Bealin
7616 Bay Parkway, Brooklyn, NY 11214
Overview
Bealin is a 10-unit condo in Brooklyn, with 2 commercial units.
- Offering plan: Accepted April 2024 · 317 pages · floor plans on page 112
- Finishes: Wood floors, quartz kitchen countertops, Tafisa cabinets, GE and Café appliances, Kohler bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $1,037 a square foot on average, as first offered; $13.2 million in all
- Common charges: $415–$623 a month, the sponsor's first-year estimate
- Sponsor: 7616 LLC, represented by Moritt Hock & Hamroff, LLP; principals Yousef Lati
- Neighborhood: Bensonhurst, Brooklyn
- Subway: 10-minute walk to Bay Pkwy (N); 10 minutes to Bay Pkwy (D)
- Amendments: 3, the latest in September 2025
- Units
- 10 residential · 2 commercial
- Neighborhood
- Bensonhurst, Brooklyn
- Subway
- 10 min walk to Bay Pkwy NBay Pkwy D, 10 min
- Principals
- Yousef Lati
- Average $/sf
- $1,037Homes in Schedule A, as first offered
- Common charges
- $415–$623 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 to June 30, 2025
- Offering price
- $13.2 million total
- Floor plans
- Page 112 of the plan
- SubmittedMay 2024
- AcceptedApril 2024
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 28, 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 Bealin's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 4 homes.
Each home's estimate, city bills and tax breaksSee it free →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 Sep 16, 2025
Amendment corrects Unit PHA bedroom/bathroom count and clarifies rooftop terraces as accessory recreational space.
- Unit PHA corrected to 3 bedrooms, 3 bathrooms (was listed incorrectly)
- Rooftop terraces on penthouse level designated as recreation area in Certificate of Occupancy
Amendment 2 Jan 9, 2025
Amendment updates condominium closing status, unit sales, financial accounts, and adds FinCEN reporting requirements.
- First residential unit (4B) closed January 14, 2025
- Final Certificate of Occupancy issued June 9, 2025
- 1 unsold residential unit as of July 10, 2025 priced at $1,303,000
- Working capital of $15,162.26 held at Kearny Bank
- Reserve Fund balance of $1,684.70 established at Kearny Bank
- Sponsor paying $995.34 monthly common charges and $3,824.38 monthly real estate taxes for unsold unit
- Sponsor has no financial obligations due within 12 months other than common charges
- FinCEN Geographic Targeting Order effective October 9, 2025 requires reporting of certain purchaser identities
Amendment 1 2024
Plan declared effective after 15% purchase threshold met; condominium renamed to The Bealin; two penthouse units renumbered; first closing anticipated July 2024.
- Plan declared effective May 21, 2024 with 2 purchase agreements executed (20% of 10 residential units)
- Condominium name changed to The Bealin
- Unit 6A renumbered to PHA; Unit 6B renumbered to PHB
- First closing anticipated on or about July 2024
- Plan extended for six (6) months from amendment acceptance date
- Budget unchanged; Managing Agent Enel Management Corp. confirmed
Team
- Sponsor
- 7616 LLC
- Principals
- Yousef Lati
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- Colorado Federal Savings Bank$5 million recorded
- Title agency
- Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 78
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Bay Parkway Condominiumnext door · 35 units · 18 parking · 2016
- Bay Plaza Condominiumnext door · 44 units · 30 parking · 2018
- Ridge Park Condominiumnext door · 10 units · 2021
- Joy Condominium0.1 mi · 16 units · 10 parking · 2019
- 168 Avenue P Condominium0.3 mi · 30 units · 14 parking · 2021
- Crystal Garden Condominium0.4 mi · 9 units · 9 parking · 2006
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