THE CONDO BOOK PROJECT

65-70 Booth Street

65-70 Booth Street, Queens, NY 11374

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Overview

65-70 Booth Street is a co-op conversion in Queens.

  • Offering plan: Accepted April 1986 · 254 pages · floor plans on page 12
  • Prices: $4.16 million in all
  • Sponsor: Brg Rego Park LLC, represented by Sonnenschein, Sherman & Deutsch, LLP
  • Subway: 6-minute walk to 67 Av (M, R); 7 minutes to 63 Dr-Rego Park (M, R)
  • Amendments: 15, the latest in June 2024
  • Other filings: C830249 (co-op plan, filed 1983, rejected), C840375 (co-op plan, filed 1984, withdrawn)
  1. SubmittedJune 1985
  2. AcceptedApril 1986
  3. 15 amendments

First-Year Budget

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Property Taxes

The city's tax bill for this co-op building, and any tax breaks.

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Amendments

Amendment 13 Apr 9, 2014

This amendment updates the unsold apartments held by BRG Rego Park LLC, raises maintenance to $1.70 per share per month as of April 1, 2014, and replaces the escrow and Contract of Sale provisions.

  • Unsold shares (4,510 shares, twelve apartments) held by BRG Rego Park LLC may continue to be offered for sale, with prices and terms negotiated individually
  • Maintenance increased by 2%, to $1.70 per share per month, as of April 1, 2014
  • Escrow Agent designated as Sonnenschein, Sherman & Deutsch LLP, with a non-interest bearing escrow account at JP Morgan Chase Bank
  • Escrow account FDIC-insured at the maximum amount under current law of $100,000
  • Attorney General authority to adjudicate disputes over deposits eliminated; revised escrow provisions apply to purchasers without a fully executed Contract of Sale before service of this amendment
  • Revised Contract of Sale attached as Exhibit E
  • Mortgage refinanced with National Cooperative Bank on September 1, 2011: $1,700,000 principal, maturing September 1, 2021, plus a $500,000 line of credit
  • 2014 budget attached as Exhibit D; certified financial statements for 2009 through 2012 attached as Exhibit C; 2013 statement not yet provided
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Team

Sponsor
Brg Rego Park LLC

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Zoning

Zoning district
R7-1

Today's zoning, from city data (PLUTO 26v2).

Nearby

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