THE CONDO BOOK PROJECT

Villas At India

116 India Street, Brooklyn, NY 11222

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Overview

Villas At India is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted November 2019 · 310 pages · floor plans on pages 139–143
  • Finishes: Wood floors, laminate kitchen countertops, wooden cabinets, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $1,361 a square foot on average, as first offered; $6.37 million in all
  • Developer: Bar Chaim Group LLC; principals Arie Bar Chaim
  • Sponsor: 116 India Street Villa LLC, represented by Law Office Of Hershy Itzkowitz, Esq
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 1-minute walk to Greenpoint Av (G); 11 minutes to Nassau Av (G)
  • Amendments: 3, the latest in March 2022
  1. SubmittedNovember 2020
  2. AcceptedNovember 2019
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 31, 2025.

First-Year Budget

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 7 homes.

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

Closing Costs

The plan lists what a buyer pays at closing.

All 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Mar 31, 2022

Amendment reports post-closing status, transfer tax obligations, and extends the offering plan.

  • Unit 6 closed January 21, 2022
  • Declaration of Condominium filed July 27, 2021 (CRFN #2021000289164)
  • Final Certificate of Occupancy issued January 13, 2021
  • Working capital fund of $3,590.76 deposited at Chase Bank
  • Sponsor controls Board for 5 years from first closing or until all units sold
  • First unit owner meeting scheduled before January 2023
  • Sponsor transferring NYS transfer tax obligation to purchaser
  • Offering plan extended for 6 months

Amendment 2 Mar 11, 2021

The plan is declared effective after two units were purchased, and the offering term is extended six months.

  • Plan declared effective as of March 11, 2021
  • Two units purchased: Unit 2A ($739,000) and Unit 4B ($670,000), representing 28.57% of units
  • Offering plan terms extended for six months

Amendment 1 Nov 26, 2020

Budget updated for January 1, 2021 operations start, escrow agent address changed, mechanical equipment modified, and offering plan term extended six months.

  • Budget updated for January 1, 2021 commencement of condominium operations
  • Escrow agent changed to The Law Office of Siamak Darouvar, Esq., 393 Jericho Turnpike, Suite 208, Mineola, NY 11501
  • Mechanical equipment changes reflected in updated architect report
  • Offering plan term extended six (6) months
What each amendment changed, line by lineSee it free →

Team

Sponsor
116 India Street Villa LLC
Principals
Arie Bar Chaim
Tax estimate
Metropolitan Realty Exemptions, IncPrepared the first-year real estate tax projection
Construction lender
Ontario Wealth Management Corporation$2.35 million recorded
General contractors
M Remodeling, Brooklyn AzHeld the general construction permit on DOB job 320622199
Property report
Alexander Sheyman, P.E.Prepared the plan's description of the property and its condition · Named on p. 110

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

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The Condo Book Project Are Villas At India's common charges high for the area? Yes, they're on the high side. Villas At India budgets $0.60 per square foot a month, against a $0.51 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?