THE CONDO BOOK PROJECT

54 Dupont Street Condominium

54 Dupont Street, Brooklyn, NY 11222

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Overview

54 Dupont Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted September 2023 · 387 pages · floor plans on page 35
  • Prices: $8.49 million in all ($7.78 million when first offered)
  • Common charges: $171–$872 a month, the sponsor's first-year estimate
  • Sponsor: 54 Dupont Holdings LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Arie Bar Chaim
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 8-minute walk to Greenpoint Av (G); 16 minutes to Vernon Blvd-Jackson Av (7)
  • Amendments: 2, the latest in January 2024
  1. SubmittedDecember 2023
  2. AcceptedSeptember 2023
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

5 of 6homes sold (83%)
Every sale: 5 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2025.

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 54 Dupont Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 6 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 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Jan 19, 2024

Second amendment updates estimated real estate taxes based on revised DOF assessment letter and extends the plan term.

  • Estimated real estate taxes revised: 2024/2025 assessed value set at $126,096 with 12.502% tax rate
  • Blended taxes for calendar year 2024 (Jan 1 - Dec 31) estimated at $9,760.22
  • Plan effective date declared as January 18, 2024 with one unit purchase agreement executed (16% of residential units)
  • First unit closing cannot occur until this amendment is accepted for filing by Department of Law
  • Plan term extended for six (6) months from amendment date
  • Updated Schedule A reflects revised estimated real estate taxes for all units
  • Schedule A prices increased for 4 homes (median +10.2%): 1B $2,495,000 → $2,750,000; 2A $945,000 → $995,000; 3B $895,000 → $975,000; 4A $1,695,000 → $1,895,000
  • Schedule A prices decreased for 1 home (median -14.9%): 1A $699,000 → $595,000

Amendment 1 Dec 14, 2023

Offering prices for units and licenses increased; engineer's report updated for construction completion, material specifications, and building systems; floor plans revised with updated square footage; taxes recalculated; offering plan term extended 6 months.

  • Unit offering prices raised: 1A to $595,000, 1B to $2,750,000, 2A to $995,000, 3B to $975,000, 4A to $1,895,000
  • Storage and roof terrace licenses priced at $15,000 (S1-S6) and $75,000 (T1-T4)
  • TCO expected January 2024, FCO expected 3-6 months later
  • Window manufacturer changed from Schueco to Doorwin Group
  • Glass door and main entry door manufacturer changed to Doorwin
  • Washer model changed to LG WM1455HWA, dryer to LG DLHC1455W
  • Common water heaters in cellar instead of individual unit heaters; AO Smith model PCG-100, 95 gallon capacity each
  • Projected 2024/2025 annual taxes $43,781.50; blended taxes for Jan-Dec 2024 estimated at $23,768.71
What each amendment changed, line by lineSee it free →

Team

Sponsor
54 Dupont Holdings LLC
Principals
Arie Bar Chaim
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
54 Dupont Capital
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. 233

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).

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