THE CONDO BOOK PROJECT

Townhouse / 1862 East Second Street Condominium

1862 East 2nd Street, Brooklyn, NY 11223

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Overview

Townhouse / 1862 East Second Street is an 18-unit condo in Brooklyn, with 31 parking units and 1 commercial unit.

  • Offering plan: Accepted July 2008
  • Prices: $48 million in all
  • Sponsor: 506 Kings LLC, represented by Seyfarth Shaw, LLP
  • Subway: 2-minute walk to Kings Hwy (F); 8 minutes to Avenue P (F)
  • Amendments: 14, the latest in July 2019
  1. SubmittedFebruary 2010
  2. AcceptedJuly 2008
  3. 14 amendments

Team

Sponsor
506 Kings LLC
Construction lender
HSBC Realty Credit CorporationLender on the mortgage and building loan agreement recorded December 2005 in ACRIS; $26.9 million recorded
General contractors
506 Kings LLC C/Omidtown Equitie, 506 Kings, Nyd Construction, 506 Kings LLC C/O Midtwon EquitiHeld the general construction permit on DOB job 302021256

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

Zoning

Zoning districts
R6A, R4The lot is split between two districts, the largest share first
Commercial overlay
C2-4
Special district
Special Ocean Parkway District (OP)

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

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