747 Dean Street Condominium
747 Dean Street, Brooklyn, NY 11238
Overview
747 Dean Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted January 2024 · 275 pages · floor plans on page 97
- Finishes: Wood floors, quartz kitchen countertops, Bertazzoni and Bosch appliances, washer/dryer hook-ups and Gerber bathroom fittings
- Prices: $1,832 a square foot on average, as first offered; $8.45 million in all ($7.47 million when first offered)
- Common charges: $419–$531 a month, the sponsor's first-year estimate
- Sponsor: 747 Dean LLC, represented by Eial Girtz, PC; principals Meir Daus and Elad Ben-Kimon
- Subway: 6-minute walk to Clinton-Washington Avs (C); 11 minutes to Grand Army Plaza (2, 3)
- Amendments: 3, the latest in June 2024
- Units
- 4 residential
- Subway
- 6 min walk to Clinton-Washington Avs CGrand Army Plaza 2 3, 11 min
- Principals
- Meir Daus, Elad Ben-Kimon
- Average $/sf
- $1,832Homes in Schedule A, as first offered
- Common charges
- $419–$531 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 To December 31, 2025
- Offering price
- $8.45 million total $7.47 million when first offered
- Floor plans
- Page 97 of the plan
- SubmittedFebruary 2024
- AcceptedJanuary 2024
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 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 for 4 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Jun 7, 2024
Amendment extends the plan for 6 months and reports on occupancy, closings, finances, and sponsor obligations.
- Plan extended for 6 months
- Final Certificate of Occupancy issued April 23, 2024
- Units 2, 3, and 4 have closed; Unit 1 in contract
- Common charges $531.07 and real estate tax $1,386.62 for Unit 1
- Reserve account balance $0.00; should be $2,300.00; monthly deposit $191.67
- Working capital account balance $1,826.16
- Mortgage from Genesis Capital LLC for $4,860,000.00 paid in full; no units pledged
Amendment 2 Mar 7, 2024
Plan declared effective based on one unit purchase agreement representing 25% of the four units offered for sale.
- Plan declared effective on March 7, 2024
- Unit 4 is in contract
- One (1) residential unit sold, representing 25% of four units offered
Amendment 1 Feb 19, 2024
Offering prices of all four units increased, with Unit 1 up $150,000, Units 2 and 3 each up $50,000, and Unit 4 up $100,000.
- Unit 1 price increased from $2,500,000.00 to $2,650,000.00
- Unit 2 price increased from $1,950,000.00 to $2,000,000.00
- Unit 3 price increased from $1,950,000.00 to $2,000,000.00
- Unit 4 price increased from $1,700,000.00 to $1,800,000.00
- Revised Schedule A with updated offering prices attached
- Schedule A prices increased for 4 homes (median +5.9%): 1 $2,500,000 → $2,650,000; 2 $1,950,000 → $2,000,000; 3 $1,950,000 → $2,000,000; 4 $1,700,000 → $1,800,000
Team
- Sponsor
- 747 Dean LLC
- Principals
- Meir Daus, Elad Ben-Kimon
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$3.7 million loan stated in the plan
- General contractor
- L & M Builders GroupHeld the general construction permit on DOB NOW job B00691864
- Property report
- Demerara Engineering, PLLCPrepared the plan's description of the property and its condition · Named on p. 129
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
- 751 Dean Street Condominiumnext door · 4 units · 2025
- 579 Washington Avenue Condominiumnext door · 16 units · 2002
- 873 Pacific Street Condominiumnext door · 8 units · 2017
- 735 Bergen Street Condominiumnext door · 8 units · 2014
- 904 Pacific Street Condominiumnext door · 21 units · 12 parking · 2009
- 658 Washington Avenue Condominium0.1 mi · 3 units · 2024
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