608 St. Marks Avenue Condominium
608 St. Marks Avenue, Brooklyn, NY 11216
Overview
608 St. Marks Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted July 2021 · 272 pages · floor plans on pages 202–207
- Finishes: 8'11" ceilings, wood floors, stone kitchen countertops, wood cabinets, Blomberg, Bertazzoni and Bosch appliances, a washer and dryer in each apartment and Delta bathroom fittings
- Prices: $1,363 a square foot on average, as first offered; $5.88 million in all ($2.5 million when first offered)
- Sponsor: 608 St. Marks LLC, represented by Eial Girtz, PC; principals Herbert Tepfer and Sharon Tepfer
- Subway: 5-minute walk to Park Pl (S); 8 minutes to Nostrand Av (A, C)
- Amendments: 2, the latest in July 2022
- Units
- 4 residential
- Subway
- 5 min walk to Park Pl SNostrand Av A C, 8 min
- Principals
- Herbert Tepfer, Sharon Tepfer
- Average $/sf
- $1,363Homes in Schedule A, as first offered
- Offering price
- $5.88 million total $2.5 million when first offered
- Floor plans
- Pages 202–207 of the plan
- SubmittedMarch 2022
- AcceptedJuly 2021
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2022.
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 for 4 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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jul 19, 2022
Amendment extends the plan for 6 months and updates condominium status including final certificate of occupancy, tax assessments, closings, and financial information.
- Plan extended for 6 months
- Final Certificate of Occupancy obtained June 21, 2022
- Units 3 and 4 closed; Units 1 and 2 in contract
- First closing (Unit 3) on June 30, 2022 at Brickner Makow, LLP
- Common charges: Unit 1 $792.69, Unit 2 $247.46
- Real estate taxes finalized on or about July 1, 2022
- Construction financing of $999,999.00 paid in full; no units pledged
- Common charges collection commenced July 1, 2022
Amendment 1 Feb 9, 2022
Plan declared effective, prices increased for all units, Unit 2 square footage corrected, and J-51 tax abatement disclosure added.
- Plan declared effective February 9, 2022 based on 1 unit contract (25% of 4 units)
- Unit 1 price increased from $1,400,000.00 to $1,650,000.00
- Unit 2 price increased from $1,100,000.00 to $1,250,000.00
- Unit 3 price increased from $1,100,000.00 to $1,300,000.00
- Unit 4 price increased from $1,450,000.00 to $1,675,000.00
- Unit 2 square footage changed from 905 sq. ft. to 926 sq. ft.
- Sponsor will make J-51 tax abatement application upon Temporary Certificate of Occupancy
- Revised floor plans and engineer's report addendum attached showing as-built condition
- Schedule A prices increased for 3 homes (median +17.9%): 1 $1,400,000 → $1,650,000; 3 $1,100,000 → $1,300,000; 4 $1,450,000 → $1,675,000
Team
- Sponsor
- 608 St. Marks LLC
- Principals
- Herbert Tepfer, Sharon Tepfer
- Counsel
- Eial Girtz, PC
- Tax estimate
- Law Offices of Farhid Sedaghat - Pour, Esq., PLLCPrepared the first-year real estate tax projection
- Construction lender
- Velocity Commercial Capital$999,999 loan stated in the plan
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
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- 1006 Bergen Street Condominiumnext door · 4 units · 2023
- 984 Bergen Street Condominiumnext door · 4 units · 2023
- 974 Bergen Street Condominiumnext door · 3 units · 1 parking · 2025
- 1007 Bergen Street Condominiumnext door · 4 units · 2020
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