151-153 Manhattan Avenue Condominium
151-153 Manhattan Ave., Brooklyn, NY 11206
Overview
151-153 Manhattan Avenue is a 15-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted December 2006 · 203 pages · floor plans on page 164
- Finishes: Granite kitchen countertops, wood cabinets, GE appliances, washer/dryer hook-ups and central forced air for heating and cooling
- Prices: $659 a square foot on average, as first offered; $9.86 million in all
- Common charges: $159–$217 a month, the sponsor's first-year estimate
- Sponsor: Ppk Development, LLC, represented by Harold L. Gruber, P.C.; principals Charles Papaconstantinou and George Papaconstantinou
- Subway: 6-minute walk to Montrose Av (L); 9 minutes to Lorimer St (J, M)
- Amendments: 4, the latest in May 2009
- Units
- 15 residential · 1 commercial
- Subway
- 6 min walk to Montrose Av LLorimer St J M, 9 min
- Principals
- Charles Papaconstantinou, George Papaconstantinou
- Average $/sf
- $659Homes in Schedule A, as first offered
- Common charges
- $159–$217 a monthSponsor's first-year estimate in Schedule A, March 1, 2007 - February 28, 2008
- Offering price
- $9.86 million total
- Floor plans
- Page 164 of the plan
- SubmittedMay 2007
- AcceptedDecember 2006
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2026.
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 plan lists what a buyer pays at closing.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 May 5, 2009
Offering plan term extended, units assessed for tax purposes, sponsor retains two unsold units, new board of managers elected, and financial disclosures provided.
- Offering plan term extended for an additional year
- Units individually assessed for NYC Real Property tax commencing with 2008-2009 tax year
- Sponsor owns unsold units 151-1 (5.53% common interest) and 151-4A (5.93% common interest)
- New Board of Managers elected February 4, 2009; Sponsor no longer controls board
- Aggregate monthly common charges for sponsor units: $329.03
- Aggregate monthly rental income from sponsor units: $1,800.00
- Aggregate monthly Real Estate Taxes for unsold units: $27.17
- Sponsor current on all financial obligations including common charges and assessments
Amendment 3 Mar 13, 2008
Third amendment documents first closing, temporary occupancy certificates, working capital fund, and extends offering period.
- First unit closed November 28, 2007
- Condominium Declaration filed August 24, 2007
- Temporary Certificates of Occupancy obtained November 7, 2007 (151 Manhattan) and October 30, 2007 (153 Manhattan)
- Working capital fund of $5,742.00 maintained at Citibank N.A., 836 Manhattan Avenue
- No reserve fund
- Board of Managers remains under sponsor control; first owner meeting anticipated March 10, 2008
- Offering plan extended six months
Amendment 2 Jul 10, 2007
Amendment revises floor plans for roof bulkheads and balcony doors/windows, and changes Unit 1 designation in building 153 to Unit 1A.
- Roof bulkhead of Unit 151-4A decreased by 31 square feet
- Roof bulkhead of Unit 153-4A decreased by 33 square feet
- Changes to size and configuration of balcony entrance doors and windows
- Unit 1 in building 153 redesignated as Unit 1A
Amendment 1 May 25, 2007
Amendment declares the offering plan effective after three purchase agreements constituting 20.00% of units were accepted.
- Plan declared effective as of May 3, 2007
- Three (3) purchase agreements accepted (20.00% of units)
- No closings scheduled until amendment accepted by Department of Law and served on purchasers
Team
- Sponsor
- Ppk Development, LLC
- Principals
- Charles Papaconstantinou, George Papaconstantinou
- Counsel
- Harold L. Gruber, P.C.
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- General contractors
- Wongood Construction, Wongood ConstHeld the general construction permit on DOB job 301947302
- Title agency
- Ridge Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 43
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Commercial overlay
- C2-3
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 103 Meserole Street Condominiumnext door · 8 units · 2010
- 100 Scholes Street Condominiumnext door · 8 units · 2026
- Meserole Towernext door · 10 units · 2016
- Manhattan Condominium0.1 mi · 3 units · 2020
- Johnson Condominium0.1 mi · 6 units · 2021
- Samuel Condominium0.3 mi · 6 units · 2026
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