THE CONDO BOOK PROJECT

617 Warren Street Condominium

617 Warren Street, Brooklyn, NY 11217

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Overview

617 Warren Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted September 2021 · 400 pages · floor plans on page 98
  • Finishes: Engineered wood floors, granite kitchen countertops, Viking and Bosch appliances, a washer and dryer in each apartment, Kohler bathroom fittings and split-system units for heating and cooling
  • Prices: $1,413 a square foot on average, as first offered; $7.08 million in all ($6.15 million when first offered)
  • Common charges: $286–$571 a month, the sponsor's first-year estimate
  • Sponsor: 617 Warren LLC, represented by Certilman Balin Adler & Hyman, LLP; principals Aran Scott, Paula Stolowicz Ras and Daniel Ary Ehrlich Goldstein
  • Subway: 5-minute walk to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R); 6 minutes to Bergen St (2, 3)
  • Amendments: 2, the latest in March 2023
  1. SubmittedDecember 2022
  2. AcceptedSeptember 2021
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 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 617 Warren Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 3 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 →

Amendments

Amendment 2 Mar 21, 2023

Plan declared effective after purchasers waived rescission rights, and offering period extended six months.

  • Plan declared effective on March 15, 2023
  • Purchase agreements executed for 2 of 3 residential units (66.67%)
  • Offering plan extended for 6 months from amendment filing date

Amendment 1 2023

Amendment grants rescission rights, revises unit prices and closing date to July 1, 2023, updates budget and taxes, and discloses architectural changes including lot line windows and easements.

  • Rescission right granted to all purchasers in contract; 15-day window to rescind
  • First closing and condominium operation commencement moved to July 1, 2023
  • Offering prices revised; see Exhibit A for new prices
  • First year of condominium operation: July 1, 2023 to June 30, 2024
  • Condominium budget updated for revised first-year period; Exhibit B
  • Real estate tax estimates updated; estimated total tax liability $14,033 for first year
  • Rooftop barbeque and sink relocated in Units #2 and #3
  • Lot line windows disclosed at east lot line wall; do not provide legal light and air
What each amendment changed, line by lineSee it free →

Team

Sponsor
617 Warren LLC
Principals
Aran Scott, Paula Stolowicz Ras, Daniel Ary Ehrlich Goldstein
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Title agency
Millennium Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 75

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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The Condo Book Project Are 617 Warren Street's common charges high for the area? No, they're on the low side. 617 Warren Street budgets $0.25 per square foot a month, against a $0.40 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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