Calvert Villas (624 New York Avenue)
624 New York Avenue, Brooklyn, NY 11225
BBL 3048097501 · BIN 3429740
- Year built
- 2025
- Type
- Condominium
- Units
- 10
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Calvert Villas, marketed with Calvert House across the avenue at 625 New York Avenue as the "Calvert Collection." The two buildings have separate offering plans 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.
Calvert Villas is a small, fully sold new condominium in a part of Brooklyn with very few of them. Ten residences sit over a ground-floor community-facility unit on the corner of New York Avenue and Fenimore Street. Sales launched in fall 2024. The building received its first certificate of occupancy in July 2025. ACRIS shows every unit, including the community-facility space, deeded to a separate buyer by July 2026. The worklist's figure of four sales in 24 months is out of date: the building has now sold out.
The main carrying-cost fact is the lack of a tax benefit. Most Brooklyn condominiums delivered in the past decade carry a 421-a exemption, and buyers comparing them often assume the same here. The Department of Finance roll shows no exemption through the 2027 tentative roll. The timing points the same way: the new-building permit was issued in August 2023, after the June 15, 2022 construction-start deadline for 421-a(16), so that program was very likely unavailable. The roll does not show whether a 485-x application was filed. Confirm in the offering plan and assume the full tax bill until a document says otherwise.
The second fact is the community-facility unit. The ground-floor space was sold separately, in December 2025, to an unrelated LLC. It is outside the residential count, and its share of common charges and votes is set by the declaration. Marketing materials described the residences as sitting above a school. Department of Buildings alteration filings from 2026 on the cellar and first floor are filed by a medical practice. Confirm the current use and lease terms, because the ground-floor use affects foot traffic and hours at the building's entrance.
Architecture and unit composition
The residential stack begins on the second floor: three units (A through C) on floors two and three, two units (A and B) on floors four and five, per the condominium tax lots. The Department of Buildings filings describe six stories. How the top level is divided between the residences below and common roof space should be confirmed from the plan's floor plans. Marketing describes two- to four-bedroom layouts with window walls and private outdoor space. Floor plans and square footages should be taken from the offering plan, not marketing. The building sits on a 45-by-100-foot corner lot with about 15,300 square feet of total floor area on the tax roll.
Building operations
The sponsor has sold every unit, so the board should now be owner-controlled or transitioning. Confirm the date of the first owner-elected board. The building is less than two years old, so the practical diligence items are the transition from temporary to final certificate of occupancy, the status of the sponsor's punch-list and warranty obligations, the first operating budget against actual spending, and the reserve balance. With the community-facility owner as one of eleven, ask how that unit's vote and common-charge share are set in the declaration.
Recent sales
Every closing so far has been a sponsor sale, so there is no resale history yet. The first resales will be priced against these sponsor closings and against the small set of post-2020 condominiums in Prospect Lefferts Gardens and southern Crown Heights, on a per-square-foot basis and after taxes, because most of that competing product carries a 421-a benefit and this building does not. As of 2025, the last complete year, new-construction condominium supply along this stretch of New York Avenue and Flatbush was limited. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jul 27, 2026 | 2B | $809,508.75 |
| Mar 31, 2026 | 2A | $995,000 |
| Apr 7, 2026 | 3A | $992,793.75 |
| May 18, 2026 | 2C | $1,221,900 |
| Jan 5, 2026 | CF1 | $1,442,350 |
| Dec 3, 2025 | 3C | $1,238,763.75 |
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 3-04809-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
At the recent median sale of $1.24M (11 sales since 2024), a buyer putting 25% down would pay about $54,502 to close, or 4.4% of the price.
- Mansion tax: $12,388
- Mortgage recording tax: $17,885
- Title insurance: $5,574
- Attorneys, lender, building fees, reserves and filings: $18,655
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with Calvert Villas, marketed with Calvert House across the avenue at 625 New York Avenue as the "Calvert Collection." The two buildings have separate offering plans and its market
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What to know if you’re buying
Assume the full tax bill. The Department of Finance roll shows no exemption through the 2027 tentative roll. Get the current bill for the specific unit.
Check the certificate of occupancy status. The building has been on temporary certificates since July 2025. Lenders, and eventually resale buyers, will ask when the final certificate will be issued.
Read the declaration on the community-facility unit. Check its common-charge share, its voting rights and any limits on its use.
Get the sponsor's warranty terms. A 2025 building is still in the period when construction defects surface.
What to know if you’re selling
Price against after-tax comparables. Abated competitors look cheaper month to month. Put the numbers side by side before a buyer does.
Document the outdoor space and the building amenities. The roof deck and courtyard are the building's differentiators at ten units.
Comparable buildings
If you're considering Calvert Villas, also evaluate:
- 720 Nostrand Avenue: ten-residence Crown Heights new construction, the closest peer in size
- 111 Montgomery Street: large 2018 Crown Heights condominium near Empire Boulevard, the nearest high-volume comparable set
- 488 Sterling Place: 2021 Crown Heights boutique new construction
- 762 Park Place: 23-residence 2018 Crown Heights condominium
- 834 Sterling Place: 54-residence 2015 Crown Heights condominium
- 475 Sterling Place: earlier-generation Crown Heights new construction
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.
Considering a move at Calvert Villas, marketed with Calvert House across the avenue at 625 New York Avenue as the "Calvert Collection." The two buildings have separate offering plans?
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