Kings Place Condominium
398 Kings Highway, Brooklyn, NY 11223
Overview
Kings Place is a 51-unit condo in Brooklyn, with 26 parking units and 1 commercial unit.
- Offering plan: Accepted June 2022 · 275 pages · floor plans on page 3
- Finishes: 8-foot ceilings, hardwood floors, laminate kitchen countertops, Frigidaire appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $761 a square foot on average, as first offered; $35.8 million in all
- Common charges: $150–$332 a month, the sponsor's first-year estimate
- Sponsor: Kpz LLC, represented by Boris Saks, Esq. Pllc; principals Aleksandr Zaltsman and Zinoviy Zaltsman
- Neighborhood: Gravesend, Brooklyn
- Subway: 3-minute walk to Kings Hwy (F); 6 minutes to Kings Hwy (N)
- Amendments: 5, the latest in December 2023
- Units
- 51 residential · 26 parking · 1 commercial
- Neighborhood
- Gravesend, Brooklyn
- Subway
- 3 min walk to Kings Hwy FKings Hwy N, 6 min
- Principals
- Aleksandr Zaltsman, Zinoviy Zaltsman
- Average $/sf
- $761Homes in Schedule A, as first offered
- Common charges
- $150–$332 a monthSponsor's first-year estimate in Schedule A, October 1, 2022 through September 30, 2023
- Offering price
- $35.8 million total
- Floor plans
- Page 3 of the plan
- SubmittedAugust 2022
- AcceptedJune 2022
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
51 of 51homes sold (100%)
From city records (ACRIS), through May 31, 2026.
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 43 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 6 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- Kpz LLC
- Principals
- Aleksandr Zaltsman, Zinoviy Zaltsman
- Counsel
- Boris Saks, Esq. Pllc
- Construction lender
- Investors BankLender on the mortgage and building loan agreement recorded December 2019 in ACRIS; $12 million recorded
- General contractors
- Solex Construction Incorp, Solex ConstructionHeld the general construction permit on DOB job 321929776
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-3
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 380 Condominiumnext door · 8 units · 12 parking · 2010
- 355 Kings Highway Condominiumnext door · 28 units · 19 parking · 2005
- Condominium Firenze0.1 mi · 37 units · 22 parking · 2008
- 1721 W. 6th Street Condominium0.2 mi · 15 units · 7 parking · 2021
- 1683 West 7th Street Condominium0.3 mi · 11 units · 2022
- 1549 West 3rd Street Condominium0.4 mi · 10 units · 5 parking · 2011
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