THE CONDO BOOK PROJECT

40 Middleton Street Condominium

40 Middleton Street, Brooklyn, NY 11206

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Overview

40 Middleton Street is a 12-unit condo in Brooklyn.

  • Offering plan: Accepted October 2003 · 253 pages · floor plans on page 15
  • Finishes: Amana appliances, washer/dryer hook-ups, Gerber bathroom fittings and split-system units for heating and cooling
  • Prices: $5.5 million in all
  • Sponsor: Lee Middleton Lorimer Holdings, LLC, represented by N.C. Caller, P.C.; principals Moishe Gold
  • Neighborhood: Williamsburg, Brooklyn
  • Subway: 6-minute walk to Flushing Av (G); 8 minutes to Broadway (G)
  • Amendments: 4, the latest in October 2006
  1. SubmittedMarch 2005
  2. AcceptedOctober 2003
  3. 4 amendments
  4. First sale
  5. Latest sale

Sales

12 of 12homes sold (100%)
Every sale: 12 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2026.

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 40 Middleton Street's common charges compare with similar buildings? →

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 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 4 Oct 5, 2006

Fourth Amendment updates post-closing information, financial disclosures, and budget for the condominium.

  • First unit closed April 15, 2005; Permanent Certificate of Occupancy issued May 25, 2006
  • Updated budget for fiscal year October 1, 2006: total annual expenses $31,870
  • Sponsor retains 1 unsold unit priced at $600,000.00
  • Building managed by All Care Management; working capital in HSBC Bank account
  • Sponsor's monthly real estate taxes approximately $130.00; monthly common charges $293.44
  • Purchasers granted 30-day right of rescission with 10-day refund period

Amendment 3 Dec 29, 2005

Condominium Declaration recorded and Temporary Certificate of Occupancy issued.

  • Declaration of Condominium recorded under CRFN#: 2005000067989
  • Temporary Certificate of Occupancy issued (number 301233396T001)
  • Temporary Certificate of Occupancy expires February 28, 2006

Amendment 2 Apr 11, 2005

Plan declared effective as of March 28, 2005 with two executed purchase agreements; Unit 1A restricted from construction in allocated side yard area.

  • Plan declared effective March 28, 2005
  • Two units with executed Purchase Agreements (Units 4B and 6A)
  • Unit 1A owner restricted from construction in allocated side yard

Amendment 1 Mar 17, 2005

Amendment appoints All Care Management, LLC as managing agent at $3,600 annually, adds reserve fund collection to budget, and revises Schedule B for fiscal year beginning July 1, 2005.

  • All Care Management, LLC appointed managing agent for $3,600 per year
  • Reserve fund collection added to budget
  • Budget increased 16% over prior budget due to management fees and reserve fund
  • Revised Schedule B reflects budget year July 1, 2005
  • Purchasers with prior agreements granted 15-day rescission right
  • Common charges set at $26,000 annually
What each amendment changed, line by lineSee it free →

Team

Sponsor
Lee Middleton Lorimer Holdings, LLC
Principals
Moishe Gold
Tax estimate
Carl Caller, Esq.Prepared the first-year real estate tax projection
General contractor
Yatsmach PirconiHeld the general construction permit on DOB job 301233396
Title agency
Reliable Abstract Co. LLCThe sponsor's title company for buyers; you can choose another · Named on p. 50

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

Zoning

Zoning districts
R7-1, R6The lot is split between two districts, the largest share first

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

Nearby

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