323 Lenox Road Condominium
323 Lenox Road, Brooklyn, NY 11226
Overview
323 Lenox Road is a 47-unit condo in Brooklyn.
- Offering plan: Accepted April 2022 · 355 pages · floor plans on page 39
- Finishes: Wood floors, quartz kitchen countertops, washer/dryer hook-ups, Speakman bathroom fittings and split-system units for heating and cooling
- Prices: $929 a square foot on average, as first offered; $29.9 million in all ($30.1 million when first offered)
- Common charges: $363–$629 a month, the sponsor's first-year estimate
- Developer: AIG Developers; principals Leon Landau and Jacob Ganzfried
- Sponsor: Wgl Lenox Group LLC, represented by The Law Office Of Jay Lichtman, PC
- Subway: 5-minute walk to Winthrop St (2, 5); 6 minutes to Church Av (2, 5)
- Amendments: 3, the latest in November 2023
- Units
- 47 residential
- Subway
- 5 min walk to Winthrop St 2 5Church Av 2 5, 6 min
- Developer
- AIG Developers
- Principals
- Leon Landau, Jacob Ganzfried
- Average $/sf
- $929Homes in Schedule A, as first offered
- Common charges
- $363–$629 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $29.9 million total $30.1 million when first offered
- Floor plans
- Page 39 of the plan
- SubmittedAugust 2022
- AcceptedApril 2022
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 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 323 Lenox Road's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 37 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 →The Building
Amendments
Amendment 3 Nov 8, 2023
Sponsor relinquished board control, updated unsold unit list with prices and carrying costs, and extended plan term by 12 months.
- Sponsor relinquished control of Board of Managers on August 30, 2023
- Six residential units and one roof terrace remain unsold with prices from $50,000 to $850,000
- Working capital account of $41,051.52 and reserve account of $36,142.86 established at Chase Bank
- Units separately assessed for NYC Real Property tax as of June 3, 2023
- Six unsold parking licenses at $65,000 each and fifteen unsold storage locker licenses at $10,000 each
- 2024 budget projected at $272,330.00 total income and expenses
- Plan term extended 12 months from amendment date
- No financial statements prepared; prospective buyers advised to inquire with Board
Amendment 2 Apr 4, 2023
Amendment updates occupancy certificates, financial accounts, unsold unit inventory, and extends plan term by six months.
- First unit closing occurred December 1, 2022
- Condominium Declaration recorded November 3, 2022
- Temporary Certificates of Occupancy issued October 5, 2022 and January 10, 2023; Final Certificate issued March 17, 2023
- Working Capital account of $11,849.26 maintained at Chase Bank
- Reserve account of $4,000.00 maintained at Chase Bank
- Sponsor owns 29 residential unsold units and 1 roof terrace unsold unit
- Sponsor owns 12 unsold parking licenses, 2 unsold storage room licenses, and 25 unsold storage locker licenses
- Plan term extended six (6) months from amendment date
Amendment 1 Sep 22, 2022
Amendment updates special risks disclosure regarding FinCEN reporting requirements, revises offering prices for 16 units, amends engineer's report with floor plan changes, and extends the plan term by six months.
- Offering prices for 16 units changed, ranging from $499,000 (Unit 2A) to $845,000 (Unit 2F)
- FinCEN Geographic Targeting Order disclosure added for covered transactions from April 30, 2022 to October 26, 2022
- Engineer's report amended with floor plan revisions to cellar, 1st, 2nd, 7th floors, roof, and elevations
- Door swing directions changed, parapets swapped with railings, mechanical equipment relocated at roof
- Unit 2C terrace square footage specified as 426 sf
- Bedroom/bathroom counts corrected for Units 2F, 2G, 3F, and 3G
- Plan term extended for six months from amendment date
- Anticipated temporary Certificate of Occupancy by December 2022
Team
- Sponsor
- Wgl Lenox Group LLC
- Developer
- AIG DevelopersReported by web.archive.org
- Principals
- Leon Landau, Jacob Ganzfried
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$12.4 million recorded
- General contractors
- Aig Developers, Classic BuildersHeld the general construction permit on DOB job 321596144
- Interior designer
- Studio CReported by mannpublications.com
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 207
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7-1
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 345 Lenox Road Condominiumnext door · 22 units · 8 parking · 2017
- 317 Winthrop Street Condominium0.2 mi · 6 units · 2020
- 258 Winthrop Street Condominium0.2 mi · 8 units · 2021
- 256 Winthrop Street Condominium0.2 mi · 8 units · 2021
- Rogers Residences0.2 mi · 20 units · 2023
- 371 Hawthorne Street Condominium0.3 mi · 8 units · 2026
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