125 Clifton Place Condominium
125 Clifton Place, Brooklyn, NY 11238
Overview
125 Clifton Place is a 6-unit condo in Brooklyn.
- Offering plan: Accepted April 2020 · 348 pages · floor plans on pages 30–31
- Finishes: Hardwood floors, LG and GE appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $6.17 million in all
- Common charges: $197–$479 a month, the sponsor's first-year estimate
- Sponsor: 125 Clifton Place LLC, represented by The Law Office Of Jay Lichtman, PC; principals Eliahu Nahman
- Subway: 2-minute walk to Classon Av (G); 5 minutes to Bedford-Nostrand Avs (G)
- Amendments: 1, the latest in September 2020
- Units
- 6 residential
- Subway
- 2 min walk to Classon Av GBedford-Nostrand Avs G, 5 min
- Principals
- Eliahu Nahman
- Common charges
- $197–$479 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 - August 31, 2021
- Offering price
- $6.17 million total
- Floor plans
- Pages 30–31 of the plan
- SubmittedSeptember 2020
- AcceptedApril 2020
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Apr 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 1 home.
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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Sep 3, 2020
Amendment adds FinCEN reporting requirements for certain cash purchases, implements new New York State transfer taxes on higher-priced units, declares the plan effective, and extends the plan term by six months.
- FinCEN Currency Transaction Report required for cash purchases of $300,000 or more by non-SEC-listed entities through November 5, 2020
- Real Estate Transfer Tax (Base Tax) increased to 0.65% for purchases of $3,000,000 or more (from 0.4%)
- New Supplemental Tax on purchases of $2,000,000 or more, ranging from 0.25% to 2.90% depending on purchase price
- Plan declared effective as of September 2, 2020 with one executed purchase agreement for 16% of residential units
- First closing delayed until amendment is accepted for filing by Department of Law
- Plan term extended six months from the amendment date
Team
- Sponsor
- 125 Clifton Place LLC
- Principals
- Eliahu Nahman
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Victory State Bank$1.15 million recorded
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 207
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Clifton Place Condominiumnext door · 32 units · 2009
- 424 Lafayette Avenue Condominiumnext door · 7 units · 2007
- 374 Classon Avenue Condominiumnext door · 7 units · 2024
- 105 Lexington Avenue Condominium0.1 mi · 31 units · 2007
- 71 Lexington Avenue Condominium0.1 mi · 5 units · 2006
- 114 Lexington Avenue Condominium0.1 mi · 16 units · 10 parking · 2023
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