1226 St. Marks Avenue Condominium
1226 St. Marks Avenue, Brooklyn, NY 11213
Overview
1226 St. Marks Avenue is an 8-unit condo in Brooklyn.
- Offering plan: Accepted September 2021 · 332 pages · floor plans on pages 23–24
- Finishes: Hardwood floors, solid-surface kitchen countertops, Frigidaire appliances, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $986 a square foot on average, as first offered; $4.85 million in all
- Common charges: $265–$483 a month, the sponsor's first-year estimate
- Developer: RNY Development Group; principals Yaakov Peretz
- Sponsor: 1226 St. Marks Ave LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 10-minute walk to Crown Hts-Utica Av (3, 4); 11 minutes to Utica Av (A, C)
- Amendments: 5, the latest in June 2026
- Units
- 8 residential
- Subway
- 10 min walk to Crown Hts-Utica Av 3 4Utica Av A C, 11 min
- Developer
- RNY Development Group
- Principals
- Yaakov Peretz
- Average $/sf
- $986Homes in Schedule A, as first offered
- Common charges
- $265–$483 a monthSponsor's first-year estimate in Schedule A, November 1, 2021 - October 31, 2022
- Offering price
- $4.85 million total
- Floor plans
- Pages 23–24 of the plan
- SubmittedSeptember 2023
- AcceptedSeptember 2021
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2026.
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.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 May 14, 2026
The offering plan is declared effective based on two bona fide purchase agreements representing 25% of the eight residential units.
- Plan declared effective with execution of purchase agreements for Units 2A (1/30/26) and 3B (5/5/26)
- Two residential units sold, representing 25% of eight units offered
Amendment 3 Sep 8, 2025
Condominium commencement date moved to October 1, 2025, with updated budget and final certificate of occupancy issued.
- Condominium commencement date expected October 1, 2025
- Updated budget for year October 1, 2025 - September 30, 2026
- Final certificate of occupancy issued July 1, 2025
- No units currently under contract
Amendment 2 Feb 28, 2025
Property foreclosed and purchased by new sponsor GB Mazal LLC; condominium commencement date expected July 1, 2025; updated budget and tax projections.
- New Sponsor GB Mazal LLC acquired property December 17, 2024 in foreclosure
- Condominium commencement date expected July 1, 2025
- Projected first year real estate taxes approximately $59,878.00 based on $479,024.00 assessed valuation
- Updated Schedule A with revised commencement date and tax projections
- Unit 4B under contract
- All purchasers granted right to rescind within 15 days of amendment presentation
- New Sponsor disclaims liability for original construction; responsible for ongoing completion work
Amendment 1 Feb 28, 2024
First closing date moved to October 1, 2023, with revised budget, tax projections, and rescission rights for all purchasers.
- First closing date changed to October 1, 2023
- Post-construction assessed valuation decreased from $416,363.00 to $410,686.00
- First year blended projected assessment approximately $386,206.00, resulting in taxes approximately $47,376.00
- Projected tax rate 12.267%
- Sponsor's attorney address: 2329 Nostrand Avenue, Suite 400, Brooklyn, NY 11210
- Escrow bank name changed from Signature Bank to Flagstar Bank
- All purchasers granted rescission rights within 15 days of amendment presentation
- Revised budget and tax opinion letter attached as Exhibits A and B
Team
- Sponsor
- 1226 St. Marks Ave LLC
- Developer
- RNY Development Group
- Principals
- Yaakov Peretz
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- 1Sharpe Opportunity Intermediate Trust
- General contractors
- Morgan Services Group, H.p.n. Construction, W & L Group ConstructionHeld the general construction permit on DOB job 320910403
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 1668 Dean Street Condominium0.2 mi · 8 units · 2026
- 1490 Saint Johns Place Condominium0.2 mi · 8 units · 2020
- 1570 Prospect Place Condominium0.3 mi · 7 units · 3 parking · 2005
- 42 Rochester Avenue Condominium0.3 mi · 5 units
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