THE CONDO BOOK PROJECT

1490 Saint Johns Place Condominium

1490 Saint Johns Place, Brooklyn, NY 11213

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Overview

1490 Saint Johns Place is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted December 2020 · 338 pages · floor plans on page 34
  • Finishes: 9'4" ceilings, quartz kitchen countertops, wood cabinets, Summit and Blomberg appliances and washer/dryer hook-ups
  • Prices: $1,003 a square foot on average, as first offered; $5.51 million in all
  • Common charges: $259–$423 a month, the sponsor's first-year estimate
  • Sponsor: St. Johns Residence LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Sigmund Freund
  • Subway: 5-minute walk to Crown Hts-Utica Av (3, 4); 12 minutes to Sutter Av-Rutland Rd (3)
  1. SubmittedMay 2020
  2. AcceptedDecember 2020

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.

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Closing Costs

The plan lists what a buyer pays at closing.

All 7 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
St. Johns Residence LLC
Principals
Sigmund Freund
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
ICE Lender Holdings$2.4 million recorded
Buyer's lender
Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 197

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

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The Condo Book Project Are 1490 Saint Johns Place's common charges high for the area? No, they're on the low side. 1490 Saint Johns Place budgets $0.48 per square foot a month, against a $0.63 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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