THE CONDO BOOK PROJECT

229 55th Street Condominium

229 55th Street, Brooklyn, NY 11220

Overview

Units
7 residential · 4 parking · 2 commercial
Subway
6 min walk to 53 St R59 St N R, 8 min
Offering price
$6 million total $5.74 million when first offered

The sponsor of record is Ng1 LLC, represented by The Law Office Of Jay Lichtman, P.C.. The sponsor has filed 7 amendments, the latest in August 2025. The nearest other condo plan on file is 235 55th Street Condominium, next door.

Plan CD170323 · New · accepted Jul 17, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan7 of 7
Closingsfirst and latest recordedNov 18, 2021 – Dec 2, 2025

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 7 closings
HomeRecordedClosing priceSchedule ADifference
4BNov 18, 2021$547,819one deed, 2 homes——
2ADec 1, 2021$415,740——
3AMay 16, 2022$648,625one deed, 2 homes——
2BMay 17, 2022$570,220——
4ANov 7, 2022$610,849——
3BOct 1, 2025$631,315one deed, 2 homes——
5Dec 2, 2025$733,140one deed, 2 homes——

Pro

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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Team

Sponsor
Ng1 LLC

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

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