659 Putnam Avenue Condominium
659 Putnam Avenue, Brooklyn, NY 11221
Overview
659 Putnam Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted September 2020 · 320 pages · floor plans on pages 152–153
- Finishes: Hardwood floors, quartz kitchen countertops, Fabuwood cabinets, Frigidaire, GE and Whirlpool appliances, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,120 a square foot on average, as first offered; $3.68 million in all ($2 million when first offered)
- Common charges: $229–$250 a month, the sponsor's first-year estimate
- Developer: ANM Group; principals Moses Gross
- Sponsor: Putnam Vi Realty LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.
- Subway: 12-minute walk to Utica Av (A, C); 14 minutes to Kingston-Throop Avs (C)
- Amendments: 5, the latest in September 2023
- Units
- 4 residential
- Subway
- 12 min walk to Utica Av A CKingston-Throop Avs C, 14 min
- Developer
- ANM Group
- Principals
- Moses Gross
- Average $/sf
- $1,120Homes in Schedule A, as first offered
- Common charges
- $229–$250 a monthSponsor's first-year estimate in Schedule A, 1/1/2021 - 12/31/2021
- Offering price
- $3.68 million total $2 million when first offered
- Floor plans
- Pages 152–153 of the plan
- SubmittedAugust 2021
- AcceptedSeptember 2020
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 31, 2026.
First-Year Budget
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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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 5 Aug 14, 2023
Budget updated for January 1, 2024 commencement of condominium operations, temporary certificate of occupancy issued, and offering plan extended by six months.
- Budget projected for January 1, 2024 commencement of condominium operations
- Temporary certificate of occupancy issued August 4, 2023
- Offering plan terms extended for six (6) months
- First year budget projects $12,456.00 in common charges income and $12,456.00 in expenses
- First closing anticipated by July 1, 2023
Amendment 4 Jan 31, 2023
Budget updated for July 1, 2023 commencement, rescission rights offered to purchasers, and offering plan term extended six months.
- Budget updated for projected condominium operations commencement July 1, 2023
- Rescission rights offered to all purchasers; 15-day exercise period after notification
- Purchasers entering contract after amendment get rescission right if first closing delayed past July 1, 2024
- Offering plan term extended six months
- First year budget: $12,456.00 common charges projected income, matching $12,456.00 in expenses
- If budget projections increase 25% or more, purchasers offered additional 15-day rescission period
Amendment 3 Mar 30, 2022
Budget updated to reflect July 1, 2022 commencement of condominium operations, and offering plan term extended six months.
- Budget projected commencement date moved to July 1, 2022
- First closing expected by July 1, 2022
- Offering plan term extended six (6) months
- Common charges $12,456.00 for first year (7/1/2022 - 6/30/2023)
- Rescission rights triggered if closing delayed 12 months beyond July 1, 2022
Amendment 2 Jun 1, 2022
Prices of four units updated.
- Unit 1 price: $1,150,000.00
- Unit 2 price: $840,000.00
- Unit 3 price: $875,000.00
- Unit 4 price: $840,000.00
Amendment 1 Jul 26, 2021
Budget updated for condominium operations starting January 1, 2022; first closing deadline extended to July 7, 2023 due to COVID-19 executive order tolling period; purchaser now pays transfer taxes.
- Budget updated for operations year 1/1/2022 - 12/31/2022 with common charges $12,456.00
- First closing deadline extended to July 7, 2023 (instead of December 31, 2021)
- Purchaser to pay Real Property Transfer Tax to City & State of New York
- Tolling period for first closing is 554 days due to COVID-19 Executive Order expiring June 24, 2021 plus 120 days
- Offering plan terms extended for six (6) months
Team
- Sponsor
- Putnam Vi Realty LLC
- Developer
- ANM Group
- Principals
- Moses Gross
- Tax estimate
- Empire Consulting Service, IncPrepared the first-year real estate tax projection
- Construction lender
- Bayport Funding$1.78 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
- 667 Putnam Avenue Condominiumnext door · 4 units · 2018
- 569 Jefferson Condominiumnext door · 3 units · 2021
- 482 Hancock Street Condominium0.1 mi · 3 units · 2026
- 583 Putnam Avenue Condominium0.2 mi · 4 units · 2024
- 581 Putnam Avenue Condominium0.2 mi · 4 units · 2016
- 465 Hancock Street Condominium0.2 mi · 4 units · 2026
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