959 Madison Street Condominium
959 Madison Street, Brooklyn, NY 11221
Overview
- Units
- 8 residential · 1 commercial
- Subway
- 5 min walk to Gates Av J ZHalsey St J, 6 min
- Principals
- Arie Bar Chaim
- Offering price
- $10.5 million total $9.78 million when first offered
- Floor plans
- Page 13 of the plan
The sponsor of record is Bushwick Development Group LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 392 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is 984 Madison Street Condominium, next door.
Plan CD220040 · New · accepted Dec 20, 2022 · AG record ↗
Compare
| Figure | This building1 | 702 Hancock28 units · 0.5 miaccepted 2024 | 46 Kossuth Place310 units · 0.5 miaccepted 2022 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.22MAbove peers | $1.14M | $922,200 |
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Unit mix, closings, budgets, finishes and the team, against 702 Hancock and 46 Kossuth Place, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.
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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.
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Closings Pro
| Homes closed100% of the homes in the plan | 8 of 8 |
| Closingsfirst and latest recorded | Jul 17, 2023 – Jun 7, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Jul 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 8 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4A | Jul 17, 2023 | $910,000 | — | — |
| 2B | Jul 19, 2023 | $1,100,000 | — | — |
| 2A | Jul 26, 2023 | $829,874 | — | — |
| 5B | Aug 15, 2023 | $825,000 | — | — |
| 5A | Aug 21, 2023 | $715,000 | — | — |
| 3B | Aug 31, 2023 | $1,100,000 | — | — |
| 3A | Apr 3, 2024 | $650,000 | — | — |
| 4B | Jun 7, 2024 | $700,000 | — | — |
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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.
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
- Bushwick Development Group LLC
- Principals
- Arie Bar Chaim
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$4.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 984 Madison Street Condominiumnext door · 18 units · 10 parking · 2018
- 1060 Putnam Avenue Condominium0.1 mi · 6 units · 2007
- 849 Madison Court Condominium0.1 mi · 7 units · 2022
- 832 Monroe Street Condominium0.2 mi · 7 units · 2021
- 1060 Jefferson Condominium0.2 mi · 10 units · 2022
- Hastings House0.2 mi · 10 units · 2022