81 Mcguinness Condominium
81 Mcguinness Boulervard, Brooklyn, NY 11222
Overview
81 Mcguinness is an 8-unit condo in Brooklyn.
- Offering plan: Accepted September 2020 · 243 pages · floor plans on page 158
- Finishes: Granite kitchen countertops, plastic laminate cabinets, Frigidaire and General Electric appliances, Delta bathroom fittings and split-system units for heating and cooling
- Prices: $1,628 a square foot on average, as first offered; $12.3 million in all ($12.2 million when first offered)
- Common charges: $208–$665 a month, the sponsor's first-year estimate
- Sponsor: 81 Mcguinness LLC & Cecilia Realty LLC, represented by Chu & Partners; principals Cecilia L.C. Law and Wayne Moy
- Neighborhood: Greenpoint, Brooklyn
- Subway: 4-minute walk to Nassau Av (G); 11 minutes to Greenpoint Av (G)
- Amendments: 2, the latest in April 2022
- Units
- 8 residential
- Neighborhood
- Greenpoint, Brooklyn
- Subway
- 4 min walk to Nassau Av GGreenpoint Av G, 11 min
- Principals
- Cecilia L.C. Law, Wayne Moy
- Average $/sf
- $1,628Homes in Schedule A, as first offered
- Common charges
- $208–$665 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing January 1, 2021 and ending December 31, 2021
- Offering price
- $12.3 million total $12.2 million when first offered
- Floor plans
- Page 158 of the plan
- SubmittedJuly 2021
- AcceptedSeptember 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 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 81 Mcguinness'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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 June 2021
Plan declared effective after sponsors accepted purchase agreements for two units representing 25% of units in the offering.
- Plan declared effective by notice to purchasers sent June 2021
- Two units (4A and 5A) with purchase agreements dated 5/17/21 and 6/3/21 counted toward 25% threshold
- No material changes to first year operating budget
- Offering Plan originally accepted for filing September 2, 2020
Team
- Sponsor
- 81 Mcguinness LLC & Cecilia Realty LLC
- Principals
- Cecilia L.C. Law, Wayne Moy
- Counsel
- Chu & Partners
- Tax estimate
- Anthony Como AssociatesPrepared the first-year real estate tax projection
- Construction lender
- Shanghai Commercial Bank$4.35 million loan stated in the plan
- General contractors
- Ming Mai Construction, Harris Home Repair & Development, LoxtonHeld the general construction permit on DOB job 321233615
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 584 Leonard Street Condominiumnext door · 2 units · 2023
- 104 Newel Condominiumnext door · 4 units · 2025
- 105 Diamond Street Condominiumnext door · 4 units · 2026
- 91 Diamond Streetnext door · 10 units · 2019
- 110 Eckford Street Condominium0.1 mi · 5 units · 2024
- Villas At Newell0.1 mi · 8 units · 2019
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