THE CONDO BOOK PROJECT

42-15 81st Street (Setam)

42-15 81st Street, Queens, NY 11373

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Overview

42-15 81st Street (Setam) is a condo conversion in Queens.

  • Offering plan: Accepted August 1988 · 336 pages
  • Prices: $90.8 million in all ($17.3 million when first offered)
  • Sponsor: Setam Realty Associates LLC, represented by Seyfarth Shaw, LLP
  • Subway: 1-minute walk to Elmhurst Av (M, R); 7 minutes to 82 St-Jackson Hts (7)
  • Amendments: 14, the latest in March 2020
  1. SubmittedOctober 1986
  2. AcceptedAugust 1988
  3. 14 amendments

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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Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 3 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
Setam Realty Associates LLC
Property reports
Braxton Engineering, HERBERT W. BRAUNSTEIN, P.E., P.A.Prepared the plan's description of the property and its condition · Named on p. 9, p. 181

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

Zoning

Zoning districts
R7A, R6BThe lot is split between two districts, the largest share first
Commercial overlay
C1-3

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

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