Francesca Condominium
150 Luquer Street, Brooklyn, NY 11231
Overview
Francesca is a 4-unit condo in Brooklyn.
- Offering plan: Accepted April 2022 · 318 pages · floor plans on page 4
- Finishes: Hardwood floors, laminate kitchen countertops, Frigidare appliances, washer/dryer hook-ups, American Standard bathroom fittings and split-system units for heating and cooling
- Prices: $1,951 a square foot on average, as first offered; $7.2 million in all ($5.45 million when first offered)
- Common charges: $561–$705 a month, the sponsor's first-year estimate
- Developer: BFC Partners; principals Daniel Pipitone, Giovanni Ferrara and Marco Auteri
- Sponsor: 150 Luquer, LLC, represented by Tsyngauz & Associates, P.C.
- Subway: 6-minute walk to Smith-9 Sts (F, G); 7 minutes to Carroll St (F, G)
- Amendments: 2, the latest in February 2023
- Units
- 4 residential
- Subway
- 6 min walk to Smith-9 Sts F GCarroll St F G, 7 min
- Developer
- BFC Partners
- Principals
- Daniel Pipitone, Giovanni Ferrara, Marco Auteri
- Average $/sf
- $1,951Homes in Schedule A, as first offered
- Common charges
- $561–$705 a monthSponsor's first-year estimate in Schedule A, November 1, 2022 - October 31, 2023
- Offering price
- $7.2 million total $5.45 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedNovember 2022
- AcceptedApril 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2023.
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 4 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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Feb 8, 2023
Amendment confirms first closing, certificate of occupancy, condominium recording, and current sponsor financial status with 2 unsold units.
- First unit closing occurred January 12, 2023
- Final certificate of occupancy issued December 20, 2022
- Condominium declaration recorded December 5, 2022
- 2 unsold units remain (Units 1 and 4, 52.50% common interest)
- Operating account has $1,500.00; reserve fund has $1,500.07
- Sponsor will relinquish board control within 30 days of 50% closing or by January 12, 2026, whichever is sooner
Amendment 1 Oct 21, 2022
Amendment declares the offering plan effective after sponsor accepted purchase agreements for two units (50% of units offered), updates floor plans to reflect as-built conditions, and confirms final certificate of occupancy issued.
- Offering plan declared effective October 21, 2022 upon acceptance of purchase agreements for Units 2 and 3
- Final Certificate of Occupancy issued December 20, 2022 (Certificate number 3005576-0000002)
- Floor plans revised to reflect as-built conditions across all levels
- Cellar: toilet room fixtures relocated, laundry closet moved to basement, exterior doors changed from sliding to hinged glass, condenser unit attached to rear wall
- Basement: laundry closet relocated from cellar, rear bedroom windows relocated, main bedroom closet door changed to hinged
- First, Second & Third Floors: rear windows and doors changed and relocated, balcony doors changed to hinged glass, kitchen layouts revised, third floor bathroom fixtures revised
- Roof: number of condenser units revised to three, stair bulkhead window relocated and additional window added
- Sponsor's attorney address changed to 225 Broadway, Suite 2640, New York, NY 10007
Team
- Sponsor
- 150 Luquer, LLC
- Developer
- BFC Partners
- Principals
- Daniel Pipitone, Giovanni Ferrara, Marco Auteri
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- The Mazursky Group, Inc.Prepared the first-year real estate tax projection
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
- 140 Luquer Street Condominiumnext door · 2020
- Gabriella Condominiumnext door · 3 units · 2025
- 171 Luquer Street Condominiumnext door · 4 units · 2024
- 538 Clinton Street Condominiumnext door · 5 units · 1 parking · 2020
- 112 Luquer Street Condominiumnext door · 3 units · 2025
- 110 Luquer Street Condominiumnext door · 3 units · 2025
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