THE CONDO BOOK PROJECT

53 Stanhope Street Condominium

53 Stanhope Street, Brooklyn, NY 11206

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Overview

53 Stanhope Street is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted September 2024 · 268 pages · floor plans on page 10
  • Finishes: 8'6" ceilings, engineered wood floors, stone kitchen countertops, plywood cabinets, Haier, Samsung and Frigidaire appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
  • Prices: $1,091 a square foot on average, as first offered; $5.83 million in all
  • Common charges: $175–$621 a month, the sponsor's first-year estimate
  • Sponsor: 53 Stanhope Street LLC, represented by Eial Girtz, PC; principals Arkadiy Nagorev
  • Subway: 6-minute walk to Central Av (M); 6 minutes to Kosciuszko St (J)
  1. SubmittedMay 2024
  2. AcceptedSeptember 2024

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

Team

Sponsor
53 Stanhope Street LLC
Principals
Arkadiy Nagorev
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Market Access Resources$1.6 million loan stated in the plan
Property report
Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 132

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 53 Stanhope Street's common charges high for the area? No, they're on the low side. 53 Stanhope Street budgets $0.60 per square foot a month, against a $0.65 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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