THE CONDO BOOK PROJECT

4112 8th Avenue Condominium

4112 8th Avenue, Brooklyn, NY 11232

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Overview

4112 8th Avenue is an 8-unit condo in Brooklyn, with 2 commercial units.

  • Offering plan: Accepted March 2022 · 290 pages · floor plans on page 22
  • Finishes: Hardwood floors, Frigidaire appliances and through-wall PTAC units for heating and cooling
  • Prices: $681 a square foot on average, as first offered; $7.5 million in all
  • Common charges: $223–$663 a month, the sponsor's first-year estimate
  • Sponsor: 4112 8th Ave Realty LLC, represented by Thomas E. Berinato, Attorney At Law; principals Ray Chen, William J. Chan and Zheng Sheng Zheng
  • Subway: 7-minute walk to 9 Av (D); 9 minutes to Fort Hamilton Pkwy (D)
  • Amendments: 1, the latest in May 2022
  1. SubmittedMay 2022
  2. AcceptedMarch 2022
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

7 of 12homes sold (58%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2024.

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 4112 8th Avenue's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 12 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 →

Amendments

Amendment 1 May 10, 2022

The offering plan is declared effective after the sponsor accepted purchase agreements for 25% of the 8 residential units.

  • Offering plan declared effective as of May 10, 2022
  • Sponsor accepted purchase agreements for 2 out of 8 residential units (25%)
  • Closing may not occur until plan effectiveness is accepted for filing by Department of Law
  • Units 3B and 6B counted toward effectiveness (purchase agreements dated 4/6/2022 and 4/7/2022)
  • No material changes to first year operating budget
What the amendment changed, line by lineSee it free →

Team

Sponsor
4112 8th Ave Realty LLC
Principals
Ray Chen, William J. Chan, Zheng Sheng Zheng
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
General contractors
Sunlight Construction Aa, H&Z Building ConsultingHeld the general construction permit on DOB job 320916194
Structural engineer
Jieming Wang, P.E.Named on p. 145
Title agency
Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 73

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

Zoning

Zoning district
R6
Commercial overlay
C2-4

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

Nearby

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The Condo Book Project Are 4112 8th Avenue's common charges high for the area? They're in line. 4112 8th Avenue budgets $0.37 per square foot a month, against a $0.37 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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