THE CONDO BOOK PROJECT

77 Clarkson Avenue Condominium (The Benny)

77 Clarkson Avenue, Brooklyn, NY 11226

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Overview

The Benny is a 44-unit condo in Brooklyn, with 15 parking units.

  • Offering plan: Accepted November 2019
  • Prices: $30.9 million in all
  • Sponsor: Clarkson Bu LLC, represented by Marans, Weisz & Newman, LLC
  • Neighborhood: Flatbush, Brooklyn
  • Subway: 6-minute walk to Parkside Av (Q); 9 minutes to Winthrop St (2, 5)
  • Amendments: 6, the latest in August 2026
  1. SubmittedDecember 2019
  2. AcceptedNovember 2019
  3. 6 amendments
  4. First sale
  5. Latest sale

Sales

43 of 44homes sold (98%)
Every sale: 43 homes, with price and dateSee it free →

From city records (ACRIS), through Jan 31, 2026.

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 →

Amendments

Amendment 5 Feb 8, 2023

This amendment extends the plan's term by six months, attaches the 2023 budget, financial statements and a renewed temporary certificate of occupancy, lists the sponsor's unsold units and their costs, and reports on past HVAC problems and repairs.

  • Plan term extended for six (6) months from the date of this Amendment
  • Temporary Certificate of Occupancy renewed; issued May 24, 2023 and set to expire August 22, 2023
  • Sponsor expects, but does not guarantee, a permanent Certificate of Occupancy by the end of 2023
  • 2023 Budget attached as Exhibit A, with total operating expenses of 311,924
  • Unsold Units held by Sponsor listed as 1D, 2D, 4D, 5D, 5E, 6E, 6F, 7D and 7G
  • Aggregate monthly property taxes for Unsold Units are $6,559.87; approximate monthly common charges are $4,991.40
  • Sponsor still controls the Board of Managers; control period ends at the earlier of 30 days after 100% of Units are conveyed or five (5) years after the First Closing
  • HVAC work in 2021 and 2022 described; a new contractor rebalanced the system, completed at the end of 2022

Amendment 1 Dec 24, 2019

The amendment lowers the sponsor's counsel closing fee, adds washers and dryers to all residential units, cuts several first-year budget and utility estimates, and changes the staffing and service contracts for the building.

  • Sponsor's counsel closing fee revised to $2,000.00 from $2,500.00, not including the ACRIS preparation fee and mortgage financing fee
  • Washer (Whirlpool WFW5090JW) and dryer (Whirlpool WHD5090GW) included in all Residential Units; previously only hookups were disclosed
  • Porter removed from staff; superintendent moved to a third-party service contract with KENT Services six times per week, with Service Contracts increased to $136,532 from $55,600
  • Electricity budget decreased to $38,286 from $174,711; Gas decreased to $25,440 from $54,384; Water Charges & Sewer Rents decreased to $29,015 from $45,971
  • Repairs, Maintenance & Supplies decreased to $15,000 from $31,000; Contingency fund decreased to $10,000 from $20,000; Other Expenses decreased to $7,250 from $9,750
  • Updated utility report lowers estimated annual costs, including common electric $36,119, unit electric $642, and water and sewer $27,373
  • Schedule A updated, including a change in Common Charges resulting from the revised First Year Budget (amount not stated in this text)
What each amendment changed, line by lineSee it free →

Team

Sponsor
Clarkson Bu LLC
Construction lender
Axos BankLender on the mortgage and building loan agreement recorded March 2020 in ACRIS; $19 million recorded
General contractors
Dawny Construction, Abm Construction 1, Mj1 Construction, Ab Plus R Construction, MBQ ContractingHeld the general construction permit on DOB job 321197771

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R7-1

Today's zoning, from city data (PLUTO 26v2).

Nearby

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