THE CONDO BOOK PROJECT

286 1st Street Condominium

286 1st Street, Brooklyn, NY 11215

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Overview

286 1st Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted October 2024 · 346 pages · floor plans on page 26
  • Finishes: Hardwood floors, quartz kitchen countertops, painted wood cabinets, Bosch appliances, a washer and dryer in each apartment, Phylrich bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,490 a square foot on average, as first offered; $6.97 million in all ($6.88 million when first offered)
  • Common charges: $443–$1,025 a month, the sponsor's first-year estimate
  • Sponsor: 286 1st St LLC, represented by Marcus Attorneys, Pllc; principals Claire Wright and Thomas Panitz
  • Neighborhood: Park Slope, Brooklyn
  • Subway: 5-minute walk to Union St (R); 10 minutes to 4 Av-9 St (F, G, R)
  • Amendments: 1, the latest in March 2025
  1. SubmittedMarch 2025
  2. AcceptedOctober 2024
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

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)

Ask Claude or ChatGPT: How do 286 1st Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 3 homes.

Each home's estimate, city bills and tax breaksSee it free →

Compare

FigureThis building1668 Baltic23 units · 0.4 miaccepted 2024295 12th32 units · 0.5 miaccepted 2025
Common ChargesPer Square Foot / Month$0.50Highest$0.28$0.40
Average Offering PricePer Apartment$2.29MBelow peers$2.84M$2.35M
Average PricePer Square Foot$1,490Below peers$1,554$1,599
Average Unit SizeSquare Feet1,541 SFIn line1,826 SF1,470 SF
Unit mix, amenities, finishes, utilities and operating costs against 668 Baltic and 295 12thUnlock the rest with a free account
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 plan lists what a buyer pays at closing.

All 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Mar 5, 2025

Amendment updates unit prices, revises architect's report on building systems and finishes, amends floor plans, sets first closing date to May 1, 2025, and documents temporary certificate of occupancy issued March 18, 2025.

  • Unit 2 price raised from $1,735,000 to $1,775,000
  • Unit 3 price raised from $2,650,000 to $2,700,000
  • First unit closing projected for on or about May 1, 2025
  • Temporary certificate of occupancy issued March 18, 2025
  • Building renovations substantially completed in March 2025
  • Entry door changed to pair of painted solid wood doors with glass lites and electronic release
  • Laundry room floor finish revised to WDF
  • Kitchen hood changed to model #EPR628S1 by Elica
What the amendment changed, line by lineSee it free →

Team

Sponsor
286 1st St LLC
Principals
Claire Wright, Thomas Panitz
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Title agency
Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 144

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

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The Condo Book Project Are 286 1st Street's common charges high for the area? Yes, they're on the high side. 286 1st Street budgets $0.50 per square foot a month, against a $0.36 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?