THE CONDO BOOK PROJECT

1118 Condo Association

1118 39th Street, Brooklyn, NY 11218

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Overview

1118 Condo Association is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted February 2024 · 306 pages · floor plans on pages 152–155
  • Finishes: Hardwood floors, GE appliances, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $848 a square foot on average, as first offered; $3.1 million in all
  • Common charges: $420–$617 a month, the sponsor's first-year estimate
  • Sponsor: 1118 39th St LLC, represented by Law Office Of Hershy Itzkowitz, P.C.; principals Yosef Freund
  • Subway: 6-minute walk to Fort Hamilton Pkwy (D); 8 minutes to 9 Av (D)
  • Amendments: 1, the latest in August 2024
  1. SubmittedAugust 2024
  2. AcceptedFebruary 2024
  3. 1 amendment
  4. First sale

Sales

1 of 2homes sold (50%)
Every sale: 1 home, with price and dateSee it free →

From city records (ACRIS), through Apr 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 2 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 7 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
1118 39th St LLC
Principals
Yosef Freund
Tax estimate
Re Tax Service, IncPrepared the first-year real estate tax projection
Construction lender
Toorak Capital Partners
Property report
Alexander Sheyman, P.E.Prepared the plan's description of the property and its condition · Named on p. 113

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

Zoning

Zoning district
R6

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

Nearby

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The Condo Book Project Are 1118 Condo Association's common charges high for the area? No, they're on the low side. 1118 Condo Association budgets $0.28 per square foot a month, against a $0.36 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 2 units, every budget line, every saleSee it free