THE CONDO BOOK PROJECT

Wanlong Condominium

643 5th Avenue, Brooklyn, NY 11215

Overview

Units
21 residential · 11 parking · 1 commercial
Subway
5 min walk to Prospect Av R25 St R, 10 min
Principals
Gang Wing Li, Xiang Chao Shao
Average $/sf
$1,402Homes in Schedule A, as first offered
Common charges
$218–$587 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 to June 30, 2026
Offering price
$24.1 million total

The sponsor of record is Wan Long Realty LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 334 pages. The sponsor has filed 4 amendments, the latest in July 2026. The nearest other condo plan on file is Hutwelker Condominium, next door.

Plan CD240254 · New · accepted Mar 21, 2025 · AG record ↗

Compare

FigureThis building1Lumina226 units · 0.2 miaccepted 2024Ainsley328 units · 0.3 miaccepted 2025
Common ChargesPer Square Foot / Month$0.73In line$1.05$0.51
Average Offering PricePer Apartment$835,267Lowest$1.29M$1.7M
Average PricePer Square Foot$1,402In line$1,316$1,563
Property TaxesPer Square Foot / Month$0.39Lowest$0.96$1.45
Average Unit SizeSquare Feet596 SFSmallest981 SF1,086 SF

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Unit mix, closings, budgets, finishes and the team, against Lumina and Ainsley, 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.

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
Wan Long Realty LLC
Principals
Gang Wing Li, Xiang Chao Shao
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection
Construction lender
Preferred Bank

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

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