89 South 4 Street Condominium
89 South 4th Street, Brooklyn, NY 11249
Overview
89 South 4 Street is a 4-unit condo in Brooklyn.
- Offering plan: Accepted December 2022 · 314 pages · floor plans on page 4
- Finishes: Hardwood floors, marble kitchen countertops, painted wood cabinets, Liebherr, Bertazzoni and Smeg appliances and a washer and dryer in each apartment
- Prices: $1,203 a square foot on average, as first offered; $7.4 million in all ($5.85 million when first offered)
- Common charges: $529–$636 a month, the sponsor's first-year estimate
- Developer: Minerva Capital Holdings LLC; principals Omri Bar-Mashiah
- Sponsor: 89 S 4 LLC, represented by Tsyngauz & Associates, P.C.
- Neighborhood: Williamsburg, Brooklyn
- Subway: 10-minute walk to Marcy Av (J, M, Z); 11 minutes to Bedford Av (L)
- Amendments: 1, the latest in August 2023
- Units
- 4 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 10 min walk to Marcy Av J M ZBedford Av L, 11 min
- Developer
- Minerva Capital Holdings LLC
- Principals
- Omri Bar-Mashiah
- Average $/sf
- $1,203Homes in Schedule A, as first offered
- Common charges
- $529–$636 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $7.4 million total $5.85 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedAugust 2023
- AcceptedDecember 2022
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 31, 2024.
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 4 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 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 May 17, 2023
Plan declared effective after three units (75% of total) sold; construction complete with temporary certificate of occupancy issued; no gas service in building; unit prices and common interest percentages revised.
- Plan declared effective May 17, 2023 with three units sold (75.00% of all units)
- Temporary certificate of occupancy issued August 8, 2023; final certificate of occupancy anticipated October 2023
- Building will not have gas service; gas range references deleted and replaced with electric range
- Condominium declaration recorded July 13, 2023
- Parking spaces assigned to Units 3 and 4; parking space sizes increased
- Roof terraces on penthouse floor assigned to Unit 4 as limited common elements
- Hot water provided by electric heaters; kitchen appliances specified (Faber range hood, Fisher Paykel refrigerator)
- Unit prices revised; percentages of common interest revised; Schedule A and Schedule B amended
Team
- Sponsor
- 89 S 4 LLC
- Developer
- Minerva Capital Holdings LLC
- Principals
- Omri Bar-Mashiah
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$3.65 million loan stated in the plan
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 101 South 4th Street Condominiumnext door · 2 units · 2024
- Williamsberry Condominiumnext door · 60 units · 2015
- 126 South 2nd Street Condominium0.1 mi · 3 units · 2020
- 79 South 2nd Street Condominium0.1 mi · 3 units · 2025
- South 3rd Street Condominium0.1 mi · 23 units · 29 parking · 2008
- Bridgeview 66 Condominium0.1 mi · 7 units · 2024
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