THE CONDO BOOK PROJECT

Residence At 735 Condominium

735 Lafayette Avenue, Brooklyn, NY 11221

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Overview

Residence At 735 is a 7-unit condo in Brooklyn.

  • Offering plan: Accepted December 2021 · 305 pages · floor plans on pages 176–179
  • Finishes: Engineered wood floors, quartz kitchen countertops, wood cabinets, Frigidaire appliances, a washer and dryer in each apartment, American Standard bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,170 a square foot on average, as first offered; $5.17 million in all
  • Common charges: $300–$715 a month, the sponsor's first-year estimate
  • Developer: T & P Property Development LLC
  • Sponsor: The Residences At 735 Lafayette LLC**, represented by Tsyngauz & Associates, P.C.
  • Subway: 9-minute walk to Bedford-Nostrand Avs (G); 12 minutes to Myrtle-Willoughby Avs (G)
  • Amendments: 2, the latest in January 2023
  1. SubmittedMarch 2022
  2. AcceptedDecember 2021
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

7 of 7homes sold (100%)
Every sale: 7 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 Residence At 735's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 7 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 3 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
The Residences At 735 Lafayette LLC**
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Alpine Capital Bank$1.85 million loan stated in the plan

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 Residence At 735's common charges high for the area? Yes, they're on the high side. Residence At 735 budgets $0.63 per square foot a month, against a $0.53 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 7 units, every budget line, every saleSee it free