Bay Plaza Condominium
7516 Bay Parkway, Brooklyn, NY 11214
Overview
- Units
- 44 residential · 30 parking · 3 commercial
- Subway
- 9 min walk to Bay Pkwy NBay Pkwy D, 11 min
- Principals
- Charles Luk, Chixin Fang, George Hall, Henry Chen, Michael Li, Yanfeng Chen
- Offering price
- $38.6 million total
- Floor plans
- Page 195 of the plan
The sponsor of record is Great Empire Bay Parkway Realty LLC, represented by Sichenzia Ross Ference LLP. The offering plan runs 305 pages. The sponsor has filed 2 amendments, the latest in June 2019. The nearest other condo plan on file is Ridge Park Condominium, next door.
Plan CD170211 · New · accepted Jul 12, 2018 · AG record ↗
Compare
| Figure | This building1 | Horizon At Webster263 units · 1.9 miaccepted 2018 | Onyx Square356 units · 1.8 miaccepted 2017 |
|---|---|---|---|
| Average Offering PricePer Apartment | $877,640Highest | $612,460 | $650,446 |
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Unit mix, closings, budgets, finishes and the team, against Horizon At Webster and Onyx Square, cited to the offering plans. No credit card required.
Create a free accountHow 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 the plan | 44 of 44 |
| Closingsfirst and latest recorded | Jun 20, 2019 – Sep 29, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 44 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3H | Jun 20, 2019 | $430,950 | — | — |
| 2H | Jun 28, 2019 | $391,404 | — | — |
| 5C | Jun 28, 2019 | $607,895 | — | — |
| 6H | Jul 12, 2019 | $503,654one deed, 2 homes | — | — |
| 3D | Jul 19, 2019 | $675,100 | — | — |
| 5H | Jul 29, 2019 | $456,300one deed, 2 homes | — | — |
| 4D | Jul 30, 2019 | $752,487one deed, 2 homes | — | — |
| 4C | Jul 31, 2019 | $597,713 | — | — |
| 4G | Aug 8, 2019 | $743,323one deed, 2 homes | — | — |
| 4H | Aug 8, 2019 | $435,006 | — | — |
| 6D | Aug 23, 2019 | $707,684 | — | — |
| 3G | Aug 27, 2019 | $753,658one deed, 2 homes | — | — |
| 3C | Aug 28, 2019 | $592,622 | — | — |
| 2F | Aug 29, 2019 | $590,585 | — | — |
| 3F | Aug 30, 2019 | $655,448one deed, 2 homes | — | — |
| 5D | Sep 4, 2019 | $610,421one deed, 2 homes | — | — |
| 5F | Sep 4, 2019 | $616,041 | — | — |
| 6C | Oct 15, 2019 | $681,209one deed, 2 homes | — | — |
| 2C | Oct 16, 2019 | $680,191one deed, 2 homes | — | — |
| 6F | Oct 16, 2019 | $612,987 | — | — |
| 7B | Oct 18, 2019 | $750,796one deed, 2 homes | — | — |
| 5E | Oct 29, 2019 | $585,494 | — | — |
| 6E | Feb 5, 2020 | $659,826one deed, 2 homes | — | — |
| 4E | Mar 6, 2020 | $631,315one deed, 2 homes | — | — |
| 4F | Mar 23, 2020 | $660,730one deed, 2 homes | — | — |
| 5G | May 28, 2020 | $582,002one deed, 2 homes | — | — |
| 2D | Jun 12, 2020 | $590,121one deed, 2 homes | — | — |
| 6G | Jul 24, 2020 | $590,064one deed, 2 homes | — | — |
| 7C | Jul 24, 2020 | $713,284one deed, 2 homes | — | — |
| 6A | Sep 1, 2020 | $743,323one deed, 2 homes | — | — |
| 3E | Sep 17, 2020 | $530,508 | — | — |
| 3A | Sep 21, 2020 | $659,826 | — | — |
| 5A | Oct 1, 2020 | $830,000 | — | — |
| 2G | Oct 9, 2020 | $528,624 | — | — |
| 6B | Nov 5, 2020 | $675,100one deed, 2 homes | — | — |
| 4A | Nov 30, 2020 | $728,329one deed, 2 homes | — | — |
| 4B | Dec 1, 2020 | $580,403 | — | — |
| 5B | Jan 19, 2021 | $535,411one deed, 2 homes | — | — |
| 2A | Feb 5, 2021 | $667,972 | — | — |
| 7D | Feb 9, 2021 | $641,498one deed, 2 homes | — | — |
| 2E | Feb 24, 2021 | $592,622 | — | — |
| 7A | Feb 24, 2021 | $641,498one deed, 2 homes | — | — |
| 3B | Mar 3, 2021 | $572,257 | — | — |
| 2B | Sep 29, 2021 | $593,640 | — | — |
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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
- Great Empire Bay Parkway Realty LLC
- Principals
- Charles Luk, Chixin Fang, George Hall, Henry Chen, Michael Li, Yanfeng Chen
- Counsel
- Sichenzia Ross Ference LLP
- Tax estimate
- SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Shanghai Commercial Bank$15 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Ridge Park Condominiumnext door · 10 units · 2021
- Bay Parkway Condominiumnext door · 35 units · 18 parking · 2016
- Bealinnext door · 10 units · 2024
- 7620 Bay Parkway Condominiumnext door · 18 units · 10 parking · 2006
- 26 Avenue P Condominiumnext door · 21 units · 7 parking · 2018
- Kings Highway Luxury Condominium0.1 mi · 20 units · 2003