THE CONDO BOOK PROJECT

Elan Condominium

255 1st Street, Brooklyn, NY 11215

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Overview

Elan is a 32-unit condo in Brooklyn, with 11 parking units.

  • Offering plan: Accepted August 2007 · 300 pages · floor plans on page 176
  • Finishes: 8'11" ceilings, hardwood floors, GE appliances, a washer and dryer in each apartment and through-wall PTAC units for heating and cooling
  • Prices: $32.7 million in all ($29.6 million when first offered)
  • Common charges: $327–$703 a month, the sponsor's first-year estimate
  • Developers: A.D. Capital LLC and Citywide LLC
  • Sponsor: 261 1st Condominium Associates, LLC, represented by Raphael And Marks Attorneys At Law
  • Neighborhood: Park Slope, Brooklyn
  • Subway: 4-minute walk to Union St (R); 9 minutes to 4 Av-9 St (F, G, R)
  • Amendments: 19, the latest in January 2021
  1. SubmittedSeptember 2007
  2. AcceptedAugust 2007
  3. 19 amendments
  4. First sale
  5. Latest sale

Sales

32 of 32homes sold (100%)
Every sale: 32 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 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 Elan'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 →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 7 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
261 1st Condominium Associates, LLC
Developers
A.D. Capital LLC, Citywide LLC
Tax estimate
Metropolitan Valuation ServicesPrepared the first-year real estate tax projection
Construction lender
Builders Bank$13.9 million recorded
General contractor
Foremost ContractingHeld the general construction permit on DOB job 301971711
Title agency
Philip O’Hara Associates, Inc.The sponsor's title company for buyers; you can choose another · Agent for Lawyer's Title Insurance Company of New York · Named on p. 127

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning districts
C4-4D, R6BThe lot is split between two districts, the largest share first
Special district
Special Gowanus Mixed-Use District (G)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project What does the offering plan say about subletting at Elan? Who were Elan's sponsor, attorney and architect?