THE CONDO BOOK PROJECT

153 Chauncey Street Condominium

153 Chauncey Street, Brooklyn, NY 11233

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Overview

153 Chauncey Street is a 16-unit condo in Brooklyn, with 11 storage units.

  • Offering plan: Accepted May 2022 · 394 pages · floor plans on page 38
  • Finishes: Hardwood floors, quartz kitchen countertops, custom wood cabinets, Fisher & Paykel and Blomberg appliances and split-system units for heating and cooling
  • Prices: $1,042 a square foot on average, as first offered; $11.1 million in all ($9.91 million when first offered)
  • Developer: Renaissance Realty Group LLC; principals Marc Chemtob, David Chemtob and Samuel Kairy
  • Sponsor: 153 Chauncey LLC, represented by Holland & Knight LLP
  • Subway: 3-minute walk to Utica Av (A, C); 10 minutes to Ralph Av (C)
  • Amendments: 2, the latest in May 2023
  1. SubmittedOctober 2022
  2. AcceptedMay 2022
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

16 of 16homes sold (100%)
Every sale: 16 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 31, 2026.

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 153 Chauncey Street's common charges compare with similar buildings? →

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

Amendments

Amendment 2 May 8, 2023

Second amendment updates budget, lists 11 unsold units, confirms first closing and board composition, and extends plan validity.

  • First Closing occurred January 4, 2023 for Unit 4D
  • 11 unsold units owned by Sponsor as of March 8, 2023
  • Board members: David Chemtob, Marc Chemtob, Samuel Kairy
  • Working Capital Fund balance $4,040.74 as of March 8, 2023
  • Reserve Fund balance $3,675.60 as of June 19, 2023
  • Updated Schedule B budget for May 1, 2023 to April 30, 2024 period
  • Common Charges annual income $108,630.04

Amendment 1 Oct 5, 2022

Plan declared effective based on three unit purchase agreements representing 18% of 16 residential units.

  • Plan declared effective
  • Effective period extended six months from filing date of amendment
What each amendment changed, line by lineSee it free →

Team

Sponsor
153 Chauncey LLC
Principals
Marc Chemtob, David Chemtob, Samuel Kairy
Tax estimate
Unger Realty ServicesPrepared the first-year real estate tax projection
Construction lender
Jacobs Real Estate Advisors
Title agency
Reliable Abstract Co. LLCThe sponsor's title company for buyers; you can choose another · Named on p. 176

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning districts
R6B, R6AThe lot is split between two districts, the largest share first
Commercial overlay
C2-4

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 153 Chauncey Street's common charges high for the area? Yes, they're on the high side. 153 Chauncey Street budgets $0.70 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?
Free: all 16 units, every budget line, every saleSee it free