904 Bedford Avenue Condominium
904 Bedford Avenue, Brooklyn, NY 11205
Overview
904 Bedford Avenue is an 18-unit condo in Brooklyn.
- Offering plan: Accepted January 2023 · 346 pages · floor plans on pages 31–32
- Finishes: 9'6" ceilings, wood floors, solid-surface kitchen countertops, wood veneer cabinets, GE appliances, washer/dryer hook-ups and Delta bathroom fittings
- Prices: $889 a square foot on average, as first offered; $15.6 million in all
- Common charges: $217–$490 a month, the sponsor's first-year estimate
- Sponsor: Bedford Star LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Bernard Jacobowitz, Joel Braver and Yoel Jacobowitz
- Neighborhood: Bedford-Stuyvesant, Brooklyn
- Subway: 6-minute walk to Bedford-Nostrand Avs (G); 9 minutes to Myrtle-Willoughby Avs (G)
- Amendments: 2, the latest in May 2023
- Other filings: CD030072 (condo plan, filed 2003)
- Units
- 18 residential
- Neighborhood
- Bedford-Stuyvesant, Brooklyn
- Subway
- 6 min walk to Bedford-Nostrand Avs GMyrtle-Willoughby Avs G, 9 min
- Principals
- Bernard Jacobowitz, Joel Braver, Yoel Jacobowitz
- Average $/sf
- $889Homes in Schedule A, as first offered
- Common charges
- $217–$490 a monthSponsor's first-year estimate in Schedule A, April 1, 2023- March 31, 2024
- Offering price
- $15.6 million total
- Floor plans
- Pages 31–32 of the plan
- SubmittedFebruary 2023
- AcceptedJanuary 2023
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jul 31, 2026.
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 12 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 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 May 16, 2023
Amendment updates engineer's report on HVAC and unit sizes, revises Schedule A, and provides financial disclosures for unsold units.
- HVAC system details revised: individual gas-fired units (Lennox Model #C33-36B-2F) with 167,000 BTU heating, 36,000 BTU cooling capacity
- Unit sizes and bedroom/bathroom counts specified for all 18 units (ranging 458–1104 SF)
- Mechanical rooms on 9th floor (Units 9A and 9B) reclassified from general to limited common elements
- First closing occurred April 4, 2023
- Condominium Declaration recorded April 3, 2023 (CRFN 2023000081444)
- 17 unsold units remain; sponsor retains board control until 5 years from first closing or when unsold units drop below 25%
- Working capital account $732.02 at Signature Bank; no reserve account established yet
- Sponsor financing: $18,502,000 loan from Castellan Capital, maturity March 1, 2025, ~$147,000/month payments
Team
- Sponsor
- Bedford Star LLC
- Principals
- Bernard Jacobowitz, Joel Braver, Yoel Jacobowitz
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lender
- Investors Bank
- Buyer's lender
- ABC Mortgage CorpThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 205
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 908 Bedford Avenue Condominiumnext door · 18 units · 2023
- 902 Bedford Avenue Condominiumnext door · 8 units · 2023
- 128 Skillman Street Condominiumnext door · 12 units · 2002
- Chocolate Factory Condominiumnext door · 45 units · 2002
- Rose Tree Condo Associationnext door · 3 units · 2024
- Spencer Street Condominium0.1 mi · 82 units · 42 parking · 2020
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