179 Gates Avenue Condominium
179 Gates Avenue, Brooklyn, NY 11238
Overview
179 Gates Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted July 2020 · 261 pages · floor plans on pages 194–198
- Finishes: Wood floors, quartz kitchen countertops, wood cabinets, Bosch and Bertazzoni appliances and washer/dryer hook-ups
- Prices: $1,367 a square foot on average, as first offered; $4.77 million in all
- Common charges: $411–$555 a month, the sponsor's first-year estimate
- Sponsor: United Gates LLC, represented by Eial Girtz, PC
- Subway: 6-minute walk to Classon Av (G); 7 minutes to Clinton-Washington Avs (C)
- Amendments: 2, the latest in May 2021
- Units
- 4 residential
- Subway
- 6 min walk to Classon Av GClinton-Washington Avs C, 7 min
- Average $/sf
- $1,367Homes in Schedule A, as first offered
- Common charges
- $411–$555 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 To December 31, 2021
- Offering price
- $4.77 million total
- Floor plans
- Pages 194–198 of the plan
- SubmittedDecember 2020
- AcceptedJuly 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jun 30, 2021.
First-Year Budget
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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 →The Building
Amendments
Amendment 2 May 10, 2021
Amendment extends the offering plan for 6 months and reports on construction completion, unit closings, and condominium operations.
- Plan extended for 6 months
- Declaration of Condominium recorded March 8, 2021
- Real estate tax assessments finalized on or about April 1, 2021
- Temporary Certificate of Occupancy extended through June 13, 2021; Permanent Certificate of Occupancy expected by June 2021
- First unit closing (Unit 3) completed April 13, 2021; Unit 1 also closed; Units 2 and 4 in contract
- Common charges and real estate taxes for unsold units: Unit 2 $411.41/$755.86, Unit 4 $411.41/$755.86
- Construction financing of $2,600,000.00 obtained; mortgage paid down at each closing with Units 1 and 3 released
Amendment 1 Dec 8, 2020
Plan declared effective after 25% sales threshold met; floor plans and unit square footages updated to reflect as-built conditions.
- Plan declared effective December 8, 2020 based on 1 unit purchase agreement (25% of 4 units)
- Unit 1 cellar changed from 541 sf to 544 sf; storage changed from 43 sf to 29 sf
- Unit 2 changed from 878 sf to 875 sf; storage changed from 32 sf to 28 sf
- Unit 3 changed from 878 sf to 875 sf; storage changed from 32 sf to 28 sf
- Unit 4 changed from 878 sf to 875 sf; storage changed from 31 sf to 32 sf
- Unit 1 owner has exclusive control of front planting area
- Revised floor plans reflect as-built conditions with minor closet and door changes
- Rear yard has synthetic grass; front and rear yards have landscaping and fencing
Team
- Sponsor
- United Gates LLC
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Goldman Sachs BankLender on the mortgage and building loan agreement recorded November 2020 in ACRIS; $2.95 million recorded
- General contractor
- L & M Builders GroupHeld the general construction permit on DOB job 320911509
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
- 10 Quincy Street Condominiumnext door · 46 units · 2022
- 25 Quincy Street Condominiumnext door · 10 units · 2021
- 19 Irving Place Condominiumnext door · 4 units · 2022
- 56 Quincy Street Condominiumnext door · 4 units · 2024
- 59 Quincy Street Condominium0.1 mi · 5 units · 2017
- 72 Quincy Street Condominium0.1 mi · 5 units · 2025
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