THE CONDO BOOK PROJECT

C & L Condominium

614 51st Street, Brooklyn, NY 11220

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Overview

C & L is a 6-unit condo in Brooklyn, with 1 commercial unit.

  • Offering plan: Accepted June 2023 · 312 pages · floor plans on page 5
  • Finishes: Wood floors and individual gas boiler per unit for heating and cooling
  • Prices: $651 a square foot on average, as first offered; $3.05 million in all
  • Common charges: $357–$707 a month, the sponsor's first-year estimate
  • Sponsor: C & L 888 LLC, represented by Lawrence Lixin Yang, P.C.; principals Ming Wei Lu
  • Neighborhood: Sunset Park, Brooklyn
  • Subway: 8-minute walk to 53 St (R); 13 minutes to 45 St (R)
  • Amendments: 2, the latest in February 2024
  1. SubmittedSeptember 2023
  2. AcceptedJune 2023
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

6 of 7homes sold (86%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Apr 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 C & L'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 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Feb 23, 2024

Post-closing amendment extending the offering plan term by six months and disclosing closing status, board composition, and fund deposits.

  • Offering plan term extended by six months from filing date
  • First unit closed January 31, 2024; three units closed total, four units unsold
  • Two units currently in contract
  • Final Certificate of Occupancy issued May 25, 2023
  • Declaration of Condominium recorded January 2, 2024
  • Working capital fund of $1,111.02 deposited; escrow of $6,245.84 deposited
  • Ming Wei Lu is sole Board member and Sponsor principal
  • First unit owners meeting not yet scheduled; will occur within 30 days after last closing or 2 years from first closing

Amendment 1 Sep 8, 2023

Offering plan declared effective after two units sold, representing 15% of units offered and 28.57% of units in contract.

  • Offering plan declared effective as of September 8, 2023
  • Two units under purchase agreement (Units 3B and 1A at 614 51st Street)
  • No closings will occur until amendment is accepted by New York State Attorney General
What each amendment changed, line by lineSee it free →

Team

Sponsor
C & L 888 LLC
Principals
Ming Wei Lu
Tax estimate
LAWRENCE LIXIN YANG, P.C.Prepared the first-year real estate tax projection
Property reports
SD Design Studio LLC, Xiu Cheng LiPrepared the plan's description of the property and its condition · Named on p. 135
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
R6B

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

Nearby

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The Condo Book Project Are C & L's common charges high for the area? Yes, they're on the high side. C & L budgets $0.67 per square foot a month, against a $0.61 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?