THE CONDO BOOK PROJECT

140 Luquer Street Condominium

140 Luquer Street, Brooklyn, NY 11231

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Overview

140 Luquer Street is a condo in Brooklyn.

  • Offering plan: Accepted April 2020 · 265 pages
  • Finishes: Engineered wood floors, quartz kitchen countertops, Interni Cucine cabinets, Sub-Zero, Wolf and Bosch appliances, a washer and dryer in each apartment, Kohler bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,679 a square foot on average, as first offered; $7 million in all
  • Common charges: $420 a month, the sponsor's first-year estimate
  • Developer: National Realty Investment Advisors LLC; principals Rey Grabato
  • Sponsor: Luquer Street Capital 140, LLC, represented by Gabor & Marotta LLC
  • Subway: 7-minute walk to Smith-9 Sts (F, G); 7 minutes to Carroll St (F, G)
  • Amendments: 1, the latest in June 2020
  1. SubmittedAugust 2019
  2. AcceptedApril 2020
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through Mar 31, 2025.

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 140 Luquer 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 4 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 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
Luquer Street Capital 140, LLC
Principals
Rey Grabato
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Lending One$3.04 million loan stated in the plan
Title agency
Princeton Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Washington Title Insurance Company · Named on p. 106

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 What does the offering plan say about subletting at 140 Luquer Street? Who were 140 Luquer Street's sponsor, attorney and architect?
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