THE CONDO BOOK PROJECT

Quay Tower Condominium

50 Bridge Park Drive, Brooklyn, NY 11201

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Overview

A 29-story, 126-unit tower inside Brooklyn Bridge Park, sponsored by an entity of Robert A. Levine and David J. Wine. Owners buy a leasehold that ends in 2109, and common charges include ground rent and PILOT in place of property taxes. The offering plan specifies Gaggenau appliances, a washer and dryer in each apartment, Davinci bathroom fittings and ducted heat pumps for heating and cooling.

  • Address: 50 Bridge Park Drive, Brooklyn Heights, Brooklyn
  • Plan: CD180035, accepted for filing in May 2018
  • Building: 29 stories, steel-framed, with a double-glazed aluminum and glass curtain wall. Floors use marketing numbers, with no 13th floor.
  • Residences: 126, all two- to four-bedrooms, from about 1,214 to 4,016 square feet. One (unit 2B) is leased to the condo for the resident manager and not offered for sale.
  • Other units: one non-residential unit of about 690 square feet, planned as a public park restroom
  • Storage: 71 cellar storage lockers sold as licenses, about $1.96 million in total, plus about 63 bike spots rented at $200 a year. No parking.
  • First offering: 125 residences at about $507.7 million in total, from $1.955 million for a two-bedroom on the 3rd floor to $12.5 million for penthouse PH1A (sponsor offering prices, not sales)
  1. SubmittedMarch 2019
  2. AcceptedMay 2018
  3. 11 amendments
  4. First sale
  5. Latest sale

Sales

118 of 126homes sold (94%)
Every sale: 118 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 Quay Tower's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 23 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 5 closing costs in the plan, with their pagesSee it free →

The Building

Finishes

The architect's report lists the appliances line by line for each apartment type (compare with our NYC condo finishes guide).

Kitchen

  • A Gaggenau suite in every home: panel-ready refrigerator and dishwasher, gas cooktop with five sealed brass burners, wall oven, speed oven and, in most layouts, a warming drawer.
  • Penthouses add a Gaggenau freezer column and full-height wine storage, and most have two dishwashers and two wall ovens. A-line four-bedrooms above the 2nd floor get a Thermador under-counter wine refrigerator.
  • Natural stone counters, wood veneer and painted cabinets, an XO hood insert, an InSinkErator disposal and a Davinci faucet.
  • Cooking gas is on a common meter, so it's paid through common charges.

See how these brands compare in our kitchen appliance brands guide.

Baths

  • Primary baths have a freestanding cast-stone tub and integral sinks by Apaiser, mud-set stone floors, marble accent walls and polished nickel Davinci fittings.
  • Secondary baths have Kohler Bellwether tubs and Apaiser sinks. Powder rooms have Lacava sinks and marble wainscots. Toilets are Toto Vespine II.
  • Primary and perimeter bathrooms have electric radiant floor heat.

See how these names rank in our bathroom brands guide.

Floors, Ceilings and Windows

  • Engineered hardwood floors laid over an acoustic underlayment.
  • The plan doesn't give ceiling heights. Ceilings are skim-coated concrete or painted drywall.
  • Curtain wall windows with a 10-year manufacturer's warranty. A copper-colored grid wraps the facade, which raises some sills, lowers some window heads and leaves about 30 inches of blank wall in places. Lower floors (2 to 4) have sloped, recessed facades and unusual window shapes. There are no window screens.

Laundry, Heating and Cooling

  • Every home gets a Whirlpool washer and dryer. A and B lines, most C lines and the PH1 homes have vented dryers. D and E lines from floor 3 up and the C line on floor 11 get ventless dryers.
  • Each home has water-source heat pumps on a building condenser loop fed by gas-fired Lochinvar boilers, with thermostats in each unit. Some exterior zones have supplemental electric baseboards.
  • Electricity is submetered. The engineer estimated about $4,500 a year for an average two-bedroom up to about $9,600 for an average penthouse four-bedroom.
  • A 350 kW gas generator covers egress lighting, life safety and legally required loads, not apartments.

