THE CONDO BOOK PROJECT

1725 68th Street Condominium

1725 68th Street, Brooklyn, NY 11204

Overview

Units
8 residential · 5 parking
Subway
5 min walk to 18 Av N71 St D, 7 min
Principals
Sammy Yu, Chi Hong Li, Wai Yam Wong
Average $/sf
$955Homes in Schedule A, as first offered
Common charges
$285–$296 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
Offering price
$7.13 million total

The sponsor of record is 1725 Development LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 249 pages. The sponsor has filed 3 amendments, the latest in May 2026. The nearest other condo plan on file is 6809, 6813 & 6815 17th Avenue Condominium, next door.

Plan CD230227 · New · accepted Jan 6, 2025 · AG record ↗

Compare

FigureThis building1Dyker211 units · 1 miaccepted 2024816 58th310 units · 1.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.33Lowest$0.54$0.50
Average Offering PricePer Apartment$843,750Below peers$857,891$869,128
Average PricePer Square Foot$955In line$986$935
Property TaxesPer Square Foot / Month$0.84In line$0.62$0.94
Average Unit SizeSquare Feet883 SFIn line870 SF929 SF

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Unit mix, closings, budgets, finishes and the team, against Dyker and 816 58th, 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.

Closings Pro

Homes closed13% of the homes in Schedule A1 of 8
Closing prices vs. Schedule A1 home: $814,600 at closing against $855,000 in Schedule A (p. 37)−4.7%
Average closing price1 home, on their Schedule A square feet$962 / SF
Closingsfirst and latest recordedJun 9, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 1 closings
HomeRecordedClosing priceSchedule ADifference
2Jun 9, 2026$814,600$855,000 p. 37−4.7%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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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
1725 Development LLC
Principals
Sammy Yu, Chi Hong Li, Wai Yam Wong
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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