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18-65 Linden Street Condominium

18-65 Linden Street, Queens, NY 11385

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Overview

18-65 Linden Street is a 3-unit condo in Queens.

  • Offering plan: Accepted November 2007 · 224 pages · floor plans on page 43
  • Finishes: A washer and dryer in each apartment and central forced air for heating and cooling
  • Prices: $287 a square foot on average, as first offered; $1.65 million in all
  • Common charges: $296–$337 a month, the sponsor's first-year estimate
  • Sponsor: 1865 Linden Street Hdfc, represented by Allen J. Kone; principals Mary McSorley and Paul A. Kerzner
  • Neighborhood: Ridgewood, Queens
  • Subway: 4-minute walk to Seneca Av (M); 8 minutes to Forest Av (M)
  • Amendments: 1, the latest in October 2012
  1. SubmittedOctober 2012
  2. AcceptedNovember 2007
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2023.

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 18-65 Linden 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 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Sep 30, 2012

First amendment updates offering prices, common interest percentages, budgets, and adds deed restriction income and price limits plus limited common elements.

  • Total offering amount reduced from $1,452,000 to $1,163,750
  • Three units with revised offering prices: Unit 1 $399,000, Unit 2 $380,000, Unit 3 $384,750
  • Common interest percentages modified: Unit 1 34.29%, Unit 2 32.65%, Unit 3 33.06%
  • J-51 real estate tax abatement obtained; no taxes due for fiscal year 2011-2012
  • Deed restriction limits purchasers to maximum annual household income of 165% of area median income ($132,330 in 2012)
  • Sales price of units limited to 95% of current appraised value
  • Limited common elements added: Unit 1 has rear yard access, Unit 3 has roof access, storage rooms in cellar (735 sq ft for Unit 1, 209 sq ft each for Units 2 and 3)
  • Offering plan use extended to March 30, 2013
  • Schedule A prices decreased for 3 homes (median -30.0%): 1 $577,000 → $399,000; 2 $525,000 → $380,000; 3 $550,000 → $384,750
What the amendment changed, line by lineSee it free →

Team

Sponsor
1865 Linden Street Hdfc
Principals
Mary McSorley, Paul A. Kerzner
Tax estimate
Allen J. Kone, Esq.Prepared the first-year real estate tax projection
General contractor
ALS Management Corp.Named on p. 96
Property report
Walter C. Maffei, Architect AIAPrepared the plan's description of the property and its condition · Named on p. 56
Title agency
Nations Title Agency of New YorkThe sponsor's title company for buyers; you can choose another · Agent for Commonwealth · Named on p. 74

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

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