289 Devoe Street Condominium
289 Devoe Street, Brooklyn, NY 11211
Overview
289 Devoe Street is a 7-unit condo in Brooklyn.
- Offering plan: Accepted September 2018 · 340 pages · floor plans on page 32
- Finishes: Hardwood floors, granite kitchen countertops, Frigidaire appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,122 a square foot on average, as first offered; $6.13 million in all ($4.54 million when first offered)
- Common charges: $239–$642 a month, the sponsor's first-year estimate
- Sponsor: 289 Devoe St LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Arie Bar Chaim
- Subway: 5-minute walk to Grand St (L); 8 minutes to Graham Av (L)
- Amendments: 4, the latest in October 2020
- Units
- 7 residential
- Subway
- 5 min walk to Grand St LGraham Av L, 8 min
- Principals
- Arie Bar Chaim
- Average $/sf
- $1,122Homes in Schedule A, as first offered
- Common charges
- $239–$642 a monthSponsor's first-year estimate in Schedule A, January 1, 2019- December 31, 2019
- Offering price
- $6.13 million total $4.54 million when first offered
- Floor plans
- Page 32 of the plan
- SubmittedJune 2019
- AcceptedSeptember 2018
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
7 of 8homes sold (88%)
From city records (ACRIS), through Aug 31, 2025.
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 plan lists what a buyer pays at closing.
All 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Oct 16, 2020
Amendment updates FinCEN disclosure requirements, confirms occupancy certificates and first closing, establishes reserve fund, and extends plan term.
- FinCEN Geographic Targeting Order disclosure added for residential closings May 10, 2020 through November 5, 2020
- Temporary Certificates of Occupancy issued June 30, 2020 and October 1, 2020; Final Certificate of Occupancy issued October 21, 2020
- First unit closing occurred January 30, 2020 at The Law Office of Jay Lichtman P.C., 68 Jay Street, Suite 420, Brooklyn, NY 11201
- Condominium Declaration recorded with City Register on December 31, 2019
- Units separately assessed for NYC Real Property tax purposes effective July 1, 2020
- Reserve fund account maintained at Chase Bank, 225 Havemeyer Street, Brooklyn, NY 11211 with balance of $12,906.06
- Sponsor relinquished board control at Unit Owners meeting on or about July 13, 2020
- Plan term extended for six (6) months from amendment date
Amendment 3 Mar 27, 2020
Floor plans updated to reflect final as-built conditions, with unit square footages adjusted, storage spaces modified, two penthouse units gaining roof terraces, and occupancy certificates issued.
- Unit 1 square footage decreased from 1,700 sf to 1,658 sf; winding stairs do not comply with NYC 2014 Building Code Section 1009.4.2
- Units 2F and 3F square footage decreased from 600 sf to 596 sf each
- Units 2R and 3R square footage decreased from 596 sf to 592 sf each; Unit 2R Juliette balcony removed
- Unit 4F square footage decreased from 669 sf to 661 sf; 580 sf private roof terrace added
- Unit 4R square footage increased from 665 sf to 801 sf; penthouse bedroom and half bathroom added; 408 sf private roof terrace added
- Storage spaces reduced for Units 2F (54 sf to 39 sf), 2R (54 sf to 25 sf), and 4F (104 sf to 53 sf); two 30 sf common storage spaces added
- Temporary Certificates of Occupancy issued December 16, 2019 and March 26, 2020; Final Certificate of Occupancy expected June 2020
- Common interest allocations changed; Plan term extended six months; revised Schedule A attached
- Schedule A prices increased for 5 homes (median +28.7%): 1 $1,275,000 → $1,450,000; 2F $540,000 → $695,000; 2R $540,000 → $695,000; 3F $540,000 → $745,000; ...
Amendment 1 Jun 6, 2019
Offering prices for seven units are updated.
- Unit 1 offering price: $1,450,000
- Unit 2F offering price: $695,000
- Unit 2R offering price: $695,000
- Unit 3F offering price: $745,000
- Unit 3R offering price: $745,000
- Unit 4F offering price: $795,000
- Unit 4R offering price: $1,000,000
Team
- Sponsor
- 289 Devoe St LLC
- Principals
- Arie Bar Chaim
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Fortress Credit
- General contractors
- Brooklyn Az, Nyb BuildersHeld the general construction permit on DOB job 321194596
- Property report
- Wu Chen, P.E.Prepared the plan's description of the property and its condition · Named on p. 130
- Title agency
- Riverside Abstract Co., LLCThe sponsor's title company for buyers; you can choose another · Named on p. 68
- Buyer's lenders
- Citizens Bank, Wells FargoThe sponsor's preferred mortgage lenders; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 201
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
- 291 Devoe Street Condonext door · 8 units · 2008
- The 338 Devoe Street Condominiumnext door · 6 units · 2026
- 290 Powers Street Condominium0.1 mi · 4 units · 2017
- 237 Devoe Street Condominium0.1 mi · 6 units · 2019
- 850 Metropolitan Avenue Condominium0.2 mi · 32 units · 2019
- Devoe Tower Condominium0.2 mi · 4 units · 2022
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