245 Schaefer Street Condominium
245 Schaefer Street, Brooklyn, NY 11207
Overview
245 Schaefer Street is a 10-unit condo in Brooklyn.
- Offering plan: Accepted February 2018
- Prices: $6.14 million in all ($5 million when first offered)
- Sponsor: 245 Schaefer Street LLC, represented by The Law Office Of Jay Lichtman, P.C.
- Subway: 5-minute walk to Wilson Av (L); 7 minutes to Halsey St (L)
- Amendments: 6, the latest in January 2020
- Units
- 10 residential
- Subway
- 5 min walk to Wilson Av LHalsey St L, 7 min
- Offering price
- $6.14 million total $5 million when first offered
- SubmittedMarch 2018
- AcceptedFebruary 2018
- 6 amendments
- First sale
- Latest sale
Sales
10 of 10homes sold (100%)
From city records (ACRIS), through Sep 30, 2024.
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 6 Jan 6, 2020
This amendment adds new transfer-tax and federal reporting risks for buyers, notes that the 2020 budget and 2019 financial statement are not yet available, and extends the Plan's term by 12 months.
- Base Tax rate raised to $3.25 per $500.00 (0.65%) for purchases of $3,000,000.00 or more; lower purchases remain 0.4%
- New Supplemental Tax paid by purchaser for prices of $2,000,000.00 and up, from .25% to 2.90% of the Purchase Price
- New FinCEN Geographic Targeting Order reporting for certain entity purchases of $300,000.00 or more made without a bank loan, for closings from November 12, 2019 until May 9, 2020
- Plan term extended for 12 months
- Units 2B, 3B and 4A are the only unsold units; list in Exhibit II
- 2020 Budget and 2019 Financial Statement not yet furnished; buyers should ask the Board of Managers
- Final Certificate of Occupancy dated July 24, 2019 attached as Exhibit I
- Board of Managers is entirely non-Sponsor controlled: President Eyal Wellisch, Treasurer Sherouk Fetaih, Secretary Francine Simmons
Team
- Sponsor
- 245 Schaefer Street LLC
- Construction lender
- Sharestates InvestmentsLender on the mortgage and building loan agreement recorded June 2018 in ACRIS; $2.41 million recorded
- General contractor
- Brooklyn B Company GroupHeld the general construction permit on DOB job 321196932
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
- 220 Schaefer Street Condominiumnext door · 6 units · 2025
- 833 Knickerbocker Avenue Condominiumnext door · 10 units · 1 parking · 2025
- 1255 Decatur Street Condominiumnext door · 8 units · 2025
- 282 Eldert Street Condominiumnext door · 17 units · 9 parking · 2018
- 301 Covert Street Condominiumnext door · 19 units · 10 parking · 2018
- 627 Wilson Avenue Condominium0.1 mi · 5 units · 2021
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