1474 Bushwick Avenue Condominium
1474 Bushwick Avenue, Brooklyn, NY 11207
Overview
1474 Bushwick Avenue is an 8-unit condo in Brooklyn.
- Offering plan: Accepted July 2021 · 350 pages · floor plans on page 31
- Finishes: Hardwood floors, laminate kitchen countertops, Yorktown cabinets, Blomberg and Bosch appliances, Delta bathroom fittings and central forced air for heating and cooling
- Prices: $5.99 million in all ($5.29 million when first offered)
- Common charges: $440–$621 a month, the sponsor's first-year estimate
- Sponsor: 1474 Bushwick LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Sagiv Amiri
- Neighborhood: Bushwick, Brooklyn
- Subway: 3-minute walk to Bushwick Av-Aberdeen St (L); 6 minutes to Chauncey St (J, Z)
- Amendments: 6, the latest in April 2025
- Units
- 8 residential
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 3 min walk to Bushwick Av-Aberdeen St LChauncey St J Z, 6 min
- Principals
- Sagiv Amiri
- Common charges
- $440–$621 a monthSponsor's first-year estimate in Schedule A, July 1, 2021-June 30, 2022
- Offering price
- $5.99 million total $5.29 million when first offered
- Floor plans
- Page 31 of the plan
- SubmittedJuly 2021
- AcceptedJuly 2021
- 6 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2026.
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 for 7 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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 6 Apr 1, 2025
Offering price for Unit 2R updated to $799,000.
Amendment 5 Feb 10, 2025
Amendment updates FinCEN reporting requirements for certain cash purchases, reduces Unit 2R price to $699,000, confirms sponsor loss of board control, and extends plan term by six months.
- Unit 2R offering price set to $699,000
- FinCEN Currency Transaction Report required for covered residential cash purchases of $300,000+ in NYC made on or after October 16, 2024
- Sponsor relinquished board control on December 16, 2022
- Unit 2R vacant since January 8, 2025 per settlement stipulation
- Monthly common charges for Unit 2R $702.21, monthly real estate taxes $426.80
- Sponsor disputing building management charges for violation removal; intends to resolve before closing
- Plan term extended six months from amendment date
Amendment 4 Aug 16, 2022
Fourth Amendment updates special risks regarding FinCEN reporting requirements for certain cash purchases, confirms first closing on March 21, 2022, and extends the offering plan term by six months.
- FinCEN Geographic Targeting Order requires title companies to report certain cash purchases of $300,000+ by business entities through April 30 - October 26, 2022
- First unit closing occurred March 21, 2022 at Law Office of Jay Lichtman P.C., 68 Jay Street, Suite 420, Brooklyn
- Condominium Declaration recorded March 2, 2022
- Units separately assessed for NYC Real Property tax as of July 1, 2022
- Working capital fund of $2,377.22 maintained at Chase Bank, 726 Grand Street, Brooklyn
- Reserve fund of $1,635.00 maintained at Chase Bank, 726 Grand Street, Brooklyn
- Sponsor retains three unsold units: 2R, 3R, 4R; Units 3R and 4R priced at $729,000
- Offering plan term extended six months from amendment date
Amendment 3 February 2022
Plan declared effective with three units sold representing 37% of residential units, term extended six months.
- Plan declared effective as of February 3, 2022
- Three units sold: 1R, 2F, 3F (37% of residential units, 42% of units offered for sale)
- First closing cannot occur until this Amendment is accepted for filing
- Plan term extended six months from amendment date
Amendment 2 Dec 15, 2021
Amendment updates special risks regarding tenant harassment settlement, NYAG investigation resolution, FinCEN reporting requirements, and corrects unit floor areas and storage space allocations.
- Special Risk #1: Sponsor to pursue Sub-Licensee removal after COVID-19 eviction moratorium expires January 15, 2022; prior harassment case awarded $2,000 penalty
- Special Risk #11: NYAG investigation resolved; Sponsor fined $90,210 for short-term rentals violating Multiple Dwelling Law and Martin Act
- Special Risk #44: FinCEN Geographic Targeting Order requires title companies to report on residential purchases by non-public entities $300,000+ without bank financing, effective November 1, 2021 through April 29, 2022
- Unit 2R floor area changed from 961 sf to 857 sf
- Unit 3R floor area changed from 961 sf to 857 sf
- Storage space allocation corrected: removed from Unit 3R, allocated to Units 2F and 3F
- Unit 3R purchaser offered rescission right with 15-day notice period and 10-day refund timeline
- Plan term extended six (6) months from amendment date
Team
- Sponsor
- 1474 Bushwick LLC
- Principals
- Sagiv Amiri
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Empire National Bank$3 million recorded
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another · Named on p. 211
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
- 696 Chauncey Street Condominiumnext door · 5 units · 2025
- 483 Marion Street Condominium0.1 mi · 3 units · 2021
- Bushwick Avenue Lofts0.2 mi · 12 units · 6 parking · 2024
- 1404 Bushwick Avenue Condominium0.2 mi · 10 units · 2020
- 389 Sumpter Street Condominium0.2 mi · 8 units · 2020
- 71 Cooper Street Condominium0.2 mi · 8 units · 2018
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