THE CONDO BOOK PROJECT

712 6th Avenue Condominium

712 6th Avenue, Brooklyn, NY 11215

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Overview

712 6th Avenue is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted January 2008 · 176 pages · floor plans on page 97
  • Prices: $759 a square foot on average, as first offered; $4.6 million in all
  • Common charges: $167–$238 a month, the sponsor's first-year estimate
  • Sponsor: 712 6th Avenue, LLC, represented by Harold L. Gruber, P.C.; principals Abraham Sigman
  • Subway: 9-minute walk to 25 St (R); 12 minutes to Prospect Av (R)
  • Amendments: 3, the latest in January 2009
  1. SubmittedFebruary 2008
  2. AcceptedJanuary 2008
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

7 of 8homes sold (88%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through May 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 712 6th 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 3 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Jan 22, 2009

Amendment updates the offering plan with post-closing information including the first unit closing date, condominium declaration filing date, certificate of occupancy, and sponsor's retained unsold units.

  • First unit closing occurred November 13, 2008
  • Condominium Declaration filed October 20, 2008
  • Permanent Certificate of Occupancy obtained June 11, 2008
  • Working capital fund of $2,920.00 maintained at Citibank N.A.
  • Sponsor retains 3 unsold units: Unit 2 (14.67%), Unit 5 (11.41%), Unit 6 (11.41%)
  • First Board of Managers election meeting anticipated April 15, 2009
  • Offering plan extended for additional 6 months

Amendment 2 May 6, 2008

Reallocates common elements to individual units: storage area and rear yard to Unit 2, front roof area to Unit 8.

  • Accessory Storage A (cellar) reallocated from common element to Unit 2
  • Entire rear yard reallocated to Unit 2 as limited common element
  • Entire front roof area (Roof Area A) reallocated to Unit 8 as limited common element
  • Unit 2 owner responsible for storage maintenance; condominium retains access rights
  • Unit 2 owner responsible for rear yard maintenance; no permanent structures allowed except patios and fences
  • Unit 8 owner responsible for roof maintenance; condominium retains structural responsibility; unit owner may install protective decking without Board approval
  • Revised Floor Plans attached as Exhibit I

Amendment 1 Mar 25, 2008

Plan declared effective after acceptance of two purchase agreements constituting 25% of units.

  • Plan declared effective as of February 25, 2008
  • Two units (2F and 4R) sold: Unit 2F for $350,000, Unit 4R for $475,000
  • 25% of residential units have accepted purchase agreements
What each amendment changed, line by lineSee it free →

Team

Sponsor
712 6th Avenue, LLC
Principals
Abraham Sigman
Tax estimate
R.P.T.E. Consulting, Ltd.Prepared the first-year real estate tax projection
General contractor
T. PyramidHeld the general construction permit on DOB job 301499411
Title agency
Ridge Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 42

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 712 6th Avenue's common charges high for the area? No, they're on the low side. 712 6th Avenue budgets $0.24 per square foot a month, against a $0.33 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 8 units, every budget line, every saleSee it free