THE CONDO BOOK PROJECT

818 60th Street Condominium

818 60th Street, Brooklyn, NY 11220

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Overview

818 60th Street is an 8-unit condo in Brooklyn, with 3 commercial units.

  • Offering plan: Accepted June 2022 · 321 pages · floor plans on pages 218–220
  • Finishes: Tile floors, granite kitchen countertops, wood laminate cabinets, Whirlpool appliances and split-system units for heating and cooling
  • Prices: $959 a square foot on average, as first offered; $11.4 million in all
  • Common charges: $204–$270 a month, the sponsor's first-year estimate
  • Sponsor: 818 60th St Realty LLC, represented by Moritt Hock & Hamroff, LLP; principals Yu Kei Lam and Shi Wei Lei
  • Neighborhood: Sunset Park, Brooklyn
  • Subway: 3-minute walk to 8 Av (N); 7 minutes to Fort Hamilton Pkwy (N)
  • Amendments: 2, the latest in June 2023
  1. SubmittedJuly 2022
  2. AcceptedJune 2022
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Jul 31, 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 818 60th Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 8 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 6 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 2023

Amendment No. 2 updates closing details, reports three unsold commercial units and two unsold residential units as of June 7, 2023, and confirms the sponsor's financial status.

  • First residential closing was Unit 3A on February 23, 2023
  • Declaration and By-Laws recorded October 19, 2022 as CRFN 2022000396701
  • Final Certificate of Occupancy issued March 14, 2018
  • Working capital of $904.56 (two months common charges) held at TD Bank
  • Reserve Fund account established at TD Bank
  • Mortgage with Amerasia Bank: $3,194,295.67 balance, $27,944.84 monthly interest, matures August 1, 2029
  • Unsold units: 3 commercial (C1, C2, C3) priced $1,850,000–$2,350,000; 2 residential (5A, 6B) priced $625,000–$684,000

Amendment 1 2022

Plan declared effective after 2 of 8 units sold, with first closing anticipated in September 2022.

  • Plan declared effective on July 11, 2022
  • 2 of 8 residential units under contract (approximately 25%)
  • First closing anticipated on or about September 1, 2022
  • Budget has not changed
  • Amendment valid for 6 months from acceptance date
What each amendment changed, line by lineSee it free →

Team

Sponsor
818 60th St Realty LLC
Principals
Yu Kei Lam, Shi Wei Lei
Tax estimate
Highpoint Incentives Inc.Prepared the first-year real estate tax projection
Construction lender
Amerasia Bank$6.07 million recorded
General contractor
Sunlight Construction AaHeld the general construction permit on DOB job 320908434
Property report
S M TAM ARCHITECT, PLLCPrepared the plan's description of the property and its condition · Named on p. 192
Title agency
Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · 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
C4-2

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

Nearby

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The Condo Book Project Are 818 60th Street's common charges high for the area? No, they're on the low side. 818 60th Street budgets $0.35 per square foot a month, against a $0.62 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?