THE CONDO BOOK PROJECT

289 Kosciuszko Street Condominium

289 Kosciuszko Street, Brooklyn, NY 11221

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Overview

289 Kosciuszko Street is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted May 2021 · 259 pages
  • Finishes: 9-foot ceilings, wood floors, stone kitchen countertops, wood cabinets and a washer and dryer in each apartment
  • Prices: $1,083 a square foot on average, as first offered; $3.59 million in all
  • Common charges: $283–$719 a month, the sponsor's first-year estimate
  • Sponsor: 289 Kosciuszko St LLC, represented by Eial Girtz, PC
  • Subway: 10-minute walk to Bedford-Nostrand Avs (G); 11 minutes to Myrtle-Willoughby Avs (G)
  • Amendments: 2, the latest in October 2022
  1. SubmittedJanuary 2022
  2. AcceptedMay 2021
  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 Jan 31, 2024.

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 289 Kosciuszko 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 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Oct 19, 2022

Plan extended 6 months; all 4 units have closed and sponsor released from financial obligations.

  • Plan extended for 6 months
  • All 4 units (Units 1, 2, 3, 4) have closed; no units remain unsold
  • First unit closing (Unit 3) occurred May 16, 2022
  • Final Certificate of Occupancy issued March 22, 2022
  • Declaration of Condominium recorded May 5, 2022
  • First unit owners meeting held November 3, 2022
  • Sponsor mortgage of $1,200,000 paid off in full; all units released from collateral
  • Working capital account balance $10,248.11; reserve account balance $1,177.76

Amendment 1 Jan 14, 2022

Plan declared effective after one unit sale; floor plans and unit dimensions updated to reflect as-built conditions; appliance list and tax law clarification corrected.

  • Plan declared effective on January 14, 2022 based on sale of one unit (25% of four units offered)
  • Unit 1A cellar square footage changed from 651 sq. ft. to 663 sq. ft.
  • Unit 2 storage changed from 36 sq. ft. to 24 sq. ft.
  • Appliances corrected: each unit contains refrigerator, gas range, microwave and dishwasher (not stove, hood, range)
  • Units 2, 3 and 4 are in contract
  • New York State transfer tax law amended effective July 1, 2021 eliminates grossing up requirement for residential property transfers
  • Building substantially completed as of June 2021; Construction Class I-B with 2-hour fire-rated structural elements
What each amendment changed, line by lineSee it free →

Team

Sponsor
289 Kosciuszko St LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
General contractor
Ab Plus R ConstructionHeld the general construction permit on DOB job 321191580

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 289 Kosciuszko Street's common charges high for the area? They're in line. 289 Kosciuszko Street budgets $0.54 per square foot a month, against a $0.54 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 4 units, every budget line, every saleSee it free