THE CONDO BOOK PROJECT

193 Moffat Street Condominium

193 Moffat Street, Brooklyn, NY 11207

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Overview

193 Moffat Street is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted April 2020 · 327 pages · floor plans on page 23
  • Finishes: 10-foot ceilings, hardwood floors, marble kitchen countertops, wood cabinets, Blomberg, JennAir and Bosch appliances and washer/dryer hook-ups
  • Prices: $984 a square foot on average, as first offered; $5.01 million in all ($4.62 million when first offered)
  • Common charges: $210–$383 a month, the sponsor's first-year estimate
  • Developer: E & M Builders Group; principals Meir Daus and Elad Ben-Kirnon
  • Sponsor: 193 Moffat LLC, represented by The Law Office Of Jay Lichtman, P.C.
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 2-minute walk to Wilson Av (L); 9 minutes to Chauncey St (J, Z)
  • Amendments: 2, the latest in September 2020
  1. SubmittedJune 2020
  2. AcceptedApril 2020
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Jun 30, 2021.

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

Amendments

Amendment 2 Sep 22, 2020

Plan declared effective with four units sold, term extended six months, and first closing delayed until amendment filing.

  • Plan declared effective as of September 22, 2020
  • Four units sold (1B, 3A, 3B, 4A) representing 50% of residential units
  • Term extended six months from amendment date
  • First unit closing delayed until amendment accepted for filing by Department of Law

Amendment 1 Jun 22, 2020

Amendment adds FinCEN and NY tax disclosure requirements, raises all unit prices, updates building specifications and floor plans, and discloses non-code-compliant winder stairs in Units 1A and 4B.

  • All unit offering prices increased: 1A to $495,000, 1B to $795,000, 2A to $550,000, 2B to $550,000, 3A to $575,000, 3B to $575,000, 4A to $575,000, 4B to $895,000
  • FinCEN Geographic Targeting Order disclosure for cash purchases $300,000+ in NYC (May 10 - November 5, 2020)
  • NY Real Estate Transfer Tax increased to 0.65% for purchases $3,000,000+; new Supplemental Tax 0.25-2.90% for purchases $2,000,000+
  • Temporary Certificate of Occupancy anticipated by October 2020
  • No gas service to building
  • Winder stairs in Units 1A and 4B not code-compliant; Department of Buildings may require reconstruction at unit owner's expense
  • 6 storage rooms in cellar allocated to Units 1B, 2B, 3A, 3B, 4A, 4B
  • Central Mitsubishi Electric air conditioning system; no building heating or cooling system specified
  • Schedule A prices increased for 8 homes (median +8.5%): 1A $475,000 → $495,000; 1B $695,000 → $795,000; 2A $500,000 → $550,000; 2B $510,000 → $550,000; ...
What each amendment changed, line by lineSee it free →

Team

Sponsor
193 Moffat LLC
Developer
E & M Builders Group
Principals
Meir Daus, Elad Ben-Kirnon
Construction lender
Bayport Funding$1.5 million recorded
General contractor
L & M Builders GroupHeld the general construction permit on DOB job 321384024
Buyer's lender
Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 5

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

Zoning

Zoning district
R6

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

Nearby

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The Condo Book Project Are 193 Moffat Street's common charges high for the area? No, they're on the low side. 193 Moffat Street budgets $0.43 per square foot a month, against a $0.51 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?