901 Greene Avenue Condominium
901 Greene Avenue, Brooklyn, NY 11221
Overview
901 Greene Avenue is a 4-unit condo in Brooklyn.
- Offering plan: Accepted January 2020 · 257 pages
- Finishes: 9'4" ceilings, hardwood floors, granite kitchen countertops, wood cabinets, Whirlpool appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,071 a square foot on average, as first offered; $3.59 million in all ($3.52 million when first offered)
- Common charges: $391–$605 a month, the sponsor's first-year estimate
- Sponsor: 901 Greene Avenue Complex LLC, represented by Eial Girtz P.C.
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 7-minute walk to Kosciuszko St (J); 10 minutes to Gates Av (J, Z)
- Amendments: 2, the latest in October 2021
- Units
- 4 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 7 min walk to Kosciuszko St JGates Av J Z, 10 min
- Average $/sf
- $1,071Homes in Schedule A, as first offered
- Common charges
- $391–$605 a monthSponsor's first-year estimate in Schedule A, July 1, 2020 - June 30, 2021
- Offering price
- $3.59 million total $3.52 million when first offered
- SubmittedMarch 2021
- AcceptedJanuary 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 30, 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 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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Oct 25, 2021
Plan extended 6 months; temporary certificate of occupancy issued September 3, 2021; permanent certificate expected in 60 days with $2,000 held in escrow; two units closed, two remain unsold; budget updated for November 1, 2021 through October 2022 operating period.
- Plan extended 6 months
- Temporary Certificate of Occupancy issued September 3, 2021; Permanent Certificate of Occupancy expected in approximately 60 days
- $2,000.00 held in escrow to secure Sponsor's obligation to obtain PCO
- Unit #3 closed September 27, 2021; Unit #4 also closed; Units 1 and 2 remain unsold
- First year operating period updated to November 1, 2021 through October 2022
- Unit 1 common charges $604.73/month, real estate tax $838.81; Unit 2 common charges $391.29/month, real estate tax $542.76
- Working capital account balance $1,565.16 at Chase Bank
- Reserve account should contain $2,200.00; monthly reserve deposit $183.33
Amendment 1 Feb 19, 2021
Plan extends 6 months, declared effective after one unit purchase, smoking policy added, and rescission deadline tolled by Executive Order.
- Plan extended for 6 months
- Plan declared effective February 19, 2021 based on 1 unit purchase (25% of 4 units)
- Smoking prohibited in interior general common elements, outdoor general common elements, outdoor limited common elements, and residential units
- Rescission requirement tolled by Executive Orders 202.18 and 202.98 plus 120 days
- Projected condominium operation date tolled for 334 days as of amendment filing plus 120 additional days
- Units 2, 3, and 4 in contract; no closings yet, all units vacant
- Condominium Declaration not yet recorded; Certificate of Occupancy not yet issued
Team
- Sponsor
- 901 Greene Avenue Complex LLC
- Counsel
- Eial Girtz P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- General contractors
- W & L Group Construction, 901 Green Avenue Builders, JRS Construction & Expedi, Infinity Foundation Dev, Ramanand ChandrabaliHeld the general construction permit on DOB job 310221051
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 129 Malcolm X Blvd Condominium0.1 mi · 4 units · 2024
- Renaissance Condo. The Residential Unit0.1 mi · 240 units · 2000
- 499 Van Buren Street Condominium0.2 mi · 5 units · 2023
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