THE CONDO BOOK PROJECT

Belvedere Xc Condominium

91 Clay Street, Brooklyn, NY 11222

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Overview

Belvedere Xc is an 8-unit condo in Brooklyn.

  • Offering plan: Accepted April 2020 · 398 pages · floor plans on page 44
  • Finishes: Hardwood floors, granite kitchen countertops, GE and General Electric appliances, a washer and dryer in each apartment, American Standard bathroom fittings and radiant floor heat with ducted split AC for heating and cooling
  • Prices: $1,212 a square foot on average, as first offered; $8.55 million in all
  • Common charges: $241–$564 a month, the sponsor's first-year estimate
  • Sponsor: 91 Clay Properties LLC, represented by Maria Christine Bielesz Attorney At Law; principals Krzysztof Rostek and Moshe Pasman
  • Neighborhood: Greenpoint, Brooklyn
  • Subway: 7-minute walk to Greenpoint Av (G); 11 minutes to Vernon Blvd-Jackson Av (7)
  • Amendments: 3, the latest in September 2021
  1. SubmittedJuly 2020
  2. AcceptedApril 2020
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Jun 30, 2022.

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 Belvedere Xc's common charges compare with similar buildings? →

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 →

Amendments

Amendment 2 Feb 25, 2021

Three units closed with actual prices, Certificate of Occupancy issued, reserve fund and working capital established.

  • Unit 5A closed November 17, 2020 at $1,799,000
  • Unit 1B closed November 23, 2020 at $1,549,000
  • Unit 4A closed February 4, 2021 at $789,000
  • Final Certificate of Occupancy issued January 8, 2021
  • Reserve Fund of $651.44 deposited at JP Morgan Chase Bank
  • Working capital of $2,097.99 deposited at JP Morgan Chase Bank
  • First post-closing Board meeting tentatively scheduled July 30, 2021
  • Offering Plan term extended to later of first anniversary of filing or six months from this amendment
What the amendment changed, line by lineSee it free →

Team

Sponsor
91 Clay Properties LLC
Principals
Krzysztof Rostek, Moshe Pasman
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
General contractor
Bridge Zale ConstructHeld the general construction permit on DOB job 321666559
Title agency
CORE Title Services, LLCThe sponsor's title company for buyers; you can choose another · Agent for Fidelity National Title Insurance Company · Named on p. 95

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 Belvedere Xc's common charges high for the area? No, they're on the low side. Belvedere Xc budgets $0.38 per square foot a month, against a $0.55 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?