232 Adelphi Street Condominium (The Abbey)
232 Adelphi Street, Brooklyn, NY 11205
Overview
The Abbey is a 12-unit condo in Brooklyn.
- Offering plan: Accepted May 2025 · 478 pages · floor plans on pages 220–221
- Finishes: Quartz kitchen countertops, Sub-Zero and Wolf appliances and a washer and dryer in each apartment
- Prices: $1,635 a square foot on average, as first offered; $27 million in all
- Common charges: $514–$1,419 a month, the sponsor's first-year estimate
- Developer: Visabe Corporation; principals Salomon Cojab
- Sponsor: 232 Adelphi Realty Co LLC, represented by Starr Associates, LLP
- Subway: 7-minute walk to Clinton-Washington Avs (G); 9 minutes to Fulton St (G)
- Amendments: 3, the latest in January 2026
- Units
- 12 residential
- Subway
- 7 min walk to Clinton-Washington Avs GFulton St G, 9 min
- Developer
- Visabe Corporation
- Principals
- Salomon Cojab
- Average $/sf
- $1,635Homes in Schedule A, as first offered
- Common charges
- $514–$1,419 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
- Offering price
- $27 million total
- Floor plans
- Pages 220–221 of the plan
- SubmittedAugust 2025
- AcceptedMay 2025
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
12 of 12homes sold (100%)
From city records (ACRIS), through Jun 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do The Abbey's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 744 Park Place28 units · 1.5 miaccepted 2025 | Kibo Residences38 units · 1.8 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.68Highest | $0.35 | $0.48 |
| Average Offering PricePer Apartment | $2.23MIn line | $2.13M | $2.28M |
| Average PricePer Square Foot | $1,635Below peers | $1,686 | $1,657 |
| Average Unit SizeSquare Feet | 1,364 SFIn line | 1,261 SF | 1,378 SF |
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.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 2 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Jan 21, 2026
First Closing occurred on October 27, 2025 for Unit 11; Condominium Board appointed; 3 units remain unsold.
- First Closing took place October 27, 2025 for Unit 11
- Condominium Declaration recorded September 25, 2025 in CRFN 2025000261187
- Floor Plans filed September 10, 2025 as Condominium Plan No. 6259
- Common Charges waived for all Unit Owners from October 27, 2025 to January 1, 2026
- Working Capital Account of approximately $14,039 established at Northfield Bank
- Real estate tax escrow of $95,037.94 deposited with Escrow Agent
- Management agreement entered into with Esquire Management Corporation
- Sponsor has sold 9 Units; 3 Units remain unsold
Amendment 2 Sep 25, 2025
Updated floor plans reflect as-built conditions, title company changed to Continental Abstract Services LLC, and building zip code corrected from 11215 to 11205.
- Updated floor plans for all units and building areas reflecting as-built condition
- Title Company changed to Continental Abstract Services LLC, 1385 Broadway, 22nd Floor, New York, NY 10018
- Building zip code corrected from 11215 to 11205
- Unit appliances updated in Description of Property and Specifications
- Updated Certification of Architect provided
Amendment 1 Aug 22, 2025
Plan declared effective based on receipt of two purchase agreements representing 16% of the twelve units offered.
- Plan declared effective with two bona fide purchase agreements
- Purchase agreements executed for Units 11 (July 29, 2025) and 10 (August 7, 2025)
- Two units represent 16% of the twelve units offered for sale
Team
- Sponsor
- 232 Adelphi Realty Co LLC
- Developer
- Visabe Corporation
- Principals
- Salomon Cojab
- Counsel
- Starr Associates, LLP
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- Israel Discount Bank of New York$10.9 million recorded
- Title agency
- Everest Abstract Services, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 43
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 181 Carlton Condominium0.1 mi · 5 units · 2021
- 186 Clinton Avenue Condominium0.2 mi · 8 units · 2021
- 144 Vanderbilt Avenue Condominium0.2 mi · 26 units · 18 parking · 2024
- 137 Carlton Avenue Condominium0.2 mi · 6 units · 2021
- 153 Lafayette Avenue0.2 mi · 1990
- 39 South Portland Avenue Condominium0.2 mi · 4 units · 2025
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