THE CONDO BOOK PROJECT

Phoenix Roze

280 Atlantic Avenue, Brooklyn, NY 11201

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Overview

Phoenix Roze is a 4-unit condo in Brooklyn, with 1 commercial unit.

  • Offering plan: Accepted July 2020 · 356 pages · floor plans on page 5
  • Finishes: Thermador and Bosh appliances, a washer and dryer in each apartment and ducted heat pumps for heating and cooling
  • Prices: $1,200 a square foot on average, as first offered; $8.32 million in all ($8.28 million when first offered)
  • Common charges: $656–$906 a month, the sponsor's first-year estimate
  • Developer: Class One Construction, Ltd
  • Sponsor: Wrb 280 Atlantic Ave., LLC, represented by Rothkrug Rothkrug & Spector, LLP
  • Subway: 3-minute walk to Bergen St (F, G); 5 minutes to Jay St-MetroTech (A, C, F, R)
  • Amendments: 2, the latest in September 2021
  1. SubmittedMay 2021
  2. AcceptedJuly 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 Nov 30, 2025.

First-Year Budget

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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 Sep 13, 2021

Corrects transposed square footage and percentages for Units 3 and 4, raises Unit 4 price to $1,400,000, and updates tax law regarding transfer taxes.

  • Unit 3 rooftop limited common element corrected to 140 sq ft, Unit 4 to 278 sq ft
  • Unit 3 price $1,350,000, Unit 4 price raised to $1,400,000
  • Unit 3 common interest 16.8833%, Unit 4 common interest 17.0163%
  • Unit 3 monthly charges $727.58, Unit 4 monthly charges $765.44
  • Plan declared effective September 8, 2021 with one purchase agreement for Unit 5
  • Construction approximately 97% complete
  • New York State Transfer Tax rate $4.00 per thousand; purchaser's payment not counted as additional consideration

Amendment 1 Apr 22, 2021

Amendment revises unit square footages and common interest percentages based on as-built conditions, updates floor plans and appliance models, delays first closing to July 1, 2021 due to Covid-19, and adjusts budget and real estate tax projections.

  • All unit square footages revised based on as-built conditions
  • Common interest percentages recalculated and updated in Schedule A
  • Floor plans amended with minor appliance model changes
  • First closing date moved from August 1, 2020 to July 1, 2021
  • First year of condominium operations commences July 1, 2021
  • Rescission right offered if first closing occurs after June 30, 2022
  • Real estate tax projections increased for first year of operations
  • Construction approximately 95% complete; no purchase agreements or closings yet
What each amendment changed, line by lineSee it free →

Team

Sponsor
Wrb 280 Atlantic Ave., LLC
Developer
Class One Construction, Ltd
Tax estimate
Rothkrug & RothkrugPrepared the first-year real estate tax projection
General contractors
Class One Construction, Eagle Building DesignHeld the general construction permit on DOB job 321121479

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
Special district
Special Downtown Brooklyn District (DB)Atlantic Avenue Subdistrict

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

Nearby

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The Condo Book Project Are Phoenix Roze's common charges high for the area? Yes, they're on the high side. Phoenix Roze budgets $0.69 per square foot a month, against a $0.48 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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