THE CONDO BOOK PROJECT

73 Bay 47th Street Condominium

73 Bay 47th Street, Brooklyn, NY 11214

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Overview

Units
9 residential · 7 parking
Subway
5 min walk to Bay 50 St D25 Av D, 13 min
Principals
Francesco Mancini
Average $/sf
$789Homes in Schedule A, as first offered
Common charges
$178–$344 a monthSponsor's first-year estimate in Schedule A, January 1, 2018 through December 31, 2018
Offering price
$7.42 million total $7.33 million when first offered

The sponsor of record is 73 Bay 47th LLC, represented by Paul A. Leff, Esq.. The offering plan runs 245 pages. The sponsor has filed 5 amendments, the latest in March 2021. The nearest other condo plan on file is 28th Avenue Condominium, next door.

Plan CD160412 · New · accepted Jun 7, 2017 · AG record ↗

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FigureThis building11737 81st26 units · 1.7 miaccepted 2017179 West End310 units · 1.9 miaccepted 2020
Common ChargesPer Square Foot / Month$0.27Below peers$0.29$0.45
Average Offering PricePer Apartment$800,556In line$716,000$830,833
Average PricePer Square Foot$789Below peers$835$803
Property TaxesPer Square Foot / Month$0.44In line$0.45$0.06
Average Unit SizeSquare Feet1,014 SFIn line857 SF1,035 SF

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Unit mix, closings, budgets, finishes and the team, against 1737 81st and 179 West End, 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 closed100% of the homes in Schedule A9 of 9
Closing prices vs. Schedule A9 homes: $5,076,309 at closing against $7,205,000 in Schedule A (p. 23, p. 24)−29.5%
Average closing price9 homes, on their Schedule A square feet$556 / SF
Closingsfirst and latest recordedMar 18, 2020 – Jan 28, 2022

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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 9 closings
HomeRecordedClosing priceSchedule ADifference
2AMar 18, 2020$551,382$800,000 p. 23−31.1%
2CMar 27, 2020$570,220$880,000 p. 24−35.2%
2BApr 17, 2020$536,414$675,000 p. 23−20.5%
1AJan 8, 2021$560,038$850,000 p. 23−34.1%
3CJan 29, 2021$600,000$825,000 p. 24−27.3%
1CMar 8, 2021$549,855$825,000 p. 23−33.4%
3ASep 3, 2021$573,051$850,000 p. 23−32.6%
1BNov 15, 2021$565,129$750,000 p. 23−24.6%
3BJan 28, 2022$570,220$750,000 p. 23−24%

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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
73 Bay 47th LLC
Principals
Francesco Mancini

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

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