118 Remsen Street Condominium
118 Remsen Street, Brooklyn, NY 11201
Overview
118 Remsen Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted July 2024 · 314 pages · floor plans on pages 182–187
- Finishes: Hardwood floors, quartz kitchen countertops, wood or laminate cabinets, Liebherr and Viking appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $2,077 a square foot on average, as first offered; $15.8 million in all ($14.4 million when first offered)
- Common charges: $594–$1,610 a month, the sponsor's first-year estimate
- Developers: Saffayeh Construction Corp. and Saffayeh Development LLC
- Sponsor: Bk Heights Remsen Fund L.P., represented by Tsyngauz & Associates, P.C.
- Neighborhood: Brooklyn Heights, Brooklyn
- Subway: 3-minute walk to Borough Hall/Court St (2, 3, 4, 5, R); 6 minutes to Clark St (2, 3)
- Amendments: 3, the latest in May 2025
- Other filings: C880228 (co-op plan, filed 1988)
- Units
- 4 residential
- Neighborhood
- Brooklyn Heights, Brooklyn
- Subway
- 3 min walk to Borough Hall/Court St 2 3 4 5 RClark St 2 3, 6 min
- Average $/sf
- $2,077Homes in Schedule A, as first offered
- Common charges
- $594–$1,610 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
- Offering price
- $15.8 million total $14.4 million when first offered
- Floor plans
- Pages 182–187 of the plan
- SubmittedNovember 2024
- AcceptedJuly 2024
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 118 Remsen Street's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 1 home.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 76 1st Place25 units · 0.9 miaccepted 2024 | 353 6th34 units · 1.7 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.47In line | $0.39 | $0.72 |
| Average Offering PricePer Apartment | $3.91MHighest | $2.76M | $2.21M |
| Average PricePer Square Foot | $2,077In line | $1,823 | $2,100 |
| Average Unit SizeSquare Feet | 1,883 SFLargest | 1,514 SF | 1,054 SF |
How We Got This
- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
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 3 May 14, 2025
Third amendment confirms first closing occurred April 25, 2025, temporary certificate of occupancy issued April 11, 2025, and establishes escrow deposit and condominium accounts.
- First closing occurred April 25, 2025
- Temporary certificate of occupancy issued April 11, 2025
- $7,500.00 deposited in escrow for final certificate of occupancy
- Condominium declaration recorded February 4, 2025
- Real estate taxes separately assessed as of July 1, 2025
- Operating account opened with $570.57, working capital account with $1,156.53, reserve fund with $128.50
- Common charges collection delayed until June 2025
- Three units remain unsold: Units 1, 3, and 4
Amendment 2 Jan 7, 2025
Amendment declares the offering plan effective, updates unit designations and specifications, and adjusts square footages following substantial construction completion in February 2025.
- Plan declared effective December 20, 2024 upon acceptance of Unit 2 purchase agreement (25% of units)
- Construction substantially completed February 2025; temporary certificate of occupancy anticipated by end of March 2025, final by April 2025
- Unit designations changed: Townhouse to Unit 1, Penthouse 2 to Unit 3, Penthouse 1 to Unit 4
- Unit 1 increased to 4 bedrooms and 4 full bathrooms plus 1 powder room
- Square footage adjustments to Units 1, 2, 3, and 4 per revised floor plans
- Roof deck areas assigned to Units 2 and 4 decreased
- Schedule A and Schedule B to Declaration amended to reflect all changes
Amendment 1 Nov 25, 2024
Sponsor revised the offering price of Unit 2.
Team
- Sponsor
- Bk Heights Remsen Fund L.P.
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Limited height district
- LH-1
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 138 Joralemonnext door · 3 units · 2026
- 103 Joralemon Street Condominiumnext door · 4 units · 2026
- 170 Clinton Street Condominium0.2 mi · 5 units · 2024
- 67 Livingston Street Condominium0.2 mi · 22 units · 2018
- 36 Remsen Street Condominium0.2 mi · 4 units · 2024
- 28-30 Monroe Place Owners Corp.0.2 mi · 1987
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