THE CONDO BOOK PROJECT

257 Throop Avenue Condominium

257 Throop Avenue, Brooklyn, NY 11206

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Overview

257 Throop Avenue is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted August 2020 · 262 pages · floor plans on page 205
  • Finishes: Hardwood floors, quartz kitchen countertops, painted wood cabinets, Samsung appliances, a washer and dryer in each apartment and split-system units for heating and cooling
  • Prices: $882 a square foot on average, as first offered; $3.66 million in all ($4.6 million when first offered)
  • Common charges: $381–$577 a month, the sponsor's first-year estimate
  • Developer: Blackbird Development NYC; principals Omer Avital and Yoav Adereth
  • Sponsor: 257 Throop Holdings LLC, represented by Eial Girtz P.C.
  • Subway: 8-minute walk to Myrtle-Willoughby Avs (G); 10 minutes to Myrtle Av (J, M, Z)
  • Amendments: 2, the latest in January 2022
  1. SubmittedAugust 2021
  2. AcceptedAugust 2020
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 31, 2026.

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 257 Throop Avenue's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 4 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 2 Jan 31, 2022

Amendment extends the plan for 6 months and reports on initial closings, financing, and condominium operations status.

  • Plan extended for 6 months
  • Final Certificate of Occupancy obtained October 20, 2021
  • First closing (Unit #1) December 9, 2021; Unit 2 also closed, Unit 4 in contract, Unit 3 unsold
  • Monthly common charges: Unit 3 $397.75, Unit 4 $520.69
  • Monthly real estate taxes: Unit 3 $381.99, Unit 4 $500.06
  • Sponsor financing of $1,900,000.00 from White Oak Projects LLC; Units 1 and 2 released, Units 3 and 4 pledged as collateral
  • Working capital and reserve accounts established at Chase Bank
  • Reserve account target amount $2,300.00 with $191.67 monthly contribution

Amendment 1 Jan 27, 2021

Plan declared effective based on one unit contract and extended for 6 months; NY State transfer tax law change effective July 1, 2021 eliminates grossing up requirement.

  • Plan extended for 6 months
  • Plan declared effective January 27, 2021 based on 1 unit contract (25% of 4 units)
  • Units 1, 2, and 4 in contract; Unit 3 unsold
  • No closings completed; all units vacant
  • Condominium Declaration not yet recorded
  • Certificate of Occupancy not yet issued
  • NY State transfer tax no longer grossed up for residential conveyances dated on or after July 1, 2021
What each amendment changed, line by lineSee it free →

Team

Sponsor
257 Throop Holdings LLC
Developer
Blackbird Development NYC
Principals
Omer Avital, Yoav Adereth
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
White Oak Projects$1.9 million loan stated in the plan
Property report
Demerara Engineering , LLCPrepared the plan's description of the property and its condition · Named on p. 122

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6A
Commercial overlay
C2-4

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 257 Throop Avenue's common charges high for the area? No, they're on the low side. 257 Throop Avenue budgets $0.45 per square foot a month, against a $0.50 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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