THE CONDO BOOK PROJECT

1601 55th Street Condominium

1601 55th Street, Brooklyn, NY 11204

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Overview

1601 55th Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted August 2022 · 322 pages · floor plans on page 5
  • Finishes: Wood floors, stone kitchen countertops, plywood cabinets, Frigidaire appliances and washer/dryer hook-ups
  • Prices: $623 a square foot on average, as first offered; $2.84 million in all ($2.59 million when first offered)
  • Common charges: $306–$401 a month, the sponsor's first-year estimate
  • Sponsor: 1601 55th Street Condos LLC, represented by Rothkrug Rothkrug & Spector, LLP
  • Subway: 9-minute walk to 55 St (D); 12 minutes to 62 St/New Utrecht Av (D, N)
  • Amendments: 1, the latest in March 2023
  1. SubmittedMarch 2023
  2. AcceptedAugust 2022
  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 Dec 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 1601 55th 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Mar 9, 2023

The amendment relocates the garage from Unit 2 to Unit 1, increases offering prices, adds a $5,000 sponsor fee at closing, and changes the sponsor's attorney to Berger & Sklaw LLP.

  • Garage space (260 sq ft) changed from Limited Common Element of Unit 2 to Unit 1
  • Offering prices increased; revised Schedule A provided
  • New $5,000 sponsor fee required at closing from all purchasers
  • Projected closing costs increased from $41,922.43 to $46,922.43
  • Sponsor's attorney changed to Berger & Sklaw LLP, also serving as Escrow Agent
  • Architect's report and Declaration revised to reflect garage reallocation
What the amendment changed, line by lineSee it free →

Team

Sponsor
1601 55th Street Condos LLC
Tax estimate
Rothkrug & RothkrugPrepared 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 1601 55th Street's common charges high for the area? No, they're on the low side. 1601 55th Street budgets $0.17 per square foot a month, against a $0.23 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 3 units, every budget line, every saleSee it free