181 Park Place Condominium
181 Park Place, Brooklyn, NY 11238
Overview
181 Park Place is a 3-unit condo in Brooklyn.
- Offering plan: Accepted May 2014 · 254 pages · floor plans on page 5
- Finishes: Hardwood floors, stone kitchen countertops, Frigidaire and Bosch appliances and a washer and dryer in each apartment
- Prices: $1,149 a square foot on average, as first offered; $5.95 million in all ($5.8 million when first offered)
- Common charges: $431–$518 a month, the sponsor's first-year estimate
- Sponsor: 181 Park Place LLC, represented by Raphael And Marks; principals Mordechai Rosenblum
- Subway: 1-minute walk to 7 Av (B, Q); 5 minutes to Grand Army Plaza (2, 3)
- Amendments: 7, the latest in September 2015
- Units
- 3 residential
- Subway
- 1 min walk to 7 Av B QGrand Army Plaza 2 3, 5 min
- Principals
- Mordechai Rosenblum
- Average $/sf
- $1,149Homes in Schedule A, as first offered
- Common charges
- $431–$518 a monthSponsor's first-year estimate in Schedule A, Commencing on October 1, 2014
- Offering price
- $5.95 million total $5.8 million when first offered
- Floor plans
- Page 5 of the plan
- SubmittedOctober 2014
- AcceptedMay 2014
- 7 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2022.
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 plan lists what a buyer pays at closing.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 7 Sep 28, 2015
Two units closed in June and July 2015, and the Condominium Declaration was recorded.
- Two units closed on June 24, 2015 and July 27, 2015
- Condominium Declaration recorded May 27, 2015 under CRFN #2015000177213
- Sponsor controls Board and will hold first Annual Meeting within 30 days of third unit sale
Amendment 6 Sep 9, 2015
Square footage for Unit 1 corrected to reflect as-built dimensions and approved plans.
- Unit 1 square footage corrected
- Revised Schedule A attached showing updated square footage for Unit 1
- Revised Schedule B attached showing square footage in common elements
- Floor plan for Unit 1 attached indicating cellar recreation space cannot be used for living, sleeping or cooking
Amendment 5 Apr 14, 2015
Budget updated to commence July 1, 2015, and all violations removed from record.
- Budget effective date changed to July 1, 2015
- All violations removed from record; building is free of violations
- Projected first-year common charges $17,256
- Reserve for capital repairs set at 10% of budget ($1,568)
Amendment 4 Dec 29, 2014
The offering plan is declared effective after one unit representing 33.34% of residential units was purchased.
- Plan declared effective as of October 30, 2014
- One residential unit purchased, representing 33.34% of all residential units
- No other material changes to the plan
Amendment 3 Nov 7, 2014
Purchase prices for two units were revised.
- Unit 1 price set to $1,750,000
- Unit 2 price set to $2,750,000
Amendment 2 Oct 16, 2014
Purchase price of Unit 3 revised to $2,000,000.
Amendment 1 Oct 7, 2014
Purchase price of Unit 3 revised to $1,900,000.
Team
- Sponsor
- 181 Park Place LLC
- Principals
- Mordechai Rosenblum
- Counsel
- Raphael And Marks
- Tax estimate
- The Mazursky GroupPrepared the first-year real estate tax projection
- Construction lender
- Galster FundingLender on the mortgage and building loan agreement recorded July 2014 in ACRIS; $1.6 million recorded
- Title agency
- Philip O’Hara Associates, Inc.The sponsor's title company for buyers; you can choose another · Agent for Lawyer’s Title Insurance Company of New York · Named on p. 117
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
- Prospectnext door · 5 units · 2026
- 189 Sterling Place Condominiumnext door · 16 units · 2013
- 225 Park Placenext door · 1985
- 189 Prospect Place Condominiumnext door · 2 units · 2023
- 206 Prospect Place Condominiumnext door · 4 units · 2011
- 230 Park Placenext door · 1985
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