THE CONDO BOOK PROJECT

467 Tompkins Avenue Condominium

467 Tompkins Avenue, Brooklyn, NY 11216

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Overview

467 Tompkins Avenue is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted July 2021 · 266 pages · floor plans on page 21
  • Finishes: Wood floors, quartz kitchen countertops, wood cabinets, Frigidaire and LG appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $1,049 a square foot on average, as first offered; $4.74 million in all ($4.68 million when first offered)
  • Common charges: $173–$559 a month, the sponsor's first-year estimate
  • Sponsor: 467 Tompkins Group LLC, represented by Eial Girtz, PC; principals Eduard Katanov and Arkadiy Nagorev
  • Subway: 5-minute walk to Kingston-Throop Avs (C); 8 minutes to Nostrand Av (A, C)
  • Amendments: 3, the latest in May 2023
  1. SubmittedDecember 2022
  2. AcceptedJuly 2021
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

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 467 Tompkins 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 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 May 17, 2023

Plan extended 6 months; Temporary Certificate of Occupancy issued April 5, 2023 with $7,100 in escrow for Permanent Certificate; five units have closed, one remains unsold.

  • Plan extended for 6 months
  • Temporary Certificate of Occupancy issued April 5, 2023; Permanent Certificate expected in approximately 60 days
  • $7,100 held in escrow to secure Sponsor's obligation to obtain Permanent Certificate of Occupancy
  • Declaration of Condominium recorded March 1, 2023
  • First Unit Closing (Unit 2B) on April 27, 2023; Units 2A, 3A, 3B, 4A, 4B have closed; Unit 1 unsold
  • Construction financing of $1,300,000 from LYZ Corp paid off in full; all units released from mortgage
  • Working capital account balance $2,573.75; common charges $559.22 per month for unsold Unit 1

Amendment 2 Apr 14, 2023

Amendment changes the escrow account for buyer deposits from First Republic Bank to a new IOLA account at TD Bank due to banking crisis concerns.

  • Escrow account moved from First Republic Bank to TD Bank (475 Port Washington Boulevard, Port Washington, NY 11050)
  • Down payment deposits for Units 2A, 2B, 3A, 3B, 4A and 4B transferred to new account on March 21, 2023
  • Eial Girtz PC designated as Escrow Agent with Eial Girtz and Lisa Kim as authorized signatories
  • FDIC insurance on escrow account capped at $250,000 per deposit
  • No interest paid to purchasers on deposits; interest goes to New York State IOLA fund
  • Sponsor bears all costs of escrow account maintenance
  • Escrow Agent must deposit funds within 5 business days of receiving Purchase Agreement
  • Purchaser may cancel if not notified of deposit within 15 business days
What each amendment changed, line by lineSee it free →

Team

Sponsor
467 Tompkins Group LLC
Principals
Eduard Katanov, Arkadiy Nagorev
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
LYZ$1.3 million loan stated in the plan
General contractor
Gim ConstructionHeld the general construction permit on DOB job 321325017
Property report
Demerara Engineering PLLCPrepared the plan's description of the property and its condition · Named on p. 126

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

Zoning

Zoning district
R6A
Commercial overlay
C2-4

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

Nearby

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The Condo Book Project Are 467 Tompkins Avenue's common charges high for the area? No, they're on the low side. 467 Tompkins Avenue budgets $0.41 per square foot a month, against a $0.55 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 7 units, every budget line, every saleSee it free