THE CONDO BOOK PROJECT

127 Putnam Avenue Condominium

127 Putnam Avenue, Brooklyn, NY 11238

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Overview

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

  • Offering plan: Accepted August 2020 · 214 pages · floor plans on page 175
  • Finishes: Fisher & Paykel, Bertazzoni and Bosch appliances, a washer and dryer in each apartment and split-system units for heating and cooling
  • Prices: $1,202 a square foot on average, as first offered; $5.88 million in all ($5.93 million when first offered)
  • Common charges: $228–$362 a month, the sponsor's first-year estimate
  • Sponsor: 127 Putnam LLC, represented by Law Office Of Claudia V. Murdoch, P.C.; principals Guy Iber
  • Subway: 4-minute walk to Franklin Av (C, S); 7 minutes to Nostrand Av (A, C)
  • Amendments: 1, the latest in February 2021
  1. SubmittedFebruary 2021
  2. AcceptedAugust 2020
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

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 127 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 for 6 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 2 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Jan 12, 2021

Offering plan declared effective after acceptance of one purchase agreement; unit prices adjusted and plan extended six months.

  • Unit 1B price reduced from $1,350,000.00 to $1,250,000.00
  • Unit 2A price increased from $865,000.00 to $875,000.00
  • Unit 2B price increased from $860,000.00 to $875,000.00
  • Unit 3B price increased from $850,000.00 to $875,000.00
  • Offering plan extended for additional six (6) months
  • Plan declared effective with purchase agreement for Unit 3A (16.67% of units)
  • Schedule A prices increased for 3 homes (median +1.7%): 2A $865,000 → $875,000; 2B $860,000 → $875,000; 3B $850,000 → $875,000
  • Schedule A prices decreased for 1 home (median -7.4%): 1B $1,350,000 → $1,250,000
What the amendment changed, line by lineSee it free →

Team

Sponsor
127 Putnam LLC
Principals
Guy Iber
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Mazia, YuvalLender on the mortgage and building loan agreement recorded October 2018 in ACRIS
Title agency
Homeowners Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 97

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

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The Condo Book Project Are 127 Putnam Avenue's common charges high for the area? No, they're on the low side. 127 Putnam Avenue budgets $0.33 per square foot a month, against a $0.50 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 6 units, every budget line, every saleSee it free