107 Madison Street Condominium
107 Madison Street, Brooklyn, NY 11216
Overview
107 Madison Street is a 10-unit condo in Brooklyn, with 7 storage units.
- Offering plan: Accepted July 2021 · 305 pages · floor plans on page 32
- Finishes: Engineered wood floors, quartz kitchen countertops, wood cabinets, Liebherr, Bosch and Blomberg appliances, washer/dryer hook-ups, Riobel bathroom fittings and split-system units for heating and cooling
- Prices: $1,283 a square foot on average, as first offered; $9.1 million in all ($7.79 million when first offered)
- Common charges: $248–$521 a month, the sponsor's first-year estimate
- Developer: Infinity Properties LLC; principals Amnon Chacham
- Sponsor: Madison 107 LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 6-minute walk to Franklin Av (C, S); 6 minutes to Nostrand Av (A, C)
- Amendments: 1, the latest in January 2022
- Units
- 10 residential · 7 storage
- Subway
- 6 min walk to Franklin Av C SNostrand Av A C, 6 min
- Developer
- Infinity Properties LLC
- Principals
- Amnon Chacham
- Average $/sf
- $1,283Homes in Schedule A, as first offered
- Common charges
- $248–$521 a monthSponsor's first-year estimate in Schedule A, October 1, 2021 - September 30, 2022
- Offering price
- $9.1 million total $7.79 million when first offered
- Floor plans
- Page 32 of the plan
- SubmittedJanuary 2022
- AcceptedJuly 2021
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Aug 16, 2021
Amendment updates architect report with construction completion and occupancy details, revises Unit 4C terrace size and Unit 1B cellar square footage, and documents plan effectiveness and initial closings.
- Unit 4C penthouse terrace increased from 317 SF to 700 SF
- Unit 1B cellar corrected to 755 SF instead of 734 SF
- Construction completed August 2021; Certificate of Occupancy anticipated September 2021
- Plan declared effective August 25, 2021; first unit closed December 14, 2021
- Final Certificate of Occupancy issued November 15, 2021 under CO number 3426129
- Hot water heaters specified as 40-gallon AO Smith model #ENS-40 110 with .95 energy factor
- Working capital fund $3,892.05 and reserve fund $432.45 deposited at Chase Bank
- NYS transfer tax calculation changed to tax only on NYC transfer taxes paid by purchaser
Team
- Sponsor
- Madison 107 LLC
- Developer
- Infinity Properties LLC
- Principals
- Amnon Chacham
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- General contractors
- Ameristar Construction, Richmond ConstructionHeld the general construction permit on DOB job 321383445
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
- 118 Madison Street Condominiumnext door · 4 units · 2024
- 131 Madison Street Condominiumnext door · 8 units · 2025
- 1155 Bedford Avenue Condominiumnext door · 7 units · 2024
- 170 Putnam Avenue Condominiumnext door · 3 units · 2014
- 215 Putnam Avenue Condominiumnext door · 6 units · 2022
- 127 Putnam Avenue Condominium0.1 mi · 6 units · 2020
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