371 Douglass Street Condominium
371 Douglass Street, Brooklyn, NY 11217
Overview
371 Douglass Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted October 2022 · 401 pages · floor plans on pages 269–275
- Prices: $1,530 a square foot on average, as first offered; $7.8 million in all ($7.2 million when first offered)
- Common charges: $425–$604 a month, the sponsor's first-year estimate
- Sponsor: 371 Douglass St, LLC, represented by Certilman Balin Adler & Hyman, LLP; principals Aran Scott and Paula Stolowicz Ras
- Neighborhood: Park Slope, Brooklyn
- Subway: 5-minute walk to Union St (R); 8 minutes to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R)
- Amendments: 3, the latest in October 2024
- Units
- 3 residential
- Neighborhood
- Park Slope, Brooklyn
- Subway
- 5 min walk to Union St RAtlantic Av-Barclays Ctr 2 3 4 5 B D N Q R, 8 min
- Principals
- Aran Scott, Paula Stolowicz Ras
- Average $/sf
- $1,530Homes in Schedule A, as first offered
- Common charges
- $425–$604 a monthSponsor's first-year estimate in Schedule A, April 1, 2023 through March 31, 2024
- Offering price
- $7.8 million total $7.2 million when first offered
- Floor plans
- Pages 269–275 of the plan
- SubmittedJune 2024
- AcceptedOctober 2022
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Apr 30, 2025.
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 for 3 homes.
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 →The Building
Amendments
Amendment 3 2024
Amendment corrects scrivener's errors in Schedule A, reports first unit closing on September 30, 2024, and temporary Certificate of Occupancy issued September 19, 2024.
- Schedule A corrected for square footage, percentage of common interest, and annual common charges to conform with Architect's Addendum
- First Residential Unit (Unit No. 1) closed on September 30, 2024
- Temporary Certificate of Occupancy issued September 19, 2024 (CO No. 3019180-0000001)
- Working Capital account balance as of October 1, 2024: $1,208.66
- Common Charges collection anticipated to commence on or about January 1, 2025
- Building has 3 residential units; 1 closed, 1 under purchase agreement, 1 unclosed
Team
- Sponsor
- 371 Douglass St, LLC
- Principals
- Aran Scott, Paula Stolowicz Ras
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Title agency
- Millennium Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 78
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
- 350 Butler Condominiumnext door · 34 units · 2022
- 665 Degraw Street Condominiumnext door · 3 units · 2025
- 137 4th Avenue Condominiumnext door · 7 units · 2021
- 640 Baltic Street Condominiumnext door · 2 units · 2020
- 668 Baltic Street Condominiumnext door · 3 units · 2024
- 708 Degraw Street Condominiumnext door · 3 units · 2022
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