THE CONDO BOOK PROJECT

365-367 Union Avenue Condominium

365-367 Union Avenue, Brooklyn, NY 11211

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Overview

365-367 Union Avenue is a 14-unit condo in Brooklyn, with 4 parking units.

  • Offering plan: Accepted December 2007 · 226 pages
  • Finishes: Hardwood floors, granite kitchen countertops, Liebherr and Bosch appliances and central forced air for heating and cooling
  • Prices: $711 a square foot on average, as first offered; $7.54 million in all
  • Common charges: $262–$370 a month, the sponsor's first-year estimate
  • Sponsor: 363 Union, LLC, represented by Turek Roth Mester LLP; principals Tomer Erlich
  • Neighborhood: Williamsburg, Brooklyn
  • Subway: 1-minute walk to Metropolitan Av/Lorimer St (G, L); 7 minutes to Hewes St (J, M)
  • Amendments: 1, the latest in December 2009
  1. SubmittedDecember 2009
  2. AcceptedDecember 2007
  3. 1 amendment

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

Amendments

Amendment 1 Dec 14, 2009

First year of operation moved to April 2010–March 2011; budget revised for water/sewer rate increase and new Capital Reserve Fund; common charges and real estate taxes increased; sponsor representation and management changed.

  • First year of condominium operation: April 1, 2010 through March 31, 2011
  • Water/sewer charges increased for New York City tax rate increase
  • Capital Reserve Fund added to budget ($8,500)
  • Common charges increased as result of budget changes
  • Real estate taxes increased due to New York City Real Property tax rate increase
  • Sponsor's legal representative at closings: Jay L. Yakow Esq., Westbury, New York
  • Sponsor principal changed from Tomer Erlich to Grant Havasy, Carmel, New York
  • Offering Plan extended for additional six (6) months
What the amendment changed, line by lineSee it free →

Team

Sponsor
363 Union, LLC
Principals
Tomer Erlich
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection
General contractors
Sevenberry Construction, Shifra Const, Pioneer ConstructionHeld the general construction permit on DOB job 302175349
Title agency
Ridge Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 42

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

Zoning

Zoning district
M1-2/R6A
Special district
Special Mixed Use District (MX-8) (MX-8)

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

Nearby

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The Condo Book Project Are 365-367 Union Avenue's common charges high for the area? Yes, they're on the high side. 365-367 Union Avenue budgets $0.40 per square foot a month, against a $0.37 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?