THE CONDO BOOK PROJECT

217 Bay 49th Street Condominium

217 Bay 49th Street, Brooklyn, NY 11214

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Overview

Units
6 residential · 1 parking
Subway
8 min walk to Bay 50 St DConey Island-Stillwell Av D F N Q, 18 min
Principals
Jing L. Li
Average $/sf
$748Homes in Schedule A, as first offered
Offering price
$3.31 million total

The sponsor of record is 217 Bay 49 St LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 239 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is 168 Bay 49th Street Condominium, next door.

Plan CD200147 · New · accepted Apr 6, 2022 · AG record ↗

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FigureThis building11683 West 7th211 units · 1.5 miaccepted 2022168 Bay 49th38 units · 0.1 miaccepted 2021
Common ChargesPer Square Foot / Month$0.26 ⚠Lowest$0.59$0.32
Average Offering PricePer Apartment$543,408In line$480,030$590,250
Average PricePer Square Foot$748In line$750$657
Average Unit SizeSquare Feet726 SFIn line640 SF898 SF

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Unit mix, closings, budgets, finishes and the team, against 1683 West 7th and 168 Bay 49th, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed83% of the homes in Schedule A5 of 6
Closing prices vs. Schedule A5 homes: $2,247,462 at closing against $2,613,950 in Schedule A (p. 27)−14%
Average closing price5 homes, on their Schedule A square feet$631 / SF
Closingsfirst and latest recordedMar 29, 2023 – Jul 21, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 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 5 closings
HomeRecordedClosing priceSchedule ADifference
2BMar 29, 2023$389,376$384,300 p. 27+1.3%
3BMar 29, 2023$288,990$401,250 p. 27−28%
2AMar 30, 2023$369,096$364,000 p. 27+1.4%
4AOct 7, 2024$630,000$700,700 p. 27−10.1%
3AJul 21, 2025$570,000$763,700 p. 27−25.4%

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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
217 Bay 49 St LLC
Principals
Jing L. Li
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection

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

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