168 Avenue P Condominium
168 Avenue P, Brooklyn, NY 11204
Overview
168 Avenue P is a 30-unit condo in Brooklyn, with 14 parking units.
- Offering plan: Accepted April 2021 · 305 pages · floor plans on page 24
- Finishes: Hardwood floors, stone kitchen countertops, hard wood cabinets, Frigidaire appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $784 a square foot on average, as first offered; $22.4 million in all ($22.2 million when first offered)
- Common charges: $173–$419 a month, the sponsor's first-year estimate
- Sponsor: 3818 Development LLC, represented by Thomas E. Berinato Attorney At Law; principals Can Hui Mei, Cheung Chan, Kwok Ho Chan and Tin Ming Fung
- Neighborhood: Gravesend, Brooklyn
- Subway: 5-minute walk to Kings Hwy (N); 5 minutes to Bay Pkwy (N)
- Amendments: 1, the latest in November 2021
- Units
- 30 residential · 14 parking
- Neighborhood
- Gravesend, Brooklyn
- Subway
- 5 min walk to Kings Hwy NBay Pkwy N, 5 min
- Principals
- Can Hui Mei, Cheung Chan, Kwok Ho Chan, Tin Ming Fung
- Average $/sf
- $784Homes in Schedule A, as first offered
- Common charges
- $173–$419 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 to December 31, 2021
- Offering price
- $22.4 million total $22.2 million when first offered
- Floor plans
- Page 24 of the plan
- SubmittedNovember 2021
- AcceptedApril 2021
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Mar 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 168 Avenue P's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 7 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 2 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Oct 5, 2021
Plan declared effective with 36.66% of units sold; parking space P13 added to Schedule A; purchasers assume New York City and State Real Property Transfer Taxes.
- Plan declared effective as of October 5, 2021
- Sponsor accepted purchase agreements for 36.66% of units (11 of 30 residential units)
- Parking space P13 added to corrected Schedule A
- Purchasers required to pay New York City and State Real Property Transfer Taxes
Team
- Sponsor
- 3818 Development LLC
- Principals
- Can Hui Mei, Cheung Chan, Kwok Ho Chan, Tin Ming Fung
- Tax estimate
- Thomas E. BerinatoPrepared the first-year real estate tax projection
- Construction lender
- Cathay Bank
- General contractors
- New York Fast General Construction, United Industries & Construction, B Sosa EnterprisesHeld the general construction permit on DOB job 320623811
- Title agency
- Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Named on p. 71
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 1683 West 7th Street Condominium0.1 mi · 11 units · 2022
- 1721 W. 6th Street Condominium0.2 mi · 15 units · 7 parking · 2021
- Condominium Firenze0.3 mi · 37 units · 22 parking · 2008
- 1549 West 3rd Street Condominium0.3 mi · 10 units · 5 parking · 2011
- Lux On 5 Condominium0.3 mi · 24 units · 23 parking · 2015
- Joy Condominium0.3 mi · 16 units · 10 parking · 2019
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