1273 Dekalb Avenue Condominium
1273 Dekalb Avenue, Brooklyn, NY 11221
Overview
1273 Dekalb Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted May 2017 · 308 pages · floor plans on page 28
- Finishes: Hardwood floors, granite kitchen countertops, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,076 a square foot on average, as first offered; $3.15 million in all ($2.17 million when first offered)
- Developer: Urban View Development Corporation; principals Nadav Hamo
- Sponsor: 1273 Dekalb LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 3-minute walk to Central Av (M); 8 minutes to Kosciuszko St (J)
- Amendments: 4, the latest in October 2018
- Units
- 4 residential
- Subway
- 3 min walk to Central Av MKosciuszko St J, 8 min
- Developer
- Urban View Development Corporation
- Principals
- Nadav Hamo
- Average $/sf
- $1,076Homes in Schedule A, as first offered
- Offering price
- $3.15 million total $2.17 million when first offered
- Floor plans
- Page 28 of the plan
- SubmittedAugust 2017
- AcceptedMay 2017
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 31, 2023.
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.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Oct 31, 2018
Sponsor relinquished board control, adopted smoking policy, and updated unsold unit and financial information.
- Sponsor relinquished control of the Condominium Board
- Smoking prohibited in indoor common areas; permitted in units and all outdoor areas
- One unsold unit held by Sponsor with monthly real estate taxes of $859.51 and common charges of $645.93
- Aggregate monthly real estate taxes for Sponsor's units approximately $859.51
- Aggregate monthly common charges for Sponsor's units $645.93
- Current certified budget for first year of operations totaling $20,669 in income and expenses
- Sponsor owns more than 10% interests in 33 other condominium plans in Brooklyn
Amendment 3 May 4, 2018
Plan declared effective with first closing completed; working capital fund deposited and board control relinquished to unit owners.
- Plan declared effective on October 31, 2017; one unit (25% of five units) had executed Purchase Agreement
- First closing occurred December 21, 2017
- Final Certificate of Occupancy issued September 20, 2017 (CO Number 320577755F)
- Declaration of Condominium recorded December 5, 2017 (CRFN#: 2017000444889)
- Working capital fund of $1,481.00 deposited; reserve fund allocation $148.10 (10% of budget)
- Sponsor relinquished board control; two (2) unsold units retained by Sponsor
- Sponsor aggregate monthly real estate taxes $1,602.41; common charges $981.92
- Tax Cuts and Jobs Act of 2018 may affect homeownership tax deductions and projections in plan
Amendment 2 Oct 16, 2017
Amendment updates condominium commencement date to December 1, 2017, revises budget and Schedule A, allocates roof storage to unit 4, and notes unit 4 is under contract.
- Projected commencement date moved to December 1, 2017
- Budget revised with updated projections for first year operations
- Schedule A updated reflecting adjusted common charges and common interest percentages
- Storage room on roof allocated to unit 4 as limited common element
- Unit 4 under contract; purchasers consented to changes in writing
- Schedule A prices increased for 4 homes (median +48.3%): 1 $655,000 → $899,000; 2 $505,000 → $749,000; 3 $505,000 → $751,000; 4 $505,000 → $749,000
Amendment 1 Aug 24, 2017
Offering prices updated for four units.
- Unit 1 price: $899,000.00
- Unit 2 price: $749,000.00
- Unit 3 price: $751,000.00
- Unit 4 price: $749,000.00
Team
- Sponsor
- 1273 Dekalb LLC
- Developer
- Urban View Development Corporation
- Principals
- Nadav Hamo
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lenders
- Fine, David, Goben, K, Landesman Kerstein, Moshe, DovLender on the mortgage and building loan agreement recorded August 2014 in ACRIS; $1.15 million recorded
- General contractor
- Ile Construction GroupHeld the general construction permit on DOB job 320577755
- Property report
- INFOCUSPrepared the plan's description of the property and its condition · Named on p. 122
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
- 1269 Dekalb Avenue Condominiumnext door · 10 units · 2020
- 1249 Dekalb Avenue Condominiumnext door · 6 units · 2019
- 53 Stanhope Street Condominiumnext door · 8 units · 2024
- 64 Stanhope Street Condominium0.1 mi · 8 units · 2019
- 48 Stanhope Street Condominium0.1 mi · 8 units · 2025
- 54 Himrod Street Condominium0.2 mi · 6 units · 2020
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