12 Lawton Street Condominium
12 Lawton Street, Brooklyn, NY 11221
Overview
12 Lawton Street is a 7-unit condo in Brooklyn.
- Offering plan: Accepted June 2020 · 294 pages · floor plans on page 7
- Finishes: Wood floors, stone kitchen countertops, Samsung and Frigidaire appliances, washer/dryer hook-ups and Delta bathroom fittings
- Prices: $1,095 a square foot on average, as first offered; $4.28 million in all
- Common charges: $491–$1,498 a month, the sponsor's first-year estimate
- Sponsor: Aco Ventures Ii LLC, represented by Marans Weisz & Newman LLC; principals Yair Danziger
- Neighborhood: Bushwick, Brooklyn
- Subway: 5-minute walk to Kosciuszko St (J); 6 minutes to Myrtle Av (J, M, Z)
- Amendments: 3, the latest in August 2022
- Units
- 7 residential
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 5 min walk to Kosciuszko St JMyrtle Av J M Z, 6 min
- Principals
- Yair Danziger
- Average $/sf
- $1,095Homes in Schedule A, as first offered
- Common charges
- $491–$1,498 a monthSponsor's first-year estimate in Schedule A, October 1, 2020 - September 30, 2021
- Offering price
- $4.28 million total
- Floor plans
- Page 7 of the plan
- SubmittedMarch 2021
- AcceptedJune 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 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 5 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 3 Aug 30, 2022
Common Interest Percentages revised, budget updated with lower common charges and insurance costs, property taxes updated for 2022/2023 tax year, selling agent changed to Christie's International Real Estate, and offering term extended six months.
- Common Interest Percentages revised for all 7 units (Unit 1A decreased from 31.0002% to 23.8984%; other units adjusted)
- Estimated Common Charges decreased from $57,980.60 to $40,026.60 annually
- Insurance decreased from $5,200.00 to $3,545.00 annually based on May 26, 2022 quote
- Service Contracts increased from $10,000.00 to $14,220.00 annually with janitorial services moved from Labor
- Reserve Fund decreased from $5,800.00 to $4,000.00 annually
- Property taxes updated to reflect actual 2022/2023 tax year releases
- Selling Agent changed to Christie's International Real Estate at 20 Rockefeller Plaza, New York, NY 10020
- Offering term extended by six months
Amendment 2 Jan 12, 2022
Amendment discloses post-closing status including first unit closing on August 30, 2021, temporary certificate of occupancy, fund balances, and board composition.
- First Unit Closing took place on August 30, 2021
- Temporary Certificate of Occupancy issued August 6, 2021, renewed and set to expire May 24, 2022
- Sponsor posted $10,000.00 as security to obtain permanent Certificate of Occupancy
- Declaration recorded August 12, 2021 with City Register
- Working Capital Fund balance: $2,505.19; Reserve Fund balance: $4,469.05
- As of submission date, only Units 1A and 4A are unsold
- Board of Managers members: Yair Danziger, Rachel Danziger, and Ariella Danziger
Amendment 1 Mar 11, 2021
Plan declared effective after two units were sold, meeting the required percentage threshold.
- Plan declared effective
- Two units sold (28% of units in building)
- Purchase agreements executed: Unit 2A on 2/2/2021, Unit 3B on 3/5/2021
Team
- Sponsor
- Aco Ventures Ii LLC
- Principals
- Yair Danziger
- Counsel
- Marans Weisz & Newman LLC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Webster Business Credit
- General contractors
- Harris Home Repair & Development, Doppler Innovations, Golden Gate Bapaz ConstructionHeld the general construction permit on DOB job 321183802
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
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- Dodnext door · 5 units · 2015
- 483 Hart Street Condominiumnext door · 2 units · 2021
- 718 Bushwick Avenue Condominiumnext door · 8 units
- 1089 Dekalb Avenue Condominium0.1 mi · 4 units · 2018
- 450 Hart Street Condominium0.1 mi · 6 units · 2019
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