THE CONDO BOOK PROJECT

Dupont Villas

161 Dupont Street, Brooklyn, NY 11222

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Overview

Dupont Villas is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted May 2017 · 286 pages · floor plans on pages 130–134
  • Finishes: Hardwood floors, laminate kitchen countertops, wooden cabinets, washer/dryer hook-ups, Delta bathroom fittings and central forced air for heating and cooling
  • Prices: $1,491 a square foot on average, as first offered; $8.84 million in all ($6.96 million when first offered)
  • Common charges: $220–$706 a month, the sponsor's first-year estimate
  • Sponsor: Dupont Villa LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Rafi Manor
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 7-minute walk to Greenpoint Av (G); 11 minutes to Vernon Blvd-Jackson Av (7)
  • Amendments: 5, the latest in November 2020
  1. SubmittedFebruary 2018
  2. AcceptedMay 2017
  3. 5 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Oct 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 Dupont Villas'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 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 5 Nov 2, 2020

Post-closing information, financial disclosures, and one-year extension of the offering plan.

  • First unit (Unit 3) closed on March 31, 2020
  • Declaration of Condominium recorded October 25, 2019
  • Final Certificate of Occupancy issued May 28, 2020
  • Working capital fund of $4,426.40 deposited at TD Bank
  • Two unsold units remain: Unit 5 at $659,000.00 and Unit 6 at $1,950,000.00
  • Sponsor's monthly common charges: $867.34 for two units
  • Offering plan extended for one year

Amendment 4 Nov 6, 2019

Schedule B budget updated for 2020 operations, architect report submitted for condenser units, and rescission rights offered to purchasers.

  • Schedule B updated: projected condominium operations January 1, 2020 — December 31, 2020
  • Water and sewer charges updated to reflect new rates
  • Architect report and drawings submitted showing condenser units and their locations
  • Right of rescission offered to all purchasers; may be exercised within 15 days of notification
  • Offering plan term extended for 6 months

Amendment 3 May 16, 2019

Plan declared effective as of May 7, 2019 with one executed purchase agreement, and offering plan term extended six months.

  • Plan declared effective May 7, 2019 with Unit 5 (16% of units) under executed purchase agreement
  • Offering plan term extended six months

Amendment 2 Aug 2, 2018

Updates drawings and Schedule A for amended building plans, establishes smoking policy, clarifies FinCEN reporting requirements for cash purchases, and extends offering plan term by six months.

  • Drawings, square footage, and Schedule A updated to reflect amended approved building plans
  • Smoking prohibited in interior common areas; permitted in dwelling units and all outdoor areas including courtyards, rooftops, balconies, and patios
  • FinCEN Geographic Targeting Order reporting requirements explained for cash purchases over $300,000 in New York City without bank financing
  • Offering plan term extended for six (6) months

Amendment 1 Feb 16, 2018

Tax projections updated, budget revised for 2019 with Reserve Fund added, management fees clarified, common interest percentage adjusted for unit 5, and rescission rights offered to prior purchasers.

  • Tax projection increased; updated letter from Metropolitan Realty Exemptions dated December 26, 2017
  • Budget updated for January 1, 2019 – December 31, 2019 period; Working Capital Fund removed and Reserve Fund added
  • Tax information may be inaccurate due to 2017 Tax Cuts and Jobs Act; purchasers advised to consult tax expert
  • Building management by Dupont Villa LLC for first year at $6,000.00 annually; superintendent services $150 weekly
  • Common interest percentage for unit 5 increased by .001%
  • Purchasers with prior agreements offered rescission right exercisable within 15 days of notice
  • Superintendent/Janitorial services fee corrected to $125 weekly in Schedule B footnotes
What each amendment changed, line by lineSee it free →

Team

Sponsor
Dupont Villa LLC
Principals
Rafi Manor
Tax estimate
LAW OFFICES OF HERSHY ITZKOWITZ, P.C.Prepared the first-year real estate tax projection
Construction lender
Houtex$3.25 million recorded
General contractor
M RemodelingHeld the general construction permit on DOB job 320597396
Interior designer
Leyden LewisReported by cityrealty.com

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Zoning

Zoning district
R6A

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

Nearby

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The Condo Book Project Are Dupont Villas's common charges high for the area? Yes, they're on the high side. Dupont Villas budgets $0.52 per square foot a month, against a $0.42 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?