756 40th Street Condominium
756 40th Street, Brooklyn, NY 11232
Overview
756 40th Street is a 7-unit condo in Brooklyn.
- Offering plan: Accepted September 2022 · 282 pages
- Finishes: 8-foot ceilings, hardwood floors, Samsung and Frigidaire appliances, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $1,061 a square foot on average, as first offered; $4.65 million in all
- Common charges: $207–$652 a month, the sponsor's first-year estimate
- Sponsor: 756 Jc Coin Realty LLC, represented by Eial Girtz, PC
- Subway: 6-minute walk to 9 Av (D); 10 minutes to Fort Hamilton Pkwy (D)
- Amendments: 4, the latest in July 2025
- Units
- 7 residential
- Subway
- 6 min walk to 9 Av DFort Hamilton Pkwy D, 10 min
- Average $/sf
- $1,061Homes in Schedule A, as first offered
- Common charges
- $207–$652 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 To December 31, 2023
- Offering price
- $4.65 million total
- SubmittedMarch 2023
- AcceptedSeptember 2022
- 4 amendments
- 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)
Ask Claude or ChatGPT: How do 756 40th Street'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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Jul 23, 2025
Amendment extends the offering plan for 6 months and updates sponsor disclosure information.
- Plan extended for 6 months
- Units 2F, 3F and 3R are in contract; remainder unsold
- No sponsor-owned units occupied by tenants
- First year budget unchanged
- Sponsor principals current on financial obligations for 100 16th Street Condominium
Amendment 3 Dec 11, 2024
Plan extended 6 months; financing from Cathay Bank paid off; two units in contract.
- Plan extended for 6 months
- Sponsor obtained $499,000 financing from Cathay Bank (now paid in full)
- Units 2F and 3F are in contract
- Remainder of units unsold; no closings or leases
- Budget for First Year unchanged
- Sponsor current on all financial obligations
Amendment 2 Jun 14, 2023
Plan extended 6 months and declared effective after two units (28% of seven units offered) received purchase agreements.
- Plan extended for 6 months
- Plan declared effective on June 14, 2023
- Units 2F and 3F in contract
- Two units representing 28% of seven units offered meet effectiveness threshold
Amendment 1 Mar 20, 2023
Plan extended 6 months with escrow agent and account details for contract deposits specified.
- Plan extended for 6 months
- No units in contract, no units leased
- Escrow agent: Luk & Luk, PLLC at 254 Canal Street, Suite 2001, New York, NY 10013
- Escrow account at Bank of America, 277 Canal Street, New York, NY 10013, titled Luk & Luk, PLLC - IOLA Account
- FDIC insurance up to $250,000.00 per deposit on IOLA account
- No interest paid to purchasers; interest goes to New York State IOLA fund
- Sponsor bears all escrow account maintenance costs
- Purchaser may cancel if escrow notice not received within 15 business days of tender
Team
- Sponsor
- 756 Jc Coin Realty LLC
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Cathay Bank$499,000 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
- 4102 8th Avenue Condominiumnext door · 30 units · 15 parking · 2019
- 4112 8th Avenue Condominiumnext door · 8 units · 2022
- 832 40th Street Condominium0.1 mi · 8 units · 2021
- 825 39th Street Commercial Condominium0.1 mi · 2021
- 838 41st Street Condominium0.1 mi · 8 units · 2020
- 702 44th St./One Sunset Park Condo0.2 mi · 54 units · 2008
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