301 Covert Street Condominium
301 Covert Street, Brooklyn, NY 11237
Overview
301 Covert Street is a 19-unit condo in Brooklyn, with 10 parking units.
- Offering plan: Accepted September 2018
- Prices: $897 a square foot on average, as first offered; $13.8 million in all ($10.1 million when first offered)
- Common charges: $278–$518 a month, the sponsor's first-year estimate
- Sponsor: 301 Covert Street LLC, represented by Marans Weisz & Newman LLC
- Subway: 5-minute walk to Halsey St (L); 8 minutes to Wilson Av (L)
- Amendments: 6, the latest in July 2020
- Units
- 19 residential · 10 parking
- Subway
- 5 min walk to Halsey St LWilson Av L, 8 min
- Average $/sf
- $897Homes in Schedule A, as first offered
- Common charges
- $278–$518 a monthSponsor's first-year estimate in Schedule A, January 1, 2019 - December 31, 2019
- Offering price
- $13.8 million total $10.1 million when first offered
- SubmittedNovember 2018
- AcceptedSeptember 2018
- 6 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2025.
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 →The Building
Amendments
Amendment 5 Feb 13, 2020
This amendment extends the offering plan's term by six months, reports that the first unit closed in June 2019 with ten homes still unsold, and updates the building's temporary certificate of occupancy and the sponsor's control of the board.
- Plan term extended by six (6) months from the filing date of this Amendment
- Ten unsold homes listed: P1, P2, P10, 1A, 2B, 3A, 4B, 4C, 4D, 5B
- Temporary Certificate of Occupancy issued November 29, 2019; permanent Certificate of Occupancy expected by the end of April 2020, not guaranteed
- First Unit Closing took place June 18, 2019; no financial statements available
- First Year Budget (June 18, 2019 - June 17, 2020) unchanged from prior disclosure
- Sponsor controls the Board until the earlier of 90 days after 75% of Units are conveyed or three (3) years from the First Unit Closing
- Sponsor pays aggregate monthly Common Charges of $2,384.39 and property taxes of $776.68 on unsold Units
- First meeting of Unit Owners not yet held; to be called no more than one year after the First Unit Closing
Amendment 3 Jul 2, 2019
This amendment updates unit floor areas and the condo report's equipment list, confirms parking spaces are deeded, reports the temporary Certificate of Occupancy and $10,000.00 escrow, and extends the plan term by six months.
- Unit floor areas changed for 19 homes in the chart, e.g., 5C from 1011 to 1025 sq ft
- Closet in 5A relocated and reduced in size; balcony in 5B removed
- Parking spaces are now deeded, not licensed
- Plan term extended by six (6) months from the filing date of this Amendment
- Condo report updated: LG PTAC units, new hot water heaters, NY Colored Glass entry door, engineered Oak flooring, Schindler Hydraulic elevator, electric ventless dryer hookups; no skylights
- Temporary CO issued May 30, 2019; permanent CO expected by end of calendar year but not guaranteed; Ten Thousand Dollars ($10,000.00) posted as security
- 17 unsold units held by Sponsor: 1A, 2A, 2B, 2C, 2D, 2E, 3A, 3B, 3C, 3D, 4A, 4B, 4C, 4D, 5A, 5B, 5C
- First Unit Closing took place June 18, 2019; first meeting of Unit Owners not yet held
Amendment 2 Dec 18, 2018
The amendment declares the plan effective after purchase agreements were accepted for three units (15% of the building), and adds a federal FinCEN reporting requirement for certain title closings.
- Plan declared effective: purchase agreements accepted for 3 residential units, 15% of the units in the building
- Units counted toward effectiveness: 2E (12/6/2018), 3C (12/5/2018), 3E (12/5/2018)
- New FinCEN requirement: title companies must collect and report purchaser information for certain purchases over $300,000.00 made without a bank loan and paid at least partly in currency or other listed non-bank methods
- Requirement applies to qualifying closings on or after November 17, 2018, while the order remains in effect
- The FinCEN order expires May 15, 2019 and is expected to be renewed on similar terms
Amendment 1 Nov 2, 2018
This amendment sets the advertised purchase price for 19 units (1A through 5C) and leaves the rest of the plan unchanged.
- Advertised purchase prices set for 19 units, from $473,800.00 (Unit 1A) to $875,500.00 (Unit 5C)
- Except for these prices, the Plan remains unchanged
Team
- Sponsor
- 301 Covert Street LLC
- Counsel
- Marans Weisz & Newman LLC
- Construction lender
- Skw CpLender on the mortgage and building loan agreement recorded March 2017 in ACRIS; $6.1 million recorded
- General contractors
- Brooklyn B Company Group, Turnkey 88 ContractingHeld the general construction permit on DOB job 321197708
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 833 Knickerbocker Avenue Condominiumnext door · 10 units · 1 parking · 2025
- 282 Eldert Street Condominiumnext door · 17 units · 9 parking · 2018
- 220 Schaefer Street Condominium0.2 mi · 6 units · 2025
- 900 Knickerbocker Condominium0.2 mi · 6 units · 2024
- 15-06 Decatur Street Condominium0.2 mi · 6 units · 2019
- 1255 Decatur Street Condominium0.2 mi · 8 units · 2025
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 301 Covert Street
The fastest way to know any condo or co-op
Get Connected →