THE CONDO BOOK PROJECT

318 Cornelia Street Condominium

318 Cornelia Street, Brooklyn, NY 11237

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Overview

318 Cornelia Street is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted December 2023 · 328 pages · floor plans on pages 31–32
  • Prices: $1,242 a square foot on average, as first offered; $2.7 million in all
  • Common charges: $499–$540 a month, the sponsor's first-year estimate
  • Sponsor: One Cornelia LLC, represented by Jeffrey Zwick & Associates, P.C.; principals Farhad Bokhour and Mitchel Bokhour
  • Subway: 8-minute walk to Halsey St (L); 9 minutes to Myrtle-Wyckoff Avs (L, M)
  • Amendments: 1, the latest in June 2024
  1. SubmittedJune 2024
  2. AcceptedDecember 2023
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

2 of 2homes sold (100%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2024.

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 318 Cornelia 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 2 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 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
One Cornelia LLC
Principals
Farhad Bokhour, Mitchel Bokhour
Tax estimate
Empire Consulting Services, Inc.Prepared the first-year real estate tax projection

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

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The Condo Book Project Are 318 Cornelia Street's common charges high for the area? No, they're on the low side. 318 Cornelia Street budgets $0.48 per square foot a month, against a $0.50 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 2 units, every budget line, every saleSee it free