850 57th Street Condominium
850 57th Street, Brooklyn, NY 11220
Overview
- Units
- 5 residential · 2 commercial
- Subway
- 7 min walk to 8 Av NFort Hamilton Pkwy N, 9 min
- Principals
- Bing Ru Zheng, Gu Chen
- Average $/sf
- $669Homes in Schedule A, as first offered
- Common charges
- $308–$677 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022
- Offering price
- $3.99 million total $3.98 million when first offered
- Floor plans
- Pages 199–200 of the plan
The sponsor of record is Winle Property LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 243 pages. The sponsor has filed 5 amendments, the latest in August 2025. The nearest other condo plan on file is 834 57th Street Condominium, next door.
Plan CD200140 · New · accepted Mar 19, 2021 · AG record ↗
Compare
| Figure | This building1 | Utrecht Ave27 units · 0.9 miaccepted 2021 | 1451 61st33 units · 0.9 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.64In line | $0.83 | $0.36 |
| Average Offering PricePer Apartment | $446,000Below peers | $452,143 | $870,000 |
| Average PricePer Square Foot | $669In line | $788 | $660 |
| Property TaxesPer Square Foot / Month | $0.77Highest | $0.39 | $0.16 |
| Average Unit SizeSquare Feet | 666 SFIn line | 574 SF | 1,319 SF |
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Unit mix, closings, budgets, finishes and the team, against Utrecht Ave and 1451 61st, cited to the offering plans. No credit card required.
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- 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 closed80% of the homes in Schedule A | 4 of 5 |
| Closing prices vs. Schedule A4 homes: $1,851,383 at closing against $1,870,000 in Schedule A (p. 34) | −1% |
| Average closing price4 homes, on their Schedule A square feet | $658 / SF |
| Closingsfirst and latest recorded | Mar 25, 2022 – Jul 1, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2022: 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.
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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
- Winle Property LLC
- Principals
- Bing Ru Zheng, Gu Chen
- Tax estimate
- MGNY ConsultingPrepared the first-year real estate tax projection
- Construction lender
- Cathay Bank$420,000 recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 834 57th Street Condominiumnext door · 12 units · 2009
- Xingfu Condominiumnext door · 6 units
- 849 57th Street Condominiumnext door · 0 units · 3 parking · 2010
- 839 58th Street Condominiumnext door · 7 units · 2009
- 837 58th Street Condominiumnext door · 0 units · 2007
- 828 57th Street Condominiumnext door · 0 units · 2023