THE CONDO BOOK PROJECT

One Powers Street Condominium

One Powers Street, Brooklyn, NY 11211

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Overview

One Powers Street is a 31-unit condo in Brooklyn, with 16 parking units and 3 commercial units.

  • Offering plan: Accepted April 2008 · 425 pages · floor plans on page 244
  • Finishes: Factory painted plywood cabinets, washer/dryer hook-ups and through-wall PTAC units for heating and cooling
  • Prices: $23.4 million in all
  • Sponsor: Essex Market Development, LLC, represented by Jeffrey Zwick & Associates, P.C.; principals Howard Eisenberg, Iva Eisenberg and Murray Eisenberg
  • Neighborhood: Williamsburg, Brooklyn
  • Subway: 1-minute walk to Metropolitan Av/Lorimer St (G, L); 8 minutes to Hewes St (J, M)
  • Amendments: 13, the latest in June 2026
  1. SubmittedAugust 2009
  2. AcceptedApril 2008
  3. 13 amendments

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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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 →

Team

Sponsor
Essex Market Development, LLC
Principals
Howard Eisenberg, Iva Eisenberg, Murray Eisenberg
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection
Construction lender
Madison Realty Capital$14 million recorded
General contractor
JF Contracting Corp.Named on p. 35
Structural engineer
Goldstein Associates Consulting Engineers PCNamed on p. 35
MEP engineer
Sideris Engineers P.C.Mechanical, electrical and plumbing · Named on p. 35
Title agency
Lex Terrae, Ltd.The sponsor's title company for buyers; you can choose another · Agent for Old Republic National Title Insurance Company · Named on p. 181

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

Zoning

Zoning districts
R7A, R6BThe lot is split between two districts, the largest share first
Commercial overlay
C2-4

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

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