THE CONDO BOOK PROJECT

149 Quincy Street Condominium

149 Quincy Street, Brooklyn, NY 11216

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Overview

149 Quincy Street is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted July 2020 · 372 pages · floor plans on page 22
  • Finishes: 8'8" ceilings, engineered wood floors, stone kitchen countertops, wood cabinets, Blomberg and Bosch appliances, a washer and dryer in each apartment and split-system units for heating and cooling
  • Prices: $4.19 million in all ($4.16 million when first offered)
  • Common charges: $369–$514 a month, the sponsor's first-year estimate
  • Sponsor: 149 Quincy Development LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Rotem Cohen, Raanan Noy and Yehuda Biniamin
  • Subway: 5-minute walk to Bedford-Nostrand Avs (G); 8 minutes to Classon Av (G)
  • Amendments: 1, the latest in October 2020
  1. SubmittedOctober 2020
  2. AcceptedJuly 2020
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through Dec 31, 2025.

First-Year Budget

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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 plan lists what a buyer pays at closing.

All 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Oct 22, 2020

Prices for two units updated, first year start date moved to July 1 2021, budget revised, and real estate tax estimates updated.

  • Unit 3 offering price now $949,000
  • Unit 4 offering price now $1,165,000
  • First year of condominium operations projected to begin July 1, 2021
  • Budget revised with updated electricity, fire alarm monitoring, contingency, and reserve fund line items
  • Total estimated real estate tax liabilities for first year: $36,740.00
  • Plan term extended six (6) months from amendment date
  • FinCEN reporting requirement added for certain entity purchasers without bank financing
  • Schedule A prices increased for 2 homes (median +2.2%): 3 $929,000 → $949,000; 4 $1,149,000 → $1,165,000
What the amendment changed, line by lineSee it free →

Team

Sponsor
149 Quincy Development LLC
Principals
Rotem Cohen, Raanan Noy, Yehuda Biniamin
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bayport Funding$1.2 million recorded
General contractor
Nyb BuildersHeld the general construction permit on DOB job 320912214
Buyer's lender
Wells FargoThe sponsor's preferred mortgage lender; you can use another · Named on p. 205

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

Zoning

Zoning district
R6B

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

Nearby

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