Wanlong Condominium
643 5th Avenue, Brooklyn, NY 11215
Overview
Wanlong is a new 21-unit condo in Brooklyn, with 11 parking units and 1 commercial unit.
- Offering plan: Accepted March 2025 · 334 pages · floor plans on pages 202–206
- Finishes: Cultured marble kitchen countertops, LG and Frigidaire appliances, a washer and dryer in each apartment, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,468 a square foot on average, as first offered; $24.1 million in all
- Common charges: $218–$587 a month, the sponsor's first-year estimate
- Sponsor: Wan Long Realty LLC, represented by Moritt Hock & Hamroff, LLP; principals Gang Wing Li and Xiang Chao Shao
- Subway: 5-minute walk to Prospect Av (R); 10 minutes to 25 St (R)
- Amendments: 4, the latest in July 2026
- Units
- 21 residential · 11 parking · 1 commercial
- Subway
- 5 min walk to Prospect Av R25 St R, 10 min
- Principals
- Gang Wing Li, Xiang Chao Shao
- Average $/sf
- $1,468Homes in Schedule A, as first offered
- Common charges
- $218–$587 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 to June 30, 2026
- Offering price
- $24.1 million total
- Floor plans
- Pages 202–206 of the plan
- SubmittedJuly 2025
- AcceptedMarch 2025
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
4 of 21homes sold (19%)
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)
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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 | Lumina226 units · 0.2 miaccepted 2024 | Opal 33311 units · 0.7 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.73In line | $1.05 | $0.62 |
| Average Offering PricePer Apartment | $874,686Lowest | $1.41M | $1.15M |
| Average PricePer Square Foot | $1,468In line | $1,433 | $1,510 |
| Average Unit SizeSquare Feet | 596 SFSmallest | 981 SF | 762 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 3 Mar 9, 2026
Amendment reports six units under contract as of March 5, 2026, Temporary Certificate of Occupancy received March 6, 2026, and first closing anticipated March 25, 2026.
- Six of 21 residential units entered into contract as of March 5, 2026
- Temporary Certificate of Occupancy received March 6, 2026
- First closing anticipated on or about March 25, 2026
- Budget for condominium unchanged
- Plan valid for six months from amendment filing date
Amendment 2 Aug 6, 2025
Plan declared effective on July 21, 2025; first closing anticipated October 1, 2025; interim leases now permitted for up to 12 months.
- Plan declared effective July 21, 2025 with four units (16.667% of 24 residential units) sold
- First closing anticipated on or about October 1, 2025
- Interim leases permitted for up to 12 months with simultaneous purchase agreement required
- Interim lease breaches treated as purchase agreement defaults; sponsor may retain escrow and extras as liquidated damages
- Risk of loss during interim lease borne by sponsor; personal possessions risk borne by purchaser
- Extend Realty Inc. designated as exclusive selling agent (376 50th Street Store, Brooklyn)
- Budget for condominium has not changed; certification of adequacy from G Buddy Inc. included as Schedule L-2
- Plan extension authorized for six months from amendment filing date
Amendment 1 Jul 3, 2025
Parking Garage Unit price corrected from $80,000 to $880,000, and prices of several units increased effective immediately.
- Parking Garage Unit (P101) price corrected to $880,000 (was listed as $80,000)
- Multiple unit prices increased, revised Schedule A attached
- Schedule A prices increased for 20 homes (median +7.1%): 1A $417,200 → $447,000; 2A $834,400 → $894,000; 2B $817,600 → $876,000; 3A $835,800 → $900,500; ...
- Schedule A prices decreased for 1 home (median -2.1%): 2C $817,600 → $800,200
Team
- Sponsor
- Wan Long Realty LLC
- Principals
- Gang Wing Li, Xiang Chao Shao
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Highpoint Incentive Inc.Prepared the first-year real estate tax projection
- Construction lender
- Preferred Bank
- General contractor
- MKB Construction USAHeld the general construction permit on DOB job 321387361
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
- 249 18th Street Condominiumnext door · 5 units · 2025
- 233 18th Street Condominiumnext door · 20 units · 14 parking · 2021
- 262 17th Street Condominiumnext door · 4 units · 2024
- 265 20th Avenue Condominiumnext door · 8 units · 2024
- 248 20th Street Condominiumnext door · 4 units · 2026
- Woodgreen Condominiumnext door · 6 units · 2026
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