Astral Condominium
11 Conselyea Street, Brooklyn, NY 11211
Overview
Astral is a 6-unit condo in Brooklyn.
- Offering plan: Accepted January 2020 · 284 pages · floor plans on page 4
- Finishes: 10'3" ceilings, hardwood floors, quartzite kitchen countertops, white matt lacquer cabinets, Blomberg and Bosch appliances, a washer and dryer in each apartment, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,464 a square foot on average, as first offered; $6.87 million in all
- Common charges: $227–$355 a month, the sponsor's first-year estimate
- Sponsor: Conselyea Development LLC, represented by Tsyngauz & Associates, P.C.; principals Semyon Vays and Mark Zeldin
- Subway: 2-minute walk to Metropolitan Av/Lorimer St (G, L); 8 minutes to Graham Av (L)
- Amendments: 2, the latest in February 2021
- Units
- 6 residential
- Subway
- 2 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 8 min
- Principals
- Semyon Vays, Mark Zeldin
- Average $/sf
- $1,464Homes in Schedule A, as first offered
- Common charges
- $227–$355 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 - August 31, 2021
- Offering price
- $6.87 million total
- Floor plans
- Page 4 of the plan
- SubmittedAugust 2020
- AcceptedJanuary 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2022.
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.
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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Feb 16, 2021
Amendment establishes that first closing occurred January 11, 2021, temporary certificate of occupancy issued, condominium declaration recorded, and working capital and reserve fund accounts opened.
- First closing of title occurred January 11, 2021 at TSYNGAUZ & ASSOCIATES P.C.
- Temporary certificate of occupancy issued January 11, 2021, expires April 11, 2021
- Condominium declaration recorded December 1, 2020 in CRFN 202000033775
- Working capital account opened with Flushing Bank; current balance $710.70
- Reserve fund account opened with Flushing Bank; current balance $355.35
- All unsold units encumbered by mortgage to Yeva Gurevich with outstanding principal of $991,112.47
- Sponsor will relinquish board control within 30 days after January 11, 2024 or when unsold units are less than 50% of common interests, whichever is sooner
- Sponsor's attorney address changed to 114 Mulberry Street, 1st fl., New York, NY 10013
Amendment 1 Aug 20, 2020
Amendment declares the offering plan effective after sponsor accepted a purchase agreement for one unit, and discloses new New York State transfer and mansion tax rates effective July 1, 2019.
- Sponsor accepted purchase agreement for one unit (16.67% of units offered)
- Plan declared effective upon amendment filing
- New York transfer tax increased to 0.65% for residential properties $3 million or more (from 0.40% under $3 million)
- New York mansion tax supplemental rate added: 1.25% for $2–2.99 million, 1.50% for $3–4.99 million, 2.25% for $5–9.99 million, 3.25% for $10–19.99 million, 3.75% for $20–24.99 million, 3.9% for $25 million or more
- New taxes apply to closings after July 1, 2019, except contracts executed by April 1, 2019
- Typical closing costs may increase due to additional and supplemental taxes
Team
- Sponsor
- Conselyea Development LLC
- Principals
- Semyon Vays, Mark Zeldin
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- Yeva GurevichLender on the mortgage and building loan agreement recorded July 2018 in ACRIS; $2.49 million recorded
- General contractors
- Lic Development Holdings, Big Poll & Son Construct, BK BuildersHeld the general construction permit on DOB job 320591178
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
- 476 Union Avenuenext door · 9 units · 2015
- 21 Conselyea Street Condominiumnext door · 3 units · 2026
- 25 Conselyea Street Condominiumnext door · 2 units · 2024
- 30 Skillman Avenue Condominiumnext door · 7 units · 2023
- 38 Skillman Avenue Condominiumnext door · 3 units · 2024
- 40 Skillman Avenue Condominiumnext door · 6 units · 2023
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