531 Classon Avenue
531 Classon Avenue, Brooklyn, NY 11238
Bedford-Stuyvesant, Brooklyn
BBL 3019947501 · BIN 3430029
- Year built
- 2021
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2024–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2024
- $1,119
- 5 sales
- Listing discount
- -1.8%
- Recorded sales
- 7
- On record
- 2024–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 531 Classon Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
531 Classon Avenue is a four-story, eight-residence condominium on a 35-foot lot on Classon Avenue, the street that divides Bedford-Stuyvesant from Clinton Hill. City records place it on the Bedford-Stuyvesant side.
The sponsor's sales are finished and fast. ACRIS records deeds for all eight units in ten weeks, from June 28 to August 29, 2024. Net of the transfer taxes included in the deed amounts, the prices ran from $810,000 to $1,650,000 and totaled $8.9 million, about 11 percent below the $9,996,480 plan total. The building now trades as a resale condominium.
Architecture and residences
Hany Rizkalla, RA, filed the new building (job 322072519) in March 2020. The filing describes a four-story residential building, 41 feet tall, with eight dwelling units and about 9,710 square feet of construction floor area. It was approved in July 2020 and fully permitted in December 2021. A temporary certificate of occupancy for eight dwelling units issued on June 11, 2024, weeks before the first closing, and was renewed while the job stayed open; the final certificate of occupancy issued on June 1, 2026. PLUTO gives about 8,140 square feet of building area on a 35-by-100-foot lot.
The unit numbering pairs an A and a B home on each of the four floors. Listing records describe 1B as a duplex, and 2B and 3B as one-bedroom homes of about 737 square feet. Published common charges have ranged from about $422 to $888 a month depending on unit and date. Sizes for the other homes were not confirmed against the offering plan.
The same company is the owner of record on the new-building filing for 175 Huron Street in Greenpoint, a five-residence condominium in sales in 2026 under a different sponsor entity.
Offering and sales
Per the offering plan filed with the New York State Attorney General (plan CD220278), the plan was submitted December 23, 2022 and took effect in February 2024, with Y&L Classon Corp. as sponsor. The Attorney General's acceptance date is September 8, 2023 and its effective date is February 13, 2024. The current total is $9,996,480, up $147,420 from the initial $9,849,060. The database records two units sold; ACRIS shows all eight deeded. Amendments were not reviewed; the Attorney General's online record returned no data when we checked in October 2026.
Recorded sales
Every deed amount is a round price plus 1.825 percent, the combined state and city transfer tax rate. That pattern usually means the buyer paid the transfer taxes, as is customary in sponsor sales, and the deed amount includes them. The net prices are our arithmetic.
| Unit | Deed date | Deed amount | Net of transfer taxes |
|---|---|---|---|
| 1A | June 28, 2024 | $1,680,112.50 | $1,650,000 |
| 2A | July 16, 2024 | $1,221,900 | $1,200,000 |
| 2B | July 22, 2024 | $865,512.50 | $850,000 |
| 3B | July 23, 2024 | $824,782.50 | $810,000 |
| 3A | July 26, 2024 | $1,318,633.75 | $1,295,000 |
| 4A | August 12, 2024 | $967,337.50 | $950,000 |
| 4B | August 12, 2024 | $967,337.50 | $950,000 |
| 1B | August 29, 2024 | $1,216,808.75 | $1,195,000 |
At about 737 square feet, 2B netted about $1,153 per square foot and 3B about $1,099. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 29, 2024 | 1B | 1 BR · 1.5 BA · 1,327 sf | $1,216,808 | $917/sf | +1.8% |
| Jul 23, 2024 | 3B | 1 BR · 1 BA · 737 sf | $824,782 | $1,119/sf | -3.0% |
| Jul 22, 2024 | 2B | 1 BR · 1 BA · 737 sf | $865,512 | $1,174/sf | +1.8% |
| Jul 16, 2024 | 2A | 2 BR · 2 BA · 1,098 sf | $1,221,900 | $1,113/sf | -2.2% |
| Jun 28, 2024 | 1A | 2 BR · 2.5 BA · 1,200 sf | $1,680,112 | $1,400/sf | +1.8% |
Market read. Most recent trades (2024) cleared a median $1,119/sf (recorded) across 5 sales. Median listing discount -1.8% over ask.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01994-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
It is a resale building. There is no sponsor inventory. Price against the 2024 sponsor deeds, net of the transfer taxes included in the deed amounts, and any resales since.
Certificate of occupancy timing. Owners closed in 2024 under a temporary certificate of occupancy issued in June 2024; the final certificate issued in June 2026. Ask the managing agent whether any open items or violations remain.
Carrying costs. Confirm current common charges and taxes for the specific unit; no tax exemption has been confirmed in this review.
Closing costs. On a resale the buyer pays the state mansion tax of 1% at $1 million and above; the seller customarily pays the transfer taxes. Use the calculators below.
Comparable buildings
If you're considering 531 Classon Avenue, also look at these Bedford-Stuyvesant and Clinton Hill condominiums:
- 516 Classon Avenue — 16-residence elevator condominium a short walk up Classon Avenue in Clinton Hill
- 56 Quincy Street — four-residence new construction with sponsor deeds of $1.86 to $2.21 million
- 256 Putnam Avenue — four-residence row-house enlargement with two 2025 sponsor sales
- 102 Downing Street — six-residence Clinton Hill condominium with a plan submitted May 2026
- 82 Irving Place — The Carlton, a 28-unit 2013 elevator condominium in Clinton Hill
More Bedford-Stuyvesant buildings
- 43 Skillman Street — 2013 condominium
- 448 Park Avenue, Brooklyn — condominium
- 524 Halsey Street — 1904 condominium
- 55–57 Franklin Avenue — condominium
- 56 Quincy Street — 2023 condominium
- 592 Marcy Avenue — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Bedford-Stuyvesant.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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646.939.7375 · c.cohen@compass.com