THE CONDO BOOK PROJECT

675 Lafayette Avenue Condominium

675 Lafayette Avenue, Brooklyn, NY 11216

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Overview

675 Lafayette Avenue is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted May 2017 · 292 pages · floor plans on pages 189–193
  • Finishes: Engineered wood floors, quartz kitchen countertops, Fisher & Paykel and Bosch appliances and washer/dryer hook-ups
  • Prices: $1,013 a square foot on average, as first offered; $3.71 million in all ($3.49 million when first offered)
  • Common charges: $291–$444 a month, the sponsor's first-year estimate
  • Sponsor: 675 Lafayette Residences LLC, represented by Raphael And Marks Attorneys At Law
  • Subway: 5-minute walk to Bedford-Nostrand Avs (G); 9 minutes to Myrtle-Willoughby Avs (G)
  • Amendments: 2, the latest in September 2017
  1. SubmittedJuly 2017
  2. AcceptedMay 2017
  3. 2 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 Aug 31, 2024.

First-Year Budget

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Ask Claude or ChatGPT: How do 675 Lafayette Avenue's common charges compare with similar buildings? →

Property Taxes

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

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 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Aug 10, 2017

Second Amendment declares the Plan effective, corrects Unit 4 square footage, updates Architect's Report, and provides FinCEN disclosure requirements.

  • Plan declared effective as of August 10, 2017
  • One Purchase Agreement executed representing 25% of residential units
  • Unit 4 square footage corrected from 764 sq. ft. to 754 sq. ft.
  • Revised Architect's Report and Schedule A and B attached
  • Tax Lot numbers added for Units 1-4
  • FinCEN disclosure regarding legal entity purchasers and cash transactions effective September 22, 2017 through March 20, 2018

Amendment 1 Jul 11, 2017

Purchase prices changed for four units.

  • Unit 1 price: $996,450
  • Unit 2 price: $971,250
  • Unit 3 price: $876,750
  • Unit 4 price: $866,250
What each amendment changed, line by lineSee it free →

Team

Sponsor
675 Lafayette Residences LLC
Tax estimate
The Mazursky Group, Inc.Prepared the first-year real estate tax projection
MEP engineer
TSF Engineering, PCMechanical, electrical and plumbing · Named on p. 44

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 675 Lafayette Avenue's common charges high for the area? No, they're on the low side. 675 Lafayette Avenue budgets $0.40 per square foot a month, against a $0.48 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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