Bay Parkway Condominium
7608 Bay Parkway, Brooklyn, NY 11214
Overview
- Units
- 35 residential · 18 parking · 3 commercial
- Subway
- 9 min walk to Bay Pkwy NBay Pkwy D, 10 min
- Principals
- Gui Yang Wang (aka Tony Wang), Hui Zhen Kuang, Ze Shun Li
- Average $/sf
- $636Homes in Schedule A, as first offered
- Offering price
- $28.8 million total $23 million when first offered
- Floor plans
- Page 56 of the plan
The sponsor of record is 38 Group Inc., represented by Lawrence Lixin Yang, P.C.. The offering plan runs 283 pages. The sponsor has filed 7 amendments, the latest in September 2019. The nearest other condo plan on file is Bealin, next door.
Plan CD160088 · New · accepted Aug 19, 2016 · AG record ↗
Compare
| Figure | This building1 | Bay Vista238 units · 0.5 miaccepted 2016 | 1287 East 19th319 units · 1.9 miaccepted 2016 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.32Below peers | $0.33 | $0.33 |
| Average Offering PricePer Apartment | $577,658Above peers | $558,711 | $500,265 |
| Average PricePer Square Foot | $636In line | $715 | $550 |
| Average Unit SizeSquare Feet | 908 SFIn line | 782 SF | 909 SF |
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Unit mix, closings, budgets, finishes and the team, against Bay Vista and 1287 East 19th, 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.
Units & Prices
Closings Pro
| Homes closed92% of the homes in Schedule A | 35 of 38 |
| Closing prices vs. Schedule A29 homes: $17,832,670 at closing against $14,794,000 in Schedule A (p. 25, p. 26) | +20.5% |
| Average closing price29 homes, on their Schedule A square feet | $783 / SF |
| Closingsfirst and latest recorded | Jul 21, 2017 – Oct 28, 2019 |
Sales recorded with the Department of Finance (ACRIS) through Jul 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 35 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6A | Jul 21, 2017 | $619,096 | $490,000 p. 26 | +26.3% |
| 6E | Jul 25, 2017 | $507,000 | $426,000 p. 26 | +19% |
| 8D | Jul 25, 2017 | $666,954 | — | — |
| 6C | Jul 28, 2017 | $486,720 | $621,000 p. 26 | −21.6% |
| 7C | Jul 28, 2017 | $499,902 | $507,000 p. 26 | −1.4% |
| 3A | Aug 9, 2017 | $600,768 | $490,000 p. 25 | +22.6% |
| 7A | Aug 9, 2017 | $666,954 | $490,000 p. 26 | +36.1% |
| 7D | Aug 9, 2017 | $751,469 | $582,000 p. 26 | +29.1% |
| 5E | Aug 16, 2017 | $462,384 | $426,000 p. 26 | +8.5% |
| 7B | Aug 18, 2017 | $601,786 | $482,000 p. 26 | +24.9% |
| 6B | Sep 25, 2017 | $575,311 | $482,000 p. 26 | +19.4% |
| 5D | Oct 6, 2017 | $722,958 | $582,000 p. 25 | +24.2% |
| 3E | Oct 10, 2017 | $641,498 | $504,000 p. 25 | +27.3% |
| 5C | Oct 12, 2017 | $794,235 | $621,000 p. 25 | +27.9% |
| 3C | Oct 17, 2017 | $641,498 | $546,000 p. 25 | +17.5% |
| 8A | Nov 14, 2017 | $701,574 | — | — |
| 2F | Nov 30, 2017 | $595,676 | $467,000 p. 25 | +27.6% |
| 2E | Dec 6, 2017 | $410,670 | $504,000 p. 25 | −18.5% |
| 7E | Dec 11, 2017 | $563,092 | $455,000 p. 26 | +23.8% |
| 7F | Jan 9, 2018 | $573,275 | — | — |
| 8B | Mar 15, 2018 | $600,768 | — | — |
| 2A | Apr 23, 2018 | $590,585 | $490,000 p. 25 | +20.5% |
| 3F | Jun 8, 2018 | $580,403 | $467,000 p. 25 | +24.3% |
| 2B | Jun 22, 2018 | $656,771 | $482,000 p. 25 | +36.3% |
| 3D | Jun 26, 2018 | $772,688 | $582,000 p. 25 | +32.8% |
| 5B | Jun 26, 2018 | $652,148 | $482,000 p. 25 | +35.3% |
| 6D | Jun 29, 2018 | $784,053 | $582,000 p. 26 | +34.7% |
| 5A | Aug 3, 2018 | $610,950 | $490,000 p. 25 | +24.7% |
| 8E | Oct 26, 2018 | $519,308 | — | — |
| 5F | Jan 25, 2019 | $558,510 | $467,000 p. 26 | +19.6% |
| 6F | Apr 3, 2019 | $585,494 | $467,000 p. 26 | +25.4% |
| 2D | Apr 8, 2019 | $720,921 | $582,000 p. 25 | +23.9% |
| 8C | Jun 13, 2019 | $646,589 | — | — |
| 3B | Sep 25, 2019 | $568,184 | $482,000 p. 25 | +17.9% |
| 2C | Oct 28, 2019 | $610,950 | $546,000 p. 25 | +11.9% |
Pro
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
- 38 Group Inc.
- Principals
- Gui Yang Wang (aka Tony Wang), Hui Zhen Kuang, Ze Shun Li
- Counsel
- Lawrence Lixin Yang, P.C.
- Construction lender
- Cathay Bank$7.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Bealinnext door · 10 units · 2024
- 7620 Bay Parkway Condominiumnext door · 18 units · 10 parking · 2006
- Bay Plaza Condominiumnext door · 44 units · 30 parking · 2018
- Ridge Park Condominiumnext door · 10 units · 2021
- 26 Avenue P Condominiumnext door · 21 units · 7 parking · 2018
- Kings Highway Luxury Condominiumnext door · 20 units · 2003