THE CONDO BOOK PROJECT

345 Bergen Street Condominium

345 Bergen Street, Brooklyn, NY 11217

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Overview

345 Bergen Street is a new 6-unit condo in Brooklyn.

  • Offering plan: Accepted June 2024 · 303 pages · floor plans on page 4
  • Finishes: 9-foot ceilings, hardwood floors, marble kitchen countertops, painted wood cabinets, Bertazzoni appliances, a washer and dryer in each apartment, Kohler bathroom fittings and ducted heat pumps for heating and cooling
  • Prices: $1,575 a square foot on average, as first offered; $14.5 million in all
  • Common charges: $591–$769 a month, the sponsor's first-year estimate
  • Developers: Minerva Capital Holdings LLC and Minerva Home Restoration Corp.; principals Omri Bar-Mashiah
  • Sponsor: 345 Bergen Condo LLC, represented by Tsyngauz & Associates, P.C.
  • Subway: 3-minute walk to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R); 6 minutes to Bergen St (2, 3)
  • Amendments: 2, the latest in April 2025
  1. SubmittedFebruary 2025
  2. AcceptedJune 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Jun 30, 2025.

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 345 Bergen 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 6 homes.

Each home's estimate, city bills and tax breaksSee it free →

Compare

FigureThis building1265 20th28 units · 1.6 miaccepted 2024James - Boutique Condominium Building38 units · 0.8 miaccepted 2024
Common ChargesPer Square Foot / Month$0.43In line$0.39$0.49
Average Offering PricePer Apartment$2.42MHighest$1.88M$1.58M
Average PricePer Square Foot$1,575In line$1,550$1,612
Average Unit SizeSquare Feet1,535 SFLargest1,215 SF983 SF
Unit mix, amenities, finishes, utilities and operating costs against 265 20th and James - Boutique Condominium BuildingUnlock the rest with a free account
How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Feb 25, 2025

Plan declared effective upon sponsor acceptance of purchase agreements for two units representing 33.33% of residential units.

  • Plan declared effective
  • Two units (Units 5 and 6) counted toward effectiveness threshold
  • Unit 5 purchase agreement accepted February 7, 2025
  • Unit 6 purchase agreement accepted February 6, 2025
What the amendment changed, line by lineSee it free →

Team

Sponsor
345 Bergen Condo LLC
Developers
Minerva Capital Holdings LLC, Minerva Home Restoration Corp.
Principals
Omri Bar-Mashiah
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bayport Funding$5 million loan stated in the plan
General contractors
NYC Building Solutions, Stellar IndustriesHeld the general construction permit on DOB NOW job B00738222

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
C4-4D
Special district
Special Gowanus Mixed-Use District (G)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 345 Bergen Street's common charges high for the area? Yes, they're on the high side. 345 Bergen Street budgets $0.43 per square foot a month, against a $0.38 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 6 units, every budget line, every saleSee it free