THE CONDO BOOK PROJECT

165 Malcolm X Boulevard Condominium

165 Malcolm X Boulevard, Brooklyn, NY 11221

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Overview

165 Malcolm X Boulevard is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted February 2022 · 326 pages · floor plans on pages 21–22
  • Finishes: 9-foot ceilings, hardwood floors, granite kitchen countertops, Blomberg, Bosch and Bertazzoni appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
  • Prices: $1,149 a square foot on average, as first offered; $6.94 million in all ($7.03 million when first offered)
  • Common charges: $292–$585 a month, the sponsor's first-year estimate
  • Developers: RNY Development Group and Lian Development; principals Ariel Sholomov and Yaakov Peretz
  • Sponsor: 165 Mx Group 17 LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Subway: 10-minute walk to Gates Av (J, Z); 10 minutes to Kosciuszko St (J)
  • Amendments: 1, the latest in January 2023
  1. SubmittedJanuary 2023
  2. AcceptedFebruary 2022
  3. 1 amendment

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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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 plan lists what a buyer pays at closing.

All 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Nov 18, 2022

Plan declared effective after three units representing 30% of offerings were purchased by bona fide purchasers.

  • Plan declared effective based on purchase of three units (30% of ten units offered)
  • Units 2A, 4A, and 4B counted toward effectiveness requirement with purchase agreements dated July 28, 2022, July 19, 2022, and August 4, 2022
What the amendment changed, line by lineSee it free →

Team

Sponsor
165 Mx Group 17 LLC
Developers
RNY Development Group, Lian Development
Principals
Ariel Sholomov, Yaakov Peretz
Tax estimate
Berish LichtmanPrepared the first-year real estate tax projection
Construction lender
Quanta FinanceLender on the mortgage and building loan agreement recorded April 2019 in ACRIS; $6.98 million recorded
General contractors
W & L Group Construction, Morgan Services GroupHeld the general construction permit on DOB job 320910500

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Zoning

Zoning district
R6A
Commercial overlay
C2-4

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

Nearby

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The Condo Book Project Are 165 Malcolm X Boulevard's common charges high for the area? Yes, they're on the high side. 165 Malcolm X Boulevard budgets $0.64 per square foot a month, against a $0.52 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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