THE CONDO BOOK PROJECT

289 22nd Street Condominium (The Birchwood)

289 22nd Street, Brooklyn, NY 11215

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Overview

The Birchwood is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted October 2023 · 332 pages · floor plans on page 34
  • Finishes: Wood floors, Beko and GE appliances, a washer and dryer in each apartment and American Standard bathroom fittings
  • Prices: $7.3 million in all ($68.8 million when first offered)
  • Common charges: $171–$496 a month, the sponsor's first-year estimate
  • Sponsor: 289 22nd Street LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Jeff Akerman
  • Subway: 9-minute walk to 25 St (R); 11 minutes to Prospect Av (R)
  • Amendments: 2, the latest in March 2024
  1. SubmittedDecember 2023
  2. AcceptedOctober 2023
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Feb 28, 2026.

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 The Birchwood's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 8 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 7 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Feb 27, 2024

Plan declared effective after two units sold; term extended six months.

  • Plan declared effective as of February 27, 2024
  • Two units (1R and 3R) sold, meeting 25% threshold
  • Term extended six months from amendment date
  • First closing cannot occur until amendment accepted for filing

Amendment 1 Jan 22, 2024

First amendment revises unit offering prices, updates floor plans and engineer's report for DOB Post Approval Amendments, and extends the offering plan term by six months.

  • Offering prices for all 8 units updated: 1F $599,000, 1R $1,295,000, 2F $590,000, 2R $1,130,000, 3F $595,000, 3R $999,000, 4F $1,099,000, 4R $990,000
  • Common utility rooms at cellar resized; common storage room at cellar eliminated
  • Front penthouse terrace (305 sf) allocated as limited common element to Unit 4F with max 10 persons occupancy
  • Rear penthouse terrace (677 sf) allocated as common element with max 20 persons occupancy
  • Unit square footage and limited common element allocations revised per updated floor plans
  • Temporary Certificate of Occupancy anticipated by April 2024
  • Construction completion anticipated in February 2024
  • Offering plan term extended six months from amendment date
  • Schedule A prices increased for 7 homes (median +7.9%): 1F $525,000 → $599,000; 1R $1,200,000 → $1,295,000; 2F $545,000 → $590,000; 2R $1,050,000 → $1,130,000; ...
  • Schedule A prices decreased for 1 home (median -0.5%): 4R $995,000 → $990,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
289 22nd Street LLC
Principals
Jeff Akerman
Tax estimate
Re Tax Service, Inc.Prepared the first-year real estate tax projection
Construction lender
Quanta Finance$7.62 million recorded
General contractor
Reliant BuildersHeld the general construction permit on DOB job 321595840
Buyer's lender
ABC Mortgage CorpThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 192

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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