THE CONDO BOOK PROJECT

Kibo Residences

155 Hope Street, Brooklyn, NY 11211

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Overview

Units
8 residential
Subway
1 min walk to Metropolitan Av/Lorimer St G LHewes St J M, 9 min
Principals
Allen Liu, Bernice Luk, Luo Sheng Chen
Common charges
$463–$1,036 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 - December 31, 2026
Offering price
$19.3 million total $17.4 million when first offered

The sponsor of record is Prime Williamsburg Holding LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 349 pages. The sponsor has filed 1 amendment, the latest in March 2026. The nearest other condo plan on file is 395 Union Avenue Condominium, next door.

Plan CD250156 · Rehab · accepted Dec 29, 2025 · AG record ↗

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FigureThis building196 Ellery27 units · 1 miaccepted 2026Manhattan Belle36 units · 1.7 miaccepted 2025
Average Offering PricePer Apartment$2.28MAbove peers$1.84M$2.14M

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Unit mix, closings, budgets, finishes and the team, against 96 Ellery and Manhattan Belle, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Prime Williamsburg Holding LLC
Principals
Allen Liu, Bernice Luk, Luo Sheng Chen
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$7.5 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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