South 3rd Street Condominium
29 South 3rd St, Brooklyn, NY 11211
Overview
South 3rd Street is a 23-unit condo in Brooklyn, with 29 parking units.
- Offering plan: Accepted November 2008 · 52 pages
- Prices: $950 a square foot on average, as first offered; $50.7 million in all
- Common charges: $189–$354 a month, the sponsor's first-year estimate
- Sponsor: 291 Kent Properties, LLC, represented by Harold L. Gruber, P.C.; principals YIDEL HIRSCH
- Neighborhood: Williamsburg, Brooklyn
- Subway: 13-minute walk to Marcy Av (J, M, Z); 13 minutes to Bedford Av (L)
- Amendments: 5, the latest in April 2012
- Units
- 23 residential · 29 parking
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 13 min walk to Marcy Av J M ZBedford Av L, 13 min
- Principals
- YIDEL HIRSCH
- Average $/sf
- $950Homes in Schedule A, as first offered
- Common charges
- $189–$354 a monthSponsor's first-year estimate in Schedule A, August 1, 2010 - July 31, 2011
- Offering price
- $50.7 million total
- SubmittedNovember 2009
- AcceptedNovember 2008
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 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 South 3rd Street's common charges compare with similar buildings? →
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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 5 Apr 10, 2012
Offering plan term extended one year; sponsor ownership and board control updated; 2012-2013 tax year assessment confirmed.
- Offering plan term extended one additional year from amendment acceptance
- Sponsor holds 2 unsold units: 1B and 1C with monthly common charges of $300.96 and $274.16
- Board of Managers changed; Elizabeth Hansel now President
- Sponsor no longer controls Board of Managers
- Unit 1B mortgaged to Hudson City Savings Bank with $464,700.00 outstanding balance at 5.125% interest, maturing December 31, 2041
- Units separately assessed for 2012-2013 New York City Real Property Tax year
- Operating Budget for January 1 - December 31, 2012 totals $74,773 in income and expenses
Amendment 1 Nov 2, 2009
This is the First Amendment to the original offering plan, substantially modifying the plan originally accepted for filing November 4, 2008.
- First Amendment to original offering plan accepted November 4, 2008
- Plan acceptance date: November 72
- Plan expires August 22, 2010 unless extended by amendment
Team
- Sponsor
- 291 Kent Properties, LLC
- Principals
- YIDEL HIRSCH
- Counsel
- Harold L. Gruber, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- General contractors
- Alpha, 291 Kent Properties, Alpha General ConstructionHeld the general construction permit on DOB job 301429069
- Property report
- DEMERARA ENGINEERING, PLLCPrepared the plan's description of the property and its condition · Named on p. 38
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- M1-4/R6A
- Special district
- Special Mixed Use District (MX-8) (MX-8)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 46 South 2nd Street Condominiumnext door · 23 units · 12 parking · 2009
- Esquire Building Condominiumnext door · 73 units · 2001
- 346 Kent Avenue Condominiumnext door · 160 units · 2024
- 79 South 2nd Street Condominium0.1 mi · 3 units · 2025
- 51 South 1st Street Condominium0.1 mi · 8 units · 2025
- 89 South 4 Street Condominium0.1 mi · 4 units · 2022
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