Amenities, Staffing & Transportation

The amenities are spread across the ground, second and roof floors (compare with amenities by building size).

Ground and Second Floors

  • A fitness room with treadmills, bikes, ellipticals and cable machines, plus a separate training studio.
  • A children's playroom and a music practice room with sound-absorbing finishes. You bring your own instruments.
  • A dog wash room, a lobby with a gas fireplace, and a staff-only package room with cold storage for groceries.

Roof (29th Floor)

  • Two resident lounges. The north lounge has a fireplace, a warming pantry and a service bar. The south space has a pantry.
  • Two common roof terraces, each with an outdoor kitchen with a gas grill, an under-counter fridge and a sink.

Good to know: there's no pool and no laundry room, since every home has its own washer and dryer. The three PH1 penthouses have private roof terraces of about 561 to 629 square feet, each with its own outdoor kitchen. Owners maintain them, and structural repairs are shared by all residential owners (see private outdoor space).

Staffing and Services

The first-year budget assumes 11 full-time staff in Local 32BJ:

  • A resident manager: about $175,000 in compensation. The condo rents unit 2B from the sponsor for the manager at $9,000 a month for three years, then $9,450, and also pays that unit's common charges, PILOT, utilities, phone and a nearby parking space. That line comes to about $163,000 a year.
  • Two handypersons.
  • Eight doormen, concierges and porters.

Payroll comes to about $1.2 million. The plan assumes half the handypersons and front-of-house staff are new hires at reduced starting wages, so expect this line to rise. When the five-year lease on 2B ends, the board must renew it, buy the unit or find another way to house a manager. See where common charges go for how that compares.

Location & Transportation

  • Neighborhood: Brooklyn Heights, Brooklyn
  • Subway: 11 min walk to Borough Hall/Court St 2 3 4 5 R; Clark St 2 3, 14 min
Amenities, Staffing & TransportationSee it free →

Amendments

Amendment 11 Feb 10, 2026

This amendment updates unsold unit pricing, financial disclosures, smoking policy, and condominium budget for 2026.

  • 5 unsold residential units and 11 unsold storage lockers owned by sponsor as of January 15, 2026
  • Storage locker prices range from $55,000 to $65,000 with $80 monthly and $960 annual fees
  • Smoking policy effective January 26, 2026 prohibits smoking in units, common elements, and terraces; fines of $250 first offense, $500 second, $1,000 thereafter
  • Monthly common charges $12,685 and monthly PILOT $16,009 for all residential units (7/1/2025-6/30/2026)
  • Financial statements for years ended December 31, 2023 and 2024 attached
  • Condominium budget for January 1, 2026 to December 31, 2026 attached
  • Unit owners controlled condominium board since January 2025
  • Plan extended for 12 months from filing date unless further extended or amended

Amendment 9 Oct 30, 2023

Storage locker offering prices and license fees are changed for 14 units.

  • Storage Lockers 6, 14, 20, 21, 42, 43, 44: purchase price $65,000; license fee $80/month or $960/year
  • Storage Lockers 7, 13, 59: purchase price $50,000
  • Storage Lockers 12, 19, 26, 30: purchase price $55,000; license fee $80/month or $960/year
  • Storage Locker 18: purchase price $70,000; license fee $80/month or $960/year
  • Storage Locker 59: license fee $50/month or $600/year (lower than other units)

Amendment 8 Jan 18, 2023

Amendment updates unsold unit counts, storage locker prices, and PILOT payments for the 2022/2023 tax year.

