THE CONDO BOOK PROJECT

Lucky Property Condominium

611 53rd Street, Brooklyn, NY 11220

Overview

Units
7 residential · 1 commercial
Subway
7 min walk to 53 St R8 Av N, 12 min
Principals
Mingwei Lu
Offering price
$3.39 million total

The sponsor of record is Lucky Property 888 LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 326 pages. The sponsor has filed 3 amendments, the latest in September 2026. The nearest other condo plan on file is C & L Condominium, next door.

Plan CD240300 · New · accepted Jul 22, 2025 · AG record ↗

Compare

FigureThis building1Rol Modern29 units · 0.4 miaccepted 2025928 57th36 units · 0.5 miaccepted 2025
Average Offering PricePer Apartment$484,286Lowest$648,178$771,500

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Unit mix, closings, budgets, finishes and the team, against Rol Modern and 928 57th, 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 closed86% of the homes in the plan6 of 7
Closingsfirst and latest recordedDec 23, 2025 – Jun 15, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 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 6 closings
HomeRecordedClosing priceSchedule ADifference
2ADec 23, 2025$349,830——
3ADec 23, 2025$354,900——
1ADec 30, 2025$590,585——
4BDec 30, 2025$349,830——
2BMar 19, 2026$344,760——
3BJun 15, 2026$349,830——

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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
Lucky Property 888 LLC
Principals
Mingwei Lu
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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