Forum Condominium
859 60th Street, Brooklyn, NY 11220
Overview
- Units
- 25 residential · 25 parking · 4 commercial
- Subway
- 4 min walk to 8 Av NFort Hamilton Pkwy N, 5 min
- Principals
- Wing Kuen Tsoi, Hing Lui Ching, Jimmy Ching, Kar Hing Ng, Pak Keung Ching
- Average $/sf
- $704Homes in Schedule A, as first offered
- Offering price
- $30.2 million total
- Floor plans
- Pages 132–140 of the plan
The sponsor of record is Forum Development, LLC**, represented by Thomas E. Berinato Attorney At Law. The offering plan runs 210 pages. The sponsor has filed 9 amendments, the latest in September 2021. The nearest other condo plan on file is 857 60th Street Condominium, next door.
Plan CD080288 · New · accepted Dec 8, 2008 · AG record ↗
Compare
| Figure | This building1 | 904 Pacific221 units · 3.9 miaccepted 2009 | Hang Seng Tower326 units · 0.2 miaccepted 2008 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.56In line | $0.45 | $0.59 |
| Average Offering PricePer Apartment | $690,600In line | $701,190 | $663,439 |
| Average PricePer Square Foot | $704Below peers | $733 | $852 |
| Average Unit SizeSquare Feet | 981 SFLarger | 957 SF | 779 SF |
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Unit mix, closings, budgets, finishes and the team, against 904 Pacific and Hang Seng Tower, 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 closed100% of the homes in Schedule A | 25 of 25 |
| Closing prices vs. Schedule A25 homes: $13,023,433 at closing against $17,265,000 in Schedule A (p. 15) | −24.6% |
| Average closing price25 homes, on their Schedule A square feet | $531 / SF |
| Closingsfirst and latest recorded | Jun 30, 2010 – Nov 12, 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 27 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Jun 30, 2010 | $450,000 | $550,000 p. 15 | −18.2% |
| 3C | Jun 30, 2010 | $460,000 | $530,000 p. 15 | −13.2% |
| 4B | Jun 30, 2010 | $556,000 | $650,000 p. 15 | −14.5% |
| 5A | Jun 30, 2010 | $496,860 | $570,000 p. 15 | −12.8% |
| 5B | Jun 30, 2010 | $568,000 | $660,000 p. 15 | −13.9% |
| 7A | Jun 30, 2010 | $510,000 | $590,000 p. 15 | −13.6% |
| 8A | Jun 30, 2010 | $520,000 | $600,000 p. 15 | −13.3% |
| 8B | Jul 9, 2010 | $425,000 | $690,000 p. 15 | −38.4% |
| 6C | Jul 16, 2010 | $499,900 | $560,000 p. 15 | −10.7% |
| 6A | Jul 20, 2010 | $525,000 | $580,000 p. 15 | −9.5% |
| 7C | Aug 12, 2010 | $545,000 | $570,000 p. 15 | −4.4% |
| 4C | Aug 16, 2010 | $485,000 | $540,000 p. 15 | −10.2% |
| 5C | Sep 8, 2010 | $486,720 | $550,000 p. 15 | −11.5% |
| 4A | Nov 5, 2010 | $468,000 | $560,000 p. 15 | −16.4% |
| 2A | Jan 18, 2011 | $445,200 | $680,000 p. 15 | −34.5% |
| 3B | Feb 24, 2011 | $520,000 | $640,000 p. 15 | −18.7% |
| 2C | Mar 8, 2011 | $470,000 | $670,000 p. 15 | −29.9% |
| CM1B | Mar 16, 2011 | $1,582,987 | — | — |
| CM1C | Mar 23, 2011 | $784,810 | — | — |
| 6B | Apr 4, 2011 | $528,000 | $670,000 p. 15 | −21.2% |
| 7B | Aug 25, 2011 | $540,000 | $680,000 p. 15 | −20.6% |
| 2B | Sep 30, 2011 | $485,000 | $760,000 p. 15 | −36.2% |
| 9B | Oct 25, 2011 | $650,000 | $950,000 p. 15 | −31.6% |
| 9A | Jan 25, 2012 | $666,803 | $975,000 p. 15 | −31.6% |
| 8C | Feb 19, 2013 | $501,930 | $580,000 p. 15 | −13.5% |
| 10A | Nov 28, 2017 | $436,020 | $1,280,000 p. 15 | −65.9% |
| 10B | Nov 12, 2021 | $785,000 | $1,180,000 p. 15 | −33.5% |
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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
- Forum Development, LLC**
- Principals
- Wing Kuen Tsoi, Hing Lui Ching, Jimmy Ching, Kar Hing Ng, Pak Keung Ching
- Tax estimate
- Moseson & AssociatesPrepared the first-year real estate tax projection
- Construction lender
- United Commercial BankLender on the mortgage and building loan agreement recorded September 2006 in ACRIS; $13.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 857 60th Street Condominiumnext door · 9 units · 2014
- Taishan Business Centernext door · 0 units · 2017
- Landmark Terrace Condominiumnext door · 12 units · 6 parking · 2001
- 901 60th Street Condominiumnext door · 8 units · 1 parking · 2023
- 913 60th Street Condominiumnext door · 7 units · 2014
- 818 60th Street Condominiumnext door · 8 units · 2022