THE CONDO BOOK PROJECT

1759 Condominium

1759 Bay Ridge Parkway, Brooklyn, NY 11204

Overview

Units
13 residential · 11 parking · 1 commercial
Subway
6 min walk to 79 St D71 St D, 9 min
Principals
Andy Weihan Ho, Xinlong Dai
Offering price
$10.2 million total $5.65 million when first offered

The sponsor of record is 933 60th Street Realty Inc., represented by Lawrence Lixin Yang, P.C.. The offering plan runs 339 pages. The sponsor has filed 6 amendments, the latest in January 2024. The nearest other condo plan on file is 1820 73rd Street Condominium, 0.1 mi away.

Plan CD210334 · New · accepted Nov 28, 2022 · AG record ↗

Compare

FigureThis building11654 84th212 units · 0.5 miaccepted 20221683 West 7th311 units · 1 miaccepted 2022
Average Offering PricePer Apartment$434,308Below peers$590,917$480,030

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Unit mix, closings, budgets, finishes and the team, against 1654 84th and 1683 West 7th, 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 closed100% of the homes in the plan13 of 13
Closingsfirst and latest recordedAug 15, 2023 – Mar 11, 2024

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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 20 closings
HomeRecordedClosing priceSchedule ADifference
3DAug 15, 2023$773,870one deed, 2 homes——
PS1Aug 15, 2023$773,870one deed, 2 homes——
3BAug 16, 2023$377,208one deed, 2 homes——
PS11Aug 16, 2023$377,208one deed, 2 homes——
2AAug 17, 2023$395,460——
3EAug 17, 2023$527,454——
4AAug 18, 2023$834,965one deed, 2 homes——
PS9Aug 18, 2023$834,965one deed, 2 homes——
2EAug 22, 2023$263,640——
3ASep 26, 2023$353,379one deed, 2 homes——
3CSep 26, 2023$641,498one deed, 2 homes——
PS2Sep 26, 2023$641,498one deed, 2 homes——
PS5Sep 26, 2023$353,379one deed, 2 homes——
4COct 31, 2023$463,905one deed, 2 homes——
PS3Oct 31, 2023$463,905one deed, 2 homes——
2BNov 9, 2023$563,092one deed, 2 homes——
PS4Nov 9, 2023$563,092one deed, 2 homes——
4BNov 14, 2023$352,872——
2DJan 10, 2024$407,628——
2CMar 11, 2024$610,950——

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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
933 60th Street Realty Inc.
Principals
Andy Weihan Ho, Xinlong Dai
Tax estimate
Lawrence Lixin Yang, P.C.Prepared the first-year real estate tax projection

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

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