58 Gerry Street Condominium
58 Gerry Street, Brooklyn, NY 11206
Overview
58 Gerry Street is a 23-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted May 2020 · 431 pages · floor plans on page 27
- Finishes: 10-foot ceilings, quartz kitchen countertops, Miton Cucine cabinets, GE and Blomberg appliances, washer/dryer hook-ups, Delta bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $749 a square foot on average, as first offered; $39.4 million in all ($34.1 million when first offered)
- Sponsor: 58 Gerry St LLC, represented by Law Firm Of Jay Lichtman P.C.; principals Abraham Brach
- Neighborhood: Williamsburg, Brooklyn
- Subway: 3-minute walk to Flushing Av (G); 5 minutes to Lorimer St (J, M)
- Amendments: 3, the latest in May 2021
- Units
- 23 residential · 1 commercial
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 3 min walk to Flushing Av GLorimer St J M, 5 min
- Principals
- Abraham Brach
- Average $/sf
- $749Homes in Schedule A, as first offered
- Offering price
- $39.4 million total $34.1 million when first offered
- Floor plans
- Page 27 of the plan
- SubmittedJuly 2020
- AcceptedMay 2020
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2026.
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 for 7 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 2 Feb 12, 2021
Unit C1 offering price changed to $5,250,000.
Amendment 1 Jul 31, 2020
Amendment adds FinCEN reporting requirement for certain cash purchases, declares plan effective with 4 units sold, and extends plan term by 6 months.
- FinCEN Geographic Targeting Order disclosure added for cash purchases of residential property $300,000+ by business entities without bank financing
- Plan declared effective as of July 27, 2020 with 4 units (17% of residential units) under executed Purchase Agreements
- Plan term extended 6 months from amendment date
- First unit closing delayed until amendment is accepted for filing by Department of Law
Team
- Sponsor
- 58 Gerry St LLC
- Principals
- Abraham Brach
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- 58 Gerry Street 1
- General contractors
- Parkview Builders, B T General BuildersHeld the general construction permit on DOB job 321547395
- Buyer's lenders
- ABC Mortgage Corp, Meadowbrook Financial MortgageThe sponsor's preferred mortgage lenders; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 263
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 66 Gerry Street Condominiumnext door · 3 units · 2026
- 60 Gerry Street Condominiumnext door · 3 units · 2026
- 25 Bartlett Condominiumnext door · 18 units · 2020
- 77 Gerry Street Condominiumnext door · 4 units · 2025
- 16 Bartlett Street Condominiumnext door · 10 units · 2020
- 352 Wallabout Street Condominiumnext door · 58 units · 1 parking · 2024
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