Lucky Property Condominium
611 53rd Street, Brooklyn, NY 11220
Overview
Lucky Property is a new 7-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted July 2025 · 326 pages · floor plans on page 98
- Finishes: Hardwood floors, quartz kitchen countertops, a washer and dryer in each apartment, Kohler bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $604 a square foot on average, as first offered; $3.39 million in all
- Common charges: $306–$676 a month, the sponsor's first-year estimate
- Sponsor: Lucky Property 888 LLC, represented by Lawrence Lixin Yang, P.C.; principals Mingwei Lu
- Neighborhood: Sunset Park, Brooklyn
- Subway: 7-minute walk to 53 St (R); 12 minutes to 8 Av (N)
- Amendments: 3, the latest in September 2026
- Units
- 7 residential · 1 commercial
- Neighborhood
- Sunset Park, Brooklyn
- Subway
- 7 min walk to 53 St R8 Av N, 12 min
- Principals
- Mingwei Lu
- Average $/sf
- $604Homes in Schedule A, as first offered
- Common charges
- $306–$676 a monthSponsor's first-year estimate in Schedule A, July 1, 2025- June 30, 2026
- Offering price
- $3.39 million total
- Floor plans
- Page 98 of the plan
- SubmittedSeptember 2025
- AcceptedJuly 2025
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
6 of 8homes sold (75%)
From city records (ACRIS), through Jun 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 Lucky Property's common charges compare with similar buildings? →
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 | 800 5th26 units · 1.1 miaccepted 2024 | 92139 units · 0.6 miaccepted 2026 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.59Below peers | $0.64 | $0.64 |
| Average Offering PricePer Apartment | $423,750Above peers | $400,000 | $374,444 |
| Average PricePer Square Foot | $604Below peers | $648 | $726 |
| Average Unit SizeSquare Feet | 701 SFLarger | 618 SF | 516 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 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
Amendments
Amendment 2 Feb 26, 2026
Post-closing amendment extends the offering plan term by six months and discloses closing status, building occupancy, board composition, and escrow deposits.
- Offering plan term extended by six months from filing date
- First unit closed December 23, 2025
- Final Certificate of Occupancy issued November 14, 2025
- Four residential units closed; four units unsold (three residential, one commercial); one unit in contract
- Working capital fund deposit: $1,527.95; escrow deposit: $6,623.34
- Board of Managers: Mingwei Lu (President/Treasurer), Sung Fo Chan (Vice President), Wenxue Lu (Secretary)
- Sponsor control ends within 30 days after last unit closes or two years from first closing, whichever first occurs
Amendment 1 Sep 4, 2025
Amendment declares the offering plan effective after two units (15% of total) were placed under contract.
- Offering plan declared effective by notice dated September 8, 2025
- Two units in purchase agreements meet the 15% threshold required for effectiveness
- No closings will occur until this amendment is accepted for filing by OAG
- Units 4B and 2A at 611 53rd Street placed under contract August 18 and August 27, 2025
Team
- Sponsor
- Lucky Property 888 LLC
- Principals
- Mingwei Lu
- Counsel
- Lawrence Lixin Yang, P.C.
- Tax estimate
- LAWRENCE LIXIN YANG, P.C.Prepared the first-year real estate tax projection
- Property reports
- Yang Engineering LLC, Jian YangPrepared the plan's description of the property and its condition · Named on p. 138
- Title agency
- Liberty Land Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Chicago Title Insurance Company · Named on p. 86
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- C & L Condominiumnext door · 6 units · 2023
- 81 Real Estate Condominium0.1 mi · 6 units · 2019
- Xian De Condominium0.2 mi · 8 units · 2021
- 772 Condominium0.3 mi · 10 units · 2022
- 5811 6th Avenue Condominium0.3 mi · 8 units · 2020
- Hang Seng Tower0.3 mi · 26 units · 1 parking · 2008
Free in ChatGPT or Claude
Ask Claude or ChatGPT about Lucky Property
The fastest way to know any condo or co-op
Get Connected →