THE CONDO BOOK PROJECT

78 Eagle Street Condominium

78 Eagle Street, Brooklyn, NY 11222

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Overview

78 Eagle Street is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted March 2022 · 314 pages · floor plans on page 32
  • Finishes: 9'7" ceilings, hardwood floors, quartz kitchen countertops, Miele and Bertazzoni appliances, a washer and dryer in each apartment, Gerber bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,596 a square foot on average, as first offered; $7.35 million in all ($6.6 million when first offered)
  • Common charges: $468–$637 a month, the sponsor's first-year estimate
  • Developer: Investmates; principals Jakov Telyas
  • Sponsor: 78 Eagle St LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 7-minute walk to Greenpoint Av (G); 17 minutes to Vernon Blvd-Jackson Av (7)
  • Amendments: 2, the latest in June 2023
  1. SubmittedMarch 2022
  2. AcceptedMarch 2022
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 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 78 Eagle Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 3 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 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Jun 23, 2023

Amendment declares the plan effective, reports first closing completed, and raises Unit 3 price to $2,370,000.00.

  • Plan declared effective March 31, 2022 with one unit (33.3333%) under purchase agreement
  • First closing completed June 9, 2022
  • Unit 3 price amended to $2,370,000.00
  • All units sold; no unsold units remain
  • Board of Managers control transferred from Sponsor on May 17, 2023
  • Certificate of Occupancy issued March 21, 2022
  • Declaration of Condominium recorded May 9, 2022
  • Working capital fund of $3,098.34 and reserve fund of $344.26 deposited

Amendment 1 Mar 9, 2022

Rear yard reallocated to Unit 1 and offering prices updated for all three units.

  • 768 SF rear yard reallocated from Unit 2 to Unit 1
  • Unit 1 offering price: $2,350,000
  • Unit 2 offering price: $2,650,000
  • Unit 3 offering price: $2,350,000
  • Updated Schedule A reflects reallocation and new pricing
  • No units under contract
  • Schedule A prices increased for 2 homes (median +46.9%): 1 $1,600,000 → $2,350,000; 2 $2,500,000 → $2,650,000
  • Schedule A prices decreased for 1 home (median -6.0%): 3 $2,500,000 → $2,350,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
78 Eagle St LLC
Developer
Investmates
Principals
Jakov Telyas
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
General contractor
Record 13 ConstructionHeld the general construction permit on DOB job 321798266
Structural engineer
Wexler AssociatesNamed on p. 132
MEP engineer
Concord Consulting Engineering PCMechanical, electrical and plumbing · Named on p. 132
Property report
CHARLES DIEHL ARCHITECT LLCPrepared the plan's description of the property and its condition · Named on p. 132

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 78 Eagle Street's common charges high for the area? No, they're on the low side. 78 Eagle Street budgets $0.37 per square foot a month, against a $0.59 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?