THE CONDO BOOK PROJECT

Azrad Condominium Association

1404 Ocean Parkway, Brooklyn, NY 11230

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Overview

Azrad Condominium Association is a 12-unit condo in Brooklyn, with 6 parking units and 1 commercial unit.

  • Offering plan: Accepted May 2017 · 356 pages · floor plans on page 335
  • Finishes: Tile floors, laminate kitchen countertops, Frigidaire appliances, washer/dryer hook-ups and central forced air for heating and cooling
  • Prices: $16.9 million in all
  • Sponsor: 512 Avenue N LLC, represented by Jeffrey Zwick & Associates, P.C.; principals Yaacov Azrad
  • Neighborhood: Midwood, Brooklyn
  • Subway: 8-minute walk to Avenue N (F); 11 minutes to Avenue P (F)
  • Amendments: 3, the latest in June 2019
  1. SubmittedMarch 2018
  2. AcceptedMay 2017
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

12 of 12homes sold (100%)
Every sale: 13 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 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 Azrad Condominium Association's common charges compare with similar buildings? →

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

Team

Sponsor
512 Avenue N LLC
Principals
Yaacov Azrad
Tax estimate
Moseson & Associates Corp.Prepared the first-year real estate tax projection
Construction lender
Popular BankLender on the mortgage and building loan agreement recorded September 2016 in ACRIS; $6.69 million recorded
General contractor
Jacobs DevelopmentHeld the general construction permit on DOB job 310014800
Property report
SCHNEIDER ASSOCIATESPrepared the plan's description of the property and its condition · Named on p. 174

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning districts
R6A, R5The lot is split between two districts, the largest share first
Special district
Special Ocean Parkway District (OP)Subdistrict Area

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

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