1015 President Street Condominium
1015 President Street, Brooklyn, NY 11225
Overview
1015 President Street is an 8-unit condo in Brooklyn.
- Offering plan: Accepted June 2022 · 391 pages · floor plans on page 38
- Finishes: Hardwood floors, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,121 a square foot on average, as first offered; $7.03 million in all ($6.8 million when first offered)
- Common charges: $405–$782 a month, the sponsor's first-year estimate
- Sponsor: President St 1015 LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Ariel Sholomov
- Subway: 3-minute walk to Franklin Av-Medgar Evers College/Botanic Garden (2, 3, 4, 5, S); 8 minutes to President St-Medgar Evers College (2, 5)
- Amendments: 2, the latest in August 2022
- Units
- 8 residential
- Subway
- 3 min walk to Franklin Av-Medgar Evers College/Botanic Garden 2 3 4 5 SPresident St-Medgar Evers College 2 5, 8 min
- Principals
- Ariel Sholomov
- Average $/sf
- $1,121Homes in Schedule A, as first offered
- Common charges
- $405–$782 a monthSponsor's first-year estimate in Schedule A, January 1, 2023-December 31, 2023
- Offering price
- $7.03 million total $6.8 million when first offered
- Floor plans
- Page 38 of the plan
- SubmittedJuly 2022
- AcceptedJune 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Nov 30, 2023.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 8 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 3 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 July 2022
Offering prices for six units amended and plan term extended six months.
- Unit 2F price set to $845,000
- Unit 2R price set to $800,000
- Unit 3F price set to $885,000
- Unit 3R price set to $855,000
- Unit 4F price set to $1,125,000
- Unit 4R price set to $1,050,000
- Plan term extended six months from amendment date
- Plan declared effective July 14, 2022 with two units under contract
Team
- Sponsor
- President St 1015 LLC
- Principals
- Ariel Sholomov
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$5.7 million recorded
- Buyer's lender
- loanDepotThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 239
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 1015a President Street Condominiumnext door · 8 units · 2021
- 1019 President Street Condominiumnext door · 8 units · 2020
- 1000 Union Street Condominiumnext door · 20 units · 12 parking · 2020
- 311 Eastern Parkway Condominium0.2 mi · 5 units · 2026
- Crown 12 Condominium0.2 mi · 85 units · 2018
- 111 Montgomery Street Condominium0.2 mi · 163 units · 19 parking · 2019
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