THE CONDO BOOK PROJECT

104 Mlk Condominium

104 Martin Luther King Jr. Place, Brooklyn, NY 11206

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Overview

104 Mlk is a 10-unit condo in Brooklyn.

  • Offering plan: Accepted May 2021 · 300 pages · floor plans on page 31
  • Finishes: 9'10" ceilings, wood floors, quartz kitchen countertops, CAVALI cabinets, GE appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
  • Prices: $844 a square foot on average, as first offered; $10.1 million in all ($10 million when first offered)
  • Common charges: $474–$707 a month, the sponsor's first-year estimate
  • Developer: Empire Brooklyn; principals Joel Weiss
  • Sponsor: 104-106 Floyd St LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Subway: 3-minute walk to Myrtle-Willoughby Avs (G); 5 minutes to Flushing Av (G)
  • Amendments: 2, the latest in January 2022
  1. SubmittedJune 2021
  2. AcceptedMay 2021
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

9 of 10homes sold (90%)
Every sale: 9 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2026.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 104 Mlk's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 10 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Jan 21, 2022

Prices of six units are amended, first closing confirmed, working capital fund deposited, and transfer tax calculation rules clarified due to a change in law.

  • Unit 1L price changed to $1,300,000
  • Units 2R, 4R, 5R price changed to $980,000 each
  • Units 3L, 3R price changed to $975,000 each
  • First closing occurred October 5, 2021
  • Final Certificate of Occupancy issued December 1, 2020
  • Working capital fund of $6,060.65 deposited at Signature Bank
  • NYS transfer tax now calculated only on NYC transfer taxes paid by purchaser, not both
What the amendment changed, line by lineSee it free →

Team

Sponsor
104-106 Floyd St LLC
Developer
Empire BrooklynReported by web.archive.org
Principals
Joel Weiss
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
General contractor
Empire Management & Con*Held the general construction permit on DOB job 321748132

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6A

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

Nearby

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The Condo Book Project Are 104 Mlk's common charges high for the area? Yes, they're on the high side. 104 Mlk budgets $0.44 per square foot a month, against a $0.41 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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