Hancock And Jefferson Condominium
1504 Jefferson Avenue And 1437 Hancock Street, Brooklyn, NY 11237
Overview
Hancock And Jefferson is an 18-unit condo in Brooklyn, with 20 storage units.
- Offering plan: Accepted September 2022 · 490 pages · floor plans on page 89
- Finishes: Vinyl plank floors, quartz kitchen countertops, white melamine cabinets, Blomberg appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $934 a square foot on average, as first offered; $12.9 million in all ($13.2 million when first offered)
- Common charges: $307–$863 a month, the sponsor's first-year estimate
- Developer: The Horizon Group
- Sponsor: 1504 Jeff LLC, represented by Certilman Balin Adler & Hyman, LLP
- Neighborhood: Bushwick, Brooklyn
- Subway: 3-minute walk to Halsey St (L); 7 minutes to Myrtle-Wyckoff Avs (L, M)
- Amendments: 2, the latest in March 2024
- Units
- 18 residential · 20 storage
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 3 min walk to Halsey St LMyrtle-Wyckoff Avs L M, 7 min
- Developer
- The Horizon Group
- Average $/sf
- $934Homes in Schedule A, as first offered
- Common charges
- $307–$863 a monthSponsor's first-year estimate in Schedule A, April 1, 2023 through March 31, 2024
- Offering price
- $12.9 million total $13.2 million when first offered
- Floor plans
- Page 89 of the plan
- SubmittedFebruary 2023
- AcceptedSeptember 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
9 of 18homes sold (50%)
From city records (ACRIS), through Jul 31, 2025.
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.
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 2024
Amendment updates occupancy certificates, unit sales, common charges, and litigation disclosures for the condominium.
- Temporary Certificate of Occupancy for 1504 Jefferson Avenue issued February 5, 2024, renewed April 23, 2024, expires July 22, 2024
- Final Certificate of Occupancy for 1437 Hancock Street issued February 7, 2024
- Twelve residential units closed as of June 3, 2024
- Working capital held: $8,385.64 as of March 4, 2024
- Reserve fund: $9,946.41 as of March 8, 2024
- Completion work escrow: approximately $20,000 held at Flagstar Bank
- Pending amendment to Declaration to change floor designations and correct tax lot references
- Five litigation matters disclosed with $2,000,000 to $5,000,000 insurance coverage layers
Amendment 1 2023
Amendment updates architect and engineer documentation, revises Schedule A and A-1, changes managing agent to Choice NY Property Management LLC, and reflects design changes including PH terrace designations and unit specifications.
- Structural floor renamed from Roof to PH Floor throughout Description of Property Report
- Gross floor area revised for PH level at 1504 Jefferson Avenue
- Rectangular area zone dimension revised for PH level at 1437 Hancock Street
- Square footage of apartment area and outdoor square footage revised for Residential Unit PHA at 1504 Jefferson Avenue
- Common PH Terrace Area square footage revised
- Dining ceilings in units 1A and PHA (1504 Jefferson) and units 2A and 3A (1437 Hancock) changed to exposed concrete
- Dishwasher model in studio units updated to Bloomberg DW551502FBI
- Managing Agent changed to Choice NY Property Management LLC, 254 West 31st Street, 6th Floor, New York, New York 10001, (212) 982-3600
Team
- Sponsor
- 1504 Jeff LLC
- Developer
- The Horizon GroupReported by mannpublications.com
- Tax estimate
- Korngold, Powers, LLPPrepared the first-year real estate tax projection
- General contractor
- Britt RealtyHeld the general construction permit on DOB job 321599007
- Structural engineer
- Structural Engineering Technologies, P.C.Named on p. 283
- MEP engineer
- A&D Engineering, PLLCMechanical, electrical and plumbing · Named on p. 283
- Property report
- Olivera Grk AIAPrepared the plan's description of the property and its condition · Named on p. 283
- Interior designer
- BMIDNamed on p. 283
- Title agency
- Advantage Title Agency, Inc.The sponsor's title company for buyers; you can choose another · Named on p. 104
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
- 1421 Hancock Street Condominiumnext door · 6 units · 2020
- 350 Weirfield Street Condominium0.1 mi · 6 units · 2026
- 16-24 Jefferson Avenue Condominium0.1 mi · 6 units · 4 parking · 2024
- 318 Cornelia Street Condominium0.2 mi · 2 units · 2023
- Ridgewood Place Condominium0.2 mi · 2 units · 2025
- Ridgewood Place Condominium0.3 mi · 4 units · 2016
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