2591 Briggs Avenue Condominium
2591 Briggs Avenue, Bronx, NY 10458
Overview
2591 Briggs Avenue is a 10-unit condo in Bronx.
- Offering plan: Accepted March 2022 · 324 pages · floor plans on page 32
- Finishes: 9'1" ceilings, hardwood floors, quartz kitchen countertops, custom wood cabinets and Frigidaire and Amana appliances
- Prices: $260 a square foot on average, as first offered; $5.78 million in all ($3.02 million when first offered)
- Common charges: $388–$850 a month, the sponsor's first-year estimate
- Developer: Renaissance Realty Group; principals Mayer Chemtob
- Sponsor: 2591 Briggs Avenue LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 4-minute walk to Kingsbridge Rd (B, D); 6 minutes to Fordham Rd (B, D)
- Amendments: 3, the latest in March 2023
- Units
- 10 residential
- Subway
- 4 min walk to Kingsbridge Rd B DFordham Rd B D, 6 min
- Developer
- Renaissance Realty Group
- Principals
- Mayer Chemtob
- Average $/sf
- $260Homes in Schedule A, as first offered
- Common charges
- $388–$850 a monthSponsor's first-year estimate in Schedule A, April 1, 2022 - March 31, 2023
- Offering price
- $5.78 million total $3.02 million when first offered
- Floor plans
- Page 32 of the plan
- SubmittedJune 2022
- AcceptedMarch 2022
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 30, 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 2591 Briggs 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 10 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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Mar 9, 2023
First closing completed, working capital fund deposited, Board of Managers established with sponsor control ongoing.
- First unit closed on November 28, 2022
- Declaration of Condominium recorded November 28, 2022
- Working capital fund of $1,534.10 deposited at Flagstar Bank
- Reserve fund subaccount received $170.45
- First Unit Owners meeting held on February 1, 2023
- Sponsor retains control of Board until unsold units less than 25% of total
- Sponsor owns 8 unsold residential units
Amendment 2 Aug 10, 2022
The plan is declared effective after two bona fide purchasers executed purchase agreements representing 20% of the ten units offered.
- Plan declared effective based on purchase of 2 units (20% of 10 units offered)
- Units 2N and 3S sold as of August 10, 2022
Amendment 1 Jun 9, 2022
Sponsor financing added at 5.5% fixed rate for up to 7 years, and unit prices amended.
- Sponsor financing available: up to sales price minus $75,000, 7-year term, 5.5% fixed interest, interest-only monthly payments with balloon payment at maturity
- Unit prices amended: Units 1N-4S and 2-4N priced at $525,000 each, Unit 5 at $1,050,000
- HO6 insurance required at closing; title loan policy required
- Three months' payment required as reserve deposit at closing
- Late charge of $0.10 per $1.00 if payment 15+ days overdue
- Default interest rate 10% per annum; acceleration permitted upon default
- No unit alterations, financing, or demolition without Sponsor written consent
- No units under contract
Team
- Sponsor
- 2591 Briggs Avenue LLC
- Developer
- Renaissance Realty Group
- Principals
- Mayer Chemtob
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- Metropolitan Commercial BankLender on the mortgage and building loan agreement recorded November 2019 in ACRIS
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R8
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Fordham Terrace Apartments0.2 mi · 1983
- 2640 Marion Avenue0.2 mi · 1987
- 2506 Davidson Ave0.4 mi · 1986
- Sedgwick Condominium0.7 mi · 40 units · 29 parking · 2007
- Bainbridge House, Inc.0.7 mi · 1985
- 2630 Kingsbridge Terrace0.7 mi · 1987
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 2591 Briggs Avenue
The fastest way to know any condo or co-op
Get Connected →