352 Wallabout Street Condominium

The Building

Fine Print

What's Specific to It

• Only big layouts. There are no studios, one- or two-bedrooms. Every home is a three-bedroom, two-bath or a four-bedroom with two or two and a half baths.
• A cleaned-up site with lasting rules. The land carries city "E" designations for hazardous materials, air quality and noise. Some contamination stays in place under a vapor barrier and cover, and a site management plan applies to all future owners.
• The apartments sit inside a larger condo. The building was already a condo with three units: a commercial unit, a parking unit and one residential "master unit." The plan splits the master unit into the 58 apartments.
• The retail and garage belong to a sponsor affiliate. Harrison Realty LLC, which shares a principal with the sponsor, owns the commercial floors and the garage.
• Part of a five-building project. The sponsor's principal is also building condos at 342, 330 and 322 Wallabout Street and an affordable rental at 15 Gerry Street, all on one zoning lot.

Listings for 352 Wallabout Street show the apartments. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.

Fine Print Worth Knowing

• Environmental controls. The site was rezoned from manufacturing under the Pfizer Sites Rezoning. Leftover gasoline compounds are being treated with chemical injections, and mercury stays sealed under the foundation cover. Three systems vent soil gas from under the slab. Groundwater can't be used, there's no gardening in open areas, the building can't be enlarged, and an engineer inspects it every year. Owners pay for the inspections through common charges, about $950 a year.
• Keep the windows shut for quiet. The noise designation requires a "closed window condition" on the facades facing Flushing Avenue traffic, and air conditioning provides the ventilation.
• Sponsor control. The sponsor names the board for up to five years. After that, the commercial and parking owner elects two of five seats, and the sponsor votes its unsold apartments. The bylaws give one vote per apartment.
• Sponsor veto. For five years, or until unsold units fall below 25%, the board needs the sponsor's approval to change staff, services or insurance, add to the reserve, or borrow.
• The commercial floors. Harrison Realty LLC can use the commercial unit for any legal purpose and subdivide it, and the board can't restrict it. The plan says the future uses aren't known. The finish schedule does list signage for a "shul" (synagogue) lobby.
• No backup power. The architect's report says there's no generator.
• Contract terms. Disputes go to arbitration, with no jury trial. There's no mortgage contingency unless the sponsor agrees. The housing merchant implied warranty doesn't apply, and no smoking or vaping is allowed anywhere on the property.

FAQ

How much are common charges at 352 Wallabout Street?

Under the sponsor's first-year projection, about $440 to $760 a month depending on the unit. Estimated property taxes add roughly $490 to $840 a month, and you pay your own electricity, gas and water.

Is 352 Wallabout Street built on a contaminated site?

The site went through a city-supervised cleanup that the plan says was finished in December 2023. Some contamination remains under engineered barriers, so a permanent site management plan, an environmental easement and annual inspections apply.

Does the building have parking?

There's a 153-space attended garage in the cellar, but it's a separate unit owned by Harrison Realty LLC and open to the public. The plan makes no promise about fees or whether spaces will be available.

Where this comes from: the building's offering plan (CD230115), filed with the New York Attorney General and accepted in June 2024, including its Schedule A price list, Schedule B first-year budget, Schedule B-1 utility estimates and architect's report. Prices are the sponsor's original offering prices, not sales, and later amendments may have changed them. Updated October 2026.