THE CONDO BOOK PROJECT

241 16th Street Condominium

241 16th Street, Brooklyn, NY 11215

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Overview

241 16th Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted February 2022 · 368 pages · floor plans on page 34
  • Finishes: Engineered wood floors, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $1,428 a square foot on average, as first offered; $6.55 million in all ($6.12 million when first offered)
  • Common charges: $296–$819 a month, the sponsor's first-year estimate
  • Sponsor: 241 16th St LLC, represented by The Law Office Of Jay Lichtman, PC; principals Avraham Azoulay and Lior Raviv
  • Neighborhood: Park Slope, Brooklyn
  • Subway: 6-minute walk to Prospect Av (R); 11 minutes to 4 Av-9 St (F, G, R)
  • Amendments: 1, the latest in June 2022
  1. SubmittedJune 2022
  2. AcceptedFebruary 2022
  3. 1 amendment
  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, 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 241 16th 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 5 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 →

Amendments

Amendment 1 Jun 13, 2022

Offering prices for three units are amended, the plan is declared effective as of June 8, 2022, and the term is extended six months.

  • Unit 1 offering price set to $2,000,000
  • Unit 2 offering price set to $1,527,375
  • Unit 4B offering price set to $999,000
  • Plan declared effective June 8, 2022 with four units under purchase agreement (66% of residential units)
  • First unit closing delayed until amendment accepted for filing
  • Plan term extended six months from amendment date
What the amendment changed, line by lineSee it free →

Team

Sponsor
241 16th St LLC
Principals
Avraham Azoulay, Lior Raviv
Tax estimate
Berish LichtmanPrepared the first-year real estate tax projection
Construction lender
First Republic Bank$2.5 million recorded
General contractor
Sat Construction ServicesHeld the general construction permit on DOB job 321908593
Buyer's lender
loanDepotThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 226

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 241 16th Street's common charges high for the area? Yes, they're on the high side. 241 16th Street budgets $0.66 per square foot a month, against a $0.57 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?