THE CONDO BOOK PROJECT

Ridgewood Place Condominium

3 Ridgewood Place, Brooklyn, NY 11237

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Overview

Ridgewood Place is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted September 2016 · 295 pages · floor plans on pages 117–118
  • Finishes: 10-foot ceilings, hardwood floors, laminate kitchen countertops, wood cabinets, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $878 a square foot on average, as first offered; $3.47 million in all ($2.92 million when first offered)
  • Common charges: $252–$375 a month, the sponsor's first-year estimate
  • Developer: Y.A. Construction; principals Yaakov Scharman
  • Sponsor: Ridgewood Pl Condo, LLC, represented by Law Office Of Charles Mandelbaum
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 2-minute walk to Myrtle-Wyckoff Avs (L, M); 8 minutes to Seneca Av (M)
  • Amendments: 1, the latest in November 2017
  1. SubmittedNovember 2017
  2. AcceptedSeptember 2016
  3. 1 amendment
  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 Aug 31, 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 Ridgewood Place'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 →

Team

Sponsor
Ridgewood Pl Condo, LLC
Developer
Y.A. Construction
Principals
Yaakov Scharman
Tax estimate
Metropolitan Realty Exemptions, IncPrepared the first-year real estate tax projection
Construction lender
Tideway Capital Funding$975,000 recorded

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6
Commercial overlay
C2-3

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are Ridgewood Place's common charges high for the area? No, they're on the low side. Ridgewood Place budgets $0.29 per square foot a month, against a $0.40 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?