Bay Vista Condominium
8629 Bay Parkway, Brooklyn, NY 11214
Overview
Bay Vista is a 38-unit condo in Brooklyn, with 18 parking units and 1 commercial unit.
- Offering plan: Accepted June 2016 · 320 pages · floor plans on page 88
- Finishes: Hardwood floors, quartz kitchen countertops, laminate and thermafoil cabinets, LG appliances, Lada bathroom fittings and split-system units for heating and cooling
- Prices: $715 a square foot on average, as first offered; $25 million in all ($23 million when first offered)
- Common charges: $176–$347 a month, the sponsor's first-year estimate
- Developers: PYE Properties, Inc. and Shore Tower Group LLC; principals Mark Yadgarov and Pyotr Yadgarov
- Sponsor: 8629 Bay Parkway, LLC, represented by Tsyngauz & Associates, P.C.
- Neighborhood: Gravesend, Brooklyn
- Subway: 1-minute walk to Bay Pkwy (D); 7 minutes to 20 Av (D)
- Amendments: 9, the latest in November 2016
- Other filings: CD150123 (condo plan, filed 2015, withdrawn)
- Units
- 38 residential · 18 parking · 1 commercial
- Neighborhood
- Gravesend, Brooklyn
- Subway
- 1 min walk to Bay Pkwy D20 Av D, 7 min
- Developers
- PYE Properties, Inc., Shore Tower Group LLC
- Principals
- Mark Yadgarov, Pyotr Yadgarov
- Average $/sf
- $715Homes in Schedule A, as first offered
- Common charges
- $176–$347 a monthSponsor's first-year estimate in Schedule A, January 1, 2017 - December 31, 2017
- Offering price
- $25 million total $23 million when first offered
- Floor plans
- Page 88 of the plan
- SubmittedJune 2016
- AcceptedJune 2016
- 9 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2026.
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 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 8 Feb 27, 2017
Offering prices increased for 15 residential units, 6 parking units, and 2 bicycle bin units.
- Unit 1A price raised to $575,000.00
- Unit 1B price raised to $650,000.00
- Unit 1D price raised to $425,000.00
- Unit 1E price raised to $710,000.00
- Unit 2F price raised to $730,000.00
- Unit 3A price raised to $615,000.00
- Unit 3D price raised to $550,000.00
- Unit 3E price raised to $730,000.00
Amendment 7 Sep 30, 2016
Offering prices increased for units 3B and 3E.
- Unit 3B price raised to $485,000.00
- Unit 3E price raised to $725,000.00
Amendment 6 Sep 8, 2016
Sponsor increased offering prices for the Community Facility Unit and units 3B, 3D, and 4E.
- Community Facility Unit (CFU) price raised to $880,000.00
- Unit 3B price raised to $470,000.00
- Unit 3D price raised to $545,000.00
- Unit 4E price raised to $745,000.00
Amendment 5 Aug 11, 2016
Offering prices increased for units 3B and 3D.
- Unit 3B price raised to $461,000.00
- Unit 3D price raised to $537,000.00
Amendment 4 Jul 7, 2016
Sponsor accepts seven residential units (18.42% of units) and declares the plan effective.
- Seven residential units accepted for purchase (18.42% of all units)
- Plan declared effective upon filing of this amendment
- Purchase agreements accepted for units 1C, 1D, 2C, 2D, 2E, 3C, 3E as of July 6, 2016
Amendment 3 Jun 30, 2016
Sponsor increased offering prices for three residential units (2A, 4A, and 5A).
- Unit 2A price raised to $585,000.00
- Unit 4A price raised to $610,000.00
- Unit 5A price raised to $620,000.00
Amendment 2 Jun 23, 2016
Sponsor increased offering prices for the Community Facility Unit and all residential units.
- All unit prices increased; Community Facility Unit now $816,000.00
- Residential unit prices range from $390,000.00 to $905,000.00
- Parking spaces and bike boxes remain $50,000.00 and $5,000.00 respectively
Amendment 1 Jun 15, 2016
Sponsor increased offering prices for the Community Facility Unit and all residential units.
- Community Facility Unit price increased to $786,000.00
- Residential unit prices increased across all floors (1A–6D range from $360,000.00 to $875,000.00)
- Parking and storage unit prices increased to $50,000.00 each (PS1–PS17) and $5,000.00 each (BB1–BB19)
- Projected monthly common charges, taxes, and carrying charges updated in revised Schedule A
Team
- Sponsor
- 8629 Bay Parkway, LLC
- Developers
- PYE Properties, Inc., Shore Tower Group LLC
- Principals
- Mark Yadgarov, Pyotr Yadgarov
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- W Financial Fund, LP$10.8 million loan stated in the plan
- General contractor
- HPD Construction, Inc.Named on p. 16
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
- 50-62 Bay 32nd Street Condominiumnext door · 18 units · 2008
- 8616 Tower Condominium0.2 mi · 45 units · 25 parking · 2018
- 87-35 Bay Parkway0.2 mi · 1987
- Tower 85 Condominium0.2 mi · 11 units · 9 parking · 2021
- Happiness Condominium0.3 mi · 6 units · 5 parking · 2020
- 16 Bay 25th Street Condominium0.3 mi · 10 units · 2 parking · 2021
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