THE CONDO BOOK PROJECT

571 Ocean Parkway Condominium

571 Ocean Parkway, Brooklyn, NY 11218

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Overview

571 Ocean Parkway is a 29-unit condo in Brooklyn, with 1 parking unit.

  • Offering plan: Accepted February 2022 · 364 pages · floor plans on page 38
  • Finishes: Vinyl plank floors, laminate kitchen countertops, Hampton Bay cabinets, Frigidaire appliances, washer/dryer hook-ups and fan coil units for heating and cooling
  • Prices: $934 a square foot on average, as first offered; $18.3 million in all
  • Common charges: $283–$450 a month, the sponsor's first-year estimate
  • Sponsor: 170 Laco, LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Leonid Bogomolniy
  • Neighborhood: Kensington & Parkville, Brooklyn
  • Subway: 9-minute walk to 18 Av (F); 9 minutes to Ditmas Av (F)
  1. SubmittedOctober 2021
  2. AcceptedFebruary 2022

Sales

0 of 29homes sold (0%)

From city records (ACRIS), through Jan 31, 2021.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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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 9 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
170 Laco, LLC
Principals
Leonid Bogomolniy
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
571 Ocean Parkway Funding
General contractor
G-NadoHeld the general construction permit on DOB job 321592807
Buyer's lender
loanDepotThe sponsor's preferred mortgage lender; you can use another · Named on p. 227

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R7A
Special district
Special Ocean Parkway District (OP)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 571 Ocean Parkway's common charges high for the area? No, they're on the low side. 571 Ocean Parkway budgets $0.45 per square foot a month, against a $0.63 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?