THE CONDO BOOK PROJECT

915 56th Street Condominium

915 56th Street, Brooklyn, NY 11219

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Overview

915 56th Street is a 7-unit condo in Brooklyn, with 2 commercial units.

  • Offering plan: Accepted November 2023 · 337 pages · floor plans on pages 221–222
  • Prices: $1,020 a square foot on average, as first offered; $5.92 million in all
  • Common charges: $447–$895 a month, the sponsor's first-year estimate
  • Sponsor: 915 56 Ldhq Realty LLC, represented by Moritt Hock & Hamroff, LLP; principals Hai Qin Lin and Liang Dong Zhou
  • Neighborhood: Borough Park, Brooklyn
  • Subway: 9-minute walk to Fort Hamilton Pkwy (N); 10 minutes to 8 Av (N)
  • Amendments: 3, the latest in June 2025
  1. SubmittedMarch 2024
  2. AcceptedNovember 2023
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

2 of 7homes sold (29%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2024.

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 915 56th 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 7 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 2024

Amendment updates closing status, unsold unit prices, working capital and reserve fund balances, sponsor obligations, and board composition as of October 30, 2024.

  • First residential unit (2B) closed July 25, 2024; Final Certificate of Occupancy received December 4, 2023
  • Five unsold residential units and two unsold commercial units remain as of October 30, 2024
  • Working capital collected: $3,674.47 held at Chase Bank
  • Reserve Fund established with balance of $10,000
  • Construction loan satisfied; unsold units no longer subject to construction financing
  • Sponsor retains board majority; current board members are Zhidong Wu and George Xu
  • FinCEN Geographic Targeting Order reporting requirements effective April 14, 2025 for certain cash purchases $300,000 or more
  • Plan valid for six months from amendment acceptance date

Amendment 1 2024

Plan declared effective as of February 14, 2024, after two purchase agreements were executed for 30% of units.

  • Plan declared effective February 14, 2024
  • First closing anticipated on or about May 1, 2024
  • Budget for condominium unchanged
  • Plan may be used for six (6) months from amendment filing date
What each amendment changed, line by lineSee it free →

Team

Sponsor
915 56 Ldhq Realty LLC
Principals
Hai Qin Lin, Liang Dong Zhou
Tax estimate
Metropollitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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The Condo Book Project Are 915 56th Street's common charges high for the area? Yes, they're on the high side. 915 56th Street budgets $0.68 per square foot a month, against a $0.49 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?