THE CONDO BOOK PROJECT

179 4th Avenue Condominium

179 4th Avenue, Brooklyn, NY 11217

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Overview

179 4th Avenue is a 16-unit condo in Brooklyn, with 16 storage units and 2 commercial units.

  • Offering plan: Accepted August 2021 · 361 pages · floor plans on page 7
  • Finishes: Quartz kitchen countertops, Fisher & Paykel and Bosch appliances, a washer and dryer in each apartment, Hansgrohe bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,603 a square foot on average, as first offered; $21.8 million in all
  • Common charges: $317–$626 a month, the sponsor's first-year estimate
  • Developer: Vanguard Real Estate Group; principals Farin Farvid and Sam Zima
  • Sponsor: 179 Partners, LLC, represented by Marans Newman Tsolis & Nazinitsky LLC
  • Neighborhood: Park Slope, Brooklyn
  • Subway: 2-minute walk to Union St (R); 9 minutes to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R)
  • Amendments: 1, the latest in March 2023
  1. SubmittedMarch 2023
  2. AcceptedAugust 2021
  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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 7 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
179 Partners, LLC
Developer
Vanguard Real Estate Group
Principals
Farin Farvid, Sam Zima
Tax estimate
MGNY ConsultingPrepared the first-year real estate tax projection
Construction lender
The Louis Galpern Irrevocable Trust and M.S.F.R.E.$550,000 recorded
General contractor
Pars Elite ConstructionHeld the general construction permit on DOB job 320910396

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
C4-4D
Special district
Special Gowanus Mixed-Use District (G)

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

Nearby

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The Condo Book Project Are 179 4th Avenue's common charges high for the area? They're in line. 179 4th Avenue budgets $0.63 per square foot a month, against a $0.61 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?