THE CONDO BOOK PROJECT

394 Harman Street Condominium

394 Harman Street, Brooklyn, NY 11237

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Overview

394 Harman Street is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted November 2020 · 319 pages · floor plans on pages 150–153
  • Finishes: Laminate kitchen countertops, wooden cabinets, Liebherr and Miele appliances, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $1,522 a square foot on average, as first offered; $4.84 million in all ($4.69 million when first offered)
  • Common charges: $288–$569 a month, the sponsor's first-year estimate
  • Sponsor: 394 Harman LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Steven Goldschmied
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 3-minute walk to DeKalb Av (L); 5 minutes to Knickerbocker Av (M)
  • Amendments: 2, the latest in July 2021
  1. SubmittedNovember 2020
  2. AcceptedNovember 2020
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

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)

Ask Claude or ChatGPT: How do 394 Harman 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 7 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Jul 13, 2021

Plan declared effective with 2 units sold, first closing deadline extended to June 8, 2023 due to COVID-19 tolling, and purchasers must pay transfer taxes.

  • Plan declared effective as of July 8, 2021 with 2 units sold (Units 2B and 4F, 28.5% of units)
  • First closing deadline extended from December 31, 2021 to June 8, 2023 due to Executive Order tolling period
  • Purchasers may rescind if first closing does not occur by June 8, 2023
  • Purchaser responsible for Real Property Transfer Taxes to City & State of New York
What the amendment changed, line by lineSee it free →

Team

Sponsor
394 Harman LLC
Principals
Steven Goldschmied
Tax estimate
Metropolitan Realty, IncPrepared the first-year real estate tax projection
Construction lender
Victory State Bank$2 million loan stated in the plan
General contractor
Platinum TNTHeld the general construction permit on DOB job 321635094

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

Zoning

Zoning district
R6

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

Nearby

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The Condo Book Project Are 394 Harman Street's common charges high for the area? Yes, they're on the high side. 394 Harman Street budgets $0.91 per square foot a month, against a $0.55 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?