392 Graham Avenue Condominium
392 Graham Avenue, Brooklyn, NY 11211
Overview
392 Graham Avenue is an 8-unit condo in Brooklyn.
- Offering plan: Accepted February 2024 · 271 pages · floor plans on page 8
- Finishes: Engineered wood floors, quartz kitchen countertops, Bertazzoni appliances and washer/dryer hook-ups
- Prices: $1,690 a square foot on average, as first offered; $11.6 million in all ($10.6 million when first offered)
- Common charges: $262–$572 a month, the sponsor's first-year estimate
- Developer: On Point Development
- Sponsor: 392 Graham Development LLC, represented by Eial Girtz, PC
- Neighborhood: Williamsburg, Brooklyn
- Subway: 3-minute walk to Graham Av (L); 8 minutes to Metropolitan Av/Lorimer St (G, L)
- Amendments: 3, the latest in August 2024
- Units
- 8 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 3 min walk to Graham Av LMetropolitan Av/Lorimer St G L, 8 min
- Developer
- On Point Development
- Average $/sf
- $1,690Homes in Schedule A, as first offered
- Common charges
- $262–$572 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 To June 30, 2025
- Offering price
- $11.6 million total $10.6 million when first offered
- Floor plans
- Page 8 of the plan
- SubmittedMarch 2024
- AcceptedFebruary 2024
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Dec 31, 2024.
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 for 8 homes.
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 10 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 May 30, 2024
Plan extended 6 months; offering prices for 5 units increased; new escrow account established at Peapack-Gladstone Bank.
- Plan extended for 6 months
- Unit 2 price increased from $1,699,000.00 to $1,875,000.00
- Unit 3B price increased from $1,025,000.00 to $1,050,000.00
- Unit 4B price increased from $1,050,000.00 to $1,075,000.00
- Unit 5 price increased from $1,850,000.00 to $1,975,000.00
- Unit 6 price increased from $1,995,000.00 to $2,100,000.00
- New escrow account opened at Peapack-Gladstone Bank; down payments for Units 4B and 5 transferred to new account
- Plan declared effective May 29, 2024 based on 2 units in contract (25% of 8 units)
- Schedule A prices increased for 8 homes (median +11.9%): 1 $1,600,000 → $1,699,000; 2 $1,675,000 → $1,875,000; 3A $899,000 → $975,000; 3B $959,000 → $1,050,000; ...
Amendment 1 Mar 12, 2024
Plan extended 6 months and prices increased for all 8 units.
- Plan extended for 6 months
- Unit 1 price increased from $1,600,000.00 to $1,699,000.00
- Unit 2 price increased from $1,675,000.00 to $1,699,000.00
- Unit 3A price increased from $899,000.00 to $975,000.00
- Unit 3B price increased from $959,000.00 to $1,025,000.00
- Unit 4A price increased from $899,000.00 to $995,000.00
- Unit 4B price increased from $959,000.00 to $1,050,000.00
- Unit 5 price increased from $1,750,000.00 to $1,850,000.00
Team
- Sponsor
- 392 Graham Development LLC
- Developer
- On Point DevelopmentReported by web.archive.org
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Bullpath Capital$3.5 million loan stated in the plan
- Property report
- Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 126
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 185 Skillman Avenue Condominiumnext door · 8 units · 1 parking · 2026
- 175 Jacksonnext door · 14 units · 7 parking · 2017
- 179 Jackson Street Condominiumnext door · 6 units · 2024
- 181 Jackson Street Condominiumnext door · 4 units · 2023
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