THE CONDO BOOK PROJECT

475 East 8th Street Condominium

475 East 8th Street, Brooklyn, NY 11218

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Overview

475 East 8th Street is a 12-unit condo in Brooklyn.

  • Offering plan: Accepted December 2008 · 284 pages · floor plans on page 21
  • Finishes: 8'8" ceilings, wood floors, washer/dryer hook-ups and through-wall PTAC units for heating and cooling
  • Prices: $493 a square foot on average, as first offered; $4.95 million in all
  • Common charges: $251–$261 a month, the sponsor's first-year estimate
  • Sponsor: M. Lichtenstein, LLC, represented by Law Office Of Robert A Mahler; principals Nahman Lichtenstein
  • Neighborhood: Kensington & Parkville, Brooklyn
  • Subway: 9-minute walk to Cortelyou Rd (Q); 10 minutes to Ditmas Av (F)
  1. SubmittedMarch 2008
  2. AcceptedDecember 2008

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.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
M. Lichtenstein, LLC
Principals
Nahman Lichtenstein
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Liberty Pointe Bank$3.09 million recorded
General contractors
Bulkquest, Townhouse Builders, TCJ ConstructionHeld the general construction permit on DOB job 301956159
Title agency
Saxony Title Services, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 49

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

Zoning

Zoning district
R7B
Special district
Special Ocean Parkway District (OP)

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

Nearby

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The Condo Book Project Are 475 East 8th Street's common charges high for the area? Yes, they're on the high side. 475 East 8th Street budgets $0.33 per square foot a month, against a $0.25 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?