THE CONDO BOOK PROJECT

285 7th Street Condominium

285 7th Street, Brooklyn, NY 11215

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Overview

285 7th Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted April 2021 · 259 pages · floor plans on page 102
  • Finishes: Engineered wood floors, quartz kitchen countertops, Interni Cucine cabinets, Sub-Zero and Wolf appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
  • Prices: $1,545 a square foot on average, as first offered; $5.79 million in all
  • Common charges: $398–$664 a month, the sponsor's first-year estimate
  • Developer: National Realty Investment Advisors LLC; principals Rey Grabato
  • Sponsor: 7th Street Capital 285, LLC, represented by Gabor & Marotta LLC
  • Subway: 3-minute walk to 4 Av-9 St (F, G, R); 10 minutes to 7 Av (F, G)
  • Amendments: 1, the latest in April 2022
  1. SubmittedApril 2022
  2. AcceptedApril 2021
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Oct 31, 2023.

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 285 7th Street'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 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Mar 25, 2022

Microwave and garbage disposal units listed in the original offering plan will not be included in any units due to construction limitations.

  • No built-in microwaves or garbage disposal units in any units
  • Units 1 and 2 purchasers offered right of rescission within 15 days
  • Sponsor address changed to 1 Harmon Plaza, 9th floor Secaucus NJ 07094
  • Unit 3 remains unsold; Units 1 and 2 in contract
  • Final Certificate of Occupancy application pending
What the amendment changed, line by lineSee it free →

Team

Sponsor
7th Street Capital 285, LLC
Principals
Rey Grabato
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Title agency
Princeton Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Fidelity National Title Insurance Company · Named on p. 102

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

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The Condo Book Project Are 285 7th Street's common charges high for the area? Yes, they're on the high side. 285 7th Street budgets $0.44 per square foot a month, against a $0.43 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 3 units, every budget line, every saleSee it free