THE CONDO BOOK PROJECT

917 St. Marks Condominium

917 St. Marks Avenue, Brooklyn, NY 11213

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Overview

917 St. Marks is a 4-unit condo in Brooklyn.

  • Offering plan: Accepted June 2020 · 282 pages · floor plans on page 89
  • Finishes: Wood floors, marble kitchen countertops, Italkraft cabinets, Liebherr, Zline and Bosch appliances, washer/dryer hook-ups, Kohler bathroom fittings and split-system units for heating and cooling
  • Prices: $1,002 a square foot on average, as first offered; $4.88 million in all
  • Common charges: $669–$1,136 a month, the sponsor's first-year estimate
  • Developer: Lafayette Real Assets Management, LLC
  • Sponsor: Saint Marks 917 LLC, represented by Law Offices Of E. Michael Rosenstock, P.C.
  • Subway: 8-minute walk to Kingston-Throop Avs (C); 9 minutes to Kingston Av (3)
  • Amendments: 2, the latest in September 2021
  1. SubmittedFebruary 2021
  2. AcceptedJune 2020
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 4 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2026.

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 917 St. Marks'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 2022

Incorporates final declaration and maps, confirms unit closings, establishes board of managers, satisfies underlying mortgage, and revises operating budget.

  • Final Declaration of Condominium recorded August 4, 2021; final maps recorded August 10, 2021
  • Units assigned tax lot numbers: Unit 1 (Lot 1101), Unit 2 (Lot 1102), Unit 3 (Lot 1103), Unit 4 (Lot 1104)
  • First three unit closings completed: Unit 4PH September 17, 2021; Unit 1 September 29, 2021; Unit 2 January 5, 2022
  • Sponsor's mortgage with Lafayette RE LLC paid in full upon Unit 2 closing
  • Board of Managers elected January 18, 2022: Melchior Scholler and Maysaa Halloway (Sponsor designees), Emily Durling (Unit 2 owner)
  • Carrying charges accrual began October 1, 2021
  • Final Certificate of Occupancy issued December 18, 2020
  • First year budget (October 1, 2021–September 30, 2022) increased by approximately 11.25% due to increased labor costs for part-time superintendent

Amendment 1 2021

Plan declared effective after two purchasers accepted, representing 50% of units offered.

  • Plan declared effective February 12, 2021
  • Two of four units (50%) have accepted Purchase Agreements
  • First Unit Closing to be scheduled after First Amendment acceptance and Declaration of Condominium recording
  • No material changes to budget for first year of operation
What each amendment changed, line by lineSee it free →

Team

Sponsor
Saint Marks 917 LLC
Developer
Lafayette Real Assets Management, LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Title agency
All Area Abstract LLCThe sponsor's title company for buyers; you can choose another · Named on p. 77

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6
Commercial overlay
C1-3

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 917 St. Marks's common charges high for the area? Yes, they're on the high side. 917 St. Marks budgets $0.64 per square foot a month, against a $0.38 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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