1404 Bushwick Avenue Condominium
1404 Bushwick Avenue, Brooklyn, NY 11207
Overview
1404 Bushwick Avenue is a 10-unit condo in Brooklyn.
- Offering plan: Accepted December 2020 · 448 pages · floor plans on page 45
- Finishes: 8'6" ceilings, wood floors, quartz kitchen countertops, Nobila cabinets, Fisher & Paykel and Bosch appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $887 a square foot on average, as first offered; $7.27 million in all ($7.14 million when first offered)
- Common charges: $681–$1,472 a month, the sponsor's first-year estimate
- Sponsor: Bushwick Luxury LLC, represented by Mavrides Moyal Packman & Sadkin, LLP; principals Avraham Benhamo
- Neighborhood: Bushwick, Brooklyn
- Subway: 3-minute walk to Chauncey St (J, Z); 6 minutes to Bushwick Av-Aberdeen St (L)
- Amendments: 3, the latest in December 2021
- Units
- 10 residential
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 3 min walk to Chauncey St J ZBushwick Av-Aberdeen St L, 6 min
- Principals
- Avraham Benhamo
- Average $/sf
- $887Homes in Schedule A, as first offered
- Common charges
- $681–$1,472 a monthSponsor's first-year estimate in Schedule A, October 1, 2020 To September 30, 2021
- Offering price
- $7.27 million total $7.14 million when first offered
- Floor plans
- Page 45 of the plan
- SubmittedAugust 2021
- AcceptedDecember 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Oct 31, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Dec 9, 2021
Extended the offering plan's effective period by six months and amended the condominium declaration to add provisions regarding mortgagee consent and notice requirements.
- Offering plan effective period extended for six (6) months from acceptance date
- Added Article 7.11 requiring mortgagee consent procedures
- Added Article 7.12 requiring notice to mortgagees of condemnation, casualty loss, insurance changes, and board actions requiring mortgagee consent
- Mortgagees presumed to consent if they do not respond within sixty (60) days of written notice
Amendment 2 Dec 3, 2021
Second amendment reports first closing on December 1, 2021, temporary certificate of occupancy issued, condominium declaration recorded, and provides sponsor financial disclosures.
- First closing occurred December 1, 2021 for Unit 2F
- Temporary certificate of occupancy issued October 12, 2021
- Condominium declaration recorded November 16, 2021 under CRFN No. 2021000453016
- Nine (9) unsold units remain
- Working Capital Fund balance approximately $1,484.26 as of December 1, 2021
- Sponsor to relinquish board control after 95% of units sold or 5 years from first closing
- Reasonable cost to obtain permanent certificate of occupancy is $10,000.00
- Plan effective period extended six (6) months from acceptance of amendment
Amendment 1 Aug 30, 2021
Amendment updates purchase prices, budget, and building plans; changes management company, elevator type, and building systems; removes mailroom and outdoor terrace; delays first closing deadline to April 7, 2023 due to COVID-19 executive orders.
- Purchase prices of unsold units increased and/or decreased per revised Schedule A
- Budget updated; new projected First Year of Condominium Operation start date November 1, 2021
- Management company changed to EZ Management NY1 LLC at $15,600.00 per year
- Elevator type changed
- Air conditioning and heating system type changed
- Mailroom removed from building
- Outdoor terrace removed from building
- First closing deadline extended to April 7, 2023 due to COVID-19 executive order toll
Team
- Sponsor
- Bushwick Luxury LLC
- Principals
- Avraham Benhamo
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Goldman Sachs Bank$4.19 million recorded
- Title agency
- GlobalServe Title Agency Corp.The sponsor's title company for buyers; you can choose another · Named on p. 44
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
- Bushwick Avenue Loftsnext door · 12 units · 6 parking · 2024
- 1370 Bushwick Avenue Condominiumnext door · 10 units · 2017
- 71 Cooper Street Condominiumnext door · 8 units · 2018
- 696 Chauncey Street Condominiumnext door · 5 units · 2025
- The 1009 Decatur Street Condominium0.1 mi · 8 units · 2026
- 87a Cooper Street Condominium0.1 mi · 8 units · 2024
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