852 St. Johns Place Condominium
852 St. Johns Place, Brooklyn, NY 11216
Overview
852 St. Johns Place is a 5-unit condo in Brooklyn.
- Offering plan: Accepted September 2019 · 374 pages · floor plans on page 31
- Finishes: Hardwood floors, quartz kitchen countertops, Fisher & Paykel and Bosch appliances, a washer and dryer in each apartment, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $786 a square foot on average, as first offered; $4.75 million in all ($4.17 million when first offered)
- Common charges: $458–$529 a month, the sponsor's first-year estimate
- Sponsor: St Johns Bc LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals R. Justin Stewart
- Subway: 3-minute walk to Nostrand Av (3); 5 minutes to President St-Medgar Evers College (2, 5)
- Amendments: 4, the latest in April 2021
- Units
- 5 residential
- Subway
- 3 min walk to Nostrand Av 3President St-Medgar Evers College 2 5, 5 min
- Principals
- R. Justin Stewart
- Average $/sf
- $786Homes in Schedule A, as first offered
- Common charges
- $458–$529 a monthSponsor's first-year estimate in Schedule A, October 1, 2019- September 30, 2020
- Offering price
- $4.75 million total $4.17 million when first offered
- Floor plans
- Page 31 of the plan
- SubmittedSeptember 2019
- AcceptedSeptember 2019
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2025.
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 1 home.
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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Apr 28, 2021
Fourth amendment adds FinCEN reporting requirements for certain cash purchases, updates unsold unit and storage space inventory, and extends the plan term by twelve months.
- FinCEN Currency Transaction Report requirements for covered transactions (certain business entity purchases of $300,000+ without bank financing) effective November 6, 2020 through May 4, 2021
- One unsold residential unit (Unit 1, $799,000) and two unsold storage licenses (Space B, $20,000)
- First Unit Owners meeting held January 31, 2021
- Board of Managers control to be relinquished at earlier of five years from first closing or when unsold units fall below 25% of common interests
- Operating under budget from 3rd Amendment for period October 1, 2020 through September 30, 2021
- Sponsor's aggregate monthly common charges approximately $592.35 and real estate taxes approximately $146.99
- One unsold unit occupied by tenants generating approximately $2,500.00 monthly rent
- Plan term extended twelve months from amendment date
Amendment 3 Sep 21, 2020
Amendment adds FinCEN reporting requirements for certain cash purchases, implements new New York State real estate transfer taxes including a supplemental mansion tax, and provides updates on building occupancy, closings, and sponsor financial obligations.
- FinCEN Currency Transaction Report required for certain entity purchases of $300,000+ without bank financing using cash or equivalent payment methods
- Real Estate Transfer Tax (Base Tax) increased to 0.65% for purchases of $3,000,000 or more (from 0.4%)
- New Supplemental Tax on purchases of $2,000,000 or more, ranging from 0.25% to 2.90% based on purchase price
- First unit closing occurred June 12, 2020
- Temporary Certificates of Occupancy issued May 5, 2020 and August 15, 2020; Final Certificate of Occupancy issued September 8, 2020
- Sponsor retains 2 unsold residential units and 2 unsold storage room licenses
- Plan term extended for 6 months from amendment date
Team
- Sponsor
- St Johns Bc LLC
- Principals
- R. Justin Stewart
- Tax estimate
- The Mazursky Group, Inc.Prepared the first-year real estate tax projection
- Property report
- ZH ArchitectsPrepared the plan's description of the property and its condition · Named on p. 133
- Title agency
- Riverside Abstract Co., LLCThe sponsor's title company for buyers; you can choose another · Named on p. 72
- Buyer's lenders
- Citizens Bank, Wells FargoThe sponsor's preferred mortgage lenders; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 208
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Hello Sterlingnext door · 54 units · 27 parking · 2015
- 810 Sterling Place Condominium0.1 mi · 4 units · 2025
- 764 St. John'S Place Condominium0.2 mi · 12 units · 2022
- 157 Rogers Avenue Condominium0.2 mi · 5 units · 2025
- 762 Park Place Condominium0.2 mi · 23 units · 12 parking · 2016
- 115 Rogers Avenue Condominium0.2 mi · 7 units · 2026
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