THE CONDO BOOK PROJECT

965 Condominium

965 43rd Street, Brooklyn, NY 11219

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Overview

965 is an 8-unit condo in Brooklyn, with 2 commercial units.

  • Offering plan: Accepted May 2017 · 308 pages · floor plans on pages 182–185
  • Finishes: Wood floors and GE appliances
  • Prices: $809 a square foot on average, as first offered; $4.86 million in all ($5.01 million when first offered)
  • Sponsor: 965 43 Street Realty LLC, represented by S. Seth Yavne, Attorney At Law; principals Ke An Chen
  • Subway: 3-minute walk to Fort Hamilton Pkwy (D); 7 minutes to 9 Av (D)
  • Amendments: 2, the latest in May 2018
  1. SubmittedOctober 2017
  2. AcceptedMay 2017
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 10 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 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 965's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

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 May 25, 2018

Extension of plan usage period, confirmation of Final Certificate of Occupancy, and updates on unit closings and remaining unsold units.

  • Plan extended for six (6) months from amendment acceptance date
  • Final Certificate of Occupancy obtained October 18, 2017
  • Eight (8) units closed between February 7, 2018 and April 12, 2018
  • Two (2) units remain for sale (Units 4A and 4C)
  • Common charges currently $508.93 monthly; real estate taxes $90.31
  • Working capital account at Chase Bank: $1,956.00; reserve fund: $3,000.00
  • Disclosure added regarding Tax Cuts and Jobs Act of 2017 impact on tax projections
  • Disclosure added regarding FinCEN Geographic Targeting Order cash purchase reporting requirements

Amendment 1 Oct 25, 2017

Plan declared effective after receiving purchase agreements for 40% of units; Schedule A prices and unit details revised.

  • Plan declared effective October 25, 2017 with 4 units (40% of total) under executed purchase agreements
  • Offering prices for Units 1C and 1A lowered in revised Schedule A
  • Approximate square footage areas revised for units
  • Common interest percentages revised for common charges excluding water and sewer and real estate taxes
  • Water and sewer use charges for commercial unit space corrected to $578.00 annually
  • Final Certificate of Occupancy obtained October 18, 2017
What each amendment changed, line by lineSee it free →

Team

Sponsor
965 43 Street Realty LLC
Principals
Ke An Chen
Tax estimate
SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
General contractor
Ke Ju ContractingHeld the general construction permit on DOB job 320627194

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

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The Condo Book Project Are 965's common charges high for the area? Yes, they're on the high side. 965 budgets $0.48 per square foot a month, against a $0.44 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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