  • As of March 1, 2023: 48 unsold residential units (38% of 125 total) and 25 unsold storage lockers (35% of 71 total)
  • Storage locker prices range from $30,000 to $45,000 with monthly fees of $50–$80
  • PILOT payments updated to $159,232 monthly ($1,910,783 for 7/1/2022–6/30/2023 fiscal period)
  • Temporary Certificate of Occupancy obtained; Permanent Certificate of Occupancy expected within six months
  • No escrow required for Permanent Certificate of Occupancy; all construction work completed
  • No rental units offered; zero monthly rental income
  • Sponsor current on all financial obligations to condominium
  • Plan extended for twelve months following filing date of this amendment

Amendment 7 Nov 20, 2020

Amendment updates escrow agent and attorney, selling agent, security fund calculation, and financial disclosures for unsold units.

  • New escrow agent: Seyfarth Shaw LLP at 620 Eighth Avenue, New York with Wells Fargo escrow account at 150 East 42nd Street
  • New selling agent: Serhant LLC at 155 Duane Street, New York, effective May 1st, 2021
  • Sponsor address changed to c/o RAL Development Services LLC, 55 Broadway, 25th Floor, New York
  • Ground Lease Security Fund Amount reduced from estimated $4,128,261 to final $3,634,785.36
  • Temporary Certificate of Occupancy obtained; Permanent Certificate expected within 6 months
  • 77 unsold residential units and 34 unsold storage lockers as of December 13, 2021
  • Updated Schedule A with PILOT payments for 2021/2022 tax year
  • Financial statements as of December 31, 2020 and budget for January 1 to December 31, 2021 attached

Amendment 6 Jun 25, 2020

First closing occurred on February 26, 2020 for Unit 12A, and offering prices changed for 12 units.

  • First Closing took place February 26, 2020 for Unit 12A
  • Condominium Declaration recorded February 18, 2020 under CRFN: 2020000061865
  • Floor Plans filed February 5, 2020 as Condominium Plan No. CRFN: 304653
  • Working Capital Fund of approximately $71,478.00 established at First Republic Bank
  • Offering prices changed for 12 units: 5E $1,675,000.00, 10E $1,800,000.00, 3D $1,998,000.00, 17D $2,700,000.00, 4C $2,450,000.00, 9C $2,800,000.00, 16C $3,250,000.00, 5B $3,450,000.00, 18B $4,050,000.00, 3A $3,850,000.00, 10A $4,450,000.00, PH3C $6,600,000.00
  • Temporary Certificate of Occupancy obtained, effective June 24, 2020, expiring September 22, 2020
  • Permanent Certificate of Occupancy expected within nine (9) months of filing
  • Schedule A prices decreased for 12 homes (median -13.3%): 3A $4,450,000 → $3,850,000; 3D $2,350,000 → $1,998,000; 4C $2,850,000 → $2,450,000; 5B $4,000,000 → $3,450,000; ...

Amendment 2 Jun 7, 2019

Offering prices for 10 units are changed effective immediately.

  • Unit 4A price changed to $3,950,000
  • Unit 5C price changed to $2,490,000
  • Unit 6B price changed to $3,500,000
  • Unit 6D price changed to $2,090,000
  • Unit 6E price changed to $1,695,000
  • Unit 8A price changed to $4,500,000
  • Unit 10C price changed to $2,950,000
  • Unit 11D price changed to $2,250,000
  • Schedule A prices decreased for 10 homes (median -11.9%): 4A $4,550,000 → $3,950,000; 5C $3,000,000 → $2,490,000; 6B $4,075,000 → $3,500,000; 6D $2,575,000 → $2,090,000; ...
What each amendment changed, line by lineSee it free →

Fine Print

What's Specific to It

  • A leasehold that ends: the condo sits on land the city owns, under a sublease from Brooklyn Bridge Park Corporation that expires on July 27, 2109 with no renewal right. Owners must then surrender their units.
  • Ground rent and PILOT in the common charges: owners pay their share of base rent of $597,000 a year, which rises 7.5% every five years, plus PILOT equal to full property taxes.
  • A park transfer fee: starting 10 years after completion, every resale pays the park 0.75% of the price.
  • A public restroom in the building: the one non-residential unit is expected to go to the park as a public restroom. It pays no common charges, so residents cover its utilities.
  • Semi-private elevators: two of the five elevators open directly into a single home per floor, serving the A and B lines.
  • Seven gas fireplaces: one in the lobby, one in the north roof lounge, and five in the three PH1 penthouses, three of them on roof terraces with outdoor kitchens.

