557 Lafayette Avenue Condominium
557 Lafayette Avenue Condominium, Brooklyn, NY 11205
Overview
557 Lafayette Avenue is a 6-unit condo in Brooklyn.
- Offering plan: Accepted April 2010 · 292 pages · floor plans on page 22
- Finishes: 9'6" ceilings, laminate kitchen countertops, laminate cabinets, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $395 a square foot on average, as first offered; $1.56 million in all
- Common charges: $134–$315 a month, the sponsor's first-year estimate
- Sponsor: 557 Lafayette Avenue, LLC, represented by Alla N Lebovits, P.C.; principals Hung Pin Hung
- Subway: 1-minute walk to Bedford-Nostrand Avs (G); 9 minutes to Classon Av (G)
- Amendments: 1, the latest in July 2010
- Units
- 6 residential
- Subway
- 1 min walk to Bedford-Nostrand Avs GClasson Av G, 9 min
- Principals
- Hung Pin Hung
- Average $/sf
- $395Homes in Schedule A, as first offered
- Common charges
- $134–$315 a monthSponsor's first-year estimate in Schedule A, 10/1/2010
- Offering price
- $1.56 million total
- Floor plans
- Page 22 of the plan
- SubmittedJuly 2010
- AcceptedApril 2010
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 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.
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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Jul 26, 2010
Plan declared effective after receiving executed purchase agreements for 2 units representing 33% of units offered.
- Plan declared effective as of July 26, 2010
- 2 units with executed Purchase Agreements received (33% of units)
- Units 1A and 2A purchased with agreements dated 06/24/2010
Team
- Sponsor
- 557 Lafayette Avenue, LLC
- Principals
- Hung Pin Hung
- Counsel
- Alla N Lebovits, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- General contractor
- KTR ConstructionHeld the general construction permit on DOB job 310230041
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
- 541 Lafayette Avenue Condominiumnext door · 3 units · 2020
- 600 & 610 Dekalb Avenue Condominiumnext door · 70 units · 2025
- 627-629 Dekalb Avenue Condominium0.1 mi · 35 units · 2018
- Stuyford Haus0.1 mi · 15 units · 2021
- 540-550 Dekalb Avenue Housing Development Fund Corporation0.1 mi · 7 units · 2026
- 521 Greene Avenue Condominium0.1 mi · 2 units · 2017
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