THE CONDO BOOK PROJECT

361 Macon Street Condominium

361 Macon Street, Brooklyn, NY 11233

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Overview

361 Macon Street is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted August 2021 · 343 pages · floor plans on page 23
  • Finishes: 8'6" ceilings, wood floors, stone kitchen countertops, wood cabinets, Blomberg appliances and washer/dryer hook-ups
  • Prices: $4.28 million in all ($3.77 million when first offered)
  • Common charges: $382–$568 a month, the sponsor's first-year estimate
  • Sponsor: 361 Macon Street LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Yuval Bitton
  • Subway: 7-minute walk to Kingston-Throop Avs (C); 9 minutes to Utica Av (A, C)
  • Amendments: 1, the latest in February 2022
  1. SubmittedFebruary 2022
  2. AcceptedAugust 2021
  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 Jun 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 361 Macon 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 4 homes.

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

Closing Costs

The plan lists what a buyer pays at closing.

All 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Feb 23, 2022

Amendment updates special risks disclosure for FinCEN reporting requirements, raises unit prices, revises engineer's report and floor plans per DOB approval, and extends the plan term by six months.

  • Unit prices raised: Unit 1 to $1,275,000, Unit 2 to $999,000, Unit 3 to $1,025,000, Unit 4 to $979,000
  • FinCEN Geographic Targeting Order disclosure added for cash purchases $300,000+ through April 29, 2022
  • Construction substantially completed as of January 2022
  • Temporary Certificate of Occupancy anticipated April 2022, Final Certificate of Occupancy 2 months after
  • Percent common interests revised with new 339-i Letters attached
  • Revised Schedule A incorporated with new offering prices and common interest allocations
  • Plan term extended six (6) months from amendment date
  • Schedule A prices increased for 4 homes (median +15.3%): 1 $1,175,000 → $1,275,000; 2 $849,000 → $999,000; 3 $899,000 → $1,025,000; 4 $849,000 → $979,000
What the amendment changed, line by lineSee it free →

Team

Sponsor
361 Macon Street LLC
Principals
Yuval Bitton
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Golden Bridge
General contractors
Coci Construction, W.jake Construction, M Remodeling, Nyb BuildersHeld the general construction permit on DOB job 320515527
Buyer's lender
loanDepotThe sponsor's preferred mortgage lender; you can use another · Named on p. 202

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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