2135 Condominium
2135 Homecrest Avenue, Brooklyn, NY 11229
Overview
2135 is a 14-unit condo in Brooklyn, with 11 parking units.
- Offering plan: Accepted April 2022 · 319 pages · floor plans on page 188
- Finishes: 8-foot ceilings, wood floors, laminate kitchen countertops and Frigidaire appliances
- Prices: $468 a square foot on average, as first offered; $5.69 million in all
- Common charges: $338–$550 a month, the sponsor's first-year estimate
- Sponsor: Chan On Homecrest Inc., represented by Lawrence Lixin Yang, P.C.; principals Pun Fui Chan
- Subway: 5-minute walk to Avenue U (Q); 8 minutes to Neck Rd (Q)
- Amendments: 3, the latest in May 2024
- Other filings: CD170291 (condo plan, filed 2017, withdrawn)
- Units
- 14 residential · 11 parking
- Subway
- 5 min walk to Avenue U QNeck Rd Q, 8 min
- Principals
- Pun Fui Chan
- Average $/sf
- $468Homes in Schedule A, as first offered
- Common charges
- $338–$550 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2023
- Offering price
- $5.69 million total
- Floor plans
- Page 188 of the plan
- SubmittedJune 2022
- AcceptedApril 2022
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2024.
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 2135's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 2 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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Mar 22, 2024
Third amendment extends the offering plan term with no changes to common charges or individual expenses.
- Offering plan term extended
- Budget for January 1, 2024 to December 31, 2024 shows no increase or decrease in common charges
- Sponsor owns 68.1630% of condominium interest
- Sponsor's estimated aggregate monthly common charge payments: $4,056.38
- Sponsor's aggregate monthly real estate taxes for tax year 2024/2025: $282.84 with 421a tax exemption
- Units B1, B2, 1A, 1B, 2B, 2D, 3A, 3C, 3D and eleven parking space units remain unsold and held by sponsor
- Units 2B, 3A, 3C subject to Cathay Bank mortgage
Amendment 2 Mar 7, 2023
Post-closing amendment extending the offering plan term by six months, disclosing first unit closed January 19, 2023, with four units closed and ten units unsold.
- Offering plan term extended by six months
- First unit closed January 19, 2023 at 136-20 38th Avenue, Suite 3A-1, Flushing, NY
- Four units closed; ten residential units and eleven parking lot units remain unsold
- Working capital fund of $1,538.58 deposited with Cathay Bank
- Escrow deposit of $11,902.00 with Lawrence Lixin Yang, P.C.
- Pun Fui Chan is current Board member and Sponsor principal
- First unit owners meeting not yet scheduled; will be held within 30 days after Initial Sponsor Control Period ends
Amendment 1 Jun 6, 2022
Sponsor declares the offering plan effective after securing purchase agreements for 3 units representing 15% of units offered.
- Offering plan declared effective by notice dated June 6, 2022
- Three units in contract (Units 1C, 2A, 2C) meet 15% minimum threshold
- Plan now 21.42% in contract overall
- No closings will occur until amendment is accepted for filing by Attorney General
- No sales activity or market testing conducted prior to plan filing
Team
- Sponsor
- Chan On Homecrest Inc.
- Principals
- Pun Fui Chan
- Counsel
- Lawrence Lixin Yang, P.C.
- General contractor
- New York Fast General ConstructionHeld the general construction permit on DOB job 320721279
- Property report
- L & C Associates, LLCPrepared the plan's description of the property and its condition · Named on p. 126
- Title agency
- Liberty Land Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Chicago Title Insurance Company · Named on p. 75
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R5
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 2276 Homecrest Avenue Condominium0.2 mi · 16 units · 2017
- Amsterdam Condominium0.4 mi · 8 units · 3 parking · 2001
- 2518 Ocean Avenue Condominium0.4 mi · 30 units · 8 parking · 2026
- 2403 East 13th Street Condominium0.4 mi · 12 units · 2017
- Ocean Palace Condominium0.4 mi · 23 units · 8 parking · 2017
- Begonia Garden Condominium0.4 mi · 29 units · 15 parking · 2019
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