THE CONDO BOOK PROJECT

1568 38th Street Condominium

1568 38th Street, Brooklyn, NY 11218

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Overview

1568 38th Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted July 2021 · 287 pages · floor plans on pages 144–145
  • Finishes: Wood floors, laminate kitchen countertops, wood cabinets, Liebherr, Miele and Whirlpool appliances, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $654 a square foot on average, as first offered; $1.71 million in all
  • Common charges: $291–$329 a month, the sponsor's first-year estimate
  • Sponsor: Chaya Roiza Hendel Zitronenbaum, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Chaya Roiza Hendel Zitronenbaum
  • Neighborhood: Borough Park, Brooklyn
  • Subway: 3-minute walk to Ditmas Av (F); 8 minutes to Church Av (F, G)
  • Amendments: 1, the latest in May 2023
  1. SubmittedMay 2023
  2. AcceptedJuly 2021
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

2 of 3homes sold (67%)
Every sale: 2 homes, with price and dateSee it free →

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)

Ask Claude or ChatGPT: How do 1568 38th 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 3 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 →

Amendments

Amendment 1 Nov 1, 2022

Units S1 and S2 removed from sale, sponsor changed to 1568 38 Street Condominium LLC, condominium operations projected to begin January 1, 2023, and purchaser must pay real property transfer tax.

  • Units S1 and S2 omitted from offering; S1 becomes common area, S2 becomes limited common element to Unit 2
  • Sponsor updated to 1568 38 Street Condominium, LLC with Principal Chaya Roiza Hendel Zitronenbaum
  • Condominium operations projected to begin January 1, 2023 through December 30, 2023
  • Purchaser must pay Real Property Transfer Tax to City and State of New York
  • Offering plan extended for six (6) months
  • Updated Schedule A with revised common interest percentages
  • Updated budget for 2023 operations with common charges of $12,846
What the amendment changed, line by lineSee it free →

Team

Sponsor
Chaya Roiza Hendel Zitronenbaum
Principals
Chaya Roiza Hendel Zitronenbaum
Tax estimate
Metropolitan Realty, IncPrepared 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
R6

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

Nearby

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The Condo Book Project Are 1568 38th Street's common charges high for the area? No, they're on the low side. 1568 38th Street budgets $0.27 per square foot a month, against a $0.28 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?