1462 Flatbush Avenue Condominium (The Avanti)
1462 Flatbush Avenue, Brooklyn, NY 11210
Overview
The Avanti is a 45-unit condo in Brooklyn, with 2 commercial units.
- Offering plan: Accepted August 2022 · 357 pages · floor plans on pages 31–32
- Finishes: 8'10" ceilings, vinyl plank floors, quartz kitchen countertops, Blomberg and Frigidaire appliances, a washer and dryer in each apartment, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $918 a square foot on average, as first offered; $28.1 million in all
- Common charges: $313–$707 a month, the sponsor's first-year estimate
- Developer: Threefold Development; principals Eliahu Nahman
- Sponsor: 1458 - 1466 Flatbush Jv LLC, represented by The Law Office Of Jay Lichtman, P.C.
- Subway: 4-minute walk to Flatbush Av-Brooklyn College (2, 5); 10 minutes to Newkirk Av-Little Haiti (2, 5)
- Amendments: 3, the latest in April 2025
- Units
- 45 residential · 2 commercial
- Subway
- 4 min walk to Flatbush Av-Brooklyn College 2 5Newkirk Av-Little Haiti 2 5, 10 min
- Developer
- Threefold Development
- Principals
- Eliahu Nahman
- Average $/sf
- $918Homes in Schedule A, as first offered
- Common charges
- $313–$707 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $28.1 million total
- Floor plans
- Pages 31–32 of the plan
- SubmittedAugust 2023
- AcceptedAugust 2022
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jun 30, 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 The Avanti's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 33 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Apr 7, 2025
Third amendment updates unsold unit pricing, financial disclosures, and board composition after sponsor relinquished control.
- Sponsor relinquished Board control on January 22, 2025; one Sponsor-controlled member remains
- 24 residential unsold units and 7 unsold storage licenses listed with current prices ranging $10,000–$1,121,000
- Working capital account of $25,278.00 maintained at Chase Bank
- Reserve account of $588.00 maintained at Chase Bank
- Sponsor owns 13 tenant-occupied units generating approximately $32,840.00 monthly rental income
- Mortgage with Bank of Princeton has remaining principal of approximately $5,000,000.00, maturity July 1, 2025, monthly interest payments approximately $35,000.00
- Plan term extended 12 months from amendment date
- Current condominium budget and quarterly income statement attached
Amendment 2 Jun 24, 2024
Second Amendment reports first closing occurred December 20, 2023, condominium declaration recorded, units separately assessed for taxes, and working capital and reserve accounts established.
- First unit closed December 20, 2023 at The Law Office of Jay Lichtman P.C., 68 Jay Street, Suite 420, Brooklyn, NY 11201
- Condominium Declaration recorded November 27, 2023, CRFN 2023000308076
- Final Certificate of Occupancy issued October 27, 2022
- Units separately assessed for NYC Real Property tax purposes as of June 1, 2024
- Working capital account $18,055.20 at Chase Bank, 187-08 Horace Harding Expressway, Fresh Meadows, NY 11365
- Reserve account $1,187.81 at Chase Bank, 187-08 Horace Harding Expressway, Fresh Meadows, NY 11365
- Sponsor owns 1 commercial and 33 residential unsold units, 12 unsold storage licenses
- Sponsor retains board control; will relinquish in 5 years from first closing or when unsold units fall below 25%, whichever is sooner
Amendment 1 Oct 19, 2023
Amendment adds FinCEN reporting requirements for certain cash purchases, establishes storage cage licensee responsibilities, provides Final Certificate of Occupancy, and offers 15 storage lockers for sale via license agreements.
- FinCEN Currency Transaction Report required for certain cash purchases of $300,000+ effective April 25, 2023 through October 21, 2023
- Storage cage licensees responsible for all operation costs, maintenance fees, license fees, and Special Assessments
- Final Certificate of Occupancy obtained October 27, 2022
- Rear yard allocations added: 1,183 sf to Unit C2 and 788 sf to Unit 2A
- 15 storage lockers offered for sale via license; prices range from $10,000 to $35,000; initial maintenance fee $0.00 per month
- Schedule A revised to reflect unit information changes and storage license offerings
- Plan effective date declared August 2, 2023 with 8 units under executed purchase agreements
- Plan term extended 6 months from amendment date
Team
- Sponsor
- 1458 - 1466 Flatbush Jv LLC
- Developer
- Threefold DevelopmentReported by web.archive.org
- Principals
- Eliahu Nahman
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- The Bank of Princeton$12.9 million recorded
- General contractor
- Target ConstructionHeld the general construction permit on DOB job 322064948
- Buyer's lender
- loanDepotThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 217
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 458 East 25th Street Condominium0.3 mi · 37 units · 2022
- 34th Street Residence Condominium0.4 mi · 13 units · 1 parking · 2022
- 1155 Ocean Avenue0.4 mi · 1987
- 1111 Ocean Avenue0.4 mi · 1988
- 1199 Ocean Avenue0.4 mi · 1989
- 1160 Ocean Avenue0.4 mi · 1988
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