THE CONDO BOOK PROJECT

Rol Modern Condominium

864 53rd Street, Brooklyn, NY 11220

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Overview

Units
9 residential · 2 commercial
Subway
11 min walk to 8 Av NFort Hamilton Pkwy N, 12 min
Principals
Ka Keung Chan
Average $/sf
$1,105Homes in Schedule A, as first offered
Common charges
$212–$436 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 to December 31, 2026
Offering price
$8.38 million total

The sponsor of record is Rol Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 331 pages. The sponsor has filed 2 amendments, the latest in September 2026. The nearest other condo plan on file is 867 53rd Street Condominium, next door.

Plan CD250122 · New · accepted Dec 23, 2025 · AG record ↗

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FigureThis building1Teng Fei28 units · 0.5 miaccepted 2026928 57th36 units · 0.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.41Below peers$0.42$0.80
Average Offering PricePer Apartment$648,178Lowest$788,500$771,500
Average PricePer Square Foot$1,105In line$1,060$1,175
Property TaxesPer Square Foot / Month$0.44In line$0.82$0.41
Average Unit SizeSquare Feet587 SFSmaller744 SF656 SF

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Unit mix, closings, budgets, finishes and the team, against Teng Fei and 928 57th, cited to the offering plans. No credit card required.

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How 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 closed67% of the homes in Schedule A6 of 9
Closing prices vs. Schedule A6 homes: $3,493,549 at closing against $3,534,300 in Schedule A (p. 45)−1.2%
Average closing price6 homes, on their Schedule A square feet$1,093 / SF
Closingsfirst and latest recordedJul 2, 2026 – Aug 31, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
201Jul 2, 2026$501,930$589,600 p. 45−14.9%
402Jul 8, 2026$600,768$588,500 p. 45+2.1%
202Jul 9, 2026$590,585$588,500 p. 45+0.4%
401Jul 31, 2026$598,731$589,600 p. 45+1.5%
302Aug 4, 2026$600,768$588,500 p. 45+2.1%
301Aug 31, 2026$600,768$589,600 p. 45+1.9%

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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.

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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
Rol Development LLC
Principals
Ka Keung Chan
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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