Quay Tower stands west of Furman Street and east of Pier 6 in Brooklyn Heights, reached from Atlantic Avenue by Bridge Park Drive,, surrounded on all sides by Brooklyn Bridge Park. Its offering plan tells you what the ground lease means for owners, what's in the apartments and what the building should cost to run.

Fine Print Worth Knowing

  • The lease governs: the board becomes the tenant under the ground lease. If it fails to pass on owners' rent to the park, the lease could be terminated. The plan warns that values may fall and lenders may stop lending as 2109 approaches (see ground lease condos).
  • PILOT, not taxes: you pay PILOT through common charges, not to the city. Your lender's escrow must pay the board, and you can't look the amount up on the Department of Finance site.
  • Sponsor control: the sponsor controls the board until 95% of units close or five years pass, whichever is first, and possibly longer if it still has the votes. It may also rent unsold units rather than sell them.
  • Flood zone: the building is in FEMA Zone AE. It's designed to a flood elevation of 13 feet with a dry flood-proofed cellar, and groundwater was found 6 to 10 feet down. Your lender may require your own flood policy.
  • Living in a park: the park is public, with concerts, movies and crowds. The site is within a block of the Red Hook industrial area. An affiliated entity planned a 16-story rental building across the street at 15 Bridge Park Drive.
  • Every window is a lot line window: the parcel is surrounded by the park, and light and air easements let the windows meet code. The park reserves rooftop space for telecom equipment.
  • Bigger deposits: buyers put down 10% at signing and another 10% within six months or at effectiveness. Units can't be resold or listed for a year without the sponsor's consent.

FAQ

Do you own the land at Quay Tower?

No. Quay Tower is a qualified leasehold condo on city-owned land inside Brooklyn Bridge Park. Owners hold their units under a ground sublease that expires on July 27, 2109 with no renewal right, and they pay a share of the ground rent through common charges.

Does Quay Tower pay property taxes?

Not directly. Property in the park is exempt, but owners pay PILOT, which is set equal to full property taxes and collected through common charges. The plan projects about $3.5 million a year across all homes, or roughly $1,475 to $5,220 a month per unit.

What amenities does Quay Tower have?

A fitness room with a training studio, a children's playroom, a music practice room, a dog wash, a cold-storage package room and two roof lounges with terraces and outdoor kitchens. There's no pool, and every home has its own washer and dryer.

Where this comes from: the building's offering plan (CD180035) as filed with the New York Attorney General, including its Special Risks, Summary of the Lease, Description of Property and Improvements, Schedule A, Schedule B, Identity of Parties and the architect's report. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.

Team

  • Sponsor: Landing A Associates LLC (sole member Pier 6 Partners LLC), principals Robert A. Levine and David J. Wine
  • Landlord: Brooklyn Bridge Park Corporation
  • Architect: ODA
  • Interior designer: Marmol Radziner
  • Architect's report: Cangelosi Design and Architecture
  • Engineers: Cosentini Associates (MEP), Vertex Engineering (structural) and Laufs Engineering Design (facade)
  • Managing agent: Property Management Affiliates (a sponsor affiliate)
  • Selling agent: Douglas Elliman
  • Sponsor's counsel: Watson Farley & Williams
  • PILOT counsel: Marcus & Pollack
  • Budget expert: Appraisers and Planners
  • Construction lender: Bank of the Ozarks

Zoning

Zoning district
M2-1

Today's zoning, from city data (PLUTO 26v2).

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The Condo Book Project Are Quay Tower's common charges high for the area? Yes, they're on the high side. Quay Tower budgets $1.42 per square foot a month, against a $1.05 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?