377 Degraw Street Condominium
377 Degraw Street, Brooklyn, NY 11231
Overview
377 Degraw Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted April 2020 · 264 pages
- Finishes: Engineered wood floors, Sub-Zero, Wolf and Bosch appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $1,703 a square foot on average, as first offered; $6.35 million in all
- Common charges: $383–$765 a month, the sponsor's first-year estimate
- Sponsor: Degraw St Capital 377, LLC**, represented by Gabor & Marotta LLC; principals Rey Grabato
- Subway: 5-minute walk to Carroll St (F, G); 6 minutes to Bergen St (F, G)
- Amendments: 3, the latest in December 2021
- Units
- 3 residential
- Subway
- 5 min walk to Carroll St F GBergen St F G, 6 min
- Principals
- Rey Grabato
- Average $/sf
- $1,703Homes in Schedule A, as first offered
- Common charges
- $383–$765 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 through August 31, 2021
- Offering price
- $6.35 million total
- SubmittedJune 2020
- AcceptedApril 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2024.
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 377 Degraw 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 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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Nov 23, 2020
Amendment adds a patio to Unit 1 and permits closings with a Temporary Certificate of Occupancy instead of requiring a Permanent Certificate of Occupancy.
- Unit 1 rear yard reduced from 766 sq. ft. to 726 sq. ft. due to addition of 200 sq. ft. tiled patio (10 feet × 20 feet, 24×24 Beton Porcelain Paver Gray)
- Built-in shelves removed from master bedroom of Unit 2 (second floor) and Unit 3 (third floor)
- Closings permitted with Temporary Certificate of Occupancy instead of Final Certificate of Occupancy
- Sponsor must maintain deposits in escrow or provide letter of credit/surety bond until Final Certificate of Occupancy issued
- Sponsor obligated to obtain Final Certificate of Occupancy within two-year period and keep Temporary Certificate current
Team
- Sponsor
- Degraw St Capital 377, LLC**
- Principals
- Rey Grabato
- Counsel
- Gabor & Marotta LLC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Patch of Land Lending$3.83 million loan stated in the plan
- Title agency
- Princeton Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Washington Title Insurance Company · Named on p. 102
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
- 404 Degraw Street Condominiumnext door · 2 units · 2021
- 99 Douglass Street Condominiumnext door · 3 units · 2020
- 101 Douglass Street Condominiumnext door · 3 units · 2022
- 103 Douglass Street Condominiumnext door · 3 units · 2020
- 89 Douglass Street Condominiumnext door · 4 units · 2023
- 85 Douglass Street Condominiumnext door · 4 units · 2023
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