460 East New York Avenue Condominium
460 East New York Avenue, Brooklyn, NY 11225
Overview
460 East New York Avenue is an 8-unit condo in Brooklyn.
- Offering plan: Accepted September 2021 · 273 pages
- Finishes: 8'3" ceilings, wood floors, granite kitchen countertops, wood cabinets, Frigidaire and LG appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $992 a square foot on average, as first offered; $4.6 million in all ($4.59 million when first offered)
- Common charges: $109–$538 a month, the sponsor's first-year estimate
- Sponsor: 460 Eny Ave LLC, represented by Eial Girtz, PC
- Neighborhood: East Flatbush, Brooklyn
- Subway: 6-minute walk to Sterling St (2, 5); 9 minutes to Winthrop St (2, 5)
- Amendments: 4, the latest in April 2023
- Units
- 8 residential
- Neighborhood
- East Flatbush, Brooklyn
- Subway
- 6 min walk to Sterling St 2 5Winthrop St 2 5, 9 min
- Average $/sf
- $992Homes in Schedule A, as first offered
- Common charges
- $109–$538 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 To June 30, 2023
- Offering price
- $4.6 million total $4.59 million when first offered
- SubmittedMay 2022
- AcceptedSeptember 2021
- 4 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)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 8 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 4 Apr 14, 2023
Escrow agent moved to TD Bank with new IOLA account; seven units have closed and one is in contract.
- Units 1A, 1B, 2A, 2B, 3A, 3B, and 4B have closed; Unit 4A is in contract
- Escrow account moved from First Republic Bank to TD Bank at 475 Port Washington Boulevard, Port Washington, NY
- Eial Girtz PC serves as Sponsor's attorney and Escrow Agent with designated signatories Eial Girtz and Lisa Kim
- Down payment deposits transferred March 21, 2023 due to banking crisis concerns
- FDIC insurance limited to $250,000 per deposit; excess amounts uninsured unless multiple accounts established
- No interest paid to purchasers on escrow deposits; sponsor bears all escrow account maintenance costs
- Updated Escrow Agreement for Contract Deposit attached as Exhibit A
Amendment 3 Oct 7, 2022
Plan extended 6 months, Unit 1A price increased, building received final Certificate of Occupancy, and three units have closed.
- Plan extended for 6 months
- Unit 1A offering price increased from $349,000.00 to $355,000.00
- Final Certificate of Occupancy obtained August 11, 2022
- Declaration of Condominium recorded August 22, 2022
- First closing (Unit 2B) occurred September 16, 2022; Units 1A and 3B also closed
- Units 1B, 2A, 3A, 4A, 4B remain unsold
- First-year budget unchanged
Amendment 2 Jun 28, 2022
Plan extended 6 months with revised floor plans reflecting as-built conditions; unit square footages and storage sizes adjusted; one clerical correction to common element percentage.
- Plan extended for 6 months
- Unit 1A decreased from 343 sq. ft. to 337 sq. ft.
- Unit 1B cellar decreased from 588 sq. ft. to 544 sq. ft.
- Unit 1B limited common element corrected from 27.0608% to 27.0281%
- Storage square footages adjusted for multiple units
- Two units in contract; none leased
- Final Certificate of Occupancy anticipated by end August 2022
Amendment 1 May 2, 2022
Plan declared effective after two residential units were placed under contract, meeting the 15% threshold.
- Plan declared effective on May 2, 2022
- Two units (2B and 3B) under contract as of 5/2/22
- Contracts represent 25% of eight units offered for sale
- No units are leased
Team
- Sponsor
- 460 Eny Ave LLC
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 421 Maple Street Condominiumnext door · 10 units · 2021
- 406 Midwood Street Condominium0.1 mi · 10 units · 2023
- Maple Crown Condominium0.1 mi · 15 units · 8 parking · 2025
- 401 Rutland Road Condominium0.1 mi · 22 units · 11 parking · 2020
- 373 Rutland Road Condominium0.1 mi · 9 units · 2026
- 371 Lincoln Road Condominium0.2 mi · 6 units · 2019
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