THE CONDO BOOK PROJECT

1736 George Street Condominium

1736 George Street, Queens, NY 11385

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Overview

1736 George Street is a 2-unit condo in Queens.

  • Offering plan: Accepted January 2022 · 338 pages · floor plans on page 34
  • Finishes: Hardwood floors, granite kitchen countertops, shaker cabinets, Whirlpool and GE appliances, a washer and dryer in each apartment, Moen bathroom fittings and split-system units for heating and cooling
  • Prices: $973 a square foot on average, as first offered; $2.35 million in all ($1.8 million when first offered)
  • Developer: Home Buyers Inc.
  • Sponsor: Two President LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Neighborhood: Ridgewood, Queens
  • Subway: 5-minute walk to Halsey St (L); 9 minutes to Seneca Av (M)
  • Amendments: 1, the latest in November 2022
  1. SubmittedNovember 2022
  2. AcceptedJanuary 2022
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

2 of 2homes sold (100%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Jun 30, 2022.

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 1736 George Street'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 1 Mar 1, 2022

Plan declared effective after first unit closing; all units now sold; transfer tax law change affects NYS tax calculation.

  • Plan declared effective March 1, 2022 with one unit sold (50% of units)
  • First closing occurred May 5, 2022
  • All units have been sold; no unsold units remain
  • Working capital fund of $2,469.88 deposited; reserve fund of $274.43 established
  • Board control transferred to unit owners on June 9, 2022
  • NYS transfer tax now calculated on NYC transfer taxes only, not both NYC and NYS taxes
What the amendment changed, line by lineSee it free →

Team

Sponsor
Two President LLC
Tax estimate
Empire Consulting Service, Inc.Prepared the first-year real estate tax projection

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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