THE CONDO BOOK PROJECT

633 Macon Street Condominium

633 Macon Street, Brooklyn, NY 11233

Compare

Overview

633 Macon Street is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted October 2018
  • Prices: $1,042 a square foot on average, as first offered; $3.73 million in all ($3.67 million when first offered)
  • Common charges: $421–$782 a month, the sponsor's first-year estimate
  • Sponsor: 633 Macon 2016, LLC, represented by Phyllis Marie Kamysek, Pllc
  • Subway: 10-minute walk to Ralph Av (C); 11 minutes to Utica Av (A, C)
  • Amendments: 8, the latest in January 2022
  1. SubmittedNovember 2019
  2. AcceptedOctober 2018
  3. 8 amendments
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

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 →

Amendments

Amendment 8 2022

This Eighth Amendment removes the plan-effectiveness and Certificate of Occupancy conditions from purchase agreements, extends the plan by twelve months, and updates the closing history, unsold unit schedule, and 2022 budget.

  • Purchase agreements no longer contingent on the plan being declared effective or on a Certificate of Occupancy; Temporary Certificate of Occupancy attached as Exhibit 3
  • Terms of the Offering Plan extended for an additional twelve months from the date of this amendment
  • First Closing occurred November 1, 2021 (Unit 3); Unit 4 closed November 24, 2021
  • Unsold units schedule (Exhibit 1) lists Unit 1 at $1,195,000 and Unit 2 at $795,000
  • Unsold units are presently vacant and subject to a first mortgage of approximately $525,000.00 at 10% from USC 633 Macon LLC, to be satisfied upon the next sale
  • Condominium Board remains in control of Sponsor's manager, Nigel Boyden
  • Sponsor manages the condominium association at no expense until all units are sold
  • 2022 Annual Budget (Exhibit 2) is the same as in the 7th Amendment

Amendment 6 2021

This amendment declares the plan effective on March 25, 2021 after one unit was sold, sets current prices, common charges and projected real estate taxes for each unit in Exhibit B, and extends the Plan's term by six months.

  • Plan declared effective March 25, 2021, based on purchase agreements for Unit 2, representing 25% of units offered for sale
  • Current sales prices, common charges and projected real estate taxes for each unit set in Exhibit B (Schedule A)
  • Unit prices: Unit 1 $1,195,000; Unit 2 $795,000; Unit 3 $745,000; Unit 4 $995,000; total $3,730,000
  • Term of the Plan extended for six (6) months from the date of the amendment
  • Projected first year of condominium operation as of July 1, 2021

Amendment 5 2021

This amendment changes the purchase prices of certain units to the amounts listed in Exhibit A and states that there are no other material changes to the property or the plan.

  • Purchase prices of certain units changed to the amounts in Exhibit A
  • Unit 1 price: $1,195,000
  • Unit 2 price: $795,000
  • Unit 3 price: $745,000
  • Unit 4 price: $995,000
  • Total for all four units: $3,730,000
  • No other material changes to the property or the Offering Plan

Amendment 4 2021

This amendment delays the projected first year of condominium operation and first unit closing to July 1, 2021 because of covid-19 construction delays, revises the purchase prices and first-year budget, and extends the plan's term by six months.

  • Certificate of Occupancy or Temporary Certificate of Occupancy expected by June 1, 2021, due to covid-19 construction delays
  • First year of condominium operation projected for July 1, 2021
  • First unit closing expected on or around July 1, 2021; purchasers get a right of rescission if the first closing occurs twelve months after the projected date
  • If the first closing occurs before July 1, 2022, the Sponsor may schedule other closings significantly later; unless the Purchase Agreement has an outside closing date, no closing date is guaranteed
  • Purchase prices changed for certain units per revised Schedule A: Unit 1 $1,195,000; Unit 2 $795,000; Unit 3 $715,000; Unit 4 $960,000; total $3,665,000
  • First-year budget updated for changed projected insurance costs; insurance $8,500.00; total expenses $27,330.00
  • Real estate taxes estimated at $16,063 annually for the entire building, based on an estimate by Gerald Mazursky
  • Term of the plan extended for six months from the date of the amendment

Amendment 3 2020

This amendment raises the purchase prices of certain units to the amounts in Exhibit A, priced as of August 24, 2020, and states there are no other material changes to the plan.

  • Purchase prices of certain units raised to the Exhibit A amounts (prices as of August 24, 2020)
  • Unit 1 $1,195,000; Unit 2 $825,000; Unit 3 $775,000; Unit 4 $995,000; totals $3,790,000
  • No other material changes; the Offering Plan as amended remains in full force and effect

Amendment 1 Mar 16, 2020

This amendment switches heat, hot water and appliances from gas to electric, moves the escrow account to Capital One Bank, sets the first year of operation and first unit closing for July 1, 2020 with a rescission right tied to that date, updates the budget and unit schedules, and extends the Plan by six months.

  • Gas service replaced with electric for heat, hot water and appliances, due to a National Grid moratorium on new gas service; estimated utilities changed
  • First year of condominium operation now projected to begin July 1, 2020
  • First unit closing now expected on or around July 1, 2020; rescission right if first closing is 12 months or more after that date
  • Escrow account changed from HSBC to Capital One Bank, 277 Broadway, New York, New York
  • Schedule B first-year budget and footnotes updated
  • Schedule A and Schedule B to Declaration revised: minor square footage change to Unit 1 lower level; annual unit charge computation error corrected
  • Architect's report updated to show as-built modifications
  • Plan term extended for six months
What each amendment changed, line by lineSee it free →

Team

Sponsor
633 Macon 2016, LLC
Construction lender
USCLender on the mortgage and building loan agreement recorded May 2018 in ACRIS; $2.4 million recorded

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

Free in ChatGPT or Claude

Ask Claude or ChatGPT about 633 Macon Street

The fastest way to know any condo or co-op

Get Connected →
The Condo Book Project What does the offering plan say about subletting at 633 Macon Street? Who were 633 Macon Street's sponsor, attorney and architect?
Free: all 4 units, every sale, property taxesSee it free