THE CONDO BOOK PROJECT

101 Douglass Street Condominium

101 Douglas Street, Brooklyn, NY 11231

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Overview

101 Douglass Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted September 2022 · 310 pages · floor plans on page 203
  • Finishes: Engineered wood floors, quartz kitchen countertops, Fisher & Paykel appliances, a washer and dryer in each apartment, Hansgrohe bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $2,018 a square foot on average, as first offered; $7.45 million in all
  • Common charges: $761–$761 a month, the sponsor's first-year estimate
  • Developer: Build 360 LLC
  • Sponsor: Douglass Park LLC, represented by Certilman Balin Adler & Hyman, LLP
  • Subway: 5-minute walk to Bergen St (F, G); 6 minutes to Carroll St (F, G)
  • Amendments: 2, the latest in July 2023
  1. SubmittedDecember 2022
  2. AcceptedSeptember 2022
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

First-Year Budget

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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 →

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 →

Amendments

Amendment 2 June 2023

Amendment reporting first closings, condominium status post-recording, unit assessments, and reserve fund balances as of June 2023.

  • Declaration of Condominium recorded March 13, 2023 as CRFN 2023031000391001
  • First closing occurred May 2, 2023; two units closed as of June 1, 2023
  • Temporary Certificate of Occupancy issued April 10, 2023; Final Certificate of Occupancy anticipated September 2023
  • $2,500 deposited in escrow for unfinished unit completion
  • One unsold unit (Residential Unit Number 1) with monthly common charges approximately $909.05
  • Reserve Fund balance $466.66 and Working Capital Fund balance $3,044.04 as of August 7, 2023
  • Real estate taxes separately assessed April 2023; individual billing to unit owners
  • Sponsor common charges collection commenced July 1, 2023

Amendment 1 2022

Plan declared effective November 21, 2022; first closing anticipated February 1, 2023; budget commencement date revised to February 1, 2023.

  • Plan declared effective November 21, 2022
  • First closing anticipated on or about February 1, 2023
  • Budget commencement date changed to February 1, 2023
  • One home (33.3% of three homes) under purchase agreement
  • Offering plan extended for six (6) months from amendment filing date
What each amendment changed, line by lineSee it free →

Team

Sponsor
Douglass Park LLC
Developer
Build 360 LLC
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Maxim Credit GroupLender on the mortgage and building loan agreement recorded April 2021 in ACRIS; $5 million recorded
General contractors
Global Design Concept, M J M Quality Construction, Jerusalem CartingHeld the general construction permit on DOB job 321004603
Construction manager
KD One Construction Inc.Named on p. 295

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

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The Condo Book Project Are 101 Douglass Street's common charges high for the area? Yes, they're on the high side. 101 Douglass Street budgets $0.62 per square foot a month, against a $0.44 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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