THE CONDO BOOK PROJECT

Golden Garden Condominium

982 50th Street, Brooklyn, NY 11219

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Overview

Golden Garden is an 8-unit condo in Brooklyn, with 1 commercial unit.

  • Offering plan: Accepted June 2022 · 270 pages · floor plans on page 3
  • Finishes: Hardwood floors, granite kitchen countertops, wood cabinets and Whirlpool appliances
  • Prices: $598 a square foot on average, as first offered; $4.01 million in all
  • Common charges: $184–$420 a month, the sponsor's first-year estimate
  • Sponsor: San Mei NY Inc., represented by Thomas E. Berinato, Attorney At Law; principals Yang Jin Yun
  • Neighborhood: Borough Park, Brooklyn
  • Subway: 7-minute walk to 50 St (D); 7 minutes to Fort Hamilton Pkwy (D)
  • Amendments: 1, the latest in March 2023
  1. SubmittedMarch 2023
  2. AcceptedJune 2022
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 9 homes, with price and dateSee it free →

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 Golden Garden'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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 3 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 Aug 29, 2022

Offering plan declared effective after sponsor accepted purchase agreements for 25% of units.

  • Plan declared effective by notice dated August 29, 2022
  • Sponsor accepted 2 out of 8 residential units (25%)
  • First closing cannot occur until plan effectiveness amendment is accepted for filing by Department of Law
  • Affidavit confirms all purchasers are bona fide and no material budget changes for first year
What the amendment changed, line by lineSee it free →

Team

Sponsor
San Mei NY Inc.
Principals
Yang Jin Yun
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
General contractors
D Z Image, Oz Bosph ConstructionHeld the general construction permit on DOB job 321190055
Title agency
Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for First American Title Insurance Company · Named on p. 60

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 Golden Garden's common charges high for the area? No, they're on the low side. Golden Garden budgets $0.38 per square foot a month, against a $0.64 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?