861 Sun Condominium
861 51st Street, Brooklyn, NY 11220
Overview
861 Sun is an 8-unit condo in Brooklyn, with 2 parking units and 2 commercial units.
- Offering plan: Accepted January 2020 · 327 pages · floor plans on page 75
- Finishes: Hardwood floors, Whirlpool appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $793 a square foot on average, as first offered; $4.91 million in all
- Common charges: $259–$406 a month, the sponsor's first-year estimate
- Sponsor: 861 51 Street Corp **, represented by Moritt Hock & Hamroff, LLP; principals Benny Fong, Jian Feng Zheng and Xiang Ri Chen
- Neighborhood: Sunset Park, Brooklyn
- Subway: 11-minute walk to 50 St (D); 12 minutes to Fort Hamilton Pkwy (D)
- Amendments: 2, the latest in March 2021
- Units
- 8 residential · 2 parking · 2 commercial
- Neighborhood
- Sunset Park, Brooklyn
- Subway
- 11 min walk to 50 St DFort Hamilton Pkwy D, 12 min
- Principals
- Benny Fong, Jian Feng Zheng, Xiang Ri Chen
- Average $/sf
- $793Homes in Schedule A, as first offered
- Common charges
- $259–$406 a monthSponsor's first-year estimate in Schedule A, March 1, 2020 to February 28, 2021
- Offering price
- $4.91 million total
- Floor plans
- Page 75 of the plan
- SubmittedApril 2020
- AcceptedJanuary 2020
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2025.
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 861 Sun's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 2 homes.
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 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Mar 1, 2021
Amendment updates closing status, unsold unit prices, and condominium budget for the first year of operation.
- First residential unit closed November 9, 2020 for Unit 3B
- Building received Final Certificate of Occupancy effective April 16, 2019
- Two unsold residential units as of July 30, 2021: Unit 3A and 4B, each priced at $480,000
- Working capital account balance $6,600.00 as of July 30, 2021
- Reserve fund account balance $3,200.00 as of July 30, 2021
- Projected budget for first full year March 1, 2021 - February 28, 2022 is $42,843
- Units C and 1 combined as single unit with 30% common interest
- Unsold units subject to mortgage with Amerasia Bank, current balance $359,692.42, maturity date 6/25/24
Amendment 1 Apr 24, 2020
Plan declared effective on February 28, 2020 after 2 of 8 units were purchased; first closing anticipated July 1, 2020; attorney changed to Moritt Hock & Hamroff LLP.
- Plan declared effective February 28, 2020 with 2 of 8 residential units purchased (approximately 15%)
- First closing anticipated on or about July 1, 2020
- Attorney Anthony J. Ficara joined Moritt Hock & Hamroff LLP to represent Sponsor
- Plan valid for 6 months from amendment filing date
Team
- Sponsor
- 861 51 Street Corp **
- Principals
- Benny Fong, Jian Feng Zheng, Xiang Ri Chen
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Moseson & Associates Corp.Prepared the first-year real estate tax projection
- Construction lender
- Ray Chen, Zheng Sheng Zheng and Kit Lam$1.6 million recorded
- General contractor
- Sunlight Construction AaHeld the general construction permit on DOB job 321190322
- Property report
- SM TAM ARCHITECT, PLLCPrepared the plan's description of the property and its condition · Named on p. 184
- Title agency
- Alliance Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 74
- Buyer's lenders
- Popular Bank, Wells FargoThe sponsor's preferred mortgage lenders; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 8
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
- Lucky Group Condominiumnext door · 6 units · 2 parking · 2017
- 867 53rd Street Condominiumnext door · 2022
- Longevity Tower Condominium0.1 mi · 2023
- 825 53rd Street Condominium0.1 mi · 8 units · 2019
- Rol Modern Condominium0.1 mi · 9 units · 2025
- 772 Condominium0.1 mi · 10 units · 2022
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