900 Willoughby Condominium
900 Willoughby Avenue, Brooklyn, NY 11221
Overview
900 Willoughby is a 7-unit condo in Brooklyn.
- Offering plan: Accepted June 2020 · 324 pages · floor plans on pages 161–163
- Finishes: Laminate kitchen countertops, wooden cabinets, Leibherr, Miele and LG appliances and washer/dryer hook-ups
- Prices: $1,145 a square foot on average, as first offered; $4.57 million in all
- Common charges: $367–$640 a month, the sponsor's first-year estimate
- Sponsor: 900 Willoughby Mm LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.; principals Yecheskel Milstein
- Neighborhood: Bushwick, Brooklyn
- Subway: 4-minute walk to Myrtle Av (J, M, Z); 7 minutes to Central Av (M)
- Amendments: 2, the latest in November 2021
- Units
- 7 residential
- Neighborhood
- Bushwick, Brooklyn
- Subway
- 4 min walk to Myrtle Av J M ZCentral Av M, 7 min
- Principals
- Yecheskel Milstein
- Average $/sf
- $1,145Homes in Schedule A, as first offered
- Common charges
- $367–$640 a monthSponsor's first-year estimate in Schedule A, July 1, 2020 - June 30, 2021
- Offering price
- $4.57 million total
- Floor plans
- Pages 161–163 of the plan
- SubmittedNovember 2020
- AcceptedJune 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 31, 2022.
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 plan lists what a buyer pays at closing.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Nov 16, 2021
Amendment reports first unit closing, condominium registration, final certificate of occupancy, and control transfer timeline.
- Unit 6 (3B) closed March 30, 2021
- Declaration of Condominium recorded March 9, 2021, CRFN#2021000085571
- Final Certificate of Occupancy issued July 16, 2021
- Working capital fund $5,025.84 deposited at Chase Bank
- Sponsor board control to transfer prior to March 1, 2022
- Sponsor owns 1 unit with $590.32 monthly common charges
- Purchaser to pay Real Property Transfer Tax to City of New York
- Offering plan extended six months
Amendment 1 Nov 10, 2020
Plan declared effective with two units purchased; architectural updates for as-built conditions; budget year adjusted to July 1, 2021 – June 30, 2022; closing dates tolled by executive order.
- Plan declared effective September 14, 2020 with Units 4 and 6 purchased (28.5% of units)
- Cellar allocated to Unit 1 with one closet instead of three; ceiling height approximately 6-9.5 inches
- Roof parapet, balcony doors, roof drains, and roof bulkhead access ladder updated per as-built plans
- Units 1 & 2 added laundry closet with gas hot water and dryer connections
- Budget year changed to July 1, 2021 – June 30, 2022
- First closing rescission right extended to January 1, 2022 for post-amendment purchasers
- Projected dates for condominium operation and first closing tolled 316 days plus 120 additional days per Executive Order 202.18
- Temporary certificate of occupancy issued January 28, 2021; offering plan extended six months
- Schedule A prices increased for 1 home (median +48.6%): 2 $542,400 → $805,800
- Schedule A prices decreased for 1 home (median -32.7%): 1 $805,800 → $542,400
Team
- Sponsor
- 900 Willoughby Mm LLC
- Principals
- Yecheskel Milstein
- Tax estimate
- Empire Consulting Service, IncPrepared the first-year real estate tax projection
- Construction lender
- Sharestates Investments$1.92 million recorded
- Property report
- Alexander Sheyman, P.E.Prepared the plan's description of the property and its condition · Named on p. 120
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
- 483 Hart Street Condominiumnext door · 2 units · 2021
- 718 Bushwick Avenue Condominiumnext door · 8 units
- 450 Hart Street Condominiumnext door · 6 units · 2019
- 12 Lawton Street Condominium0.1 mi · 7 units · 2020
- 17 Dodworth Street Condominium0.1 mi · 9 units · 2 parking · 2026
- Dod0.1 mi · 5 units · 2015
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