1489 Sterling Place Condominium
1489 Sterling Place, Brooklyn, NY 11213
Overview
1489 Sterling Place is an 8-unit condo in Brooklyn.
- Offering plan: Accepted September 2022 · 264 pages · floor plans on page 91
- Finishes: 9'6" ceilings, engineered wood floors, quartz kitchen countertops, wood cabinets, washer/dryer hook-ups, Kirlystone bathroom fittings and split-system units for heating and cooling
- Prices: $903 a square foot on average, as first offered; $4.58 million in all
- Common charges: $148–$491 a month, the sponsor's first-year estimate
- Developers: GIM Construction and PMJ Construction; principals Eduard Katanov, Michael Davydov and Mykhaylo I. Pelekhach
- Sponsor: Bh Sterling Realty Group LLC, represented by Eial Girtz, PC
- Subway: 6-minute walk to Crown Hts-Utica Av (3, 4); 14 minutes to Sutter Av-Rutland Rd (3)
- Amendments: 2, the latest in August 2023
- Units
- 8 residential
- Subway
- 6 min walk to Crown Hts-Utica Av 3 4Sutter Av-Rutland Rd 3, 14 min
- Developers
- GIM Construction, PMJ Construction
- Principals
- Eduard Katanov, Michael Davydov, Mykhaylo I. Pelekhach
- Average $/sf
- $903Homes in Schedule A, as first offered
- Common charges
- $148–$491 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 To December 31, 2023
- Offering price
- $4.58 million total
- Floor plans
- Page 91 of the plan
- SubmittedMarch 2023
- AcceptedSeptember 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 28, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 8 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 →The Building
Amendments
Amendment 2 Aug 1, 2023
This amendment extends the offering plan for 6 months and updates the status of unit closings, common charges, and sponsor obligations.
- Plan extended for 6 months
- Final Certificate of Occupancy obtained April 26, 2023
- Declaration of Condominium recorded June 9, 2023
- First closing (Unit 3A) on July 14, 2023; Units 2A, 2B, 3B also closed; Units 1A and 4B in contract; Units 1B and 4A unsold
- Common charges and real estate taxes listed for unsold units (1A, 1B, 4A, 4B)
- Sponsor covering all operating costs and delaying collection of common charges pending 30-day notice
- Working capital and reserve accounts opened at Bank of America
Amendment 1 Mar 17, 2023
Amendment extends the plan for 6 months, declares it effective after 25% of units contracted, corrects unit common interest percentage and square footages, updates floor plans, moves escrow account to TD Bank, and confirms final Certificate of Occupancy issued.
- Plan extended for 6 months
- Plan declared effective March 22, 2023 based on 2 units contracted (25% of 8 units)
- Unit 1A common interest changed from 7.1451% to 7.1072%
- Unit 4A square footage increased from 590 sq. ft. to 599 sq. ft.
- Unit 4B square footage increased from 910 sq. ft. to 914 sq. ft.
- Revised floor plans attached reflecting as-built condition
- Escrow account moved to TD Bank at 475 Port Washington Boulevard, Port Washington, NY 11050
- Final Certificate of Occupancy issued April 26, 2023
Team
- Sponsor
- Bh Sterling Realty Group LLC
- Developers
- GIM Construction, PMJ Construction
- Principals
- Eduard Katanov, Michael Davydov, Mykhaylo I. Pelekhach
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Property report
- Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 31
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
- 1479 Sterling Place Condominiumnext door · 8 units · 2025
- 1490 Saint Johns Place Condominiumnext door · 8 units · 2020
- 1226 St. Marks Avenue Condominium0.2 mi · 8 units · 2021
- 1526 Lincoln Place Condominium0.2 mi · 8 units · 2023
- 1570 Prospect Place Condominium0.3 mi · 7 units · 3 parking · 2005
- 1296 Park Place Condominium0.3 mi · 8 units · 2020
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