573 Gates Avenue Condominium
573 Gates Avenue, Brooklyn, NY 11221
Overview
573 Gates Avenue is an 8-unit condo in Brooklyn.
- Offering plan: Accepted April 2020 · 308 pages · floor plans on page 23
- Finishes: Hardwood floors, Whirlpool appliances and ducted heat pumps for heating and cooling
- Prices: $1,012 a square foot on average, as first offered; $4.91 million in all ($5.26 million when first offered)
- Common charges: $321–$497 a month, the sponsor's first-year estimate
- Developer: Arbie Development; principals Ron Borovinsky
- Sponsor: 573 Gates LLC, represented by Jeffrey Zwick & Associates, P.C.
- Subway: 12-minute walk to Kingston-Throop Avs (C); 12 minutes to Bedford-Nostrand Avs (G)
- Amendments: 1, the latest in September 2020
- Units
- 8 residential
- Subway
- 12 min walk to Kingston-Throop Avs CBedford-Nostrand Avs G, 12 min
- Developer
- Arbie Development
- Principals
- Ron Borovinsky
- Average $/sf
- $1,012Homes in Schedule A, as first offered
- Common charges
- $321–$497 a monthSponsor's first-year estimate in Schedule A, July 1, 2030 , June 30, 2032
- Offering price
- $4.91 million total $5.26 million when first offered
- Floor plans
- Page 23 of the plan
- SubmittedSeptember 2020
- AcceptedApril 2020
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Oct 31, 2023.
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 573 Gates Avenue's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 8 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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Sep 8, 2020
First closing date moved to January 1, 2021, prices for 1R and 1B units changed, and first-year operating budget reduced by $7,385.
- First Closing projected date changed to January 1, 2021
- 1R unit price changed to $731,000.00
- 1B unit price changed to $750,000.00
- First-year budget decreased by $7,385 (20.24% decrease)
- Budget year updated to January 1, 2021 through December 31, 2021
- Schedule A prices increased for 1 home (median +4.6%): 1R $699,000 → $731,000
- Schedule A prices decreased for 1 home (median -6.1%): 4PH $799,000 → $750,000
Team
- Sponsor
- 573 Gates LLC
- Developer
- Arbie Development
- Principals
- Ron Borovinsky
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- Sharestates InvestmentsLender on the mortgage and building loan agreement recorded December 2018 in ACRIS; $6.04 million recorded
- Buyer's lenders
- ABC Mortgage Corp, Citizens BankThe sponsor's preferred mortgage lenders; you can use another · Named on p. 7
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 459 Quincy Street Condominium0.1 mi · 10 units · 2020
- 358 Tompkins Avenue Condominium0.1 mi · 4 units · 2023
- 360 Tompkins Avenue Condominium0.1 mi · 4 units · 2022
- 437 Putnam Avenue Condominium0.2 mi · 4 units · 2019
- 18 Van Buren Street Condominium0.2 mi · 7 units · 2019
- 680 Greene Avenue Condominium0.2 mi · 4 units · 2022
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 573 Gates Avenue
The fastest way to know any condo or co-op
Get Connected →