THE CONDO BOOK PROJECT

183 Mcguinness Boulevard Condominium (Parker House)

183 Mcguinness Boulevard, Brooklyn, NY 11222

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Overview

Parker House is a 24-unit condo in Brooklyn.

  • Offering plan: Accepted November 2021 · 349 pages · floor plans on page 29
  • Finishes: Wood floors, stone kitchen countertops, Bosch appliances, washer/dryer hook-ups and Grohe bathroom fittings
  • Prices: $1,426 a square foot on average, as first offered; $22.9 million in all ($23.1 million when first offered)
  • Common charges: $226–$589 a month, the sponsor's first-year estimate
  • Sponsor: 183 Mcguiness LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Shulem Jacobowitz
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 6-minute walk to Greenpoint Av (G); 6 minutes to Nassau Av (G)
  • Amendments: 2, the latest in November 2022
  1. SubmittedSeptember 2022
  2. AcceptedNovember 2021
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

24 of 24homes sold (100%)
Every sale: 24 homes, with price and dateSee it free →

From city records (ACRIS), through Apr 30, 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 Parker House's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 24 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Nov 7, 2022

Amendment updates special risks regarding FinCEN reporting requirements, adjusts prices for two units, revises engineer's report with construction completion details and storage space square footage corrections, and extends the plan term by six months.

  • FinCEN Geographic Targeting Order reporting requirement for certain all-cash residential purchases of $300,000 or more
  • Unit 2D price changed to $995,000
  • Unit 5C price changed to $739,000
  • Building substantially completed as of September 2022
  • Final Certificate of Occupancy obtained November 29, 2022, number #3065398-0000001
  • Storage Space 11 square footage reduced from 20 sf to 17 sf
  • Storage Space 12 square footage reduced from 25 sf to 19 sf
  • Storage Space 13 square footage increased from 48 sf to 60 sf

Amendment 1 Sep 15, 2022

Offering prices for 20 units updated, FinCEN reporting requirements added for certain all-cash purchases, and plan term extended 6 months.

  • Offering prices changed for 20 units (1A through 6D)
  • FinCEN Currency Transaction Report required for all-cash purchases by entities of $300,000+ in NYC through October 26, 2022
  • Plan declared effective September 13, 2022 with 4 units under contract (16% of residential units)
  • Plan term extended 6 months from amendment date
  • First unit closing delayed until amendment accepted for filing
What each amendment changed, line by lineSee it free →

Team

Sponsor
183 Mcguiness LLC
Principals
Shulem Jacobowitz
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
Construction lender
S3 Capital$11.4 million recorded
General contractor
Yme ConstructionHeld the general construction permit on DOB job 321550754
Buyer's lender
loanDepotThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 203

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

Zoning

Zoning district
R7A

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

Nearby

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The Condo Book Project Are Parker House's common charges high for the area? No, they're on the low side. Parker House budgets $0.57 per square foot a month, against a $0.66 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?