424 Lafayette Avenue Condominium
424 Lafayette Avenue, Brooklyn, NY 11238
Overview
424 Lafayette Avenue is a 7-unit condo in Brooklyn, with 8 storage units and 1 commercial unit.
- Offering plan: Accepted October 2007 · 170 pages · floor plans on pages 119–121
- Finishes: Hardwood floors, laminate kitchen countertops, wood cabinets, Frigidaire appliances, washer/dryer hook-ups and Gerber bathroom fittings
- Prices: $650 a square foot on average, as first offered; $5.1 million in all
- Sponsor: 424 Lafayette, LLC, represented by The Law Office Of Charles Mandelbaum; principals Isaac Broyn
- Subway: 2-minute walk to Classon Av (G); 4 minutes to Bedford-Nostrand Avs (G)
- Amendments: 3, the latest in October 2015
- Units
- 7 residential · 8 storage · 1 commercial
- Subway
- 2 min walk to Classon Av GBedford-Nostrand Avs G, 4 min
- Principals
- Isaac Broyn
- Average $/sf
- $650Homes in Schedule A, as first offered
- Offering price
- $5.1 million total
- Floor plans
- Pages 119–121 of the plan
- SubmittedJanuary 2008
- AcceptedOctober 2007
- 3 amendments
Units & Prices
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Oct 9, 2015
The sponsor MZH Housing, LLC is abandoning the offering plan after purchasing the property on October 21, 2013.
- Property purchased by MZH Housing, LLC on October 21, 2013
- All prior contracts terminated and deposits returned
- Offering plan abandoned per Section X terms
Amendment 2 Jul 3, 2008
Amendment updates unit square footage and pricing, changes storage unit arrangement and common charges, adjusts condominium operation start date to September 1, 2008, and adds pet policies.
- Unit A price increased to $272,000.00
- Square footage of all units revised per Exhibit A
- Storage units assigned (not sold); seven total, one per residential unit
- Monthly common charges and taxes for storage units added to residential unit charges
- First year of condominium operation start date changed from January 1, 2008 to September 1, 2008
- Pet policy: maximum two pets per unit; allowed types are dogs, cats, caged birds, and fish
- Percentage of common interest for each residential unit increased
- Revised Schedule B and budget certification provided
Amendment 1 Feb 21, 2008
Plan declared effective after two of eight units sold, exceeding the required 15% threshold.
- Purchase agreements executed for 2 of 8 units (25%), meeting the 15% requirement to declare plan effective
- Plan deemed effective upon NYS Department of Law acceptance and publication by Sponsor
- All purchasers counted are bona fide and unrelated to Sponsor
- No material changes to first year operating budget
Team
- Sponsor
- 424 Lafayette, LLC
- Principals
- Isaac Broyn
- Tax estimate
- Moseson & AssociatesPrepared the first-year real estate tax projection
- Construction lender
- Imperial Capital BankLender on the mortgage and building loan agreement recorded September 2006 in ACRIS; $1.85 million recorded
- General contractors
- Nesher Bldrs, Nesher ConsultingHeld the general construction permit on DOB job 302152710
- Title agency
- Imperial Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 42
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 125 Clifton Place Condominiumnext door · 6 units · 2020
- Clifton Place Condominiumnext door · 32 units · 2009
- 105 Lexington Avenue Condominium0.1 mi · 31 units · 2007
- 374 Classon Avenue Condominium0.1 mi · 7 units · 2024
- 71 Lexington Avenue Condominium0.1 mi · 5 units · 2006
- 354 Franklin Avenue Condominiums0.2 mi · 6 units · 2020
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 424 Lafayette Avenue
The fastest way to know any condo or co-op
Get Connected →