1105 Cortelyou Road Condominium (Stratford Terrace)
1105 Cortelyou Road, Brooklyn, NY 11218
Overview
Stratford Terrace is a 10-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted September 2022 · 344 pages · floor plans on page 30
- Finishes: Wood floors, marble kitchen countertops, wood cabinets, Amana appliances, a washer and dryer in each apartment, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $16.6 million in all ($9.83 million when first offered)
- Developer: Triple C Builders LLC; principals Chaim Rosenwasser
- Sponsor: 1105 Cortelyou Realty LLC, represented by The Law Office Of Jay Lichtman, PC
- Neighborhood: Flatbush, Brooklyn
- Subway: 5-minute walk to Cortelyou Rd (Q); 9 minutes to Beverley Rd (Q)
- Amendments: 2, the latest in July 2023
- Units
- 10 residential · 1 commercial
- Neighborhood
- Flatbush, Brooklyn
- Subway
- 5 min walk to Cortelyou Rd QBeverley Rd Q, 9 min
- Developer
- Triple C Builders LLC
- Principals
- Chaim Rosenwasser
- Offering price
- $16.6 million total $9.83 million when first offered
- Floor plans
- Page 30 of the plan
- SubmittedMay 2023
- AcceptedSeptember 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jun 30, 2026.
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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 July 2023
Prices for three units are raised, the plan is declared effective with two purchase agreements, and the plan term is extended six months.
- Unit 202 offering price raised to $790,000
- Unit 401 offering price raised to $1,110,000
- Unit 601 offering price raised to $1,685,000
- Plan declared effective June 15, 2023 with 2 units sold (20% of residential units)
- New total offering price including all units and storage licenses is $16,605,000
- Plan term extended six months from amendment date
Amendment 1 May 3, 2023
Amendment establishes offering prices for 10 residential units and 1 commercial unit, adds construction and building system details, and specifies fees and taxes for the commercial unit purchase.
- Offering prices set for Units 1-6 ranging from $775,000 to $5,000,000
- Commercial Unit 1 offered for sale at $5,000,000 in AS IS, vanilla box condition
- Purchaser of Unit 1 pays full mortgage recording tax, NYC and NYS real property transfer taxes, and sponsor attorney fees totaling up to $8,450
- Construction completion anticipated in June 2023; demolition completed May 2019, construction began November 2021
- Building detail specifications added: Zephyr casement windows with thermal break, GAF roof, Daikin HVAC systems with 1-year warranty
- Lot line windows on Units 202, 302, 401 (2 each) and Units 501, 601 (4 each) cannot be used for required light and air
- Roof terraces allocated to Units 601 and as common elements with occupancy limits of 1-5 persons
- Storage rooms in cellar retained by Sponsor and sold via license agreements
- Schedule A prices increased for 10 homes (median +13.5%): 201 $795,000 → $875,000; 202 $695,000 → $775,000; 203 $955,000 → $1,100,000; 301 $1,075,000 → $1,195,000; ...
Team
- Sponsor
- 1105 Cortelyou Realty LLC
- Developer
- Triple C Builders LLCReported by streeteasy.com
- Principals
- Chaim Rosenwasser
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- The Bank of Princeton
- General contractors
- Triple C Interiors, Triple C BuildersHeld the general construction permit on DOB job 321594324
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 210
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Kensington Manor Condominium0.2 mi · 76 units · 38 parking · 2024
- 475 East 8th Street Condominium0.2 mi · 12 units · 2008
- 495 East 7th Street *0.2 mi · 1989
- Ocean 24 Condominium0.3 mi · 24 units · 17 parking · 2022
- Cypress Condominium0.3 mi · 14 units · 2018
- 350 Ocean Parkway0.3 mi · 1983
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