388 Washington Avenue Condominium
388 Washington Avenue, Brooklyn, NY 11238
Overview
388 Washington Avenue is a 2-unit condo in Brooklyn.
- Offering plan: Accepted March 2022 · 326 pages · floor plans on page 98
- Finishes: Marble kitchen countertops, custom oak veneer cabinets, Liebherr, Thermador and Bosch appliances and a washer and dryer in each apartment
- Prices: $1,103 a square foot on average, as first offered; $7.67 million in all ($7.55 million when first offered)
- Common charges: $722–$957 a month, the sponsor's first-year estimate
- Sponsor: 388 Amzi Hill LLC, represented by Marcus Attorneys Pllc; principals Nikola Duravcevic
- Subway: 2-minute walk to Clinton-Washington Avs (G); 6 minutes to Clinton-Washington Avs (C)
- Amendments: 2, the latest in February 2025
- Other filings: NA200118 (no-action filing, filed 2020, withdrawn)
- Units
- 2 residential
- Subway
- 2 min walk to Clinton-Washington Avs GClinton-Washington Avs C, 6 min
- Principals
- Nikola Duravcevic
- Average $/sf
- $1,103Homes in Schedule A, as first offered
- Common charges
- $722–$957 a monthSponsor's first-year estimate in Schedule A, From July 1, 2022 To June 30, 2023
- Offering price
- $7.67 million total $7.55 million when first offered
- Floor plans
- Page 98 of the plan
- SubmittedJuly 2023
- AcceptedMarch 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 2 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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Feb 28, 2025
Unit 1 offering price changed to $3,425,000 and plan term extended.
- Unit 1 offering price set to $3,425,000
- Unit 1 common interest 43.00%
- Unit 1 monthly common charges $722.01
- Unit 1 monthly real estate taxes $1,442.04 (2024-2025)
- 2025 condominium budget approved at $20,149.00 annual common charges
- 2024 and 2023 financial statements included
Amendment 1 Jul 17, 2023
Unit 1 price increased to $3,750,000, first closing occurred October 12, 2022, and plan term extended.
- Unit 1 offering price raised to $3,750,000
- First unit closing occurred October 12, 2022
- Declaration recorded September 14, 2022
- Unit real estate tax assessment began January 15, 2023
- Working capital fund balance $2,871.24 as of July 17, 2023
- First unit owners' meeting held November 2022
- Sponsor no longer controls Board of Managers
Team
- Sponsor
- 388 Amzi Hill LLC
- Principals
- Nikola Duravcevic
- Counsel
- Marcus Attorneys Pllc
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
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
- 360 Clinton Avenue0.1 mi · 1983
- Graham Condominium0.1 mi · 25 units · 12 parking · 2001
- 430 Waverly Avenue Condominium0.1 mi · 3 units · 2007
- 308 Clinton Condominium0.2 mi · 4 units · 2004
- 394 Vanderbilt Avenue Condominium0.2 mi · 5 units · 2020
- 65 Gates Avenue Condominium0.2 mi · 4 units · 2024
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