479 Monroe Street Condominium
479 Monroe Street, Brooklyn, NY 11221
Overview
479 Monroe Street is a 7-unit condo in Brooklyn.
- Offering plan: Accepted June 2020 · 284 pages · floor plans on page 4
- Finishes: Hardwood floors, quartz kitchen countertops, Nolte cabinets, Fisher & Paykel and Bosch appliances, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $969 a square foot on average, as first offered; $4.28 million in all ($3.79 million when first offered)
- Common charges: $267–$609 a month, the sponsor's first-year estimate
- Developer: G.S.N. Equities, Inc.; principals Victor Nissim
- Sponsor: Gsn-Lng LLC, represented by Tsyngauz & Associates, P.C.
- Subway: 13-minute walk to Kingston-Throop Avs (C); 15 minutes to Utica Av (A, C)
- Amendments: 3, the latest in November 2022
- Units
- 7 residential
- Subway
- 13 min walk to Kingston-Throop Avs CUtica Av A C, 15 min
- Developer
- G.S.N. Equities, Inc.
- Principals
- Victor Nissim
- Average $/sf
- $969Homes in Schedule A, as first offered
- Common charges
- $267–$609 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 - December 31, 2021
- Offering price
- $4.28 million total $3.79 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedJuly 2021
- AcceptedJune 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2024.
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 479 Monroe Street'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 3 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Nov 8, 2022
Third amendment updates the condominium's status post-construction, sets the first operational year budget for January 1 - December 31, 2023, and increases projected costs.
- Temporary certificate of occupancy issued October 3, 2022
- First year of condominium operation begins January 1, 2023 and ends December 31, 2023
- Labor cost increased to $6,222.00
- Yearly reserve fund increased to $3,250.00
- Total budget increase of $2,996.00 or 10.15%
- Sponsor's attorney address changed to 225 Broadway, Suite 2640, New York, NY 10007
- Plan term extended for an additional six (6) months from date amendment is accepted for filing
- Schedule A prices increased for 3 homes (median +8.9%): 2F $449,000 → $489,000; 4F $515,000 → $540,000; 4R $629,000 → $699,000
Team
- Sponsor
- Gsn-Lng LLC
- Developer
- G.S.N. Equities, Inc.
- Principals
- Victor Nissim
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Bayport Funding$1.65 million loan stated in the plan
- General contractors
- Minerva Home Restoration, Emma Group Management, Singla Concepts, Nyb Builders, Stellar IndustriesHeld the general construction permit on DOB job 320595628
- Property report
- INFOCUSPrepared the plan's description of the property and its condition · Named on p. 127
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
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- Kps Condominium0.2 mi · 4 units · 2022
- 545 Lexington Townhouses Condominium0.2 mi · 2 units · 2021
- 659 Putnam Avenue Condominium0.2 mi · 4 units · 2020
- 667 Putnam Avenue Condominium0.2 mi · 4 units · 2018
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