THE CONDO BOOK PROJECT

340 6th Avenue Condominium

340 6th Avenue, Brooklyn, NY 11215

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Overview

340 6th Avenue is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted March 2022 · 298 pages · floor plans on page 30
  • Finishes: Hardwood floors, marble kitchen countertops, laminate and wood cabinets, Thermador appliances, a washer and dryer in each apartment, Hansegrohe bathroom fittings and split-system units for heating and cooling
  • Prices: $1,818 a square foot on average, as first offered; $7.47 million in all ($7.45 million when first offered)
  • Common charges: $327–$476 a month, the sponsor's first-year estimate
  • Sponsor: Habitat On 6th LLC, represented by Jeffrey Zwick & Associates, P.C.; principals Eli Scharf
  • Subway: 8-minute walk to 7 Av (F, G); 10 minutes to 4 Av-9 St (F, G, R)
  • Amendments: 1, the latest in May 2023
  1. SubmittedMay 2023
  2. AcceptedMarch 2022
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2023.

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 340 6th Avenue's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 4 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 →

Amendments

Amendment 1 Jun 9, 2022

Plan declared effective, first unit closed, sponsor relinquished board control, all units sold, and Unit 1 price amended to $2,325,000.

  • Plan declared effective June 9, 2022 with 2 units (50%) under purchase agreements
  • First closing occurred October 7, 2022 for one unit
  • Unit 1 offering price amended to $2,325,000
  • Sponsor relinquished board control December 7, 2022
  • All units sold; no unsold units remain
  • Declaration of Condominium recorded September 13, 2022
  • $3,057.52 deposited to working capital and reserve fund at Chase Bank
What the amendment changed, line by lineSee it free →

Team

Sponsor
Habitat On 6th LLC
Principals
Eli Scharf
Tax estimate
Empire Consulting Services, Inc.Prepared the first-year real estate tax projection
Buyer's lender
CrossCountry MortgageThe sponsor's preferred mortgage lender; you can use another · Named on p. 6

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 340 6th Avenue's common charges high for the area? No, they're on the low side. 340 6th Avenue budgets $0.37 per square foot a month, against a $0.51 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 4 units, every budget line, every saleSee it free