Hang Seng Tower
5805 7th Avenue, Brooklyn, NY 11220
Overview
- Units
- 26 residential · 1 parking · 2 commercial
- Subway
- 4 min walk to 8 Av N59 St N R, 10 min
- Principals
- Chiu Wong, Wei Ming Wong, Yun Yun Hui
- Average $/sf
- $852Homes in Schedule A, as first offered
- Offering price
- $17.2 million total
- Floor plans
- Page 17 of the plan
The sponsor of record is Hang Seng Capital Group, LLC, represented by Harold L. Gruber, P.C.. The offering plan runs 250 pages. The sponsor has filed 6 amendments, the latest in April 2025. The nearest other condo plan on file is 714 59th Street Condominium, next door.
Plan CD070609 · New · accepted Apr 4, 2008 · AG record ↗
Compare
| Figure | This building1 | Forum225 units · 0.2 miaccepted 2008 | 904 Pacific321 units · 3.8 miaccepted 2009 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.59Above peers | $0.56 | $0.45 |
| Average Offering PricePer Apartment | $663,439Below peers | $690,600 | $701,190 |
| Average PricePer Square Foot | $852Highest | $704 | $733 |
| Average Unit SizeSquare Feet | 779 SFSmallest | 981 SF | 957 SF |
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Unit mix, closings, budgets, finishes and the team, against Forum and 904 Pacific, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed69% of the homes in Schedule A | 18 of 26 |
| Closing prices vs. Schedule A18 homes: $7,456,432 at closing against $10,900,841 in Schedule A (p. 15) | −31.6% |
| Average closing price18 homes, on their Schedule A square feet | $583 / SF |
| Closingsfirst and latest recorded | May 7, 2009 – Jun 2, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 18 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5E | May 7, 2009 | $342,732 | $467,600 p. 15 | −26.7% |
| 3B | Jun 26, 2009 | $378,222 | $562,275 p. 15 | −32.7% |
| 5D | Jun 26, 2009 | $400,530 | $620,375 p. 15 | −35.4% |
| 4B | Jul 2, 2009 | $365,345 | $562,275 p. 15 | −35% |
| 3D | Jul 9, 2009 | $401,544 | $620,375 p. 15 | −35.3% |
| 4C | Jul 22, 2009 | $425,880 | $673,050 p. 15 | −36.7% |
| 5C | Sep 3, 2009 | $436,850 | $673,050 p. 15 | −35.1% |
| 6B | Sep 3, 2009 | $253,500 | $440,475 p. 15 | −42.4% |
| 6A | Sep 22, 2009 | $446,972 | $695,975 p. 15 | −35.8% |
| 5B | Sep 23, 2009 | $375,180 | $562,275 p. 15 | −33.3% |
| 3E | Nov 4, 2009 | $275,808 | $467,600 p. 15 | −41% |
| 6D | Nov 4, 2009 | $329,550 | $445,725 p. 15 | −26.1% |
| 3C | Feb 2, 2010 | $433,992 | $673,050 p. 15 | −35.5% |
| 4E | Feb 9, 2010 | $342,732 | $467,600 p. 15 | −26.7% |
| 3A | Mar 2, 2010 | $405,600 | $736,050 p. 15 | −44.9% |
| 5A | Jul 14, 2010 | $476,580 | $736,050 p. 15 | −35.3% |
| 6C | Sep 19, 2022 | $865,513 | $876,666 p. 15 | −1.3% |
| 4D | Jun 2, 2025 | $499,902 | $620,375 p. 15 | −19.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Hang Seng Capital Group, LLC
- Principals
- Chiu Wong, Wei Ming Wong, Yun Yun Hui
- Counsel
- Harold L. Gruber, P.C.
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lender
- United Commercial BankLender on the mortgage and building loan agreement recorded September 2008 in ACRIS; $9.01 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 714 59th Street Condominiumnext door · 6 units · 2021
- 720 57th Street Condominiumnext door · 18 units · 9 parking · 2011
- Sunlight Condominiumnext door · 6 units
- Trahall Plaza Condominiumnext door · 12 units · 2010
- 745 58th Street Condominiumnext door · 5 units · 2009
- 763 58th Street Condominiumnext door · 6 units · 2012