THE CONDO BOOK PROJECT

205 Java Street Condominium

205 Java Street, Brooklyn, NY 11222

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Overview

205 Java Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted April 2024 · 266 pages · floor plans on page 95
  • Finishes: Engineered wood floors, stone kitchen countertops, a washer and dryer in each apartment, Gerber bathroom fittings and split-system units for heating and cooling
  • Prices: $1,792 a square foot on average, as first offered; $12.6 million in all
  • Common charges: $449–$905 a month, the sponsor's first-year estimate
  • Sponsor: 205 Java St LLC, represented by Eial Girtz, PC; principals Dor Goldstein and Nir Benhorin
  • Subway: 3-minute walk to Greenpoint Av (G); 11 minutes to Nassau Av (G)
  • Amendments: 2, the latest in April 2025
  1. SubmittedAugust 2024
  2. AcceptedApril 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

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 205 Java Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 4 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Apr 2, 2025

Amendment extends the plan 6 months, reports first closings completed, provides condominium operations updates, and establishes common charges and reserve account details.

  • Plan extended for 6 months
  • Declaration of Condominium recorded December 27, 2024
  • Final Certificate of Occupancy obtained January 21, 2025
  • First closing (Unit 1) January 17, 2025; Units 2 and 4 also closed; Unit 5 in contract; Units 3 and 6 unsold
  • Common charges begin May 1, 2025
  • Working capital account balance $1,030.00; reserve account balance $0.00 (target $4,300.00)
  • Construction financing of $4,850,000.00 paid in full; all units released from pledge
  • Common charges and real estate taxes for unsold units: Unit 3 ($449.15/$768.01), Unit 5 ($515.98/$882.28), Unit 6 ($904.52/$1,546.64)

Amendment 1 Aug 30, 2024

Amendment extends the plan for 6 months, declares it effective after one unit purchase, updates unit specifications and floor plans, and establishes a new escrow account for down payments.

  • Plan extended for 6 months
  • Plan declared effective on August 27, 2024 based on sale of 1 unit (16.665% of 6 units)
  • Unit 2 square footage decreased from 1,094 sq. ft. to 1,027 sq. ft.
  • Unit 3 square footage decreased from 1,094 sq. ft. to 1,027 sq. ft.
  • Unit 4 square footage decreased from 1,329 sq. ft. to 1,262 sq. ft.
  • Unit 5 square footage decreased from 1,094 sq. ft. to 1,027 sq. ft.
  • Unit 6 square footage decreased from 1,549 sq. ft. to 1,445 sq. ft., bathrooms increased from 2 to 3, roof terrace decreased from 298 sq. ft. to 267 sq. ft.
  • New IOLA escrow account established at Peapack-Gladstone Bank for all down payments
What each amendment changed, line by lineSee it free →

Team

Sponsor
205 Java St LLC
Principals
Dor Goldstein, Nir Benhorin
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Bullpath Capital$4.85 million loan stated in the plan
General contractor
HP Building ManagementHeld the general construction permit on DOB NOW job B00642055
Property report
Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 127

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

Zoning

Zoning district
R6A

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

Nearby

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The Condo Book Project Are 205 Java Street's common charges high for the area? No, they're on the low side. 205 Java Street budgets $0.51 per square foot a month, against a $0.61 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 6 units, every budget line, every saleSee it free