THE CONDO BOOK PROJECT

8616 Tower Condominium

8616 21st Avenue, Brooklyn, NY 11214

Overview

Units
45 residential · 25 parking · 24 storage · 4 commercial
Subway
3 min walk to 20 Av DBay Pkwy D, 4 min
Offering price
$34.5 million total $27.2 million when first offered

The sponsor of record is Chen 8610 Realty LLC, represented by Thomas E. Berinato, Attorney At Law. The sponsor has filed 4 amendments, the latest in April 2019. The nearest other condo plan on file is 33 Bay 26th Street Condominium, next door.

Plan CD170130 · New · accepted Feb 21, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan45 of 45
Closingsfirst and latest recordedSep 14, 2018 – Sep 25, 2019

Sales recorded with the Department of Finance (ACRIS) through Jul 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 49 closings
HomeRecordedClosing priceSchedule ADifference
6ASep 14, 2018$595,676——
6FSep 18, 2018$456,300one deed, 2 homes——
4FSep 20, 2018$466,440——
5ASep 20, 2018$595,676——
6HSep 25, 2018$465,426——
6GSep 26, 2018$405,600——
5FSep 28, 2018$507,000one deed, 2 homes——
3FOct 4, 2018$641,498one deed, 2 homes——
4EOct 4, 2018$529,490——
7EOct 4, 2018$565,129one deed, 2 homes——
6EOct 5, 2018$491,790one deed, 2 homes——
7AOct 5, 2018$461,370one deed, 2 homes——
3HOct 9, 2018$385,320——
7DOct 9, 2018$595,676——
5BOct 11, 2018$444,132——
7BOct 12, 2018$560,038one deed, 2 homes——
5GOct 16, 2018$481,650——
3COct 22, 2018$499,902——
3EOct 22, 2018$529,490——
7COct 22, 2018$641,498one deed, 2 homes——
4AOct 25, 2018$595,676——
6BOct 25, 2018$446,160——
3IOct 26, 2018$410,670——
4COct 26, 2018$498,888——
5EOct 26, 2018$529,490——
3JOct 31, 2018$400,530——
3LOct 31, 2018$425,880——
4INov 1, 2018$901,151one deed, 2 homes——
6CNov 1, 2018$501,930——
5CNov 2, 2018$501,930——
4HNov 6, 2018$585,494——
6DNov 6, 2018$486,720——
4BNov 16, 2018$465,426——
4GNov 19, 2018$496,860——
3KNov 27, 2018$486,720——
2AJan 8, 2019$420,810——
3GJan 18, 2019$375,180——
3BFeb 11, 2019$461,370——
3DFeb 19, 2019$537,636one deed, 2 homes——
4DApr 17, 2019$405,600——
5DMay 3, 2019$466,440——
3AJun 13, 2019$380,250——
5HJun 17, 2019$466,440——
1AJun 25, 2019$2,585,928one deed, 3 homes——
1BJun 25, 2019$2,585,928one deed, 3 homes——
2CJul 10, 2019$916,425one deed, 2 homes——
1CAug 2, 2019$2,688,953one deed, 2 homes——
2BSep 10, 2019$403,572——
2DSep 25, 2019$1,800,000one deed, 6 homes——

Pro

Closings are for subscribers

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

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Team

Sponsor
Chen 8610 Realty LLC

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

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