Culver Developments 1a & 1b Condominium
1204-1232 And 1264-1276 37th Street, Brooklyn, NY 11218
Overview
Culver Developments 1a & 1b is a 36-unit condo in Brooklyn, with 9 parking units.
- Offering plan: Accepted March 2021 · 518 pages · floor plans on page 272
- Finishes: Hardwood floors, laminate kitchen countertops, GE appliances and washer/dryer hook-ups
- Prices: $297 a square foot on average, as first offered; $18.1 million in all ($15.6 million when first offered)
- Common charges: $350 a month, the sponsor's first-year estimate
- Developer: Mosab Construction, Corp.; principals Abraham Moses, Avrohom Jaffe and Menachem Shayovich
- Sponsor: Culver Housing Developments LLC, represented by Krieger & Prager, LLP
- Neighborhood: Borough Park, Brooklyn
- Subway: 9-minute walk to Church Av (F, G); 10 minutes to Fort Hamilton Pkwy (D)
- Amendments: 2, the latest in March 2022
- Units
- 36 residential · 9 parking
- Neighborhood
- Borough Park, Brooklyn
- Subway
- 9 min walk to Church Av F GFort Hamilton Pkwy D, 10 min
- Developer
- Mosab Construction, Corp.
- Principals
- Abraham Moses, Avrohom Jaffe, Menachem Shayovich
- Average $/sf
- $297Homes in Schedule A, as first offered
- Common charges
- $350 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 - December 31, 2021
- Offering price
- $18.1 million total $15.6 million when first offered
- Floor plans
- Page 272 of the plan
- SubmittedAugust 2021
- AcceptedMarch 2021
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 35 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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Mar 16, 2022
Amendment updates special risks regarding FinCEN reporting requirements, confirms first closing and building occupancies, establishes bank accounts, and extends offering plan term.
- FinCEN Geographic Targeting Order reporting requirement for certain cash purchases $300,000+ through April 24, 2023
- First closing occurred April 7, 2022
- All nine buildings received Final Certificates of Occupancy between February 15 and March 29, 2022
- Working capital account of $14,817.00 established at Chase Bank
- Reserve account of $23,225.00 established at Chase Bank
- Sponsor controls three unsold units with aggregate monthly charges of $1,044.00 and taxes of $584.30
- Board of Managers control transferred to unit owners on September 23, 2022
- Offering plan term extended six months
Amendment 1 Aug 31, 2021
Plan declared effective after receiving purchase agreements for 23 units (63% of residential units), and term extended six months.
- Plan declared effective as of August 31, 2021
- 23 units under purchase agreement representing 63% of residential units
- First unit closing delayed until amendment accepted for filing by Department of Law
- Plan term extended six months from amendment date
Team
- Sponsor
- Culver Housing Developments LLC
- Developer
- Mosab Construction, Corp.
- Principals
- Abraham Moses, Avrohom Jaffe, Menachem Shayovich
- Counsel
- Krieger & Prager, LLP
- Tax estimate
- KRIEGER & PRAGER, LLPPrepared the first-year real estate tax projection
- Construction lender
- The Bank of Princeton
- General contractor
- Mosab ConstructionHeld the general construction permit on DOB job 320190324
- Title agency
- Madison Title AgencyThe sponsor's title company for buyers; you can choose another · Agent for Old Republic National Title Insurance Company · Named on p. 73
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- M1-2/R6A
- Special district
- Special Mixed Use District (MX-12) (MX-12)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 1269 38th Street Condominium0.1 mi · 4 units · 2022
- 182 Minna Street Condominium0.1 mi · 6 units · 2022
- 1118 Condo Association0.1 mi · 2 units · 2024
- 13/38th Street Condominium0.2 mi · 21 units · 2015
- 1265 41st Street Condominium0.2 mi · 2 units · 2022
- 1119 42nd Street Condominium0.3 mi · 8 units · 2026
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