541 Lafayette Avenue Condominium
541 Lafayette Avenue, Brooklyn, NY 11205
Overview
541 Lafayette Avenue is a 3-unit condo in Brooklyn.
- Offering plan: Accepted August 2020 · 340 pages · floor plans on pages 166–169
- Finishes: A washer and dryer in each apartment and Mirabelle bathroom fittings
- Prices: $1,212 a square foot on average, as first offered; $3.77 million in all ($3.22 million when first offered)
- Common charges: $439–$663 a month, the sponsor's first-year estimate
- Sponsor: B&A Investors Group LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Eldad Amrani
- Subway: 2-minute walk to Bedford-Nostrand Avs (G); 8 minutes to Classon Av (G)
- Amendments: 1, the latest in March 2021
- Units
- 3 residential
- Subway
- 2 min walk to Bedford-Nostrand Avs GClasson Av G, 8 min
- Principals
- Eldad Amrani
- Average $/sf
- $1,212Homes in Schedule A, as first offered
- Common charges
- $439–$663 a monthSponsor's first-year estimate in Schedule A, July 1, 2021- June 30, 2022
- Offering price
- $3.77 million total $3.22 million when first offered
- Floor plans
- Pages 166–169 of the plan
- SubmittedMarch 2021
- AcceptedAugust 2020
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
3 of 3homes sold (100%)
From city records (ACRIS), through Sep 30, 2021.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 3 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Mar 16, 2021
Amendment updates offering prices, adds FinCEN financial disclosure requirements and roof drainage risk disclosure, and revises architectural specifications and floor plans.
- Offering prices: Unit 1 $1,495,000, Unit 2 $1,195,000, Unit 3 $1,085,000
- FinCEN Currency Transaction Report requirement for certain business entity purchases without bank financing from November 6, 2020 to May 4, 2021
- Roofs and terraces lack emergency secondary drains to prevent leaks in units below
- Construction substantially completed as of February 2021
- Gas service by National Grid with individual meters per unit
- Synthetic grass at rear yard; building enclosed with steel and wood fencing
- Unit 3 roof terrace increased from 509 sf to 856 sf; Unit 2 roof terrace portion reallocated to Unit 3
- Unit 1 cellar decreased to 814 sf, first floor increased to 1222 sf
- Schedule A prices increased for 3 homes (median +15.1%): 1 $1,299,000 → $1,495,000; 2 $949,000 → $1,195,000; 3 $969,000 → $1,085,000
Team
- Sponsor
- B&A Investors Group LLC
- Principals
- Eldad Amrani
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- AJ Partners Lending$1.08 million recorded
- Title agency
- Adar Land and Tree AbstractThe sponsor's title company for buyers; you can choose another · Named on p. 75
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 200
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
- 557 Lafayette Avenue Condominiumnext door · 6 units · 2010
- 600 & 610 Dekalb Avenue Condominiumnext door · 70 units · 2025
- Stuyford Haus0.1 mi · 15 units · 2021
- 540-550 Dekalb Avenue Housing Development Fund Corporation0.1 mi · 7 units · 2026
- 230 Clifton Place Condominium0.1 mi · 24 units · 2017
- 230 Spencer Street Condominium0.1 mi · 2 units · 2008
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 541 Lafayette Avenue
The fastest way to know any condo or co-op
Get Connected →