THE CONDO BOOK PROJECT

Calvert House

625 New York Avenue, Brooklyn, NY 11203

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Overview

Calvert House is a new seven-story, 49-unit condo at 625 New York Avenue in Prospect Lefferts Gardens, Brooklyn. Its offering plan details an all-electric building with heat pumps, a shared roof with a dog run, parking and roof terrace licenses, a part-time doorman, and amenities shared with a sister condo across the street. The offering plan specifies engineered wood floors, solid-surface kitchen countertops, Whirlpool and GE appliances, a washer and dryer in each apartment and split-system units for heating and cooling.

  • What it is: a new seven-story building with a cellar, built on a lot that was once a plant nursery. The plan expected construction to be done around September 2025 and the first closing by July 2025, subject to delays.
  • Location: Prospect Lefferts Gardens, across the street from a park. The plan puts the Winthrop Street 2 and 5 station about 0.4 miles away.
  • Size: 49 apartments on floors 2 through 7, one elevator, 25 parking spaces in a garage and a storage closet for every unit.
  • Layouts: 5 studios, 5 three-bedrooms and the rest one- and two-bedrooms, from about 430 to 1,430 sq ft. Many units have a terrace, balcony or roof terrace.
  • Offering prices: in the original price list, about $460,000 for a studio to $1.7 million for the largest three-bedroom, or about $1,100 per sq ft on average. These are asking prices, not sales.
  • Common charges: roughly $290 to $1,180 a month, depending on the unit, under the sponsor's first-year projection.
  1. SubmittedJuly 2025
  2. AcceptedMay 2025
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

17 of 49homes sold (35%)
Every sale: 17 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 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 Calvert House'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

FigureThis building1Urban32232 units · 1.1 miaccepted 2025194 Bainbridge342 units · 1.8 miaccepted 2025
Common ChargesPer Square Foot / Month$0.75Highest$0.62$0.40
Average Offering PricePer Apartment$940,306In line$688,322$963,707
Average PricePer Square Foot$1,110Below peers$1,163$1,253
Average Unit SizeSquare Feet847 SFLarger592 SF769 SF
Unit mix, amenities, finishes, utilities and operating costs against Urban32 and 194 BainbridgeUnlock the rest with a free account
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 5 closing costs in the plan, with their pagesSee it free →

The Building

Finishes

Kitchens

Kitchens are basic. Each one gets a 30-inch GE electric range, a 30-inch Whirlpool French-door refrigerator, a Whirlpool dishwasher and an LG countertop microwave. Counters are Corian and cabinets are MDF with a laminate finish. See gas vs. induction stoves in NYC condos.

Bathrooms

Bathrooms have porcelain tile floors and ceramic tile walls. The plan doesn't name fixture brands.

Floors

Living rooms, bedrooms, kitchens and halls get 5/8-inch engineered oak (Home Legend or equal, character grade) over a rubber underlayment.

Laundry, Heating and Cooling

  • Laundry: every home has a stacked Maytag washer and ventless dryer. There's no shared laundry room. See washer-dryers in NYC condos.
  • Heating and cooling: each unit has its own ductless split heat pump. Fresh air comes from operable windows.
  • Hot water: each unit has its own electric storage tank water heater.
  • Not included: blinds or shades, and any appliances beyond the list above.

Compare with NYC condo heating and cooling systems.

Listings: Calvert House, 625 New York Avenue on StreetEasy

Amenities, Staffing & Transportation

  • Roof: a shared roof deck open to all residents, with a dog run along the northern edge.
  • Cellar: an exercise room, a children's playroom, a work-from-home area with work pods, a bike room and the storage closets.
  • Lounge: a rentable lounge on two connected levels, opening from the first floor and the cellar.
  • Ground floor: a courtyard, a package room and stroller storage.
  • Garage: 25 parking spaces, two of them accessible, with outlets for electric car charging shown on the floor plans.

Good to know: the gym, playroom, lounge, courtyard and work-from-home space are shared with residents of 624 New York Avenue. The plan says there's enough room for both buildings, and the license can't be ended without both boards agreeing.

Tip: storage closets (about 25 to 58 sq ft) come with every unit at no extra cost. Parking is a separate license. Read more on deeded vs. licensed parking and condo storage units.

Staffing and Services

The building has no salaried staff. Services come through contracts:

  • A doorman 10 hours a day, 5 days a week (about $60,000 a year)
  • Janitorial and cleaning service (about $30,000 a year)
  • Managing agent LuxLiving NYC (about $73,500 a year)

Building staff take trash from the cellar compactor room to the curb. See where condo common charges go for context.

Location & Transportation

  • Neighborhood: East Flatbush, Brooklyn
  • Subway: 6 min walk to Winthrop St 2 5; Sterling St 2 5, 9 min
Amenities, Staffing & TransportationSee it free →

Amendments

Amendment 3 Jun 17, 2026

Amendment updates unit prices, revises floor plans for Unit 2F terrace allocation, increases operating budget by $30,000, and reports first closing and certificate of occupancy milestones.

