THE CONDO BOOK PROJECT

684 Madison Street Condominium (The Residences at 684 Madison)

684 Madison Street, Brooklyn, NY 11221

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Overview

The Residences At 684 Madison is an 8-unit condo in Brooklyn, with 8 storage units.

  • Offering plan: Accepted December 2019 · 216 pages · floor plans on pages 142–148
  • Finishes: Bosch appliances, washer/dryer hook-ups and through-wall PTAC units for heating and cooling
  • Prices: $1,190 a square foot on average, as first offered; $7.65 million in all ($7.42 million when first offered)
  • Sponsor: 684 Madison St, LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.; principals Jonathan Ahdoot, Michael Kandhorov and Michael Kandinov
  • Neighborhood: Bedford-Stuyvesant, Brooklyn
  • Subway: 12-minute walk to Gates Av (J, Z); 12 minutes to Kosciuszko St (J)
  • Amendments: 1, the latest in May 2020
  1. SubmittedMay 2020
  2. AcceptedDecember 2019
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Oct 31, 2025.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do The Residences At 684 Madison's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 1 home.

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

Amendments

Amendment 1 May 26, 2020

Plan declared effective after purchase agreements accepted for two residential units (25% of total units).

  • Purchase agreements accepted for units 1B and 2A, constituting 25.00% of residential units
  • Selling agent designated: Daniel Kandinov of Corcoran Group, 30 Irving Place, New York, NY 10003
  • Plan declared effective by notice dated May 26, 2020
What the amendment changed, line by lineSee it free →

Team

Sponsor
684 Madison St, LLC
Principals
Jonathan Ahdoot, Michael Kandhorov, Michael Kandinov
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 CapitalLender on the mortgage and building loan agreement recorded June 2018 in ACRIS; $3.8 million recorded
General contractor
M-Azad ConstructionHeld the general construction permit on DOB job 320623688

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 The Residences At 684 Madison's common charges high for the area? They're in line. The Residences At 684 Madison budgets $0.52 per square foot a month, against a $0.51 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?