Residence Kam 35 Bay Condominium
207 Bay 35th Street, Brooklyn, NY 11214
Overview
Residence Kam 35 Bay is a new 7-unit condo in Brooklyn, with 6 parking units.
- Offering plan: Accepted July 2024 · 259 pages · floor plans on page 214
- Finishes: 8-foot ceilings, engineered wood floors, Craft Cabinetry cabinets, LG and Robam appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,123 a square foot on average, as first offered; $6.68 million in all
- Common charges: $281–$559 a month, the sponsor's first-year estimate
- Sponsor: Kam Cheung Realty LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.; principals Sau Chung Cheung
- Neighborhood: Gravesend, Brooklyn
- Subway: 11-minute walk to 25 Av (D); 12 minutes to Bay Pkwy (D)
- Amendments: 4, the latest in April 2026
- Units
- 7 residential · 6 parking
- Neighborhood
- Gravesend, Brooklyn
- Subway
- 11 min walk to 25 Av DBay Pkwy D, 12 min
- Principals
- Sau Chung Cheung
- Average $/sf
- $1,123Homes in Schedule A, as first offered
- Common charges
- $281–$559 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 ‐ June 30, 2025
- Offering price
- $6.68 million total
- Floor plans
- Page 214 of the plan
- SubmittedNovember 2024
- AcceptedJuly 2024
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
2 of 7homes sold (29%)
From city records (ACRIS), through Jul 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | Bealin210 units · 0.9 miaccepted 2024 | Bath Beach Residence311 units · 1.1 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.52Above peers | $0.51 | $0.51 |
| Average Offering PricePer Apartment | $924,286Above peers | $898,210 | $762,436 |
| Average PricePer Square Foot | $1,123Above peers | $1,037 | $1,011 |
| Average Unit SizeSquare Feet | 823 SFIn line | 866 SF | 754 SF |
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.
Closing Costs
The plan lists what a buyer pays at closing.
All 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Apr 9, 2026
Amendment updates building status after first closing in December 2025, lists unsold and sold units, and extends the offering plan.
- First closing occurred December 1, 2025 for units 1B and PH
- Five units unsold as of March 12, 2026: 1A, 2A, 2B, 3A, 3B
- Condominium Declaration and By-Laws recorded October 27, 2025
- Units separately assessed for NYC Real Property tax as of July 1, 2026
- Working capital fund of $1,790 maintained at Chase Bank
- Sponsor control of Board transfers by November 30, 2028 or when 75% of units sold
- Offering plan extended six months from amendment date
Amendment 3 Sep 18, 2025
First year of condominium operation rescheduled to November 1, 2025 through October 31, 2026 with updated Schedule A, Schedule B, and parking prices; offering plan extended six months.
- First year of operation now November 1, 2025 through October 31, 2026
- Updated Schedules A and B with new Adequacy of Budget Certification
- Real estate taxes reflect current assessed value following construction completion
- First unit closing did not occur by June 30, 2025; Units 1B and PH purchasers offered rescission right on September 2, 2025
- Unit 1B purchaser waived rescission on September 5, 2025; Unit PH purchaser waived on September 8, 2025
- Future purchasers offered rescission if first unit closing does not occur by October 31, 2026
- Offering plan extended six additional months from amendment date
Amendment 2 Jun 24, 2025
The offering plan is declared effective after purchase agreements for units 1B and PH (28.57% of units) are accepted, and the offering period is extended by six months.
- Plan declared effective on June 24, 2025
- Purchase agreements accepted for Units 1B and PH (28.57% of units)
- Offering plan extended by additional six months from amendment acceptance date
Amendment 1 Nov 8, 2024
Amendment updates sponsor mortgage status, replaces board member and escrow agent, and details new escrow account procedures.
- Sponsor's Global Bank mortgage has been satisfied in full; no remaining underlying mortgages on the property
- Matthew Ming Chun Cheung replaces Mindy Ming Ngar Cheung on initial Board of Managers
- David W. Lee, Esq. replaces Fong & Wong and Wu, PLLC as Escrow Agent and counsel for unit closings
- Escrow account established at Citibank (2 Mott Street, New York) under David W. Lee, Esq. IOLA Account
- Escrow account federally insured by FDIC at maximum $250,000 per deposit
- Escrow account will not be interest bearing
- Purchaser may cancel if escrow deposit notice not received within 15 business days of tender
Team
- Sponsor
- Kam Cheung Realty LLC
- Principals
- Sau Chung Cheung
- Tax estimate
- The Mazursky Group, Inc.Prepared the first-year real estate tax projection
- General contractor
- Gravity Construction USHeld the general construction permit on DOB job 320911028
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R5
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 2335 Bath Avenue Condominiumnext door · 12 units · 8 parking · 2019
- Bayview Courtyard Condominium0.1 mi · 154 units · 2023
- 87-35 Bay Parkway0.3 mi · 1987
- 64-68 Bay 38th St. Condominium0.3 mi · 6 units · 2003
- 8800 Bay Parkway Condominium0.3 mi · 40 units · 2024
- 50-62 Bay 32nd Street Condominium0.3 mi · 18 units · 2008
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