459 Quincy Street Condominium
459 Quincy Street, Brooklyn, NY 11221
Overview
459 Quincy Street is a 10-unit condo in Brooklyn.
- Offering plan: Accepted April 2020 · 294 pages · floor plans on page 28
- Finishes: 8'6" ceilings, wood floors, quartz kitchen countertops, Leicht cabinets, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,056 a square foot on average, as first offered; $7.42 million in all ($7.38 million when first offered)
- Common charges: $388–$861 a month, the sponsor's first-year estimate
- Developer: Infinity Properties LLC
- Sponsor: 459 Quincy LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 12-minute walk to Kingston-Throop Avs (C); 14 minutes to Bedford-Nostrand Avs (G)
- Amendments: 3, the latest in January 2022
- Units
- 10 residential
- Subway
- 12 min walk to Kingston-Throop Avs CBedford-Nostrand Avs G, 14 min
- Developer
- Infinity Properties LLC
- Average $/sf
- $1,056Homes in Schedule A, as first offered
- Common charges
- $388–$861 a monthSponsor's first-year estimate in Schedule A, July 1, 2020 - June 30, 2021
- Offering price
- $7.42 million total $7.38 million when first offered
- Floor plans
- Page 28 of the plan
- SubmittedDecember 2020
- AcceptedApril 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 30, 2023.
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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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 7 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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Jan 19, 2022
Amendment records first closing, Certificate of Occupancy, Declaration recording, working capital deposits, unsold units inventory, new board members, and changes transfer tax calculation rules.
- First unit closed June 30, 2021
- Final Certificate of Occupancy issued January 25, 2021 (CO #321188709F)
- Declaration recorded June 15, 2021 (CRFN #2021000225719)
- Working capital fund of $4,509.37 deposited at Chase Bank; $501.04 in reserve fund
- Sponsor retains 2 residential units and 2 storage units
- New board elected August 4, 2021: Pierre Gergis, Alex Wiggal, Jenna Wilson, Avery Munnings, Elena Ruigomez
- NYS transfer taxes now calculated on NYC transfer taxes only, not both NYC and NYS taxes
Amendment 2 Mar 8, 2021
Plan declared effective with two units sold representing 20% of units.
- Plan declared effective as of March 8, 2021
- Two units sold: 3B and 4C
- Sales represent 20% of units being sold under the plan
Amendment 1 Jan 28, 2021
Amendment updates building completion details, floor plans, unit layouts, construction finishes, and revises budget and tax assessment downward.
- Rear yard changed to all concrete instead of synthetic grass
- Walls upgraded to 18 gauge metal studs with added insulation for sound compliance
- Six storage units added in cellar for sale
- Unit 1B rear yard reduced from 814 SF to 701 SF
- Floors changed to engineered hardwood instead of white oak
- Vanity sinks changed to custom instead of Kube Bath
- Budget decreased $28,172.00 (43%) due to lower salaries and elimination of management company fee
- Commencement date updated to April 1, 2021; assessed valuation lowered to $520,770.00
Team
- Sponsor
- 459 Quincy LLC
- Developer
- Infinity Properties LLC
- Tax estimate
- Tuchman, Korngold, Weiss, Liebman & Lindemann LLPPrepared the first-year real estate tax projection
- Construction lender
- White Oak Projects$2.27 million recorded
- General contractor
- Nyb BuildersHeld the general construction permit on DOB job 321188709
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 680 Greene Avenue Condominiumnext door · 4 units · 2022
- Kps Condominiumnext door · 4 units · 2022
- 702 Green Avenue Condominium0.1 mi · 4 units · 2022
- 545 Lexington Townhouses Condominium0.1 mi · 2 units · 2021
- 573 Gates Avenue Condominium0.1 mi · 8 units · 2020
- 18 Van Buren Street Condominium0.2 mi · 7 units · 2019
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