THE CONDO BOOK PROJECT

Greenpoint Plaza Condominium

199 Huron Street, Brooklyn, NY 11222

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Overview

Greenpoint Plaza is a 15-unit condo in Brooklyn, with 10 parking units.

  • Offering plan: Accepted November 2010 · 298 pages · floor plans on page 24
  • Finishes: Washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $707 a square foot on average, as first offered; $7.2 million in all
  • Common charges: $245–$374 a month, the sponsor's first-year estimate
  • Sponsor: Hermon Development LLC, represented by Law Offices Of David W. Graber; principals Itzhak Djemal
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 3-minute walk to Greenpoint Av (G); 13 minutes to Nassau Av (G)
  • Amendments: 2, the latest in February 2012
  1. SubmittedOctober 2011
  2. AcceptedNovember 2010
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

15 of 15homes sold (100%)
Every sale: 23 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2025.

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 Greenpoint Plaza'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 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Feb 24, 2012

Amendment updates construction timeline, budget, common charges, unit specifications, and parking designations for Greenpoint Plaza Condominium.

  • First closing moved from January 1, 2011 to April 1, 2012
  • Final certificate of occupancy anticipated by April 1, 2012
  • Capital replacement reserve increased from $3,000 to $5,500
  • Contingency reserve reduced from $5,000.00 to $2,000.00
  • Microwave ovens changed to Frigidaire model FGMV 174KF or Sharp R-1514-T
  • Fifth floor terrace sizes reduced: Unit 5A to 363 sq ft, Unit 5B to 388 sq ft
  • Parking Unit 2 corrected as handicapped space (was Unit 8)
  • Lease restrictions for residential units deleted per By-Laws amendment

Amendment 1 Oct 7, 2011

Plan declared effective after receipt of three purchase agreements representing 20.0% of the fifteen residential units.

What each amendment changed, line by lineSee it free →

Team

Sponsor
Hermon Development LLC
Principals
Itzhak Djemal
Tax estimate
Rothkrug Rothkrug & Spector, LLPPrepared the first-year real estate tax projection
General contractors
MRM Development, Five Boro ConstructionHeld the general construction permit on DOB job 310100805
Title agency
Landmark Land Services, Inc.The sponsor's title company for buyers; you can choose another · Named on p. 110

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

Zoning

Zoning district
R6B

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

Nearby

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The Condo Book Project Are Greenpoint Plaza's common charges high for the area? Yes, they're on the high side. Greenpoint Plaza budgets $0.43 per square foot a month, against a $0.41 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?