THE CONDO BOOK PROJECT

364 Harman Street Luxury Condominium (The Harmony)

364 Harman Street, Brooklyn, NY 11237

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Overview

The Harmony is a 16-unit condo in Brooklyn, with 8 parking units.

  • Offering plan: Accepted December 2019 · 314 pages · floor plans on page 4
  • Finishes: 9-foot ceilings, hardwood floors, Whirlpool appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
  • Prices: $1,030 a square foot on average, as first offered; $9.86 million in all ($9.9 million when first offered)
  • Common charges: $506–$900 a month, the sponsor's first-year estimate
  • Sponsor: 364 Harman, LLC, represented by Tsyngauz & Associates, P.C.
  • Subway: 4-minute walk to DeKalb Av (L); 4 minutes to Knickerbocker Av (M)
  • Amendments: 2, the latest in May 2021
  1. SubmittedApril 2020
  2. AcceptedDecember 2019
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

15 of 16homes sold (94%)
Every sale: 15 homes, with price and dateSee it free →

From city records (ACRIS), through Jun 30, 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 The Harmony's common charges compare with similar buildings? →

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

Amendments

Amendment 1 Apr 13, 2020

Amendment declares the plan effective upon acceptance of three bona fide purchase agreements, allocates storage spaces to six units, reduces the first-year budget by 24.43%, and discloses new New York State transfer and mansion tax rates.

  • Plan declared effective; three residential units (18.75%) have executed purchase agreements
  • Storage spaces in cellar assigned to Units 3B, 4A, 4B, 4D, 5B, 5C with sizes from 8.00 to 9.00 sq. ft.
  • First-year common charges reduced by 24.43% due to lower utility cost estimates
  • Gas estimate reduced from $10,329.00 to $1,537.00
  • Electricity estimate reduced from $15,923.00 to $11,129.00
  • Water and sewer estimate reduced from $23,654.00 to $8,410.00
  • Working Capital Fund anticipated at $14,987.67 upon sale of all units
  • New York transfer tax and mansion tax rates effective July 1, 2019; residential rate increased to 0.65% for purchases $3,000,000 or more
What the amendment changed, line by lineSee it free →

Team

Sponsor
364 Harman, LLC
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Bank of Hope$3.85 million loan stated in the plan
General contractor
1 Oak ContractingHeld the general construction permit on DOB job 321377755

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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The Condo Book Project Are The Harmony's common charges high for the area? Yes, they're on the high side. The Harmony budgets $1.03 per square foot a month, against a $0.66 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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