322 Wallabout Street Condominium
322 Wallabout Street, Brooklyn, NY 11206
Overview
322 Wallabout Street is a new 38-unit condo in Brooklyn, with 1 parking unit and 1 commercial unit.
- Offering plan: Accepted July 2024 · 659 pages · floor plans on page 101
- Finishes: 10'4" ceilings, engineered wood floors, laminate kitchen countertops, laminated wood cabinets, washer/dryer hook-ups and a VRF heat pump system for heating and cooling
- Prices: $1,081 a square foot on average, as first offered; $84.1 million in all ($86.7 million when first offered)
- Common charges: $346–$1,108 a month, the sponsor's first-year estimate
- Developers: Galaxy Developers LLC and The Rabsky Group; principals Shimon Dushinsky and Hersh Rosenberg
- Sponsor: Wallabout Realty Corp., represented by Jeffrey Zwick & Associates, P.C.
- Neighborhood: Williamsburg, Brooklyn
- Subway: 1-minute walk to Flushing Av (G); 7 minutes to Lorimer St (J, M)
- Amendments: 1, the latest in March 2025
- Other filings: NA230110 (no-action filing, filed 2023)
- Units
- 38 residential · 1 parking · 1 commercial
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 1 min walk to Flushing Av GLorimer St J M, 7 min
- Developers
- Galaxy Developers LLC, The Rabsky Group
- Principals
- Shimon Dushinsky, Hersh Rosenberg
- Average $/sf
- $1,081Homes in Schedule A, as first offered
- Common charges
- $346–$1,108 a monthSponsor's first-year estimate in Schedule A, October 1, 2024 – September 30, 2025
- Offering price
- $84.1 million total $86.7 million when first offered
- Floor plans
- Page 101 of the plan
- SubmittedMarch 2025
- AcceptedJuly 2024
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
12 of 38homes sold (32%)
From city records (ACRIS), through Jul 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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 | 352 Wallabout258 units · 0.1 miaccepted 2024 | 600 & 610 Dekalb370 units · 0.7 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.29Lowest | $0.37 | $0.40 |
| Average Offering PricePer Apartment | $2.21MHighest | $1.59M | $1.59M |
| Average PricePer Square Foot | $1,081Above peers | $1,031 | $1,018 |
| Average Unit SizeSquare Feet | 2,047 SFLargest | 1,537 SF | 1,549 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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Mar 10, 2025
Plan declared effective; seven units combined into two tax lots reducing total to 33 units; prices updated for two units.
- Plan declared effective with 6 contracts out of 38 initial units (~15%)
- Seven units combined into two tax lots: Units 3A, 4A, 5A, 6A become G2; Units 3B, 4B, 4C become G1
- Total residential units reduced from 38 to 33
- New units G1 and G2 may not be subdivided or rented prior to plan consummation
- Unit 6B price: $1,300,000
- Unit 7A price: $1,350,000
- Revised floor plans and architect addendum provided as Exhibit B
- Updated Schedule A provided as Exhibit C
- Schedule A prices increased for 2 homes (median +2.0%): 6B $1,275,000 → $1,300,000; 7A $1,325,000 → $1,350,000
Team
- Sponsor
- Wallabout Realty Corp.
- Developers
- Galaxy Developers LLC, The Rabsky Group
- Principals
- Shimon Dushinsky, Hersh Rosenberg
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lender
- Bank LeumiLender on the mortgage and building loan agreement recorded March 2022 in ACRIS
- General contractor
- Galaxy DevelopersHeld the general construction permit on DOB NOW job B00497203
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R8A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 330 Wallabout Street Condominiumnext door · 48 units · 1 parking · 2024
- 342 Wallabout Street Condominiumnext door · 60 units · 1 parking · 2024
- 352 Wallabout Street Condominiumnext door · 58 units · 1 parking · 2024
- 37 Walton Street Condominium0.1 mi · 24 units · 2026
- 58 Gerry Street Condominium0.1 mi · 23 units · 2020
- 25 Bartlett Condominium0.1 mi · 18 units · 2020
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