941 57th Street Condominium
941 57th Street Condominium, Brooklyn, NY 11219
Overview
941 57th Street is a new 13-unit condo in Brooklyn, with 7 parking units and 1 commercial unit.
- Offering plan: Accepted December 2024 · 319 pages
- Prices: $1,072 a square foot on average, as first offered; $10.7 million in all ($10.7 million when first offered)
- Common charges: $254–$602 a month, the sponsor's first-year estimate
- Sponsor: 941 Property LLC, represented by Moritt Hock & Hamroff, LLP; principals Bing Ru Zheng and Gu Chen
- Neighborhood: Borough Park, Brooklyn
- Subway: 7-minute walk to Fort Hamilton Pkwy (N); 10 minutes to 8 Av (N)
- Amendments: 4, the latest in June 2026
- Units
- 13 residential · 7 parking · 1 commercial
- Neighborhood
- Borough Park, Brooklyn
- Subway
- 7 min walk to Fort Hamilton Pkwy N8 Av N, 10 min
- Principals
- Bing Ru Zheng, Gu Chen
- Average $/sf
- $1,072Homes in Schedule A, as first offered
- Common charges
- $254–$602 a monthSponsor's first-year estimate in Schedule A, For the Period of January 1, 2025 to December 31, 2025
- Offering price
- $10.7 million total $10.7 million when first offered
- SubmittedMarch 2025
- AcceptedDecember 2024
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Feb 28, 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 941 57th Street's common charges compare with similar buildings? →
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 →Compare
| Figure | This building1 | Bath Beach Residence211 units · 1.8 miaccepted 2024 | 35538 units · 0.9 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.55Above peers | $0.51 | $0.45 |
| Average Offering PricePer Apartment | $626,154Below peers | $762,436 | $639,248 |
| Average PricePer Square Foot | $1,072Above peers | $1,011 | $1,029 |
| Average Unit SizeSquare Feet | 584 SFSmaller | 754 SF | 621 SF |
How We Got This
- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closing Costs
The plan lists what a buyer pays at closing.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Dec 19, 2025
Amendment provides closing updates, lists 6 unsold units with prices, confirms budget unchanged, and notifies of FinCEN reporting requirements.
- First residential closing was Unit 2B on June 27, 2025
- Declaration recorded June 11, 2025 as CRFN 2025000157275
- Final Certificate of Occupancy issued June 7, 2024
- 6 unsold units remain; prices from $100,000 to $2,500,000
- Working capital $6,310.30 held at Cathay Bank as of December 2, 2025
- Sponsor current on all financial obligations since first closing
- FinCEN Geographic Targeting Order requires reporting of certain cash purchases $300,000+ effective February 28, 2026
Amendment 2 2025
Plan declared effective after 15% of residential units obtained purchase agreements; first closing anticipated August 1, 2025.
- Plan declared effective March 27, 2025 with two units (15.385% of 13 units) from bona fide purchasers
- First closing anticipated on or about August 1, 2025
- Budget unchanged; no material changes to first year operating budget
- Plan extended for six months from amendment filing date
Amendment 1 2025
Amendment corrects typographical errors in Unit 5A square footage on Schedule A.
- Unit 5A unit square footage corrected to 1,069 (was incorrect)
- Unit 5A total square footage corrected to 1,497 (was incorrect)
- Unit 5A is not under contract
Team
- Sponsor
- 941 Property LLC
- Principals
- Bing Ru Zheng, Gu Chen
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- MGNY Consulting GroupPrepared the first-year real estate tax projection
- Construction lender
- Paul Liteplo and Emilia Liteplo$1 million recorded
- General contractors
- 99 Construction, Dyker SolutionsHeld the general construction permit on DOB job 321457712
- Title agency
- Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 74
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
- 82 Real Estate Condominiumnext door · 9 units · 2022
- 928 57th Street Condominiumnext door · 6 units · 2 parking · 2025
- 915 56th Street Condominiumnext door · 7 units · 2023
- 915 55st Condominium0.1 mi · 8 units · 2022
- Sun City Condominium0.1 mi · 17 units · 12 parking · 2017
- 866 Condominium0.1 mi · 9 units · 2018
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