Boerum Condominium
265 State Street, Brooklyn, NY 11201
Overview
Boerum is a 128-unit condo in Brooklyn, with 3 commercial units.
- Offering plan: Accepted October 2014 · 455 pages · floor plans on page 59
- Finishes: Wood floors, Wolf appliances, a washer and dryer in each apartment and ducted heat pumps for heating and cooling
- Prices: $1,330 a square foot on average, as first offered; $277.9 million in all ($251.6 million when first offered)
- Common charges: $712–$2,688 a month, the sponsor's first-year estimate
- Developer: Flank 71 Smith L.L.C; principals Jonathan Kully and Michael Walsdorf
- Sponsor: 71 Smith Street Property Owner, LLC, represented by Bryan Cave Leighton Paisner LLP
- Subway: 3-minute walk to Hoyt-Schermerhorn Sts (A, C, G); 4 minutes to Jay St-MetroTech (A, C, F, R)
- Amendments: 23, the latest in August 2017
- Other filings: NA230135 (no-action filing, filed 2023)
- Units
- 128 residential · 3 commercial
- Subway
- 3 min walk to Hoyt-Schermerhorn Sts A C GJay St-MetroTech A C F R, 4 min
- Developer
- Flank 71 Smith L.L.C
- Principals
- Jonathan Kully, Michael Walsdorf
- Average $/sf
- $1,330Homes in Schedule A, as first offered
- Common charges
- $712–$2,688 a monthSponsor's first-year estimate in Schedule A, 12/15/16-12/14/17
- Offering price
- $277.9 million total $251.6 million when first offered
- Floor plans
- Page 59 of the plan
- SubmittedDecember 2014
- AcceptedOctober 2014
- 23 amendments
- First sale
- Latest sale
Units & Prices
Sales
128 of 128homes sold (100%)
From city records (ACRIS), through Sep 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 4 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- 71 Smith Street Property Owner, LLC
- Developer
- Flank 71 Smith L.L.C
- Principals
- Jonathan Kully, Michael Walsdorf
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- Construction lender
- M&T Bank
- General contractor
- Lettire ConstructionHeld the general construction permit on DOB job 320517927
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- C6-1
- Special district
- Special Downtown Brooklyn District (DB)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Be@Schermerhornnext door · 246 units · 1 parking · 2008
- Brooklyn Heights Luxury Condominiumsnext door · 7 units · 2007
- 328 Atlantic Avenue Condominium0.1 mi · 4 units · 2021
- Phoenix Roze0.1 mi · 4 units · 2020
- 211 Schermerhorn Condominium0.1 mi · 48 units · 2017
- 110 Livingston Street Condominium0.1 mi · 299 units · 2006
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