THE CONDO BOOK PROJECT

306 Gold Street Condominium (Oro)

306 Gold Street, Brooklyn, NY 11201

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Overview

Oro is a 303-unit condo in Brooklyn, with 3 commercial units.

  • Offering plan: Accepted October 2006
  • Prices: $203.5 million in all
  • Sponsor: 147 Flatbush Avenue Property Owner, LLC, represented by Seiden & Schein, P.C.
  • Neighborhood: Downtown Brooklyn, Brooklyn
  • Subway: 6-minute walk to DeKalb Av (B, Q, R); 7 minutes to Jay St-MetroTech (A, C, F, R)
  • Amendments: 44, the latest in January 2013
  1. SubmittedFebruary 2007
  2. AcceptedOctober 2006
  3. 44 amendments

Amendments

Amendment 29 Mar 2, 2011

This amendment removes buyers' obligation to pay New York State and New York City transfer taxes at closing, extends the time the plan may be used, and adds financial statements, budgets, unsold-unit and board information.

  • Buyer no longer pays NYS and NYC transfer taxes as a unit closing cost; the Seller pays them
  • Plan may be used for 12 months from the date the amendment is accepted for filing, extendable by a further amendment
  • Ramat Equities Inc. owns 14 unsold residential units (about 8.44578% of residential units), listed in Schedule A
  • 2019 and 2020 financial statements added (Schedule B); buyers are told to ask the Managing Agent about 2021 statements
  • Budgets for calendar years 2021 and 2022 added (Schedules C and C1)
  • Board of Managers increased from three to nine members, with a current roster listed; one member is a Ramat designee
  • Sponsor no longer owns 50% or more of the common interest, and Ramat has no voting control of the board
What the amendment changed, line by lineSee it free →

Team

Sponsor
147 Flatbush Avenue Property Owner, LLC
Construction lender
CwcapitalLender on the mortgage and building loan agreement recorded April 2006 in ACRIS; $272.9 million recorded
General contractor
Plaza ConstructionHeld the general construction permit on DOB job 301968440

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

Zoning

Zoning district
C6-4
Special district
Special Downtown Brooklyn District (DB)

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

Nearby

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