85 Herkimer Street Condominium
85 Herkimer Street, Brooklyn, NY 11216
Overview
85 Herkimer Street is a 6-unit condo in Brooklyn.
- Offering plan: Accepted October 2020 · 289 pages · floor plans on page 4
- Finishes: Hardwood floors, quartzite kitchen countertops, white matt lacquer cabinets, Blomberg and Bosch appliances, a washer and dryer in each apartment, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,197 a square foot on average, as first offered; $6.04 million in all ($5.49 million when first offered)
- Common charges: $404–$805 a month, the sponsor's first-year estimate
- Sponsor: 85 Herkimer Development LLC, represented by Tsyngauz & Associates, P.C.; principals Elie Fouerti
- Subway: 2-minute walk to Nostrand Av (A, C); 7 minutes to Franklin Av (C, S)
- Amendments: 2, the latest in February 2023
- Units
- 6 residential
- Subway
- 2 min walk to Nostrand Av A CFranklin Av C S, 7 min
- Principals
- Elie Fouerti
- Average $/sf
- $1,197Homes in Schedule A, as first offered
- Common charges
- $404–$805 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022
- Offering price
- $6.04 million total $5.49 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedOctober 2021
- AcceptedOctober 2020
- 2 amendments
Units & Prices
First-Year Budget
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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 →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 →The Building
Amendments
Amendment 1 Oct 29, 2021
Unit configurations, common interest percentages, and unit prices revised; first closing deadline extended to January 5, 2024 due to COVID-19 executive order tolling.
- First closing deadline extended to January 5, 2024 (from June 30, 2022) due to 554-day tolling period from COVID-19 executive order
- Unit 6 changed to three (3) bedrooms and two and a half (2.5) bathrooms
- Unit 4 roof terrace eliminated
- Unit 3 roof terrace size revised to 384 sq. ft.
- Percentages of common interest for all units revised
- Offering prices of Units 2, 3, 4, 5, and 6 revised
- Anticipated date of substantial completion is February 2022
- New York State transfer tax rate: 0.4% for units under $3,000,000 and 0.65% for units $3,000,000 or more; as of July 1, 2021 the tax amount is excluded from consideration calculation
Team
- Sponsor
- 85 Herkimer Development LLC
- Principals
- Elie Fouerti
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$4.43 million loan stated in the plan
- General contractor
- Omni BuildHeld the general construction permit on DOB job 321713240
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Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 87 Herkimer Street Condominiumnext door · 6 units · 2020
- 1251 Pacific Street Condominium0.1 mi · 4 units · 2024
- 43 Halsey Street Condominium0.1 mi · 4 units · 2017
- 1214 Pacific Street Condominium0.2 mi · 4 units · 2019
- 168 Hancock Street Condominium0.2 mi · 5 units · 2025
- 1230 Bedford Avenue Condominium0.2 mi · 8 units · 2021
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