243 4th Avenue Condominium (Parlour)
243 4th Avenue, Brooklyn, NY 11215
Overview
Parlour is a 19-unit condo in Brooklyn, with 19 storage units and 1 commercial unit.
- Offering plan: Accepted November 2018
- Prices: $1,440 a square foot on average, as first offered; $54.1 million in all
- Sponsor: 243 Development LLC, represented by Marans, Weisz & Newman LLC
- Subway: 1-minute walk to Union St (R); 10 minutes to 4 Av-9 St (F, G, R)
- Amendments: 10, the latest in July 2023
- Units
- 19 residential · 19 storage · 1 commercial
- Subway
- 1 min walk to Union St R4 Av-9 St F G R, 10 min
- Average $/sf
- $1,440Homes in Schedule A, as first offered
- Offering price
- $54.1 million total
- SubmittedFebruary 2019
- AcceptedNovember 2018
- 10 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2026.
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 →The Building
Amendments
Amendment 10 Jul 27, 2023
This Tenth Amendment extends the plan's term by 12 months, adds 2022 financial statements, and revises the budget and common charges for the 243 4th Avenue Condominium.
- Plan term extended for twelve (12) months from the date of this Amendment
- Budget revised (Schedule B dated August-23); total operating expenses $353,327.17, with expert certification attached
- Schedule A common charges revised to match the revised budget
- Financial statements for the year ending December 31, 2022 added, showing net income of ($24,789.18)
- Unsold Units held by Sponsor: 3B, 9B, 11A, 12A and RTL
- Sponsor relinquished control of the Board in March 2022; current members are Robert Spinella (President), Eric Bailey (Treasurer) and Chaz Perera (Secretary)
- Successor Sponsor's aggregate monthly property taxes on unsold units: $13,518.54; monthly common charges: $8,173.35
- Separate real estate tax assessments made as of July 1, 2021
Amendment 9 Oct 26, 2020
This Ninth Amendment adds post-closing disclosures, sets an advertised price for Unit 5A, revises the Declaration and By-Laws, updates property taxes, clarifies doorman hours, and describes environmental inspection duties.
- Unit 5A may be advertised at $2,695,000.00
- Board of Managers grows from three to five members after Sponsor turns over control; it stays at three during the Declarant Control Period
- Updated property taxes for each Unit for the tax year commencing July 1, 2022 (Exhibit H)
- Non-union Doorman hours clarified: Monday thru Friday, 7:00 am to 3:00 pm, and Saturday and Sunday, 9:00 am to 5:00 pm
- First Unit Closing took place remotely on December 14, 2020; first meeting of Unit Owners to occur on or before December 13, 2021
- Site Management Plan inspection reports expected to cost approximately $2,500.00 every five years; the Condominium pays after 2021 reports
- Commercial Unit leased to a high-end urgent care facility
- Working Capital fund approximately $12,048.66 and Reserve Fund approximately $7,167.37
Amendment 7 Dec 11, 2019
This seventh amendment sets new advertised purchase prices for four unsold homes at 243 4th Avenue, Brooklyn (units 2B, 4A, 6B and 8A) and otherwise leaves the plan unchanged.
- Price change for 4 units: 2B at $2,349,000.00, 4A at $2,495,000.00, 6B at $2,249,000.00, 8A at $2,695,000.00
- All other terms of the plan remain unchanged
Team
- Sponsor
- 243 Development LLC
- Counsel
- Marans, Weisz & Newman LLC
- Construction lender
- 1st Constitution BankLender on the mortgage and building loan agreement recorded June 2017 in ACRIS; $6.86 million recorded
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- C4-4D
- Special district
- Special Gowanus Mixed-Use District (G)
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- Six Garfield Place Condominiumnext door · 3 units · 2024
- Six Garfield Condominiumnext door · 33 units · 2020
- 251 1st Street Condominiumnext door · 44 units · 2016
- Elan Condominiumnext door · 32 units · 11 parking · 2007
- 34 Garfield Place Condominiumnext door · 4 units · 2025
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