THE CONDO BOOK PROJECT

182 Minna Street Condominium

182 Minna Street, Brooklyn, NY 11218

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Overview

182 Minna Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted September 2022 · 397 pages · floor plans on page 30
  • Finishes: 9-foot ceilings, hardwood floors, KitchenAid appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $1,178 a square foot on average, as first offered; $8.94 million in all ($8.45 million when first offered)
  • Common charges: $342–$500 a month, the sponsor's first-year estimate
  • Sponsor: 182 Minna Group LLC, represented by Rosen Law LLC; principals Nick Barone and Ralph Barone
  • Neighborhood: Borough Park, Brooklyn
  • Subway: 9-minute walk to Church Av (F, G); 11 minutes to Fort Hamilton Pkwy (D)
  • Amendments: 3, the latest in May 2024
  1. SubmittedFebruary 2023
  2. AcceptedSeptember 2022
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 31, 2026.

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 182 Minna 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 9 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 May 10, 2024

Amendment updates unit status, sponsor financial disclosures, and budget for July 1, 2024 through June 30, 2025.

  • One unsold unit remains: Unit 1B; Final Certificate of Occupancy issued October 23, 2024
  • Sponsor relinquishing board control within thirty days of amendment
  • Sponsor aggregate monthly common charges $1,053.43; monthly real estate taxes $805.55
  • Working capital fund $1,500.00 as of April 30, 2024
  • Schedule A revised for period July 1, 2024 through June 30, 2025
  • Budget period July 1, 2024 through June 30, 2025
  • 2023 financial statement not yet available
  • Offering plan extended twelve months

Amendment 2 Nov 2, 2023

Second amendment updates Schedule A and Schedule B for the 2023-2024 tax year, confirms first closing occurred July 19, 2023, and extends the offering plan six months.

  • First closing of Unit 2B occurred July 19, 2023
  • Temporary Certificate of Occupancy issued June 8, 2023
  • Declaration of Condominium filed July 12, 2023 (CRFN # 2023000173105)
  • Schedule A current for July 1, 2023 through June 30, 2024
  • Schedule B current for July 1, 2023 through June 30, 2024
  • Working capital fund $2,000.00 as of October 16, 2023
  • Offering plan extended six months by this amendment

Amendment 1 Feb 6, 2023

Amendment extends offering plan timeline, updates first year of operations to July 1, 2023 through June 30, 2024, and revises real estate taxes and budgets accordingly.

  • First closing deadline extended to October 31, 2023 for existing purchasers; rescission right granted if closing does not occur by that date
  • First year of operations changed from November 1, 2022–October 31, 2023 to July 1, 2023–June 30, 2024
  • Real estate taxes updated to $23,712.23 for 2023-2024 tax year (July 1, 2023 through June 30, 2024)
  • Schedule A revised to reflect new operational year and updated real estate taxes
  • Schedule B revised to reflect first year of operations July 1, 2023 through June 30, 2024
  • Condominium plan declared effective based on three units with purchase agreements; notice served May 2, 2023
  • Offering plan extended for six months by filing of this amendment
  • New purchasers after amendment acceptance have rescission right if first closing does not occur by June 30, 2024
What each amendment changed, line by lineSee it free →

Team

Sponsor
182 Minna Group LLC
Principals
Nick Barone, Ralph Barone
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection
Construction lender
1st Constitution Bank$2.65 million recorded
General contractor
Nicolosi BrosHeld the general construction permit on DOB job 322085391
Property report
Paul Lombardi, R.A.Prepared the plan's description of the property and its condition · Named on p. 139
Title agency
Regal Title Agency, Inc.The sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 92

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

Zoning

Zoning district
R5

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

Nearby

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The Condo Book Project Are 182 Minna Street's common charges high for the area? Yes, they're on the high side. 182 Minna Street budgets $0.34 per square foot a month, against a $0.26 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?