THE CONDO BOOK PROJECT

87 Irving Place Condominium

87 Irving Place, Brooklyn, NY 11238

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Overview

87 Irving Place is a 24-unit condo in Brooklyn.

  • Offering plan: Accepted May 2024 · 313 pages · floor plans on page 50
  • Finishes: Engineered wood floors, granite kitchen countertops, IKEA cabinets, Ikea appliances, washer/dryer hook-ups and Delta bathroom fittings
  • Prices: $1,407 a square foot on average, as first offered; $40.5 million in all
  • Common charges: $169–$532 a month, the sponsor's first-year estimate
  • Developer: Urban View Development Group Inc.; principals Nadav Hamo
  • Sponsor: 87 Irving Realty LLC, represented by Marans Newman Tsolis & Nazinitsky LLC
  • Subway: 5-minute walk to Franklin Av (C, S); 6 minutes to Clinton-Washington Avs (C)
  • Amendments: 2, the latest in October 2024
  1. SubmittedAugust 2024
  2. AcceptedMay 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

25 of 25homes sold (100%)
Every sale: 25 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 31, 2026.

First-Year Budget

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 25 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Oct 31, 2024

Floor plans revised with structural and amenity changes; building substantially complete with temporary certificate of occupancy; electricity metering delayed.

  • Building substantially complete as of December 12, 2024; temporary certificate of occupancy issued and set to expire June 9, 2025
  • Floor plans revised: Unit 1A rear yard now 999 square feet; Unit 2B Juliet balcony removed; licensed storage added to floors 2-3; roof outdoor kitchen added; all closet doors changed from sliding to swinging
  • Structural and finishes updates: parapet details specified; rear yard is compacted soil with partial concrete paving, no grass; 7th floor terraces have 42" parapet and glass railing
  • HVAC system uses Mitsubishi electric heat pumps with condensers on roof and first floor; parts warranted 5 years, compressor 7 years
  • Roof warranty: 20-year "no dollar limit" warranty from Johns Manville (April 3, 2024 to April 3, 2044)
  • Recreation area at main roof: 3,385 square feet net area, occupant load 16 persons
  • As of March 20, 2025: two active compliance violations; Sponsor responsible for resolution before closings
  • Individual electricity meters delayed approximately 3 months; building electricity on common meter; Sponsor to invoice occupied units based on common interest percentage

Amendment 1 Aug 9, 2024

Plan declared effective after sponsor accepted purchase agreements for five units constituting twenty percent of units offered.

  • Plan declared effective
  • Sponsor accepted purchase agreements for 5 units (20% of units offered)
  • No material changes to first-year operating budget
What each amendment changed, line by lineSee it free →

Team

Sponsor
87 Irving Realty LLC
Principals
Nadav Hamo
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Popular Bank$16.9 million recorded
Structural engineer
Structural Engineering Technologies, P.C.Named on p. 215

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Zoning

Zoning district
R7A

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

Nearby

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The Condo Book Project Are 87 Irving Place's common charges high for the area? No, they're on the low side. 87 Irving Place budgets $0.27 per square foot a month, against a $0.49 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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