259 Rutland Condominium
259 Rutland Road, Brooklyn, NY 11225
Overview
259 Rutland is a 10-unit condo in Brooklyn, with 6 parking units.
- Offering plan: Accepted February 2025 · 291 pages · floor plans on page 98
- Finishes: Wood floors, quartz kitchen countertops, Tafisa cabinets, Samsung appliances, a washer and dryer in each apartment, Kohler bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $1,132 a square foot on average, as first offered; $8.87 million in all
- Common charges: $285–$674 a month, the sponsor's first-year estimate
- Sponsor: Es Rutland Group LLC, represented by Eial Girtz, PC
- Subway: 5-minute walk to Winthrop St (2, 5); 7 minutes to Sterling St (2, 5)
- Amendments: 2, the latest in October 2025
- Units
- 10 residential · 6 parking
- Subway
- 5 min walk to Winthrop St 2 5Sterling St 2 5, 7 min
- Average $/sf
- $1,132Homes in Schedule A, as first offered
- Common charges
- $285–$674 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
- Offering price
- $8.87 million total
- Floor plans
- Page 98 of the plan
- SubmittedMay 2025
- AcceptedFebruary 2025
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
10 of 10homes sold (100%)
From city records (ACRIS), through Apr 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 | 131 Madison28 units · 1.7 miaccepted 2025 | 371 Hawthorne38 units · 0.2 miaccepted 2026 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.54In line | $0.69 | $0.49 |
| Average Offering PricePer Apartment | $848,290Highest | $676,000 | $722,500 |
| Average PricePer Square Foot | $1,132Above peers | $1,097 | $978 |
| Average Unit SizeSquare Feet | 750 SFLarger | 616 SF | 739 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Oct 31, 2025
Plan extended 6 months with construction complete; temporary occupancy issued, permanent occupancy expected in 30 days with $10,000 escrowed; 8 units closed or in contract.
- Plan extended for 6 months
- Temporary Certificate of Occupancy issued September 17, 2025; Permanent Certificate expected in approximately 30 days
- $10,000 held in escrow to secure Sponsor's obligation to obtain PCO
- Declaration of Condominium recorded September 18, 2025
- First Unit Closing (Unit 4B) occurred September 29, 2025; Units 2B, 2C, 3A, 3B, 3C, 4A, 5A also closed; Units 2A and 5B in contract
- Construction financing of $3,850,000 from Colorado Federal Savings Bank paid in full; all Units released from pledge
- Working capital account balance $9,513.66; reserve account balance $816.66 (target $4,900.00)
Amendment 1 May 19, 2025
Plan extended 6 months and declared effective after 20% of units entered into contract.
- Plan extended for 6 months
- Plan declared effective on May 14, 2025 based on 2 units in contract (20% of 10 units)
- Units 3C, 3B, and 4A are in contract
- One additional unit entered into contract after plan declared effective
Team
- Sponsor
- Es Rutland Group LLC
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Colorado Federal Savings Bank$3.85 million loan stated in the plan
- Property report
- Jian Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 130
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Alcove Residencesnext door · 9 units · 2023
- 341 Fenimore Street Condominiumnext door · 7 units · 2022
- 246 Maple Street Condominiumnext door · 8 units · 2020
- 229 Hawthorne Street Condominium0.1 mi · 12 units · 6 parking · 2023
- 322 Lincoln Road Condominium0.1 mi · 8 units · 2019
- 406 Fenimore Street Condominium0.2 mi · 6 units · 2022
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