THE CONDO BOOK PROJECT

514 Maple Street Condominium

514 Maple Street, Brooklyn, NY 11225

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Overview

514 Maple Street is a 10-unit condo in Brooklyn.

  • Offering plan: Accepted December 2022 · 322 pages · floor plans on page 29
  • Finishes: 8'8" ceilings, wood floors, wood cabinets, Samsung and LG appliances, a washer and dryer in each apartment and split-system units for heating and cooling
  • Prices: $840 a square foot on average, as first offered; $7.06 million in all
  • Common charges: $168–$604 a month, the sponsor's first-year estimate
  • Sponsor: Vpmb Holdings, Inc., represented by Marcus Attorneys, Pllc; principals Pierre Bernard
  • Neighborhood: East Flatbush, Brooklyn
  • Subway: 11-minute walk to Sterling St (2, 5); 12 minutes to Winthrop St (2, 5)
  1. SubmittedJanuary 2022
  2. AcceptedDecember 2022

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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 6 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
Vpmb Holdings, Inc.
Principals
Pierre Bernard
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
General contractors
PJB Construction, MG Builders, JRS Construction & ExpediHeld the general construction permit on DOB job 320908425
Property report
Flavio Barros, P.E.Prepared the plan's description of the property and its condition · Named on p. 207

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

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The Condo Book Project Are 514 Maple Street's common charges high for the area? No, they're on the low side. 514 Maple Street budgets $0.38 per square foot a month, against a $0.76 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?