THE CONDO BOOK PROJECT

1228 Putnam Avenue Condominium

1228 Putnam Avenue, Brooklyn, NY 11221

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Overview

1228 Putnam Avenue is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted December 2021 · 262 pages
  • Finishes: 9-foot ceilings, hardwood floors, stone kitchen countertops, plywood cabinets, Bertazzoni appliances, washer/dryer hook-ups, Brizo bathroom fittings and split-system units for heating and cooling
  • Prices: $986 a square foot on average, as first offered; $3.82 million in all ($3.67 million when first offered)
  • Common charges: $214–$573 a month, the sponsor's first-year estimate
  • Sponsor: 1228 Putnam LLC, represented by Eial Girtz, PC
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 10-minute walk to Halsey St (J); 11 minutes to Gates Av (J, Z)
  • Amendments: 1, the latest in January 2022
  1. SubmittedJanuary 2022
  2. AcceptedDecember 2021
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

4 of 6homes sold (67%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2023.

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 1228 Putnam Avenue's common charges compare with similar buildings? →

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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Jan 21, 2022

Amendment revises floor plans to reflect as-built conditions, adjusts storage room allocations, and increases offering prices for all units.

  • All 6 units increased in offering price: Unit 1 from $975,000.00 to $999,000.00, Unit 2 from $849,000.00 to $899,000.00, Units 3A and 4A from $449,000.00 to $465,000.00 each, Units 3B and 4B from $475,000.00 to $495,000.00 each
  • Storage room allocations changed: Units 3A, 3B, 4A, 4B increased from 27sf to 35sf each; Units 1 and 2 no longer have allocated storage rooms
  • Floor plans revised to reflect as-built conditions with horizontal extension at rear and vertical extension adding 3rd and 4th floors
  • Construction anticipated completion in March 2022 with Temporary Certificate of Occupancy in May 2022 and Final Certificate of Occupancy 2 months after
What the amendment changed, line by lineSee it free →

Team

Sponsor
1228 Putnam LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.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

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 1228 Putnam Avenue's common charges high for the area? No, they're on the low side. 1228 Putnam Avenue budgets $0.51 per square foot a month, against a $0.60 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?