522 State Street Condominium
522 State Street, Brooklyn, NY 11217
Overview
522 State Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted January 2024 · 343 pages · floor plans on page 35
- Finishes: 9'4" ceilings, engineered wood floors, stone kitchen countertops, Belmont cabinets, Thermador appliances, a washer and dryer in each apartment, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $2,087 a square foot on average, as first offered; $9.6 million in all
- Common charges: $859–$1,131 a month, the sponsor's first-year estimate
- Developer: Excel Development Group; principals Michael Heletz
- Sponsor: 522 State LLC, represented by The Law Office Of Jay Lichtman, PC
- Subway: 3-minute walk to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R); 4 minutes to Nevins St (2, 3, 4, 5)
- Units
- 4 residential
- Subway
- 3 min walk to Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q RNevins St 2 3 4 5, 4 min
- Developer
- Excel Development Group
- Principals
- Michael Heletz
- Average $/sf
- $2,087Homes in Schedule A, as first offered
- Common charges
- $859–$1,131 a monthSponsor's first-year estimate in Schedule A, July 1, 2024- June 30, 2025
- Offering price
- $9.6 million total
- Floor plans
- Page 35 of the plan
- SubmittedJuly 2023
- AcceptedJanuary 2024
- First sale
- Latest sale
Units & Prices
Sales
4 of 4homes sold (100%)
From city records (ACRIS), through Jul 31, 2026.
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 for 4 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 2 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- 522 State LLC
- Developer
- Excel Development Group
- Principals
- Michael Heletz
- Tax estimate
- Berish LichtmanPrepared the first-year real estate tax projection
- Construction lender
- USC$4.05 million recorded
- Property report
- KMP Design and Engineering PLLCPrepared the plan's description of the property and its condition · Named on p. 143
- 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. 6
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
- Special district
- Special Downtown Brooklyn District (DB)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Hendrik Condominiumnext door · 33 units · 12 parking · 2016
- 533 Pacific Street Condominiumnext door · 41 units · 10 parking · 2022
- Times Plaza Condominiumnext door · 39 units · 2004
- 561 Pacific Street Condominium0.1 mi · 63 units · 16 parking · 2018
- 465 Pacific Street Condominium0.1 mi · 30 units · 17 parking · 2015
- Nevins Condominium0.2 mi · 73 units · 2016
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