  • First unit closed March 17, 2026
  • Temporary certificate of occupancy issued February 25, 2026 (CO number 3107206-0000001)
  • Declaration recorded March 12, 2026
  • Working capital fund contains $16,803.17 plus $1,867.01 in reserve account
  • Unit 2F terrace changed from 177 SF on 2nd floor to 204 SF on 6th floor
  • Offering prices amended for 31 units ranging from $595,000 to $1,595,000
  • First-year operating budget increased by $30,000 (13.70%); management fee reduced $15,000, janitor/cleaning increased $10,000, supplies increased $10,000, security cameras/monitoring added at $25,000 annual fee
  • Sponsor retains 36 unsold units representing 73% of residential units

Amendment 2 Sep 16, 2025

Plan declared effective after 8 unit sales; terrace sizes adjusted; prices updated for 5 units and 5 roof terraces; temporary Certificate of Occupancy anticipated December 2025.

  • Plan declared effective based on 8 unit sales (16% of 49 units)
  • Unit 2C terrace increased from 201 SF to 252 SF
  • Unit 2D terrace decreased from 252 SF to 216 SF and relocated to 6th floor
  • Unit 2E terrace decreased from 184 SF to 182 SF
  • Roof terrace 6.4 removed
  • Unit 2D price set to $1,240,000; Unit 2E to $950,000; Unit 6B to $1,495,000; Unit 7A to $1,695,000
  • Roof terrace prices: 6.2 $42,500; 6.3 $40,000; 6.5 $45,000; 6.6 $40,000; 7.1 $22,500
  • Temporary Certificate of Occupancy anticipated December 2025, permanent in approximately three months

Amendment 1 Jul 9, 2025

Commencement date updated to January 1, 2026; tax opinion, budget, and Schedule A revised accordingly.

  • Commencement date changed to January 1, 2026
  • Revised tax opinion letter dated June 3, 2025
  • First year projected real estate taxes approximately $329,190.00
  • Post-construction assessed valuation $4,977,322.00 with annual taxes of $622,165.00 starting July 2026
  • Updated budget annexed as Exhibit B
  • Updated Schedule A with new commencement date and revised taxes
What each amendment changed, line by lineSee it free →

Fine Print

What's Specific to It

  • No gas in the building. Heat, cooling, hot water and cooking all run on electricity, and each owner pays their own electric bill.
  • Amenities shared with 624 New York Avenue. The sponsor is also building an 11-unit condo at 624 New York Avenue. Its residents can use the gym, playroom, lounge, courtyard and work-from-home space here for $500 a month, paid by that building's board.
  • Parking and roof terraces are licenses. 25 parking spaces are offered at $110,000 each, and 6 private roof terraces at $40,000 to $65,000. Both carry small monthly fees ($40 and $35).
  • A part-time doorman. The plan budgets a doorman 10 hours a day, 5 days a week, through a service contract rather than building staff.
  • Taxes are expected to rise. The plan projects the building's total tax bill rising from about $436,000 to about $622,000 once it's reassessed after construction.

Listing photos of Calvert House show the finished rooms. 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

  • Taxes after completion. The first-year tax estimates are based on the building before construction was done. The plan projects about $622,000 a year in total taxes after reassessment, about 43% more than the first-year figure.
  • Closing costs. On top of the price, buyers pay the sponsor's attorney $3,200, a $1,500 sponsor expense fee, a share of the first year's insurance premium and transfer taxes.
  • Square footage. Unit areas are measured to the outside of exterior walls, so the plan says actual livable space is "significantly less" than listed.
  • Temporary certificate of occupancy. Closings may happen under a temporary certificate. The sponsor must get the final one but doesn't guarantee it within two years.
  • Construction loan. The project has a loan from American Life & Security Corp. If it isn't paid off by the first closing, the lender must limit its lien to unsold units or release your unit.
  • Common charge timing. The sponsor may delay collecting common charges and pay building expenses itself for a time.

FAQ

What neighborhood is Calvert House in?

Prospect Lefferts Gardens, Brooklyn. The plan places it across from a park and about 0.4 miles from the Winthrop Street 2 and 5 subway station.

How much are common charges at Calvert House?

Under the sponsor's first-year projection, roughly $290 to $1,180 a month depending on the unit, with estimated property taxes of about $360 to $1,460 a month on top.

Does Calvert House have parking?

Yes. The garage has 25 spaces, sold as licenses at $110,000 each in the original price list, plus a $40 monthly fee paid to the condo.

Where this comes from: the building's offering plan (CD240299), filed with the New York Attorney General, including its Schedule A price list and Schedule B first-year budget. Prices are the sponsor's offering prices, not sales. Updated October 2026.

Team

The plan doesn't name an interior designer or an outside sales firm.

Zoning

Zoning district
R6

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are Calvert House's common charges high for the area? Yes, they're on the high side. Calvert House budgets $0.75 per square foot a month, against a $0.62 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?