THE CONDO BOOK PROJECT

20 Arion Place Condominium

20 Arion Place, Brooklyn, NY 11206

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Overview

20 Arion Place is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted September 2020 · 270 pages · floor plans on page 58
  • Finishes: Hardwood floors, granite kitchen countertops, MDF board cabinets, GE appliances, a washer and dryer in each apartment and Delta bathroom fittings
  • Prices: $969 a square foot on average, as first offered; $5.8 million in all
  • Common charges: $116–$449 a month, the sponsor's first-year estimate
  • Sponsor: 20 Arion LLC, represented by Moritt Hock & Hamroff, LLP; principals Eial Girtz, Roy Girtz and Gil Shenhav
  • Subway: 3-minute walk to Myrtle Av (J, M, Z); 6 minutes to Flushing Av (J, M)
  • Amendments: 2, the latest in February 2021
  1. SubmittedJanuary 2021
  2. AcceptedSeptember 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 Oct 31, 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 20 Arion Place'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 plan lists what a buyer pays at closing.

All 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 2021

Plan declared effective with 2 units under contract; first closing anticipated March 15, 2021.

  • Plan declared effective January 14, 2021 (2 of 8 units contracted, approximately 25%)
  • First unit closing anticipated on or about March 15, 2021
  • Budget remains unchanged; Schedule B unchanged
  • Amendment effective for six (6) months from acceptance date
What the amendment changed, line by lineSee it free →

Team

Sponsor
20 Arion LLC
Principals
Eial Girtz, Roy Girtz, Gil Shenhav
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
General contractor
M Build BuildersHeld the general construction permit on DOB job 321386273
Property report
Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 113

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 20 Arion Place's common charges high for the area? No, they're on the low side. 20 Arion Place budgets $0.32 per square foot a month, against a $0.53 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 8 units, every budget line, every saleSee it free