THE CONDO BOOK PROJECT

Bayard Pointe

135 Bayard Street, Brooklyn, NY 11222

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Overview

Bayard Pointe is a 5-unit condo in Brooklyn.

  • Offering plan: Accepted March 2017 · 311 pages · floor plans on pages 129–135
  • Finishes: Wood floors, laminate kitchen countertops, wooden cabinets, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $1,662 a square foot on average, as first offered; $8.93 million in all ($6.73 million when first offered)
  • Common charges: $340–$1,024 a month, the sponsor's first-year estimate
  • Sponsor: Freeman Villa LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Rafi Manor
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 7-minute walk to Nassau Av (G); 9 minutes to Graham Av (L)
  • Amendments: 4, the latest in May 2026
  1. SubmittedApril 2018
  2. AcceptedMarch 2017
  3. 4 amendments

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 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 3 Dec 16, 2019

Budget updated for January 1, 2021 operations start, construction complete pending building approvals, offering plan extended 6 months, and rescission rights offered to purchasers.

  • Budget updated for projected condominium operations beginning January 1, 2021
  • Construction complete; waiting for New York City Department of Buildings sign-offs and PCO/TCO
  • Units 2A, 2B & 4 currently in contract
  • Offering plan term extended for six (6) months
  • Rescission rights offered to all purchasers for 15 days after notification

Amendment 1 2018

Budget updated with new management company, reserve fund established, and offering plan extended.

  • Management company Freeman Villa LLC hired at $12,000 annually; no full-time resident superintendent
  • Working Capital Fund renamed to Reserve Fund (10% of budget); unit owners pay 2 months common charges as Initial Capital Payment at closing
  • "Repairs, services and supplies" reduced by $500 due to management company providing cleaning supplies
  • Unit 2A in contract
  • Construction complete; building has no TCO or PCO
  • Tax information may be inaccurate due to Tax Cuts and Jobs Act of 2017; buyers advised to consult tax expert
  • Offering plan term extended for six (6) months
What each amendment changed, line by lineSee it free →

Team

Sponsor
Freeman Villa LLC
Principals
Rafi Manor
Tax estimate
LAW OFFICES OF HERSHY ITZKOWITZ, P.C.Prepared the first-year real estate tax projection
Construction lender
Bcre Real Estate Funding$1.68 million recorded

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Zoning

Zoning district
M1-2/R6A
Special district
Special Mixed Use District (MX-8) (MX-8)

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

Nearby

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The Condo Book Project Are Bayard Pointe's common charges high for the area? Yes, they're on the high side. Bayard Pointe budgets $0.63 per square foot a month, against a $0.40 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?