850 Putnam Condominium (The Carmen)
850 Putnam Avenue, Brooklyn, NY 11221
Overview
The Carmen is an 8-unit condo in Brooklyn, with 6 storage units.
- Offering plan: Accepted February 2020 · 239 pages · floor plans on pages 183–184
- Finishes: 8'6" ceilings, hardwood floors, marble kitchen countertops, custom-made hardwood cabinets, Samsung and Thor Kitchen appliances, a washer and dryer in each apartment and central forced air for heating and cooling
- Prices: $986 a square foot on average, as first offered; $8.77 million in all
- Common charges: $254–$304 a month, the sponsor's first-year estimate
- Sponsor: 850 Putnam Avenue Development LLC, represented by Dylan Chan Law Firm; principals Carmen Jia Wen Yu
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 10-minute walk to Gates Av (J, Z); 10 minutes to Kosciuszko St (J)
- Amendments: 2, the latest in October 2021
- Units
- 8 residential · 6 storage
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 10 min walk to Gates Av J ZKosciuszko St J, 10 min
- Principals
- Carmen Jia Wen Yu
- Average $/sf
- $986Homes in Schedule A, as first offered
- Common charges
- $254–$304 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
- Offering price
- $8.77 million total
- Floor plans
- Pages 183–184 of the plan
- SubmittedMay 2021
- AcceptedFebruary 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Oct 4, 2021
Updated Schedule A pricing and common interest allocations for the period August 31, 2021 to August 30, 2022, with eight unsold residential units held by sponsor.
- Schedule A updated for year commencing August 31, 2021 and ending August 30, 2022
- Sponsor holds eight unsold units: 1A, 1B, 2A, 2B, 3A, 3B, 4A, 4B
- No closings have occurred
Amendment 1 Sep 8, 2021
Budget and schedules updated for August 31, 2021 to August 30, 2022; anticipated first closing moved to August 31, 2021; sponsor waiving common charges collection until future date.
- Budget and Schedule A updated for year commencing August 31, 2021 through August 30, 2022
- Anticipated first closing date set to on or about August 31, 2021
- Rescission right if first closing does not occur by July 8, 2022 (adjusted for COVID-19 Executive Order tolling)
- Sponsor holds 8 unsold units; 3 units (37.5%) sold as of June 11, 2021
- Aggregate monthly common charges on sponsor's units: $2206.27
- Aggregate monthly real estate taxes on sponsor's units: $4742.76
- Sponsor reserving right to delay collection of common charges; sponsor will pay all condominium expenses during delay period
- Plan effective date extended six months from filing of amendment
Team
- Sponsor
- 850 Putnam Avenue Development LLC
- Principals
- Carmen Jia Wen Yu
- Counsel
- Dylan Chan Law Firm
- Tax estimate
- Highpoint Incentives, Inc.Prepared the first-year real estate tax projection
- General contractors
- Afna General Constr, NY Drilling, Vision Contracting NY, All Borough Group SVC inHeld the general construction permit on DOB job 321183296
- Structural engineer
- Steven Schneider, P.E.Named on p. 162
- Property report
- Xiao H. Huang, P.E., of NYX Engineering PLLCPrepared the plan's description of the property and its condition · Named on p. 31
- Title agency
- Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for Chicago Title Insurance Company · Named on p. 15
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
- 854 Putnam Avenue Condominiumnext door · 8 units · 2017
- Katan Court Condominiumnext door · 7 units · 2024
- 714 Jefferson Avenue Condominiumnext door · 7 units · 2022
- 682 Hancock Street Condominium0.1 mi · 6 units · 2021
- 702 Hancock Street Condominium0.1 mi · 8 units · 2024
- 674 Hancock Street Condominium0.1 mi · 8 units · 2021
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