7 Whipple Street Condominium
7 Whipple Street, Brooklyn, NY 11206
Overview
7 Whipple Street is a 24-unit condo in Brooklyn, with 1 storage unit.
- Offering plan: Accepted July 2020 · 388 pages · floor plans on page 36
- Finishes: Hardwood floors, Whirlpool appliances, washer/dryer hook-ups and Delta bathroom fittings
- Prices: $14.2 million in all ($22.7 million when first offered)
- Common charges: $113–$582 a month, the sponsor's first-year estimate
- Developer: Stone Edge Holdings LLC; principals Joel Schwartz and Sheindy Schwartz
- Sponsor: Whipple Properties LLC, represented by The Law Office Of Jay Lichtman, P.C.
- Neighborhood: Williamsburg, Brooklyn
- Subway: 5-minute walk to Flushing Av (G); 6 minutes to Flushing Av (J, M)
- Amendments: 1, the latest in August 2020
- Units
- 24 residential · 1 storage
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 5 min walk to Flushing Av GFlushing Av J M, 6 min
- Developer
- Stone Edge Holdings LLC
- Principals
- Joel Schwartz, Sheindy Schwartz
- Common charges
- $113–$582 a monthSponsor's first-year estimate in Schedule A, January 1, 2020-December 31, 2020
- Offering price
- $14.2 million total $22.7 million when first offered
- Floor plans
- Page 36 of the plan
- SubmittedAugust 2020
- AcceptedJuly 2020
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Aug 20, 2020
Amendment adds disclosure of FinCEN Currency Transaction Report requirements and New York State tax law changes affecting closing costs, declares the plan effective with 5 units sold, and extends the plan term by six months.
- FinCEN Currency Transaction Report requirement for certain business entity purchases of $300,000+ without bank financing using cash or checks
- Real Estate Transfer Tax (Base Tax) increased from 0.4% to 0.65% for purchases of $3,000,000 or more
- New Supplemental Tax on purchases of $2,000,000 or more, ranging from 0.25% to 2.90% depending on purchase price
- Plan declared effective as of August 18, 2020 with 5 executed purchase agreements (20% of residential units)
- First unit closing cannot occur until this amendment is accepted for filing by Department of Law
- Plan term extended six months from amendment date
Team
- Sponsor
- Whipple Properties LLC
- Developer
- Stone Edge Holdings LLC
- Principals
- Joel Schwartz, Sheindy Schwartz
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$15.9 million recorded
- General contractor
- Sunshine Constr USAHeld the general construction permit on DOB job 321285275
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 254
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 30 Bartlett Street Condominiumnext door · 6 units · 2025
- 16 Bartlett Street Condominiumnext door · 10 units · 2020
- 684 Flushing Avenue Condominiumnext door · 8 units · 2025
- 25 Bartlett Condominiumnext door · 18 units · 2020
- 66 Gerry Street Condominiumnext door · 3 units · 2026
- 60 Gerry Street Condominiumnext door · 3 units · 2026
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