THE CONDO BOOK PROJECT

979 Lafayette Avenue Condominium

979 Lafayette Avenue, Brooklyn, NY 11221

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Overview

979 Lafayette Avenue is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted April 2022 · 323 pages · floor plans on page 32
  • Finishes: Hardwood floors, quartz kitchen countertops, laminate cabinets, Blomberg appliances, washer/dryer hook-ups, Kohler bathroom fittings and split-system units for heating and cooling
  • Prices: $1,088 a square foot on average, as first offered; $3.65 million in all ($3.6 million when first offered)
  • Common charges: $387–$539 a month, the sponsor's first-year estimate
  • Developer: Stateview Management; principals Abraham Karpen
  • Sponsor: 979 Lafayette Realty LLC, represented by Jeffrey Zwick & Associates, P.C.
  • Neighborhood: Bedford-Stuyvesant, Brooklyn
  • Subway: 6-minute walk to Kosciuszko St (J); 9 minutes to Myrtle Av (J, M, Z)
  1. SubmittedSeptember 2021
  2. AcceptedApril 2022
  3. First sale
  4. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Nov 30, 2023.

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 979 Lafayette Avenue's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 3 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 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
979 Lafayette Realty LLC
Developer
Stateview Management
Principals
Abraham Karpen
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Loan Funder$1.23 million recorded

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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The Condo Book Project Are 979 Lafayette Avenue's common charges high for the area? No, they're on the low side. 979 Lafayette Avenue budgets $0.42 per square foot a month, against a $0.46 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?