THE CONDO BOOK PROJECT

251 Withers Street Condominium

251 Withers Street, Brooklyn, NY 11211

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Overview

251 Withers Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted May 2017 · 262 pages · floor plans on page 20
  • Finishes: Hardwood floors, granite kitchen countertops, Frigidaire appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $1,133 a square foot on average, as first offered; $5.58 million in all ($4.88 million when first offered)
  • Common charges: $197–$377 a month, the sponsor's first-year estimate
  • Sponsor: 251 Withers LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Chao Q. Wu, Wu Chen, Yu Zhen Li, Zhen Tian Dong and Zhi Lin
  • Subway: 7-minute walk to Graham Av (L); 9 minutes to Grand St (L)
  • Amendments: 2, the latest in July 2017
  1. SubmittedJune 2017
  2. AcceptedMay 2017
  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 Jun 30, 2021.

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 251 Withers Street's common charges compare with similar buildings? →

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 →

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 2 Jul 19, 2017

Plan declared effective, storage spaces corrected, Unit 4 bathroom count fixed, and term extended.

  • Plan declared effective as of June 23, 2017 with 2 units (33% of residential units) sold
  • Storage spaces for Units 3F and 4F were inverted; revised cellar floor plan provided
  • Unit 4 bathroom count corrected from 1 to 2 bathrooms in revised Schedule A
  • Plan term extended for 6 months from amendment date (unless earlier than May 12, 2018)
  • Schedule A prices increased for 1 home (median +0.8%): 3R $729,000 → $735,000
  • Schedule A prices decreased for 3 homes (median -2.7%): 2F $729,000 → $699,000; 2R $735,000 → $715,000; 3F $735,000 → $729,000

Amendment 1 Jun 6, 2017

Offering prices for five units are amended.

  • Unit 1 offering price: $1,349,000
  • Unit 2F offering price: $699,000
  • Unit 2R offering price: $715,000
  • Unit 3F offering price: $729,000
  • Unit 3R offering price: $735,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
251 Withers LLC
Principals
Chao Q. Wu, Wu Chen, Yu Zhen Li, Zhen Tian Dong, Zhi Lin
General contractors
Global Group Industries, D Z ImageHeld the general construction permit on DOB job 320596299
Property reports
Wu Chen, Wu Chen, P.E.Prepared the plan's description of the property and its condition · Named on p. 91, p. 123
Title agency
Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 58

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 251 Withers Street's common charges high for the area? No, they're on the low side. 251 Withers Street budgets $0.32 per square foot a month, against a $0.44 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