THE CONDO BOOK PROJECT

Mapleton I Condominium

2345 60th Street, Brooklyn, NY 11204

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Overview

Units
18 residential · 9 parking · 1 storage · 2 commercial
Subway
4 min walk to Avenue N FAvenue P F, 9 min
Developers
CWL Realty LLC, New City View Corp.
Principals
Geng Chen, Lusi Huang, Rong Jia Chen, Rong Zong Chen, Shi Hua Chen
Average $/sf
$945Homes in Schedule A, as first offered
Offering price
$14.2 million total

The sponsor of record is 2345 60th Street LLC, represented by Paul A. Leff, Esq.. The offering plan runs 284 pages. The sponsor has filed 4 amendments, the latest in April 2026. The nearest other condo plan on file is 1380 Dahill Road Condominium, next door.

Plan CD200222 · New · accepted Feb 23, 2021 · AG record ↗

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FigureThis building11721 W. 6th215 units · 0.7 miaccepted 202116 Bay 25th310 units · 1.4 miaccepted 2021
Common ChargesPer Square Foot / Month$1.04Highest$0.33$0.40
Average Offering PricePer Apartment$578,611Lowest$720,960$851,800
Average PricePer Square Foot$945Above peers$900$906
Average Unit SizeSquare Feet612 SFSmallest801 SF940 SF

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Unit mix, closings, budgets, finishes and the team, against 1721 W. 6th and 16 Bay 25th, 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 closed39% of the homes in Schedule A7 of 18
Closing prices vs. Schedule A7 homes: $3,487,624 at closing against $3,505,000 in Schedule A (p. 28, p. 29)−0.5%
Average closing price7 homes, on their Schedule A square feet$922 / SF
Closingsfirst and latest recordedJan 13, 2022 – Jun 13, 2024

Sales recorded with the Department of Finance (ACRIS) through Mar 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 7 closings
HomeRecordedClosing priceSchedule ADifference
4CJan 13, 2022$556,335$490,000 p. 28+13.5%
3DFeb 18, 2022$467,500$450,000 p. 28+3.9%
3BFeb 23, 2022$585,000$625,000 p. 28−6.4%
4DMar 29, 2022$493,000$460,000 p. 29+7.2%
3CMar 31, 2022$456,300$480,000 p. 28−4.9%
5ASep 15, 2022$529,490$530,000 p. 29−0.1%
5DJun 13, 2024$399,999$470,000 p. 29−14.9%

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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
2345 60th Street LLC
Developers
CWL Realty LLC, New City View Corp.
Principals
Geng Chen, Lusi Huang, Rong Jia Chen, Rong Zong Chen, Shi Hua Chen
Tax estimate
Key Worthy LLCPrepared the first-year real estate tax projection
Construction lender
Royal Business Bank$5.7 million loan stated in the plan

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

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