508 Waverly Avenue Condominium
508 Waverly Avenue, Brooklyn, NY 11238
Overview
508 Waverly Avenue is a 6-unit condo in Brooklyn.
- Offering plan: Accepted January 2022 · 351 pages · floor plans on page 28
- Finishes: Engineered wood floors, quartz kitchen countertops, LG, Bosch and Fridgidaire appliances, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,454 a square foot on average, as first offered; $8.11 million in all ($6.5 million when first offered)
- Common charges: $594–$767 a month, the sponsor's first-year estimate
- Sponsor: 508 Waverly LLC, represented by The Law Office Of Jay Lichtman, PC; principals Itzhak Maman
- Subway: 2-minute walk to Clinton-Washington Avs (C); 8 minutes to Clinton-Washington Avs (G)
- Amendments: 2, the latest in April 2022
- Units
- 6 residential
- Subway
- 2 min walk to Clinton-Washington Avs CClinton-Washington Avs G, 8 min
- Principals
- Itzhak Maman
- Average $/sf
- $1,454Homes in Schedule A, as first offered
- Common charges
- $594–$767 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
- Offering price
- $8.11 million total $6.5 million when first offered
- Floor plans
- Page 28 of the plan
- SubmittedMarch 2022
- AcceptedJanuary 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jun 30, 2025.
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 508 Waverly Avenue's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 6 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Apr 19, 2022
Second Amendment updates architect's report details, revises unit area allocations and limited common element assignments, and extends the offering plan term by six months.
- Unit area allocations revised; total gross areas range from 991 SF (Unit 2) to 1096 SF (Unit 5)
- Storage rooms in cellar allocated to units 2, 3, 5, and 6 as limited common elements
- Building completion expected by end of September 2022
- Floor-to-ceiling heights specified: Cellar 9'-7", 1st Floor 9'-8", 2nd-5th Floors 9'-4", 6th Floor 9'-2"
- Eight private balconies with 3'-6" high frameless 1/2" tempered glass railings
- Dishwasher relocated on floors 2-8 (Drawings A-3.1 through A-8.1)
- Offering plan term extended six months from amendment date
- Revised offering prices for units disclosed in First Amendment
- Schedule A prices increased for 6 homes (median +31.0%): 1 $1,250,000 → $1,400,000; 2 $995,000 → $1,195,000; 3 $1,050,000 → $1,252,000; 4 $1,050,000 → $1,375,000; ...
Amendment 1 Mar 3, 2022
Offering prices for six units are amended, the plan is declared effective with two units under contract, and the plan term is extended six months.
- Offering prices amended: Unit 1 $1,400,000, Unit 2 $1,195,000, Unit 3 $1,252,000, Unit 4 $1,375,000, Unit 5 $1,395,000, Unit 6 $1,495,000
- Plan declared effective as of March 3, 2022 with two units under purchase agreement
- Plan term extended six months from amendment date
- First unit closing cannot occur until amendment is accepted for filing by Department of Law
Team
- Sponsor
- 508 Waverly LLC
- Principals
- Itzhak Maman
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- 1st Constitution Bank
- General contractors
- RM Construction and Dev, W & L Group Construction, HP Building ManagementHeld the general construction permit on DOB job 320979090
- Buyer's lender
- loanDepotThe sponsor's preferred mortgage lender; you can use another · Named on p. 217
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 500 Waverly Condominiumnext door · 48 units · 2016
- 503 Clinton Avenue Condominiumnext door · 8 units · 2025
- 532 Clinton Avenue Condominiumnext door · 14 units · 11 parking · 2021
- 531 Vanderbilt Avenue Condominiumnext door · 18 units · 2014
- 574 Washington Avenue Condominiumnext door · 4 units · 2020
- Dewitt Condominium0.1 mi · 7 parking · 2007
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 508 Waverly Avenue
The fastest way to know any condo or co-op
Get Connected →