311 Hart Street Condominium
311 Hart Street, Brooklyn, NY 11206
Overview
311 Hart Street is a 10-unit condo in Brooklyn.
- Offering plan: Accepted February 2018 · 232 pages · floor plans on page 86
- Finishes: 8'9" ceilings, hardwood floors, quartz kitchen countertops, wood cabinets, Bosch appliances and washer/dryer hook-ups
- Prices: $1,069 a square foot on average, as first offered; $8.41 million in all ($8.21 million when first offered)
- Common charges: $189–$482 a month, the sponsor's first-year estimate
- Sponsor: 311 Hart LLC, represented by Eial Girtz, PC; principals Shay Medina and Yaaqov Yaron Levi
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 7-minute walk to Myrtle Av (J, M, Z); 10 minutes to Flushing Av (J, M)
- Amendments: 4, the latest in June 2019
- Units
- 10 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 7 min walk to Myrtle Av J M ZFlushing Av J M, 10 min
- Principals
- Shay Medina, Yaaqov Yaron Levi
- Average $/sf
- $1,069Homes in Schedule A, as first offered
- Common charges
- $189–$482 a monthSponsor's first-year estimate in Schedule A, October 1, 2018 To September 30, 2019
- Offering price
- $8.41 million total $8.21 million when first offered
- Floor plans
- Page 86 of the plan
- SubmittedApril 2018
- AcceptedFebruary 2018
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 →The Building
Amendments
Amendment 4 Jun 27, 2019
Amendment extends the plan for 12 months, updates real estate taxes for all units based on NYC Department of Finance reassessment, and reports on unit closings and sponsor obligations.
- Plan extended for 12 months
- Real estate taxes reassessed by NYC Department of Finance for all units
- 6 units closed (1B, 2A, 2B, 3A, 4A, 4C); 3 units unsold (1A, 2C, 3B); 1 unit under contract (1B)
- Working Capital Fund balance $1,337.52; reserve account balance $2,735.29
- Construction financing of $2,750,000.00 paid in full
- Common charges collection commenced July 1, 2019
Amendment 3 Feb 14, 2019
Amendment confirms Certificate of Occupancy obtained, first unit closing completed, and current sponsor financial obligations and bank account status.
- Final Certificate of Occupancy obtained January 23, 2019
- First Unit Closing (Unit #2A) occurred January 30, 2019
- Condominium Declaration recorded December 10, 2018
- Working Capital Fund balance $295.74, reserve account balance $531.48
- Sponsor controls Board of Managers for 5 years or until unsold units less than 25%
- No financial statements available; condominium operations recently began
Amendment 2 Jul 20, 2018
Plan declared effective with 2 units in contract; floor plans updated to reflect as-built conditions; tax estimate and smoking policy added.
- Plan declared effective on August 14, 2018 based on 2 residential units in contract (15% of 10 units offered)
- Units 2A and 2B presently in contract
- Revised floor plans reflect as-built condition; penthouse terrace allocation changed
- Kitchen layouts changed
- Interior stairs in Unit 2C changed from winder to vertical type
- First year estimated real estate tax liability $19,810.00
- Smoking prohibited in interior general common elements; permitted in residential units and outdoor areas
- Tax Cuts and Jobs Act of 2017 may affect purchaser taxes; purchasers advised to consult tax expert
Amendment 1 Apr 5, 2018
Purchase prices of units are revised per new Schedule A.
- Purchase prices amended per revised Schedule A (Exhibit A)
- Schedule A effective for first year of condominium operation October 1, 2018 to September 30, 2019
Team
- Sponsor
- 311 Hart LLC
- Principals
- Shay Medina, Yaaqov Yaron Levi
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- White Oak Projects$2.75 million loan stated in the plan
- General contractors
- Nyb Builders, Afna General ConstrHeld the general construction permit on DOB job 321195443
- Property report
- Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 117
- Title agency
- Downtown Abstract Corp.The sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company of New York, Inc. · Named on p. 64
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
- 120 Marcus Garvey Condominium0.1 mi · 2 units · 2022
- Willart Condominium0.1 mi · 20 units · 2020
- 376 Vernon Avenue Condominium0.2 mi · 13 units · 2025
- 394 Kosciuszko Street Condominium0.2 mi · 8 units · 2021
- 682 Willoughby Avenue Condominium0.2 mi · 7 units · 2019
- The Brick Loft0.2 mi · 7 units · 2025
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