THE CONDO BOOK PROJECT

39 South Portland Avenue Condominium

39 South Portland Avenue, Brooklyn, NY 11217

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Overview

39 South Portland Avenue is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted March 2025 · 306 pages · floor plans on pages 231–235
  • Prices: $2,186 a square foot on average, as first offered; $10.6 million in all
  • Common charges: $376–$966 a month, the sponsor's first-year estimate
  • Sponsor: 39 Ventures LLC, represented by Marans Newman Tsolis & Nazinitsky LLC; principals Vadem Brodsky
  • Subway: 2-minute walk to Fulton St (G); 3 minutes to Lafayette Av (C)
  1. SubmittedAugust 2024
  2. AcceptedMarch 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.

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 →

Team

Sponsor
39 Ventures LLC
Principals
Vadem Brodsky
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$6 million recorded

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Zoning

Zoning district
R6B

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

Nearby

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The Condo Book Project Are 39 South Portland Avenue's common charges high for the area? No, they're on the low side. 39 South Portland Avenue budgets $0.44 per square foot a month, against a $0.65 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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