359 7th Street Condominium
359 7th Street, Brooklyn, NY 11215
Overview
359 7th Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted June 2017 · 201 pages · floor plans on page 3
- Finishes: 8'10" ceilings, hardwood floors, quartz kitchen countertops, Bosch appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,163 a square foot on average, as first offered; $5.52 million in all ($5.25 million when first offered)
- Common charges: $196–$295 a month, the sponsor's first-year estimate
- Sponsor: Rggs Properties, LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.; principals Robert Saffayeh, George Saffayeh, Hyun K. Shin, Jack Shin, Brian Shin and Therese McInerney
- Neighborhood: Park Slope, Brooklyn
- Subway: 6-minute walk to 4 Av-9 St (F, G, R); 7 minutes to 7 Av (F, G)
- Amendments: 3, the latest in May 2018
- Units
- 4 residential
- Neighborhood
- Park Slope, Brooklyn
- Subway
- 6 min walk to 4 Av-9 St F G R7 Av F G, 7 min
- Principals
- Robert Saffayeh, George Saffayeh, Hyun K. Shin, Jack Shin, Brian Shin, Therese McInerney
- Average $/sf
- $1,163Homes in Schedule A, as first offered
- Common charges
- $196–$295 a monthSponsor's first-year estimate in Schedule A, September 1, 2017 - August 31, 2018
- Offering price
- $5.52 million total $5.25 million when first offered
- Floor plans
- Page 3 of the plan
- SubmittedSeptember 2017
- AcceptedJune 2017
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 May 24, 2018
All units sold, sponsor retains no unsold units, permanent Certificate of Occupancy obtained, offering plan extended for six months.
- First unit closed April 26, 2018
- All units sold; sponsor retains no unsold units
- Permanent Certificate of Occupancy obtained August 14, 2018
- Working capital fund of $3,994.00 maintained at Chase Bank
- First board meeting held July 17, 2018
- Offering plan extended for additional six months
Amendment 2 Sep 14, 2017
Engineer's description updated with specifications for building materials, mechanical systems, and appliances.
- Front facade changed to brick with stucco border
- Balcony railings to be painted steel
- 15 year manufacturer warranty added for roof
- Sump pump and sewer ejector pump added for cellar drainage (Liberty Pumps models specified)
- One roof condenser relocated from bulkhead to roof
- Hot water heaters specified as Navien model NPE 240S with 0.99 Energy Factor
- Common area lighting fixtures specified (Nora, Satco Nuvo, Barn Light models)
- Kitchen appliances specified (Bosch 800 Series range/dishwasher/microwave, Liebherr refrigerator, Toto or Kohler toilets)
Amendment 1 Sep 20, 2017
Unit prices for four units are increased.
- Unit 1 price increased from $1,650,000.00 to $1,725,000.00
- Unit 2 price increased from $1,150,000.00 to $1,225,000.00
- Unit 3 price increased from $1,150,000.00 to $1,275,000.00
- Unit 4 price decreased from $1,300,000.00 to $1,295,000.00
Team
- Sponsor
- Rggs Properties, LLC
- Principals
- Robert Saffayeh, George Saffayeh, Hyun K. Shin, Jack Shin, Brian Shin, Therese McInerney
- Tax estimate
- The Mazursky Group, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Ponce BankLender on the mortgage and building loan agreement recorded September 2016 in ACRIS; $4.8 million recorded
- General contractor
- Gino Iron WorksHeld the general construction permit on DOB job 320577354
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
- 382 7th Street Condominiumnext door · 4 units · 2025
- 315 6th Street Condominium0.1 mi · 3 units · 2020
- 292 7th Street Condominium0.1 mi · 4 units · 2010
- 352 6th Avenue Condominium0.1 mi · 4 units · 2020
- 350 6th Avenue Condominium0.1 mi · 4 units · 2025
- The Slope On Fifth (F.K.A The 445 Fifth Avenue Condominium)0.1 mi · 30 units · 24 parking · 2024
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