THE CONDO BOOK PROJECT

1661 Summerfield Street Condominium

1661 Summerfield Street, Queens, NY 11385

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Overview

1661 Summerfield Street is a 28-unit condo in Queens, with 14 parking units and 11 storage units.

  • Offering plan: Accepted June 2022 · 362 pages · floor plans on page 36
  • Finishes: Engineered wood floors, quartz kitchen countertops and Haier and GE appliances
  • Prices: $899 a square foot on average, as first offered; $17 million in all
  • Common charges: $334–$564 a month, the sponsor's first-year estimate
  • Developer: Urban View Development Corporation; principals Nadav Hamo
  • Sponsor: Summerfield Group Ventures LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Neighborhood: Ridgewood, Queens
  • Subway: 4-minute walk to Halsey St (L); 13 minutes to Myrtle-Wyckoff Avs (L, M)
  1. SubmittedJune 2021
  2. AcceptedJune 2022
  3. First sale
  4. Latest sale

Sales

28 of 28homes sold (100%)
Every sale: 28 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2024.

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 1661 Summerfield 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 28 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 6 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
Summerfield Group Ventures LLC
Principals
Nadav Hamo
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Goldman Sachs Bank
General contractor
Brooklyn B Company GroupHeld the general construction permit on DOB job 420655794

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

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The Condo Book Project Are 1661 Summerfield Street's common charges high for the area? Yes, they're on the high side. 1661 Summerfield Street budgets $0.57 per square foot a month, against a $0.55 median for the 10 most similar Queens plans.Schedule A Do you want to see the list of similar buildings?