340 Metropolitan Avenue Condominium
340 Metropolitan Avenue, Brooklyn, NY 11211
Overview
340 Metropolitan Avenue is a 10-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted January 2022 · 348 pages · floor plans on page 55
- Finishes: Hardwood floors, quartz kitchen countertops, Lineadecor cabinets, Liebherr and Bosch appliances, a washer and dryer in each apartment, Kohler bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $1,658 a square foot on average, as first offered; $18.3 million in all
- Common charges: $380–$651 a month, the sponsor's first-year estimate
- Developer: Mortar Architecture + Development; principals Anthony Morena and Shawn Robinson
- Sponsor: 340 Metropolitan LLC, represented by Marans Newman Tsolis & Nazinitsky LLC
- Subway: 6-minute walk to Metropolitan Av/Lorimer St (G, L); 6 minutes to Bedford Av (L)
- Amendments: 4, the latest in August 2023
- Units
- 10 residential · 1 commercial
- Subway
- 6 min walk to Metropolitan Av/Lorimer St G LBedford Av L, 6 min
- Developer
- Mortar Architecture + Development
- Principals
- Anthony Morena, Shawn Robinson
- Average $/sf
- $1,658Homes in Schedule A, as first offered
- Common charges
- $380–$651 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $18.3 million total
- Floor plans
- Page 55 of the plan
- SubmittedApril 2022
- AcceptedJanuary 2022
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 30, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 10 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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Aug 9, 2023
Amendment documents post-closing status including temporary certificate of occupancy, fund balances, and board transition, and extends the offering plan term by six months.
- First unit closing occurred September 9, 2022
- Temporary Certificate of Occupancy issued August 31, 2022, renewed and set to expire October 19, 2023
- $2,500.00 posted as security for permanent Certificate of Occupancy
- Declaration recorded June 16, 2022
- Separate real estate tax assessments made as of January 15, 2023
- Working Capital Fund balance $4,500.09, Reserve Fund balance $14,143.58
- All units sold as of amendment submission date
- Sponsor relinquished board control February 21, 2023
Amendment 3 May 2, 2022
Plan declared effective after sponsor accepted purchase agreements for three units constituting approximately thirty percent of units offered.
- Plan declared effective
- Three units (3B, 5A, 6B) purchased by bona fide purchasers
- Approximately thirty percent (30%) of units offered have been purchased
Amendment 2 Apr 13, 2022
Prices of 7 units changed.
- Unit 1A price: $1,450,000
- Unit 2A price: $2,495,000
- Unit 3A price: $1,549,000
- Unit 4A price: $1,595,000
- Unit 4B price: $1,549,000
- Unit 5B price: $1,595,000
- Unit 6A price: $2,295,000
- Schedule A prices increased for 7 homes (median +6.2%): 1A $1,267,000 → $1,450,000; 2A $2,350,000 → $2,495,000; 3A $1,450,000 → $1,549,000; 4A $1,499,000 → $1,595,000; ...
- Schedule A prices decreased for 2 homes (median -2.4%): 5A $1,575,000 → $1,525,000; 6B $2,250,000 → $2,195,000
Amendment 1 Apr 4, 2022
Prices updated for 7 units.
- Unit 1A price changed to $1,350,000
- Unit 2A price changed to $2,395,000
- Unit 4B price changed to $1,475,000
- Unit 5A price changed to $1,525,000
- Unit 5B price changed to $1,499,000
- Unit 6A price changed to $2,195,000
- Unit 6B price changed to $2,195,000
Team
- Sponsor
- 340 Metropolitan LLC
- Developer
- Mortar Architecture + DevelopmentReported by web.archive.org
- Principals
- Anthony Morena, Shawn Robinson
- Tax estimate
- MGNY ConsultingPrepared the first-year real estate tax projection
- Construction lender
- DR Bank$7.15 million recorded
- General contractors
- Steel Tone Construction, Superb Construction MGTHeld the general construction permit on DOB job 320911947
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- M1-2/R6A
- Special district
- Special Mixed Use District (MX-8) (MX-8)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Core 10 Condominiumnext door · 2 units · 2018
- 280 Metropolitan Avenue Condominiumnext door · 28 units · 14 parking · 2015
- 243 North 5th Street Condominiumnext door · 7 units · 2021
- Metropolitan Condominiumnext door · 10 units · 2003
- 66 Hope Street Condominium0.1 mi · 6 units · 2024
- 254 North 6th Street Condominium0.1 mi · 3 units · 2010
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