79 Powers Street Condominium
79 Powers Street, Brooklyn, NY 11211
Overview
79 Powers Street is a 7-unit condo in Brooklyn.
- Offering plan: Accepted February 2021 · 370 pages · floor plans on pages 157–158
- Finishes: Hardwood floors, granite kitchen countertops, Frigidaire appliances and split-system units for heating and cooling
- Prices: $1,376 a square foot on average, as first offered; $7.24 million in all ($6.79 million when first offered)
- Common charges: $226–$582 a month, the sponsor's first-year estimate
- Sponsor: 79 Powers St LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Arie Bar Chaim
- Neighborhood: Williamsburg, Brooklyn
- Subway: 3-minute walk to Metropolitan Av/Lorimer St (G, L); 7 minutes to Graham Av (L)
- Amendments: 3, the latest in August 2021
- Units
- 7 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 3 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min
- Principals
- Arie Bar Chaim
- Average $/sf
- $1,376Homes in Schedule A, as first offered
- Common charges
- $226–$582 a monthSponsor's first-year estimate in Schedule A, January 1, 2022- December 31, 2022
- Offering price
- $7.24 million total $6.79 million when first offered
- Floor plans
- Pages 157–158 of the plan
- SubmittedMay 2021
- AcceptedFebruary 2021
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jan 31, 2022.
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 79 Powers 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 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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Aug 24, 2021
Offering price for Unit 1 changed to $1,850,000.
Team
- Sponsor
- 79 Powers St LLC
- Principals
- Arie Bar Chaim
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$2.48 million recorded
- General contractor
- Brooklyn AzHeld the general construction permit on DOB job 320910412
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 221
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
- 81 Powers Street Condominiumnext door · 7 units · 2021
- 490 Lorimer Street Condominiumnext door · 9 units · 1 parking · 2023
- 532 Lorimer Street Condominiumnext door · 9 units · 1 parking · 2021
- Ainslie Street Condominiumsnext door · 7 units · 2020
- 185 Ainslie Street Condominiumnext door · 4 units · 2025
- 117 Powers Street Condominiumnext door · 7 units · 2026
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