400 Third Street
400 Third Street, Brooklyn, NY 11215
Overview
400 Third Street is a co-op conversion in Brooklyn.
- Offering plan: Accepted June 1985 · 251 pages
- Prices: $1.12 million in all ($996,000 when first offered)
- Sponsor: Harold Einhorn, represented by Allen, Morris & Troisi LLP; principals Harold Einhorn
- Subway: 10-minute walk to Union St (R); 10 minutes to 4 Av-9 St (F, G, R)
- Amendments: 10, the latest in July 2002
- Subway
- 10 min walk to Union St R4 Av-9 St F G R, 10 min
- Principals
- Harold Einhorn
- Offering price
- $1.12 million total $996,000 when first offered
- SubmittedNovember 1984
- AcceptedJune 1985
- 10 amendments
First-Year Budget
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Property Taxes
The city's tax bill for this co-op building, and any tax breaks.
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Amendments
Amendment 10 Jul 15, 2002
This amendment lists the four apartments the sponsor still owns and their costs, raises the price of Apt. 1L to $595,000.00, and replaces the escrow disclosure, along with several other updates.
- Total cash purchase price for Apt. 1L owned by sponsor increased to $595,000.00
- Sponsor-owned apartments listed: 1L, 1R, 2R and 3L, each with 50 shares and $460.00 monthly maintenance
- Sponsor's total monthly maintenance for its apartments is $1,840.00 and total monthly rents received are approximately $939.85
- Escrow disclosure replaced: downpayments go to Allen, Morris, Troisi & Simon LLP escrow account at Chase Manhattan Bank, N.A.
- Actual assessed valuation for 2002/2003 tax year set at $67,860.00, with a tax rate of 10.792%
- Alteration application accepted by NYC Department of Buildings for a second bathroom and kitchen relocation in units 1L, 2L, 4L, 3R and 4R; share allocation unchanged
- Purchaser closing fees by sponsor's attorneys: $250.00, $150.00 per financed closing, and $200.00 for closings held away from attorney's office at purchaser's request
- Financial statements for 1993 through 2001 annexed, prepared by Robert J. Spontak, CPA
Team
- Sponsor
- Harold Einhorn
- Principals
- Harold Einhorn
- Counsel
- Allen, Morris & Troisi LLP
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Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
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