THE CONDO BOOK PROJECT

8154 Bay 16th Street Condominium

8154 Bay 16th Street, Brooklyn, NY 11214

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Overview

8154 Bay 16th Street is a 6-unit condo in Brooklyn, with 5 parking units.

  • Offering plan: Accepted June 2021 · 259 pages · floor plans on page 30
  • Finishes: Tile floors, quartz kitchen countertops, laminated finish cabinets, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $815 a square foot on average, as first offered; $5.19 million in all
  • Common charges: $142–$226 a month, the sponsor's first-year estimate
  • Sponsor: Shion Capital, LLC, represented by Thomas E. Berinato, Attorney At Law; principals Anna Cheung, Linda Hung and Philip Hung
  • Neighborhood: Bensonhurst, Brooklyn
  • Subway: 4-minute walk to 18 Av (D); 5 minutes to 79 St (D)
  1. SubmittedDecember 2019
  2. AcceptedJune 2021

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 →

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 →

Team

Sponsor
Shion Capital, LLC
Principals
Anna Cheung, Linda Hung, Philip Hung
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
General contractor
Fung Tai ConstructionHeld the general construction permit on DOB job 321190778
Title agency
Summit Associates Corp.The sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 60

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R5

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

Nearby

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The Condo Book Project Are 8154 Bay 16th Street's common charges high for the area? No, they're on the low side. 8154 Bay 16th Street budgets $0.20 per square foot a month, against a $0.39 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?