THE CONDO BOOK PROJECT

Ridge Park Condominium

7504 Bay Parkway, Brooklyn, NY 11214

Compare

Overview

Units
10 residential · 1 commercial
Subway
8 min walk to Bay Pkwy NKings Hwy N, 11 min
Principals
Roger Wai Ming Chan, William Man Wai Wu, Wing Ken Chow, Xing Zhou ("Xing Day")
Average $/sf
$792Homes in Schedule A, as first offered
Common charges
$268–$389 a monthSponsor's first-year estimate in Schedule A, April 1, 2021 - March 31, 2022
Offering price
$8.88 million total $8.77 million when first offered

The sponsor of record is The Ridge Park LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 238 pages. The sponsor has filed 6 amendments, the latest in November 2024. The nearest other condo plan on file is Bay Plaza Condominium, next door.

Plan CD200139 · New · accepted Mar 12, 2021 · AG record ↗

Compare

FigureThis building1Tower 85211 units · 0.5 miaccepted 202116 Bay 25th310 units · 0.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.40In line$0.56$0.40
Average Offering PricePer Apartment$627,000Below peers$714,333$851,800
Average PricePer Square Foot$792In line$730$906
Property TaxesPer Square Foot / Month$0.89Highest$0.47$0.72
Average Unit SizeSquare Feet791 SFSmallest979 SF940 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Tower 85 and 16 Bay 25th, cited to the offering plans. No credit card required.

Create a free account
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 A10 of 10
Closing prices vs. Schedule A10 homes: $6,455,705 at closing against $6,270,000 in Schedule A (p. 34)+3%
Average closing price10 homes, on their Schedule A square feet$816 / SF
Closingsfirst and latest recordedJul 25, 2022 – Mar 10, 2025

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 10 closings
HomeRecordedClosing priceSchedule ADifference
5AJul 25, 2022$570,220$565,000 p. 34+0.9%
2AJul 28, 2022$580,403$550,000 p. 34+5.5%
6AAug 1, 2022$605,859$570,000 p. 34+6.3%
4AAug 2, 2022$585,494$560,000 p. 34+4.6%
4BAug 2, 2022$692,410$690,000 p. 34+0.3%
5BAug 4, 2022$697,501$695,000 p. 34+0.4%
3AAug 30, 2022$610,950$560,000 p. 34+9.1%
6BNov 1, 2022$712,775$700,000 p. 34+1.8%
3BJun 13, 2024$697,501$690,000 p. 34+1.1%
2BMar 10, 2025$702,593$690,000 p. 34+1.8%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
The Ridge Park LLC
Principals
Roger Wai Ming Chan, William Man Wai Wu, Wing Ken Chow, Xing Zhou ("Xing Day")
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$4.2 million recorded

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

Nearby