7516 Bay Parkway Condo: Common Charges, Sales & Offering Plan

Overview

Bay Plaza is a 44-unit condo in Brooklyn, with 30 parking units and 3 commercial units.

Offering plan: Accepted July 2018 · 305 pages · floor plans on page 195
Finishes: Hardwood floors, laminate kitchen countertops, plastic laminate cabinets, Frigidaire appliances and split-system units for heating and cooling
Prices: $38.6 million in all
Sponsor: Great Empire Bay Parkway Realty LLC, represented by Sichenzia Ross Ference LLP; principals Charles Luk, Chixin Fang, George Hall, Henry Chen, Michael Li and Yanfeng Chen
Neighborhood: Bensonhurst, Brooklyn
Subway: 9-minute walk to Bay Pkwy (N); 11 minutes to Bay Pkwy (D)
Amendments: 2, the latest in June 2019

44 of 44homes sold (100%)

From city records (ACRIS), through Aug 31, 2026.

The plan's first-year tax estimate, checked against the city's real bills.

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

Sponsor: Great Empire Bay Parkway Realty LLC
Principals: Charles Luk, Chixin Fang, George Hall, Henry Chen, Michael Li, Yanfeng Chen
Counsel: Sichenzia Ross Ference LLP
Tax estimate: SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
Construction lender: Shanghai Commercial Bank$15 million recorded
General contractors: Southshore Stage Product, City Drywall & ContractingHeld the general construction permit on DOB job 320626006
Property report: SM TAM ARCHITECT, PLLCPrepared the plan's description of the property and its condition · Named on p. 172
Title agency: VP Abstract Services, Inc.The sponsor's title company for buyers; you can choose another · Named on p. 67

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

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