THE CONDO BOOK PROJECT

141 Green Street Condominium

141 Green Street, Brooklyn, NY 11222

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Overview

141 Green Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted July 2020 · 302 pages · floor plans on page 19
  • Finishes: Hardwood floors, quartz kitchen countertops, Bosch appliances, washer/dryer hook-ups, Grohe bathroom fittings and central forced air for heating and cooling
  • Prices: $1,410 a square foot on average, as first offered; $9.3 million in all
  • Common charges: $404–$632 a month, the sponsor's first-year estimate
  • Developer: Investmates; principals Jakov Telyas
  • Sponsor: 141 Green LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 4-minute walk to Greenpoint Av (G); 14 minutes to Nassau Av (G)
  • Amendments: 3, the latest in March 2022
  1. SubmittedAugust 2020
  2. AcceptedJuly 2020
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Jan 31, 2022.

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 141 Green 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 6 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 7 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Mar 23, 2022

Amendment documents first closing, Certificate of Occupancy, Declaration recording, working capital fund deposit, Board of Managers information, and changes to transfer tax calculations.

  • First unit closed September 9, 2021
  • Final Certificate of Occupancy issued July 15, 2021 (CO number 3064046)
  • Declaration of Condominium recorded August 5, 2021 (CRFN# 2021000305655)
  • Working capital fund of $5,036.40 deposited, reserve fund of $559.60 deposited
  • All units sold (no unsold units)
  • Board of Managers meeting scheduled for March 29, 2022 to elect new board
  • NYS transfer tax calculation changed to include purchase price plus NYC transfer taxes paid (not both taxes)

Amendment 2 Mar 9, 2021

Plan declared effective after sponsor received executed purchase agreements for two units representing 33.33% of units offered.

  • Plan declared effective as of March 9, 2021
  • Two units with executed Purchase Agreements received (33.33% of units offered)

Amendment 1 Aug 26, 2020

First Closing moved to March 1, 2021; budget, tax assessment, and Schedule A updated accordingly.

  • First Closing date changed to March 1, 2021
  • Assessed valuation increased from $240,732.00 to $443,510.00
  • Tax rate changed from 12.612% to 12.473%
  • Updated budget and Schedule A attached
  • No units under contract; building lacks certificate of occupancy
What each amendment changed, line by lineSee it free →

Team

Sponsor
141 Green LLC
Developer
Investmates
Principals
Jakov Telyas
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
General contractor
Record 13 ConstructionHeld the general construction permit on DOB job 321516490
Buyer's lender
ABC Mortgage CorpThe sponsor's preferred mortgage lender; you can use another · Named on p. 55

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

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 141 Green Street's common charges high for the area? No, they're on the low side. 141 Green Street budgets $0.42 per square foot a month, against a $0.50 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?