THE CONDO BOOK PROJECT

291 Devoe Street Condo

291 Devoe Street, Brooklyn, NY 11211

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Overview

291 Devoe Street Condo is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted July 2008 · 338 pages · floor plans on page 304
  • Finishes: Laminate kitchen countertops, Frigidaire and General Electric appliances and Delta bathroom fittings
  • Prices: $784 a square foot on average, as first offered; $4.37 million in all
  • Common charges: $121–$186 a month, the sponsor's first-year estimate
  • Sponsor: Builders NY Holdings V, LLC, represented by Harold L. Gruber, P.C.; principals Gregory S. Walls and Irving Rubin
  • Subway: 5-minute walk to Grand St (L); 8 minutes to Graham Av (L)
  • Amendments: 6, the latest in August 2011
  1. SubmittedJune 2010
  2. AcceptedJuly 2008
  3. 6 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 Apr 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 291 Devoe Street Condo'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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

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

Amendments

Amendment 6 Aug 10, 2011

Post-closing updates including first unit closing on May 3, 2011, building occupancy received, and sales status of 7 closed and 1 contracted unit.

  • Declaration of Condominium recorded March 29, 2011 (File No. CRFN 2011000112075)
  • First unit closed May 3, 2011
  • Final Certificate of Occupancy received for all units
  • 7 of 8 units closed, 1 unit (1A) under contract
  • Condominium Working Capital Fund balance $4,674.10
  • Monthly sponsor obligation for unsold unit approximately $318.67
  • First annual meeting of unit owners scheduled September 12, 2011
What the amendment changed, line by lineSee it free →

Team

Sponsor
Builders NY Holdings V, LLC
Principals
Gregory S. Walls, Irving Rubin
Tax estimate
Leitner Group, Inc.Prepared the first-year real estate tax projection
Construction lender
Builders BankLender on the mortgage and building loan agreement recorded December 2006 in ACRIS; $3.4 million recorded
General contractors
Fungs Shung Dee Const TNC, Kudos Construction, Triple 8 ConstructionHeld the general construction permit on DOB job 302072325

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 291 Devoe Street Condo's common charges high for the area? No, they're on the low side. 291 Devoe Street Condo budgets $0.21 per square foot a month, against a $0.37 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 8 units, every budget line, every saleSee it free