315 6th Street Condominium
315 6th Street, Brooklyn, NY 11215
Overview
315 6th Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted June 2020 · 283 pages · floor plans on page 4
- Finishes: Hardwood floors, quartz kitchen countertops, painted wood cabinets, Bosch appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,672 a square foot on average, as first offered; $6.15 million in all ($5.65 million when first offered)
- Common charges: $381–$584 a month, the sponsor's first-year estimate
- Developer: Hirshmark Capital, LLC; principals Mikhail Gurevich
- Sponsor: 315 6th Street LLC, represented by Tsyngauz & Associates, P.C.
- Subway: 5-minute walk to 4 Av-9 St (F, G, R); 10 minutes to 7 Av (F, G)
- Amendments: 2, the latest in September 2021
- Units
- 3 residential
- Subway
- 5 min walk to 4 Av-9 St F G R7 Av F G, 10 min
- Developer
- Hirshmark Capital, LLC
- Principals
- Mikhail Gurevich
- Average $/sf
- $1,672Homes in Schedule A, as first offered
- Common charges
- $381–$584 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 - December 31, 2021
- Offering price
- $6.15 million total $5.65 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedMay 2021
- AcceptedJune 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jan 31, 2022.
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 for 3 homes.
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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Sep 30, 2021
Amendment declares the offering plan effective, extends first closing deadline due to COVID-19 tolling, and clarifies New York State transfer tax calculation.
- Plan declared effective August 27, 2021 with 2 units (66.67%) accepted
- First closing deadline extended to April 6, 2024 (from September 30, 2022) due to COVID-19 Executive Order tolling
- First year of operation projected as October 1, 2021 to September 30, 2022
- New York State transfer tax is 0.4% for units under $3,000,000 and 0.65% for $3,000,000 or more
- As of July 1, 2021, New York State transfer tax excluded from consideration calculation; NYC transfer tax added to purchase price instead
Amendment 1 May 4, 2021
Amendment revises unit prices, common charges, commencement date to October 1, 2021, and floor plans to show as-built conditions; adds fire alarm maintenance cost and winder stair risk disclosure.
- Prices of all units revised
- First year of condominium operation: October 1, 2021 to September 30, 2022
- Fire alarm maintenance cost added: $2,175.00
- Floor plans revised to show as-built conditions; Unit 3 roof terrace and storage space sizes modified
- Winder stair treads in Units 1 and 3 noted as not code-compliant for interior convenience stairs
- Construction finished; certificate of occupancy expected by end of October 2021
- First closing deadline extended to April 6, 2024 due to COVID-19 Executive Order tolling period
- Working Capital Fund projected at $3,422.83 for first year
- Schedule A prices increased for 3 homes (median +3.3%): 1 $2,150,000 → $2,250,000; 2 $1,500,000 → $1,550,000; 3 $2,300,000 → $2,350,000
Team
- Sponsor
- 315 6th Street LLC
- Developer
- Hirshmark Capital, LLC
- Principals
- Mikhail Gurevich
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- Rudolf Kats$1.7 million loan stated in the plan
- Interior designer
- Sara SoodekReported by cityrealty.com
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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- 292 7th Street Condominiumnext door · 4 units · 2010
- 285 7th Street Condominiumnext door · 3 units · 2021
- 359 7th Street Condominium0.1 mi · 4 units · 2017
- 266 7th Street Condominium0.1 mi · 3 units · 2021
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