THE CONDO BOOK PROJECT

1346 Pacific Street Condominium

1346 Pacific Street, Brooklyn, NY 11216

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Overview

1346 Pacific Street is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted June 2023 · 425 pages · floor plans on page 53
  • Finishes: Engineered wood floors, granite kitchen countertops, shaker cabinets, Summit, Blomberg and Bosch appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $994 a square foot on average, as first offered; $5.34 million in all
  • Common charges: $318–$960 a month, the sponsor's first-year estimate
  • Developer: Prime Equity; principals David Zoarets and Yaron Shemesh
  • Sponsor: 1346 Pacific St LLC, represented by Mavrides Moyal Packman Sadkin
  • Subway: 8-minute walk to Nostrand Av (A, C); 8 minutes to Kingston-Throop Avs (C)
  • Amendments: 2, the latest in August 2024
  1. SubmittedOctober 2023
  2. AcceptedJune 2023
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through Mar 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 1346 Pacific Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 7 homes.

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

Amendments

Amendment 1 Oct 11, 2023

Plan declared effective upon acceptance of three purchase agreements representing 42% of seven units offered.

  • Plan declared effective based on three executed purchase agreements
  • Three units (3A, 3B, 4B) under contract at prices $595,000, $620,000, $590,000
What the amendment changed, line by lineSee it free →

Team

Sponsor
1346 Pacific St LLC
Developer
Prime EquityReported by web.archive.org
Principals
David Zoarets, Yaron Shemesh
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$2.45 million recorded
General contractors
Sat Construction Services, HP Building ManagementHeld the general construction permit on DOB job 321588956
Title agency
GlobalServe Title Agency Corp.The sponsor's title company for buyers; you can choose another · Named on p. 41

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 1346 Pacific Street's common charges high for the area? No, they're on the low side. 1346 Pacific Street budgets $0.57 per square foot a month, against a $0.70 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 7 units, every budget line, every saleSee it free