THE CONDO BOOK PROJECT

341 Fenimore Street Condominium

341 Fenimore Street, Brooklyn, NY 11225

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Overview

341 Fenimore Street is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted February 2022 · 278 pages · floor plans on pages 182–185
  • Finishes: Engineered wood floors, quartz kitchen countertops, shaker style cabinets, Liebherr, Bosch and BOCH appliances, washer/dryer hook-ups and Danze bathroom fittings
  • Prices: $6.98 million in all ($5.58 million when first offered)
  • Sponsor: Fenimore Realty Group LLC, represented by Smith, Buss & Jacobs, LLP
  • Neighborhood: Prospect Lefferts Gardens, Brooklyn
  • Subway: 4-minute walk to Winthrop St (2, 5); 7 minutes to Sterling St (2, 5)
  • Amendments: 6, the latest in June 2023
  1. SubmittedMarch 2022
  2. AcceptedFebruary 2022
  3. 6 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 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 341 Fenimore 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 7 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 6 Jun 1, 2023

Unit 4B price increased to $969,000.

Amendment 5 2023

Building construction completed, real estate taxes updated for 2023/24 tax year with new assessed values, and plan validity extended.

  • Building construction completed, awaiting Temporary Certificate of Occupancy
  • Real estate taxes updated based on 2023/24 tax year assessments effective July 1, 2023
  • Property post-construction assessed value set at $693,000
  • Tax rate applied: 12.267% per $100 of assessed valuation
  • Updated Schedule A with revised projected real estate taxes for each unit
  • Plan validity extended for six months from amendment acceptance date

Amendment 4 Aug 23, 2022

Plan declared effective with six unit purchase agreements; construction completed; real estate taxes lowered; smoking policy and mechanical room access updated; sponsor principal identified.

  • Plan declared effective as of July 27, 2022 with six bona fide purchase agreements (85.7% of units)
  • Construction of building completed, awaiting Temporary Certificate of Occupancy
  • Real estate taxes for 2022/23 tax year reduced to $19,575.27 (from estimated $35,328)
  • Unit 4A mechanical room on roof designated as limited common element with hot water heater access
  • Smoking policy and House Rule #29 updated with enforcement language
  • Joshua Dardashtian added as principal of Sponsor
  • Plan extended for six months following acceptance of this amendment

Amendment 3 Jul 6, 2022

Price increase for one unsold unit.

Amendment 2 Mar 9, 2022

Sponsor increased the purchase price for Unit 4A.

Amendment 1 Mar 4, 2022

Prices increased for two units.

  • Unit 3A price raised to $980,000
  • Unit 4A price raised to $985,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
Fenimore Realty Group LLC
Tax estimate
Highpoint Incentives, Inc.Prepared the first-year real estate tax projection
General contractors
Dawny Construction, Dvir Mog 18, Abm Construction 1, Cornerstone Construction, Michael HarrisHeld the general construction permit on DOB job 321132074
MEP engineer
Guth Deconzo Consulting Engineers, P.C.Mechanical, electrical and plumbing · Named on p. 101
Buyer's lender
Bank of AmericaThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 5

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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