161 12th Street Condominium
161 12th Street, Brooklyn, NY 11215
Overview
161 12th Street is an 8-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted September 2019
- Prices: $11.2 million in all ($9.1 million when first offered)
- Sponsor: 165 12 Street Owner LLC, represented by Marans Weisz & Newman LLC
- Subway: 5-minute walk to 4 Av-9 St (F, G, R); 8 minutes to Prospect Av (R)
- Amendments: 8, the latest in September 2020
- Units
- 8 residential · 1 commercial
- Subway
- 5 min walk to 4 Av-9 St F G RProspect Av R, 8 min
- Offering price
- $11.2 million total $9.1 million when first offered
- SubmittedSeptember 2019
- AcceptedSeptember 2019
- 8 amendments
- First sale
- Latest sale
Sales
From city records (ACRIS), through Aug 31, 2026.
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 →The Building
Amendments
Amendment 8 Sep 29, 2020
This amendment updates post-closing facts for the building: the first unit closed, four units remain unsold, the temporary Certificate of Occupancy was renewed, the sponsor's attorney firm was renamed, and fund balances and board members are disclosed.
- First Unit Closing took place April 23, 2020
- Commercial Unit, Townhouse, 5A, and Penthouse remain unsold
- Current temporary Certificate of Occupancy expires 11/16/2020; sponsor anticipates a final Certificate of Occupancy within two years of the first closing
- $5,000.00 posted as security for the permanent Certificate of Occupancy
- Working Capital Fund and Reserve Fund each hold $3,888.35 at Signature Bank
- First annual meeting of Unit Owners will occur no later than April 22, 2021; sponsor has not called it
- Sponsor's law firm now operates as Marans Newman Tsolis & Nazinitsky LLC; Daniel Weisz, Esq. is no longer an escrow account signatory
- Declaration dated March 23, 2020 was recorded April 8, 2020; separate real estate tax assessments not yet made
Amendment 4 Mar 16, 2020
The sponsor declared the plan effective as of January 8, 2020, and corrected the offering plan to show that only Units 3B, 4B, 5B, and 6A have lot-line windows.
- Plan declared effective as of January 8, 2020, with purchase agreements for two (2) Units, constituting twenty-two percent (22%) of the Units in the Building
- Only Units 3B, 4B, 5B, and 6A contain lot-line windows; Units 3A, 4A, and 5A do not, correcting the earlier listing that included 3A, 4A, and 5A
- Special Risk #7 and the Description of Property section updated to reflect the lot-line window correction
Amendment 1 Sep 13, 2019
The sponsor sets advertised purchase prices for three unsold units (3A, 4A and 5A) and otherwise leaves the offering plan unchanged.
- Advertised purchase price of Unit 3A set at $725,000.00
- Advertised purchase price of Unit 4A set at $735,000.00
- Advertised purchase price of Unit 5A set at $745,000.00
Team
- Sponsor
- 165 12 Street Owner LLC
- Counsel
- Marans Weisz & Newman LLC
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 183a 13th Street Condominiumnext door · 7 units · 2024
- 145 14th Street Condominiumnext door · 4 units · 2022
- 147 14th Street Condominium0.1 mi · 3 units · 2020
- 149 14th Street Condominium0.1 mi · 3 units · 2020
- 500 4th Avenue Condo0.1 mi · 135 units · 1 parking · 2008
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