186 16th Street Condominium
186 16th Street, Brooklyn, NY 11215
Overview
186 16th Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted September 2023 · 291 pages · floor plans on page 4
- Finishes: 8-foot ceilings, engineered wood floors, quartz kitchen countertops, laminate cabinets, Liebherr and Viking appliances, a washer and dryer in each apartment, Miseno bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $1,354 a square foot on average, as first offered; $7.2 million in all ($7.22 million when first offered)
- Common charges: $787–$874 a month, the sponsor's first-year estimate
- Developers: OMNI Build Inc., Saffayeh Construction Corp. and Saffayeh Development LLC; principals Elie Fouerti, Robert Saffayeh and Vyacheslav Faybyshev
- Sponsor: Svfg16 LLC, represented by Tsyngauz & Associates, P.C.
- Neighborhood: Park Slope, Brooklyn
- Subway: 5-minute walk to Prospect Av (R); 10 minutes to 4 Av-9 St (F, G, R)
- Amendments: 2, the latest in October 2024
- Units
- 3 residential
- Neighborhood
- Park Slope, Brooklyn
- Subway
- 5 min walk to Prospect Av R4 Av-9 St F G R, 10 min
- Principals
- Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev
- Average $/sf
- $1,354Homes in Schedule A, as first offered
- Common charges
- $787–$874 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
- Offering price
- $7.2 million total $7.22 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedAugust 2024
- AcceptedSeptember 2023
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
3 of 3homes sold (100%)
From city records (ACRIS), through Mar 31, 2026.
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 for 3 homes.
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 3 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Oct 23, 2024
Amendment changes unit square footages, roof terrace sizes, and terminology; provides construction completion status and temporary certificate of occupancy.
- Unit 3 roof terrace decreased from 349.00 to 309.00 square feet; Unit 3 purchasers offered right of rescission
- Building substantially completed May 2024; temporary certificate of occupancy issued December 9, 2024
- Anticipated final certificate of occupancy January 2025
- Unit 1 habitable square footage decreased
- Unit 2 habitable square footage decreased
- Unit 3 habitable square footage decreased on fourth floor, increased on penthouse level; total unchanged
- Both roof terraces assigned to Unit 3 as Limited Common Elements; both decreased in square footage
- Term 'roof deck(s)' replaced with 'roof terrace(s)' throughout Plan
Team
- Sponsor
- Svfg16 LLC
- Principals
- Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- Valley National Bank$3.27 million loan stated in the plan
- General contractor
- Omni BuildHeld the general construction permit on DOB NOW job B00635145
- Interior designer
- Studio20migliaReported by nestseekers.com
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning districts
- R6B, C4-3AThe lot is split between two districts, the largest share first
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 241 16th Street Condominiumnext door · 6 units · 2022
- 222 16th Street Condominiumnext door · 32 units · 45 parking · 2025
- Carriage House On The Slope Condominiumnext door · 24 units · 2005
- Townhouse 270 Condominiumnext door · 4 units · 2026
- 269-271 14th Street Condominium0.1 mi · 13 units · 7 parking · 2020
- 262 17th Street Condominium0.1 mi · 4 units · 2024
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