Nostrand Avenue Condominium
335-341 Nostrand Avenue, Brooklyn, NY 11216
Overview
Nostrand Avenue is a 20-unit condo in Brooklyn, with 4 commercial units.
- Offering plan: Accepted May 2019 · 562 pages · floor plans on page 84
- Finishes: Wood floors, Frigidaire and Frigidair appliances, washer/dryer hook-ups, Danze bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $998 a square foot on average, as first offered; $14.9 million in all
- Sponsor: Nostrand Homes LLC & Nostrand Ave Holdings LLC, represented by Mavrides Moyal Packman Sadkin; principals Guy Iber and Erez Mordechai
- Subway: 5-minute walk to Bedford-Nostrand Avs (G); 9 minutes to Nostrand Av (A, C)
- Amendments: 2, the latest in December 2019
- Units
- 20 residential · 4 commercial
- Subway
- 5 min walk to Bedford-Nostrand Avs GNostrand Av A C, 9 min
- Principals
- Guy Iber, Erez Mordechai
- Average $/sf
- $998Homes in Schedule A, as first offered
- Offering price
- $14.9 million total
- Floor plans
- Page 84 of the plan
- SubmittedJune 2019
- AcceptedMay 2019
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jan 8, 2020
Amendment extends the offering plan's effective period, adds mortgagee consent and notice provisions to the condominium declaration, and reissues budget certifications.
- First Closing must occur by May 31, 2020 or purchasers entitled to rescission
- Mortgagee consent required (51%) for amendments materially affecting permitted mortgagees
- Condominium Board must provide notice to permitted mortgagees of condemnation, casualty loss, insurance changes, and actions requiring mortgagee consent
- Permitted mortgagees have 60 days to respond to consent requests; silence deemed approval
- Plan effective period extended six (6) months from amendment acceptance date
- Amended budget certifications issued; no changes to budget amounts
Amendment 1 Jun 19, 2019
Plan declared effective upon receipt of three purchase agreements representing 15% of the 20 units offered for sale.
- Plan declared effective as of June 19, 2019
- Three units (201D, 301D, 402D) sold to bona fide purchasers representing 15% of units
- Effective period extended for six (6) months from Department of Law acceptance date
Team
- Sponsor
- Nostrand Homes LLC & Nostrand Ave Holdings LLC
- Principals
- Guy Iber, Erez Mordechai
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Maxim Credit GroupLender on the mortgage and building loan agreement recorded August 2018 in ACRIS; $10.9 million recorded
- Title agency
- GlobalServe Title Agency Corp.The sponsor's title company for buyers; you can choose another · Named on p. 51
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 399 Gates Avenue Condominiumnext door · 16 units · 8 parking · 2017
- 368 Gates Avenue Condominiumnext door · 4 units · 2016
- 228 Quincy Street Condominiumnext door · 6 units · 2020
- 318 Quincy Street Condominium0.1 mi · 4 units · 2019
- 197 Quincy Street Condominium0.1 mi · 10 units · 2021
- 521 Greene Avenue Condominium0.1 mi · 2 units · 2017
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