THE CONDO BOOK PROJECT

71 Lexington Avenue Condominium

71 Lexington Avenue, Brooklyn, NY 11238

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Overview

71 Lexington Avenue is a 5-unit condo in Brooklyn.

  • Offering plan: Accepted October 2006 · 281 pages · floor plans on page 19
  • Finishes: Wood floors, granite kitchen countertops, wood cabinets, GE appliances, washer/dryer hook-ups, Gerber bathroom fittings and central forced air for heating and cooling
  • Prices: $501 a square foot on average, as first offered; $2.37 million in all
  • Common charges: $219–$346 a month, the sponsor's first-year estimate
  • Sponsor: Lexington Avenue Enterprises, LLC, represented by Kalter, Kaplan, Zeiger & Forman; principals Nahman Lichtenstein
  • Subway: 3-minute walk to Classon Av (G); 8 minutes to Bedford-Nostrand Avs (G)
  • Amendments: 3, the latest in February 2008
  1. SubmittedOctober 2007
  2. AcceptedOctober 2006
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

5 of 5homes sold (100%)
Every sale: 5 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 71 Lexington 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 3 Feb 29, 2008

Price of one unsold unit updated.

Amendment 2 Oct 26, 2007

Price of Unit 5 amended to $570,000.00

Amendment 1 Oct 12, 2007

First amendment disclosing closing of first unit, building occupancy, condominium declaration recording, working capital deposit, sponsor financial status, and clarification of Unit 3 staircase as part of the unit.

  • First unit closed on May 1, 2007
  • Permanent Certificate of Occupancy issued April 19, 2007
  • Declaration of Condominium recorded March 23, 2007
  • Working capital fund of $4,920.35 deposited at Washington Mutual Bank
  • Sponsor retains ownership of two units; two unsold units priced at $510,000.00 and $480,000.00
  • Sponsor's attorney address changed to 4309 13th Avenue Brooklyn, NY 11219
  • Unit 3 staircase and enclosed area clarified as part of the unit
  • Plan declared effective May 1, 2007 with one executed Purchase Agreement (20% of units)
What each amendment changed, line by lineSee it free →

Team

Sponsor
Lexington Avenue Enterprises, LLC
Principals
Nahman Lichtenstein
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection
General contractors
Boro Star Mangmnt, 945a Lafayette AveHeld the general construction permit on DOB job 301436667
Title agency
Reliable Abstract Co. LLCThe sponsor's title company for buyers; you can choose another · Named on p. 47

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 71 Lexington Avenue's common charges high for the area? Yes, they're on the high side. 71 Lexington Avenue budgets $0.33 per square foot a month, against a $0.28 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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