68 Commercial Street Condominium
68 Commercial Street, Brooklyn, NY 11222
Overview
68 Commercial Street is a 3-unit condo in Brooklyn.
- Offering plan: Accepted December 2023 · 349 pages · floor plans on page 33
- Finishes: Laminate kitchen countertops, Frigidaire appliances, washer/dryer hook-ups, American Standard bathroom fittings and ducted heat pumps for heating and cooling
- Prices: $1,867 a square foot on average, as first offered; $9.99 million in all ($8.8 million when first offered)
- Common charges: $999–$2,253 a month, the sponsor's first-year estimate
- Sponsor: 68 Commercial Street LLC, represented by Getler, Gomes & Sutton, PC; principals Elazar Orlofsky
- Neighborhood: Greenpoint, Brooklyn
- Subway: 9-minute walk to Greenpoint Av (G); 13 minutes to Vernon Blvd-Jackson Av (7)
- Amendments: 5, the latest in December 2025
- Units
- 3 residential
- Neighborhood
- Greenpoint, Brooklyn
- Subway
- 9 min walk to Greenpoint Av GVernon Blvd-Jackson Av 7, 13 min
- Principals
- Elazar Orlofsky
- Average $/sf
- $1,867Homes in Schedule A, as first offered
- Common charges
- $999–$2,253 a monthSponsor's first-year estimate in Schedule A, December 1, 2024 To November 30, 2025
- Offering price
- $9.99 million total $8.8 million when first offered
- Floor plans
- Page 33 of the plan
- SubmittedSeptember 2024
- AcceptedDecember 2023
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
2 of 3homes sold (67%)
From city records (ACRIS), through Jan 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 2 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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Jun 17, 2025
Amendment updates energy usage projections, common charges budget, occupancy status, and discloses a reciprocal license agreement with an adjacent property owner.
- First closing completed January 16, 2025 for Unit 2; second closing January 27, 2025 for Unit 1
- Common charges for first year increased from $61,512.12 to $68,677.12 due to revised electricity, water, and insurance estimates
- Unit 1 annual common charge raised from $22,489.73 to $25,109.36; Unit 2 from $11,982.00 to $13,377.68; Unit PH from $27,040.39 to $30,190.08
- Temporary Certificate of Occupancy issued April 28, 2025 for all three units; valid through July 27, 2025; Final Certificate expected by end of August 2025
- Reciprocal license agreement with adjacent property owner (Clay Properties LLC) disclosed; neighbor construction expected June 1 to October 2026 with scaffolding and protections at Condominium
- Energy usage revised for all units due to actual post-occupancy consumption; heating costs increased significantly
- Architect's Report addendum annexed reflecting revised finishes and equipment in units and outdoor areas
- Offering period extended one year
Amendment 3 Nov 27, 2024
Unit 2 purchase price changed to $2,000,000.00.
- Unit 2 purchase price set to $2,000,000.00
- Unit 2 monthly common charges: $998.50
- Unit 2 annual common charges: $11,982.01
- Unit 2 monthly projected real estate taxes: $503.83
- Unit 2 annual projected real estate taxes: $6,045.92
- Schedule A prices increased for 1 home (median +8.1%): 2 $1,850,000 → $2,000,000
Amendment 2 Dec 11, 2024
Plan declared effective after one unit purchase agreement signed; Common Interest percentage corrected for penthouse unit; filing period extended one year.
- Plan declared effective December 11, 2024; one of three units (33.33%) under purchase agreement as of October 28, 2024
- First Closing expected January 2025
- Temporary Certificate of Occupancy issued November 8, 2024 for all three residential units
- Sponsor deposits $5,000.00 in escrow for permanent certificate of occupancy costs
- Unit PH Common Interest percentage reduced to 43.9558% to correct 0.0036% overage
- Offering plan filing period extended one year
Amendment 1 Sep 12, 2024
Purchase prices changed for Unit 1 and Penthouse unit.
- Unit 1 price raised to $3,495,000.00
- Penthouse unit price raised to $4,500,000.00
- Schedule A prices increased for 2 homes (median +13.9%): 1 $3,295,000 → $3,495,000; PH $3,950,000 → $4,500,000
Team
- Sponsor
- 68 Commercial Street LLC
- Principals
- Elazar Orlofsky
- Counsel
- Getler, Gomes & Sutton, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Skybrook Capital
- General contractor
- Yellow Hat ConstructionHeld the general construction permit on DOB NOW job B00712301
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- M1-2/R6
- Special district
- Special Mixed Use District (MX-8) (MX-8)
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 54 Dupont Street Condominium0.1 mi · 6 units · 2023
- Manhattan Belle Condominium0.1 mi · 6 units · 2025
- Box Street Condominiums0.1 mi · 16 units · 13 parking · 2020
- 83 Eagle Street Condominium0.1 mi · 4 units · 2019
- Belvedere Xc Condominium0.2 mi · 8 units · 2020
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