499 Van Buren Street Condominium
499 Van Buren Street, Brooklyn, NY 11221
Overview
499 Van Buren Street is a 5-unit condo in Brooklyn.
- Offering plan: Accepted May 2023 · 342 pages · floor plans on page 25
- Finishes: 9-foot ceilings, engineered wood floors, granite kitchen countertops, shaker cabinets, Whirlpool and GE appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $969 a square foot on average, as first offered; $4.66 million in all
- Common charges: $215–$505 a month, the sponsor's first-year estimate
- Sponsor: Hashem 499 Van Buren Development LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Daniel Amar
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 3-minute walk to Kosciuszko St (J); 7 minutes to Gates Av (J, Z)
- Amendments: 1, the latest in November 2023
- Units
- 5 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 3 min walk to Kosciuszko St JGates Av J Z, 7 min
- Principals
- Daniel Amar
- Average $/sf
- $969Homes in Schedule A, as first offered
- Common charges
- $215–$505 a monthSponsor's first-year estimate in Schedule A, July 1, 2023- June 30, 2024
- Offering price
- $4.66 million total
- Floor plans
- Page 25 of the plan
- SubmittedNovember 2023
- AcceptedMay 2023
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
5 of 5homes sold (100%)
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)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 5 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 1 Nov 21, 2023
Amendment updates engineer's report for as-built construction conditions, adds temporary certificate of occupancy, and revises Schedule A with adjusted unit square footages.
- Temporary Certificate of Occupancy number 3043666-0000001 issued November 16, 2023; Permanent Certificate anticipated within 60 days
- Unit 1 cellar area increased approximately 8 sf; common area decreased approximately 76 sf due to additional storage unit
- Unit 1 first floor gained approximately 18 sf; common area lost approximately 18 sf due to bathroom and closet changes
- Unit 3A area decreased from 579 sf to 570 sf; primary bedroom ensuite bathtub changed to standing shower; closet and laundry doors reconfigured
- All window and balcony/terrace doors have no screens
- HVAC condensers located at roof level on corrosion-resistant aluminum stands
- No mechanical ventilation at cellar storage rooms
- Sponsor provides planting beds; unit owners responsible for plantings
Team
- Sponsor
- Hashem 499 Van Buren Development LLC
- Principals
- Daniel Amar
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Conventus$2.39 million recorded
- General contractors
- Gbi Contracting, NY DrillingHeld the general construction permit on DOB job 320908149
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 199
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
- 819 Lexington Avenue Condominium0.1 mi · 10 units · 2020
- 1122 & 1126 Lafayette Avenue Condominium0.1 mi · 18 units · 2020
- 27 Kossuth Place Condominium0.1 mi · 10 units · 2018
- 901 Greene Avenue Condominium0.2 mi · 4 units · 2020
- 1143 Lafayette Avenue Condominium0.2 mi · 10 units · 2018
- 46 Kossuth Place Condominium0.2 mi · 10 units · 2022
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