11a Somers Street Condominium
11a Somers Street, Brooklyn, NY 11233
Overview
11a Somers Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted March 2021 · 306 pages · floor plans on page 32
- Prices: $926 a square foot on average, as first offered; $3.23 million in all
- Common charges: $434–$583 a month, the sponsor's first-year estimate
- Developer: Skyland Equities
- Sponsor: Edm Sommers LLC, represented by Jeffrey Zwick & Associates, P.C.
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 1-minute walk to Rockaway Av (C); 9 minutes to Chauncey St (J, Z)
- Amendments: 1, the latest in March 2022
- Units
- 4 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 1 min walk to Rockaway Av CChauncey St J Z, 9 min
- Developer
- Skyland Equities
- Average $/sf
- $926Homes in Schedule A, as first offered
- Common charges
- $434–$583 a monthSponsor's first-year estimate in Schedule A, May 1, 2021 - April 30, 2022
- Offering price
- $3.23 million total
- Floor plans
- Page 32 of the plan
- SubmittedMarch 2022
- AcceptedMarch 2021
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jan 31, 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 4 homes.
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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Feb 24, 2022
First closing date moved to May 1, 2022 with updated budget, tax projections, and transfer tax law clarification.
- First closing projected date changed to May 1, 2022
- Projected tax rate reduced from 21.045% to 12.235% based on January 2022 assessment
- Post-construction assessed valuation reduced from $345,906 to $132,541
- First year projected taxes approximately $10,186 on blended assessed valuation of approximately $83,251
- Updated Schedule B budget for period May 1, 2022 – April 30, 2023 with common charges of $22,843
- NYS transfer taxes now calculated only on NYC transfer taxes paid by purchaser, not both NYS and NYC transfer taxes
Team
- Sponsor
- Edm Sommers LLC
- Developer
- Skyland Equities
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Hampton PartnersLender on the mortgage and building loan agreement recorded November 2018 in ACRIS; $2.45 million recorded
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Commercial overlay
- C2-3
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 190 Macdougal Street Condominiumnext door · 6 units · 2025
- 279 Sumpter Street Condominium0.2 mi · 17 units · 9 parking · 2020
- 1325 Herkimer Condominium0.2 mi · 32 units · 16 parking · 2018
- 84 Macdougal Street Condominium0.2 mi · 2 units · 2024
- 389 Sumpter Street Condominium0.3 mi · 8 units · 2020
- 483 Marion Street Condominium0.3 mi · 3 units · 2021
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