NYC Coop Abatement Property Taxes

Photo by Mary Hautman

If you pay taxes on a condo or co-op in this city, you may feel like you’re getting screwed. NYC has a bafflingly complicated property tax structure that’s inherently unfair to co-op and condo owners. And the city knows it.

Which is why they created the co-op and condo tax abatement. Taking advantage of this break can shave hundreds to thousands of dollars a year off of a condo owner or co-op shareholder’s tax bills. Here’s how. (more…)

Dumbo Brooklyn Condo for Sale -- 185 Plymouth Street

This Dumbo loft, in a converted warehouse at 185 Plymouth Street, is giant, with 13.5-foot ceilings and nearly 3,000 square feet of space. It’s awfully nice as well, with exposed timber beams and posts, massive windows, and a view that takes in the Manhattan Bridge, the river and the city skyline.

The living room, dining room and kitchen are open plan, as you’d want from a loft, and it makes for a vast and striking space. The bedrooms — three of them — reside at the opposite end. Respectable in size, they feature exposed brick, floor-to-ceiling windows and more of those wooden beams. (more…)

Brooklyn Developer Renovate Condos 85 Adams

Photos of Shaya Boymelgreen (top left) and Eric Schneiderman (bottom left) via Vos Iz Neias. Photo of 85 Adams Street by Fleur Losfeld

Finally, a little relief for the long-suffering condo owners at troubled building 85 Adams Street in Dumbo. After years of litigation, two once-prolific luxury developers accused of fraud have reached an agreement with the state to repair and relinquish control of the building and two others in Manhattan.

Meanwhile, one of the developers, Shaya Boymelgreen, remains under investigation for fraud at the building and others elsewhere in Brooklyn and Manhattan.

(more…)

Carroll Gardens Brooklyn Condo for Sale -- 291 Union Street

This 1,809-square-foot unit is the first resale at Sackett Union, the Carroll Gardens condo building that opened its doors at 291 Union Street in 2013. It’s got three bedrooms, two and a half baths, and a daunting price tag: $2,750,000, or just above $1,500 a square foot.

The place is enormous, bigger even than an old-school co-op, but with a modern layout. Among other things, that means an open-plan living room/dining room/kitchen, measuring 30 feet wide, with a wall of windows. (more…)

Park Slope Brooklyn Condo for Sale -- 25 Eighth Avenue

Brooklyn condos don’t get much more regal than this 10-room showstopper in Park Slope’s Montauk Club. Grand, richly detailed and in flawless condition, it’s a sight to behold, from the banks of stained glass windows and the coffered ceilings to the columns and the fireplace mantels.

The palatial unit takes up an entire floor of the 19th-century building, spreading 4,200 square feet. There are five bedrooms, four bathrooms (two half and two full), giant living and dining rooms, and an outdoor terrace overlooking Prospect Park and Grand Army Plaza. (more…)

320-washington-2

Today’s condo sits within the former Graham Home for the Old Ladies at 320 Washington Avenue in Clinton Hill. We favor the 1851 building both for that irresistible name and for its Romanesque Revival splendor. The unit is a two-bedroom on the ground floor, priced at $1,185,000.

The interiors of the building, which went condo in 2001, don’t match the exterior for character and detail. But this apartment is perfectly pleasant, with a sensible layout and ceilings of decent height.

The bedrooms are both amply sized, closets are generous, and there’s a stackable washer and dryer in a closet off the foyer. The kitchen is small but nice and well arranged, with black granite countertops and a breakfast bar that opens into the living/dining space. (more…)

South Slope Luxury Condo

Sales will launch and listings will go up this week for four luxury homes in South Slope’s 192 15th Street, Compass listing agent Gabriele Sewtz told Brownstoner. The newly constructed walk-up building is sandwiched by the area’s traditional crop of historic wood frame and brick houses. Units have 11-foot ceilings and four-inch-wide oak plank floors.

The loft-like homes will range in price from $1,495,000 to $2,295,000, she said. Luxury features include central A/C, heated bathroom floors, oversized showers and tubs, and Pella windows.

(more…)

Vinegar Hill luxury condo development Waterbridge 47 launched sales last week of its two remaining penthouse units, putting both listings up online with previously unseen photos. As it happens, the first of these, Penthouse A, was already in contract, leaving only Penthouse B available.

Both feature open-plan dining and kitchen areas with wraparound windows, terraces and views. The kitchens have stainless steel appliances, Cararra marble islands and white glass and lacquer cabinetry. There are also herringbone patterned tile backsplashes. (more…)