THE CONDO BOOK PROJECT

27 Wyckoff Condominium

27 Wyckoff Street, Brooklyn, NY 11201

Compare

Overview

27 Wyckoff is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted August 2022 · 468 pages · floor plans on page 48
  • Finishes: Hardwood floors, quartz kitchen countertops, painted shaker cabinets, Liebherr, Bertazzoni and Bosch appliances, a washer and dryer in each apartment, Moen bathroom fittings and split-system units for heating and cooling
  • Prices: $1,415 a square foot on average, as first offered; $4.5 million in all
  • Common charges: $1,140–$2,020 a month, the sponsor's first-year estimate
  • Sponsor: Independence 41, LLC, represented by Starr Associates, LLP; principals Fredrick Waid
  • Neighborhood: Boerum Hill, Brooklyn
  • Subway: 3-minute walk to Bergen St (F, G); 9 minutes to Borough Hall/Court St (2, 3, 4, 5, R)
  • Amendments: 3, the latest in October 2023
  1. SubmittedNovember 2022
  2. AcceptedAugust 2022
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

2 of 3homes sold (67%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Feb 28, 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 27 Wyckoff's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 3 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 2 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Oct 31, 2023

Third Amendment documents the First Closing on August 31, 2023, establishes the Condominium Board, and provides sponsor financial disclosures.

  • First Closing occurred August 31, 2023 for Unit 2 at Starr Associates LLP
  • Condominium Declaration recorded July 31, 2023 in Register's Office CRFN 2023000190454
  • Floor Plans filed July 19, 2023 as Condominium Plan No. 5760
  • Working Capital Account of approximately $1,063 established at Citizens Bank
  • Managing Agent is Monarch Realty Group Holdings, LLC (not affiliated with Sponsor)
  • Condominium Board members: Fredrick P. Waid (President), Mary Ann Degala (Vice President), Robert Maquat (Secretary/Treasurer)
  • Sponsor sold 2 Units; Unit 3 remains unsold
  • Sponsor monthly Common Charges approximately $1,113; real estate taxes approximately $396

Amendment 2 May 18, 2023

Plan declared effective, escrow bank changed to Flagstar Bank, and extension of plan terms.

  • Plan declared effective based on receipt of one purchase agreement representing 33% of three units
  • Escrow Bank changed from Signature Bank to Flagstar Bank, N.A.; deposits held at 261 Madison Avenue, New York, NY 10016
  • Escrow interest rate approximately 0.20%, subject to change at Escrow Bank's discretion
  • One unit (Unit 1) counted for effectiveness with purchase agreement dated May 3, 2023

Amendment 1 Nov 28, 2022

Amendment updates Schedule A with adjusted unit percentages, real estate taxes, and common charges; sets first year of operation to January 1, 2023; establishes sponsor subsidy of up to $15,000; and names Compass as selling agent and Monarch Realty Group as managing agent.

  • First Year of Condominium Operation scheduled to commence January 1, 2023
  • Schedule A updated with adjusted percentages of Common Interest and revised Real Estate Taxes and Common Charges
  • Sponsor Subsidy of $15,000 maximum ($1,250 per month through end of First Year)
  • Selling Agent changed to Compass (90 5th Avenue, 3rd Floor, New York, NY 10011)
  • Managing Agent and Budget Expert is Monarch Realty Group (19 West 34th Street, New York, NY 10001)
  • First Year's Budget period: January 1, 2023 through December 31, 2023
What each amendment changed, line by lineSee it free →

Team

Sponsor
Independence 41, LLC
Principals
Fredrick Waid
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
MEP engineer
Jack Green AssociatesMechanical, electrical and plumbing · Named on p. 147

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

Free in ChatGPT or Claude

Ask Claude or ChatGPT about 27 Wyckoff

The fastest way to know any condo or co-op

Get Connected →
The Condo Book Project Are 27 Wyckoff's common charges high for the area? Yes, they're on the high side. 27 Wyckoff budgets $1.08 per square foot a month, against a $0.35 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?