162 Washington Avenue Condominium
162 Washington Avenue, Brooklyn, NY 11205
Overview
162 Washington Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted November 2018 · 306 pages · floor plans on page 27
- Finishes: Hardwood floors, laminate kitchen countertops, Blomberg appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $1,550 a square foot on average, as first offered; $5.3 million in all
- Sponsor: Washington 162 LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Eliyahu Nahman
- Subway: 8-minute walk to Clinton-Washington Avs (G); 14 minutes to Classon Av (G)
- Amendments: 2, the latest in November 2019
- Units
- 4 residential
- Subway
- 8 min walk to Clinton-Washington Avs GClasson Av G, 14 min
- Principals
- Eliyahu Nahman
- Average $/sf
- $1,550Homes in Schedule A, as first offered
- Offering price
- $5.3 million total
- Floor plans
- Page 27 of the plan
- SubmittedMay 2019
- AcceptedNovember 2018
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2024.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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 →The Building
Amendments
Amendment 2 Nov 27, 2019
Amendment adds FinCEN reporting requirements for certain purchases, increases real estate transfer taxes for high-value properties, implements supplemental mansion tax, adds smoking restrictions, updates first year start date to July 1, 2020, and increases annual budget by 27.8%.
- FinCEN Currency Transaction Reports required for entity purchases of $300,000+ without bank financing, effective November 12, 2019 through May 9, 2020
- Base Tax rate increased to 0.65% for purchases of $3,000,000 or more (from 0.4%)
- Supplemental Tax added: 0.25% to 2.90% depending on purchase price ($2,000,000 and above)
- Smoking prohibited in all common elements; permitted only in units or connected outdoor limited common elements
- First year of condominium operation begins July 1, 2020
- Annual budget increased 27.8%; Reserve Fund increased from $1,200 to $1,450; Contingency Fund from $800 to $1,000
- Water and Sewer budgeted at $3,266.00; Building Phone Line and Fire Alarm Monitoring added to budget
- Sponsor's Attorney changed to Jay Lichtman; Wells Fargo Home Mortgage named as Sponsor's Preferred Mortgagee
Amendment 1 Oct 28, 2019
Square footages and common interest percentages updated to reflect approved as-built plans; unit 3 noted as in contract.
- Square footages for each unit updated to match amended plans
- Percentage of common interest, common charges, and taxes reallocated among units
- Total projected common charges and taxes remain unchanged
- Updated architect's certification, property description, drawings, and Schedule A included
- Updated 339-i letter included
- Unit 3 currently in contract
Team
- Sponsor
- Washington 162 LLC
- Principals
- Eliyahu Nahman
- Tax estimate
- Metropolitan Realty Inc.Prepared the first-year real estate tax projection
- Construction lender
- RCN Capital, LL$2.46 million recorded
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 166 Washington Avenue Condominiumnext door · 7 units · 2025
- 122 Washington Loftsnext door · 15 units · 2026
- 97 Waverly Avenue Condominiumnext door · 10 units · 2026
- 123 Clinton Avenue Condominiumnext door · 9 units · 2019
- 93 Waverly Avenue Condominiumnext door · 7 units · 2025
- 148 Clinton Avenue Condominium0.1 mi · 3 units · 2025
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