Flushing Condominium
577 Flushing Avenue, Brooklyn, NY 11206
Overview
Flushing is a 16-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted April 2019
- Prices: $16.7 million in all ($13.2 million when first offered)
- Sponsor: 577 Flushing Condos LLC, represented by Jeffrey Zwick & Associates, P.C.
- Neighborhood: Williamsburg, Brooklyn
- Subway: 2-minute walk to Flushing Av (G); 8 minutes to Myrtle-Willoughby Avs (G)
- Amendments: 6, the latest in December 2020
- Units
- 16 residential · 1 commercial
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 2 min walk to Flushing Av GMyrtle-Willoughby Avs G, 8 min
- Offering price
- $16.7 million total $13.2 million when first offered
- SubmittedMay 2019
- AcceptedApril 2019
- 6 amendments
- First sale
- Latest sale
Sales
From city records (ACRIS), through Aug 31, 2026.
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 →The Building
Amendments
Amendment 6 Dec 30, 2020
This sixth amendment reports that the first unit closed in December 2019, the building's certificate of occupancy and condominium declaration were issued and recorded, unit owners took control of the board in August 2020, the building's mortgage was paid off, and the sponsor's remaining units and budget are described.
- Sponsor no longer controls the Board; unit owners elected a new Board in August 2020
- Mortgage on the Building paid off and released; no longer subject to any mortgage or liens
- Title to the first unit closed December 26, 2019
- Final certificate of occupancy issued November 26, 2019 (CO number 321105647F)
- Declaration of Condominium recorded December 16, 2019 (CRFN#: 2019000410172)
- Working capital fund of $8,339.25 deposited; $926.58 deposited in reserve fund sub account
- No financial statements yet available; budget (Exhibit B) not changed since last amendment
- Sponsor retains one community facility (not for sale) and seven parking units P1-P7, rented for $2,100 a month
Amendment 4 Jan 3, 2020
This fourth amendment sets new offering prices for units 5F ($700,000) and 7F ($650,000) and states there are no other material changes to the plan.
- Offering price of unit 5F set to $700,000
- Offering price of unit 7F set to $650,000
- No other material changes to the Offering Plan
Team
- Sponsor
- 577 Flushing Condos LLC
- Construction lender
- Levon CapitalLender on the mortgage and building loan agreement recorded May 2019 in ACRIS
- General contractors
- Empire Management & Con*, J&C BoinimHeld the general construction permit on DOB job 321105647
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7-1
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 37 Walton Street Condominium0.1 mi · 24 units · 2026
- 70 Lorimer Street Condominium0.1 mi · 47 units · 2016
- 322 Wallabout Street Condominium0.1 mi · 38 units · 1 parking · 2024
- 330 Wallabout Street Condominium0.1 mi · 48 units · 1 parking · 2024
- 40 Middleton Street Condominium0.1 mi · 12 units · 2003
- 399 Marcy Avenue Condominium0.1 mi · 4 units · 2006
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