103 President Street Condominium
103 President Street, Brooklyn, NY 11231
Overview
103 President Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted April 2022 · 379 pages · floor plans on page 29
- Finishes: 9-foot ceilings, engineered wood floors, quartz kitchen countertops, wood laminate cabinets, JennAir, Bertazzoni and Bosch appliances, washer/dryer hook-ups, American Standard bathroom fittings and ducted heat pumps for heating and cooling
- Prices: $1,668 a square foot on average, as first offered; $5.85 million in all
- Common charges: $360–$480 a month, the sponsor's first-year estimate
- Sponsor: 103 President Street Holdings LLC, represented by Rosen Law LLC; principals Carrie Dionisio
- Subway: 11-minute walk to Carroll St (F, G); 17 minutes to Bergen St (F, G)
- Amendments: 2, the latest in January 2023
- Units
- 3 residential
- Subway
- 11 min walk to Carroll St F GBergen St F G, 17 min
- Principals
- Carrie Dionisio
- Average $/sf
- $1,668Homes in Schedule A, as first offered
- Common charges
- $360–$480 a monthSponsor's first-year estimate in Schedule A, September 1, 2022 through August 30, 2023
- Offering price
- $5.85 million total
- Floor plans
- Page 29 of the plan
- SubmittedAugust 2022
- AcceptedApril 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jan 31, 2024.
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 4 homes.
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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jan 24, 2023
Amendment confirms first closing completed, one unit unsold, updates reserve fund and board information, and extends offering plan term.
- First closing of Unit 2 occurred December 30, 2022
- One unsold residential unit: Unit 4
- Final Certificate of Occupancy issued December 6, 2022
- Declaration of Condominium filed December 20, 2022
- Working capital fund $3,494 as of January 18, 2023
- Board of Managers: Carrie Dionisio (President), Gary Rosen Esq. (Vice President), Jaime Rosen Esq. (Secretary & Treasurer)
- Offering plan term extended six months
- Schedule A and Schedule B current for January 1 - December 31, 2022
- Schedule A prices increased for 1 home (median +12.2%): 4 $1,600,000 → $1,795,000
Amendment 1 Aug 3, 2022
Unit 4 price increased to $1,795,000.
Team
- Sponsor
- 103 President Street Holdings LLC
- Principals
- Carrie Dionisio
- Counsel
- Rosen Law LLC
- Tax estimate
- Rosen Law LLCPrepared the first-year real estate tax projection
- Title agency
- Ultimate Abstract Company of New York, Inc.The sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 85
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
- 74 Carroll Street Condominiumnext door · 3 units · 2025
- 210 Columbia Street Condominiumnext door · 3 units · 2022
- 37 Carroll Street Condominiumnext door · 4 units · 1 parking · 2019
- 157 President Street Condominium0.1 mi · 4 units · 2019
- 102 Summit Street Condominium0.1 mi · 3 units · 2022
- 55 Summit Street Housing Development Fund Corporation0.1 mi · 5 units · 2022
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