583 Putnam Avenue Condominium
583 Putnam Avenue, Brooklyn, NY 11221
Overview
583 Putnam Avenue is a new 4-unit condo in Brooklyn.
- Offering plan: Accepted September 2024 · 262 pages · floor plans on pages 193–195
- Finishes: Wood floors, laminate kitchen countertops, Frigidaire appliances, washer/dryer hook-ups and Delta bathroom fittings
- Prices: $1,204 a square foot on average, as first offered; $4.22 million in all
- Sponsor: Ph Holdings, LLC, represented by Eial Girtz, PC; principals Helena A. Harow and Pegi R. Medioni
- Subway: 11-minute walk to Kingston-Throop Avs (C); 14 minutes to Utica Av (A, C)
- Amendments: 2, the latest in March 2026
- Units
- 4 residential
- Subway
- 11 min walk to Kingston-Throop Avs CUtica Av A C, 14 min
- Principals
- Helena A. Harow, Pegi R. Medioni
- Average $/sf
- $1,204Homes in Schedule A, as first offered
- Offering price
- $4.22 million total
- Floor plans
- Pages 193–195 of the plan
- SubmittedMay 2025
- AcceptedSeptember 2024
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
4 of 4homes sold (100%)
From city records (ACRIS), through Jun 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 583 Putnam Avenue's common charges compare with similar buildings? →
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 | 387 Decatur24 units · 0.6 miaccepted 2024 | 226 Putnam35 units · 0.8 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.63In line | $0.54 | $0.72 |
| Average Offering PricePer Apartment | $1.06MAbove peers | $987,500 | $920,000 |
| Average PricePer Square Foot | $1,204In line | $1,173 | $1,217 |
| Average Unit SizeSquare Feet | 877 SFLarger | 842 SF | 756 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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Mar 30, 2026
Plan extended 6 months; Units 1-2 closed, Units 3-4 in contract, tax lots apportioned, sponsor managed first year at no cost.
- Plan extended for 6 months
- Units 1 and 2 have closed; Units 3 and 4 are in contract
- Tax lots apportioned and real estate taxes finalized on or about July 1, 2025
- Sponsor managed condominium first year (March 1, 2025 through February 28, 2026) at no cost
- Working capital account has $19,006.88 and reserve account has $2,143.58
- Construction mortgage paid in full by OceanFirst Bank N.A.; all units released from collateral
- First unit owners meeting to occur within 30 days of first anniversary of first closing or when 75% of units closed, whichever is earlier
Amendment 1 May 5, 2025
Plan extended 6 months, declared effective February 13, 2025 after one unit sale, with updated sponsor address and condominium operational details.
- Plan extended for 6 months
- Declared effective February 13, 2025 based on sale of Unit 2 (25% of 4 units)
- Sponsor address updated to 1833 Hillsboro Avenue, Los Angeles, CA 90035
- Declaration of Condominium recorded March 21, 2025
- First Unit Closing (Unit 2) occurred April 11, 2025; Unit 1 in contract; Units 3 and 4 unsold
- Working capital account balance $943.08; reserve account balance $0.00 (should be $2,700.00)
- Original construction financing $1,400,000.00; mortgage held by OceanFirst Bank N.A.
Team
- Sponsor
- Ph Holdings, LLC
- Principals
- Helena A. Harow, Pegi R. Medioni
- Counsel
- Eial Girtz, PC
- Tax estimate
- Law Offices of Farhid Sedaghat - Pour, Esq., PLLCPrepared the first-year real estate tax projection
- Construction lender
- Country Bank$1.4 million loan stated in the plan
- Property report
- Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 133
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
- 581 Putnam Avenue Condominiumnext door · 4 units · 2016
- 479 Monroe Street Condominium0.1 mi · 7 units · 2020
- 465 Hancock Street Condominium0.1 mi · 4 units · 2026
- 569 Jefferson Condominium0.1 mi · 3 units · 2021
- 482 Hancock Street Condominium0.2 mi · 3 units · 2026
- 659 Putnam Avenue Condominium0.2 mi · 4 units · 2020
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