THE CONDO BOOK PROJECT

803 Quincy Street Condominium

803 Quincy Street, Brooklyn, NY 11221

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Overview

803 Quincy Street is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted January 2020 · 305 pages · floor plans on page 7
  • Finishes: Hardwood floors, granite kitchen countertops, Blomberg appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
  • Prices: $853 a square foot on average, as first offered; $6.24 million in all
  • Common charges: $318–$667 a month, the sponsor's first-year estimate
  • Sponsor: 803 Quincy Development LLC, represented by Marans, Weisz & Newman LLC; principals Shai Birenzweig and Ofer Aviv
  • Neighborhood: Bedford-Stuyvesant, Brooklyn
  • Subway: 3-minute walk to Gates Av (J, Z); 6 minutes to Kosciuszko St (J)
  • Amendments: 3, the latest in March 2022
  1. SubmittedJuly 2020
  2. AcceptedJanuary 2020
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Oct 31, 2023.

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 803 Quincy 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 8 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 3 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Mar 31, 2022

Amendment reports post-closing disclosures including final Certificate of Occupancy issued March 3, 2022, and extends the offering plan term by six months.

  • Final Certificate of Occupancy issued March 3, 2022
  • First Unit Closing occurred June 18, 2021
  • Only Unit 1R remains unsold
  • Board of Managers members named: Shai Birenweig (President), Nir Sapir (Vice President), Ofer Aviv (Secretary/Treasurer)
  • First Unit Owners meeting held September 30, 2021
  • Offering plan term extended by six months

Amendment 2 Feb 12, 2021

Amendment corrects Unit 4F terrace area, reallocates rear yard to Unit 1R only, clarifies washer/dryer hookups, grants Unit 1F an easement for AC equipment access through Unit 1R, and extends the plan term.

  • Unit 4F terrace area corrected to 369 square feet
  • Entire rear yard (1,131 S.F.) assigned as Limited Common Element to Unit 1R only; Unit 1F rear yard eliminated
  • Unit 1F granted easement through Unit 1R to access and service air conditioning equipment with 2 days' notice required
  • Washer and dryer hookups clarified: stackable washer and gas dryer in laundry closet in each unit
  • Common Interest Percentages and Common Charges revised due to floor plan changes
  • Temporary Certificate of Occupancy expected June 2021; Final Certificate of Occupancy expected July 2021
  • Plan term extended six months from amendment date
  • Declaration of Condominium updated with easement language in Article 8.1

Amendment 1 Sep 14, 2020

Plan declared effective after two unit sales, property taxes updated with 25% decrease, and plan term extended six months.

  • Plan declared effective; two units (25% of building) sold to bona fide purchasers
  • Property tax projection for First Year of Operations updated to $50,934.74 total, decreased approximately 25% from original projection
  • Assessed value for tax year July 1, 2020 to June 30, 2021 estimated at $408,360.00 at 12.473% tax rate
  • Plan term extended six months from date of amendment
  • Property Tax Projection Letter from Metropolitan Realty Exemptions, Inc. dated April 21, 2020 incorporated
What each amendment changed, line by lineSee it free →

Team

Sponsor
803 Quincy Development LLC
Principals
Shai Birenzweig, Ofer Aviv
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
White Oak Projects$2.2 million recorded
General contractors
Turnkey 88 Contracting, Brooklyn B Company GroupHeld the general construction permit on DOB job 321189931
Property report
Infocus Design & Planning P.C.Prepared the plan's description of the property and its condition · Named on p. 139

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Zoning

Zoning district
R6B

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

Nearby

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The Condo Book Project Are 803 Quincy Street's common charges high for the area? Yes, they're on the high side. 803 Quincy Street budgets $0.47 per square foot a month, against a $0.35 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?