THE CONDO BOOK PROJECT

316 22nd Street Condominium

316 22nd Street, Brooklyn, NY 11215

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Overview

316 22nd Street is a 9-unit condo in Brooklyn.

  • Offering plan: Accepted December 2022 · 382 pages · floor plans on page 32
  • Finishes: 9-foot ceilings, vinyl plank floors, quartz kitchen countertops, Frigidaire appliances, washer/dryer hook-ups, Kohler bathroom fittings and ducted heat pumps for heating and cooling
  • Prices: $1,646 a square foot on average, as first offered; $15.4 million in all ($13.7 million when first offered)
  • Common charges: $240–$798 a month, the sponsor's first-year estimate
  • Sponsor: 316 22nd LLC, represented by Rosen Law LLC; principals Eleonora Hroncich
  • Subway: 10-minute walk to 25 St (R); 12 minutes to Prospect Av (R)
  • Amendments: 5, the latest in October 2024
  1. SubmittedJanuary 2023
  2. AcceptedDecember 2022
  3. 5 amendments
  4. First sale
  5. Latest sale

Sales

9 of 9homes sold (100%)
Every sale: 9 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 316 22nd Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 9 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 5 2024

Fifth amendment updates real estate taxes for July 1, 2024 through June 30, 2025, extends the offering plan term by 12 months, and confirms three unsold units with updated sponsor financial disclosures.

  • Real estate taxes updated for period July 1, 2024 through June 30, 2025
  • Three unsold units: 1A, 1C, and 2B
  • Offering plan term extended 12 months
  • Working capital fund is $800.00
  • Unsold units subject to mortgage of $1,871,500.00 principal balance as of August 31, 2024 at 11.25% per annum
  • First unit owner meeting held October 1, 2024 with elected board of managers
  • Sponsor owns more than 10% of units with $1,277.36 monthly common charges and $2,405.12 monthly real estate taxes

Amendment 4 Mar 8, 2024

Fourth amendment reports post-closing status, unit ownership details, and revised Schedule A and Schedule B.

  • First closing occurred October 31, 2023 for Unit 2C
  • Six unsold residential units remain: 1A, 1B, 1C, 2A, 2B, 4A
  • Final Certificate of Occupancy issued August 4, 2023
  • Declaration of Condominium filed October 4, 2023 as CRFN # 2023000255006
  • Working capital fund is $902.00 as of February 15, 2024
  • Schedule A revised for period March through February
  • Schedule B revised for period March through February
  • Offering plan extended for six months

Amendment 3 Aug 2, 2023

Third Amendment declares the condominium plan effective based on two units sold, extends the offering plan for six months, and confirms no material changes to terms.

  • Plan declared effective on basis of 2 units (22% of residential units) with bona fide purchaser agreements
  • Offering plan extended for six (6) months
  • Notice to purchasers served July 14, 2023
  • Unit 2A purchased for $949,200 (agreement July 11, 2023)
  • Unit 2C purchased for $1,538,000 (agreement May 8, 2023)

Amendment 2 Feb 2, 2023

Real estate tax estimates for Unit 2A are corrected for the first year of condominium operations and the 2023/2024 tax year.

  • Unit 2A monthly real estate taxes revised to $339.52 for 3/1/2023–2/29/2024 (was incorrect on pages 23 and 84)
  • Unit 2A annual real estate taxes revised to $4,074.18 for 3/1/2023–2/29/2024
  • Unit 2A monthly real estate taxes revised to $415.75 for 7/1/2023–6/30/2024
  • Unit 2A annual real estate taxes revised to $4,989.00 for 7/1/2023–6/30/2024

Amendment 1 Jan 26, 2023

Prices increased for 2 of 9 units.

  • Unit 3A price raised to $2,050,000
  • Unit 3B price raised to $2,050,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
316 22nd LLC
Principals
Eleonora Hroncich
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection
Construction lender
Investors Bank$3 million recorded
Title agency
Regal Title Agency, Inc.The sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 89

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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The Condo Book Project Are 316 22nd Street's common charges high for the area? No, they're on the low side. 316 22nd Street budgets $0.48 per square foot a month, against a $0.57 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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