THE CONDO BOOK PROJECT

88 North 5th Street Condominium

88 North 5th Street, Brooklyn, NY 11211

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Overview

88 North 5th Street is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted May 2012 · 283 pages
  • Finishes: Hardwood floors, laminate kitchen countertops, laminate or wood cabinets, GE, Miele and Kitchen Aid appliances and Duravit bathroom fittings
  • Prices: $693 a square foot on average, as first offered; $3.67 million in all
  • Common charges: $308–$629 a month, the sponsor's first-year estimate
  • Sponsor: Acky, LLC, represented by The Law Office Of Charles Mandelbaum P.C.; principals Jongoon Kim
  • Neighborhood: Williamsburg, Brooklyn
  • Subway: 5-minute walk to Bedford Av (L); 12 minutes to Metropolitan Av/Lorimer St (G, L)
  1. SubmittedNovember 2011
  2. AcceptedMay 2012

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 88 North 5th Street's common charges compare with similar buildings? →

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

Team

Sponsor
Acky, LLC
Principals
Jongoon Kim
Tax estimate
The Law Office of Charles Mandelbaum P.C.Prepared the first-year real estate tax projection

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
M1-2/R6A
Special district
Special Mixed Use District (MX-8) (MX-8)

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

Nearby

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The Condo Book Project Are 88 North 5th Street's common charges high for the area? Yes, they're on the high side. 88 North 5th Street budgets $0.77 per square foot a month, against a $0.43 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?