545 Lexington Townhouses Condominium
545 Lexington Avenue, Brooklyn, NY 11221
Overview
545 Lexington Townhouses is a 2-unit condo in Brooklyn.
- Offering plan: Accepted November 2021 · 276 pages · floor plans on page 4
- Finishes: Engineered wood floors, granite kitchen countertops, wood cabinets, Miele, Samsung and Bosch appliances, a washer and dryer in each apartment and Brizo bathroom fittings
- Prices: $972 a square foot on average, as first offered; $3.05 million in all
- Common charges: $647–$669 a month, the sponsor's first-year estimate
- Developer: BM & EM Success Inc; principals Benjamin Moshe Milgram
- Sponsor: 545 Lexington Villa LLC, represented by Tsyngauz & Associates, P.C.
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 15-minute walk to Kingston-Throop Avs (C); 15 minutes to Bedford-Nostrand Avs (G)
- Amendments: 1, the latest in June 2023
- Units
- 2 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 15 min walk to Kingston-Throop Avs CBedford-Nostrand Avs G, 15 min
- Developer
- BM & EM Success Inc
- Principals
- Benjamin Moshe Milgram
- Average $/sf
- $972Homes in Schedule A, as first offered
- Common charges
- $647–$669 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
- Offering price
- $3.05 million total
- Floor plans
- Page 4 of the plan
- SubmittedJune 2023
- AcceptedNovember 2021
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 28, 2025.
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 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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Jun 16, 2023
Amendment changes sponsor, updates construction timeline and closing dates, revises budgets and real estate taxes, modifies unit specifications, and updates closing attorney and escrow arrangements.
- Sponsor changed from 545 Lexington Villa LLC to BSD 545 Lexington LLC on January 6, 2022
- Certificate of occupancy anticipated by end of October 2023
- First unit closing anticipated by July 1, 2023
- Rescission right offered if first closing occurs after June 30, 2024
- First year of condominium operation: July 1, 2023 to June 30, 2024
- Annual real estate taxes for first year: $11,135.22
- Closing attorney and escrow agent: THE SHIPONI LAW FIRM PC, PLLC; closing fee: $2,950.00
- Sponsor provides only hookups for washer and dryer; appliances specified (GE fridge, Magic Chef oven, Frigidaire cooktop, Amana dishwasher)
Team
- Sponsor
- 545 Lexington Villa LLC
- Developer
- BM & EM Success Inc
- Principals
- Benjamin Moshe Milgram
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- RE Tax Service, LLCPrepared the first-year real estate tax projection
- Construction lender
- Golden Bridge$1.85 million loan stated in the plan
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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