1 Seventh Avenue South Condo: Common Charges, Sales & Offering Plan

Overview

One 7th is a 4-unit condo in Manhattan, with 1 commercial unit.

Offering plan: Accepted March 2007 · 246 pages · floor plans on page 18
Finishes: Wood floors, stainless steel kitchen countertops, Sub-Zero and Miele appliances, a washer and dryer in each apartment, Hansgrohe bathroom fittings and packaged air conditioning units for heating and cooling
Prices: $10.4 million in all
Common charges: $1,278–$2,743 a month, the sponsor's first-year estimate
Developer: Recap Partners Equities LLC; principals Jesse Keyes and Widjaja Hatta
Sponsor: Carmine Partners, LLC, represented by Smith, Buss & Jacobs, LLP
Subway: 2-minute walk to Houston St (1); 5 minutes to W 4 St-Wash Sq (A, B, C, D, E, F, M)
Amendments: 3, the latest in November 2011

The plan's first-year tax estimate, checked against the city's real bills.

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

Amendment 3 Nov 23, 2011

The offering plan is abandoned and no longer in effect.

Amendment 2 Nov 18, 2008

Condominium effectiveness withdrawn pending re-signing of purchase agreements; first-year budget updated for 2009 with revised common charges.

Condominium effectiveness withdrawn; 25% of residential units withdrawn from purchase agreements
First-year budget period changed to January 1, 2009 through December 31, 2009
Total first-year budget increased by $12 to $84,178
Gas for common area heating increased to $12,969
Electricity cost set at $14,695
Water and sewer charges set at $3,502
Insurance premiums set at $11,833 for building value of $4,500,000
Plan extended for six (6) months from filing date

Amendment 1 Mar 19, 2008

Amendment revises architect's report details, updates cellar floor plans to show no elevator access, and declares the plan effective.

Boiler flues relocated to two feet back from building fence
Parapets to be capped with precast concrete coping and/or metal cap
Kitchen backsplash changed from glass tile to stainless steel
Lobby walls will not have glass tile
Cellar floor plan revised to show no elevator access
Plan declared effective as of March 19, 2008 with 25% of residential units under purchase agreement
Plan may not be used after six months from filing date unless extended or amended

Sponsor: Carmine Partners, LLC
Developer: Recap Partners Equities LLC
Principals: Jesse Keyes, Widjaja Hatta
Counsel: Smith, Buss & Jacobs, LLP
Tax estimate: Tuchman, Katz, Korngold & GellesPrepared the first-year real estate tax projection
Construction lender: Eastern Savings Bank$5.5 million recorded
General contractor: Fields Hi-Rise ConstructionHeld the general construction permit on DOB job 104124190
MEP engineer: Marino Gerazounis & Jaffe AssociatesMechanical, electrical and plumbing · Named on p. 105
Property report: Rogers Marvel Architects, PLLCPrepared the plan's description of the property and its condition · Named on p. 105
Title agency: Royal Abstract of New York LLCThe sponsor's title company for buyers; you can choose another · Named on p. 42

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

Free in ChatGPT or Claude

The fastest way to know any condo or co-op