THE CONDO BOOK PROJECT

533 Throop Avenue Condominium

533 Throop Avenue, Brooklyn, NY 11211

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Overview

533 Throop Avenue is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted April 2021 · 253 pages
  • Finishes: 10-foot ceilings, quartz kitchen countertops, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $1,053 a square foot on average, as first offered; $3.1 million in all
  • Common charges: $687 a month, the sponsor's first-year estimate
  • Sponsor: Seigel Complex, Inc., represented by Eial Girtz, PC
  • Neighborhood: Bedford-Stuyvesant, Brooklyn
  • Subway: 6-minute walk to Kingston-Throop Avs (C); 13 minutes to Nostrand Av (A, C)
  • Amendments: 1, the latest in February 2022
  1. SubmittedFebruary 2022
  2. AcceptedApril 2021
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

2 of 2homes sold (100%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 31, 2023.

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 533 Throop Avenue's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 2 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 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Feb 7, 2022

Amendment declares the offering plan effective, reports both units have closed, and provides updates on occupancy certificates and tax law changes.

  • Plan extends for 6 months
  • Plan declared effective May 10, 2021 based on one purchase agreement (50% of two units offered)
  • Declaration of Condominium recorded May 25, 2021
  • Temporary Certificate of Occupancy obtained October 22, 2021; Permanent Certificate of Occupancy expected in approximately 30 days with $5,000.00 held in escrow
  • Both Unit #1 and Unit #2 have closed; no unsold units remain
  • First Year Budget unchanged; First Year runs July 1, 2021 through June 30, 2022
  • New York State Tax Law Section 1404(a) amended effective July 1, 2021 eliminates grossing up for residential real estate transfer tax and mansion taxes on certain residential properties when grantee pays tax
What the amendment changed, line by lineSee it free →

Team

Sponsor
Seigel Complex, Inc.
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
General contractors
Ramanand Chandrabali, Salute ContractingHeld the general construction permit on DOB job 321614945

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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The Condo Book Project Are 533 Throop Avenue's common charges high for the area? Yes, they're on the high side. 533 Throop Avenue budgets $0.42 per square foot a month, against a $0.35 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?