 p. 31−12.5%
4Mar 28, 2023$875,000$950,000 p. 31−7.9%
2May 19, 2023$880,000$950,000 p. 31−7.4%
GRDNMay 25, 2023$1,160,000——

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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
680 Greene Bsd 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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