151 Newel Street Condominium
151 Newel Street, Brooklyn, NY 11222
Overview
151 Newel Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted May 2022 · 255 pages
- Finishes: Engineered wood floors, quartz kitchen countertops, wood cabinets, Liebherr, Bertazzoni and Bosch appliances and washer/dryer hook-ups
- Prices: $1,671 a square foot on average, as first offered; $8.12 million in all ($7.48 million when first offered)
- Common charges: $337–$686 a month, the sponsor's first-year estimate
- Sponsor: 151 Newel LLC, represented by Eial Girtz, PC; principals Meir Daus and Elad Ben-Kimon
- Neighborhood: Greenpoint, Brooklyn
- Subway: 5-minute walk to Nassau Av (G); 8 minutes to Greenpoint Av (G)
- Amendments: 2, the latest in October 2023
- Units
- 4 residential
- Neighborhood
- Greenpoint, Brooklyn
- Subway
- 5 min walk to Nassau Av GGreenpoint Av G, 8 min
- Principals
- Meir Daus, Elad Ben-Kimon
- Average $/sf
- $1,671Homes in Schedule A, as first offered
- Common charges
- $337–$686 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 To June 30, 2024
- Offering price
- $8.12 million total $7.48 million when first offered
- SubmittedMay 2023
- AcceptedMay 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Oct 31, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 151 Newel Street's common charges compare with similar buildings? →
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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Oct 17, 2023
Amendment extends the plan for 6 months and reports that the condominium plan has been declared effective, three units have closed, and provides current sponsor and financial status.
- Plan extended for 6 months
- Plan declared effective May 11, 2023 based on one unit purchase agreement (25% of four units)
- Declaration of Condominium recorded July 6, 2023
- Final Certificate of Occupancy obtained August 15, 2023
- Three units have closed; Unit 2 remains unsold with common charges of $417.32 and real estate tax of $866.61
- Construction financing from Genesis Capital of $4,050,000.00; Units 1 and 4 released, Units 2 and 3 pledged as collateral
- Working capital account balance $2,629.70; reserve account balance $0.00 (should be $2,100.00)
- Sponsor covering all operating costs and delaying common charges collection with 30-day notice right
Amendment 1 May 17, 2023
Floor plans updated to reflect as-built conditions, limited common element square footages revised, all unit prices increased, and common interest percentages rebalanced.
- Unit 1 price increased from $2,187,000.00 to $2,500,000.00
- Unit 2 price increased from $1,820,000.00 to $1,949,000.00
- Unit 3 price increased from $1,885,000.00 to $1,969,000.00
- Unit 4 price increased from $1,590,000.00 to $1,700,000.00
- Unit 1 areaway decreased from 593 sq. ft. to 553 sq. ft.; rear yard increased from 212 sq. ft. to 252 sq. ft.
- Unit 2 roof terrace added at 283 sq. ft.
- Unit 3 roof terrace added at 274 sq. ft.
- Temporary Certificate of Occupancy anticipated by July 2023
- Schedule A prices increased for 4 homes (median +7.1%): 1 $2,187,000 → $2,500,000; 2 $1,820,000 → $1,949,000; 3 $1,885,000 → $1,969,000; 4 $1,590,000 → $1,700,000
Team
- Sponsor
- 151 Newel LLC
- Principals
- Meir Daus, Elad Ben-Kimon
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Goldman Sachs Bank$1.16 million loan stated in the plan
- General contractor
- L & M Builders GroupHeld the general construction permit on DOB job 321600157
- Structural engineer
- Sharon Engineering, PCNamed on p. 184
- MEP engineer
- All City Engineering, PCMechanical, electrical and plumbing · Named on p. 184
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 of the lot next door, from city data (PLUTO 26v2).
Nearby
- 232 Eckford Street Condominiumnext door · 5 units · 2024
- 173 Mcguinness Boulevard Condominium0.1 mi · 24 units · 2023
- 183 Mcguinness Boulevard Condominium0.1 mi · 24 units · 2021
- 104 Newel Condominium0.1 mi · 4 units · 2025
- 105 Diamond Street Condominium0.1 mi · 4 units · 2026
- 81 Mcguinness Condominium0.2 mi · 8 units · 2020
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