Kibo Residences (155 Hope Street)

Tang Studio Architect filed the conversion in July 2023 as an alteration with a new certificate of occupancy: a residential conversion of an existing manufacturing building under the zoning rules for converting non-residential buildings, with interior renovation and no change to the existing egress. The filing takes the building from five stories and 55 feet with no apartments to six stories and 68 feet with eight, at about 15,847 square feet of construction floor area. Permits issued in April 2024. Structural work for the enlargement was signed off in May 2026.

Listing records describe one-bedroom homes of more than 900 square feet, each with two full bathrooms, in-unit washers and dryers, a virtual doorman, and at least one townhouse unit (TH-A). Listing records disagree on whether TH-A has two or three bedrooms; check the floor plan in the offering plan.

Per the offering plan filed with the New York State Attorney General (plan CD250156), the plan was submitted May 7, 2025 and accepted December 29, 2025, with Prime Williamsburg Holding LLC as sponsor. The record lists eight residential units. Its total offering price was $17,400,000 when first filed and is $19,280,000 in the current record. The record shows no effective date and no units sold. Amendment-level detail was not available from the Attorney General database for this review.

Asking prices in listing records, seen through August 2026:

• Residence 3A — one-bedroom, two baths, over 900 sq ft, $1,565,000
• Residence 3B — one-bedroom, two baths, over 900 sq ft, $1,595,000; common charges $637 a month and projected taxes of $2,520 a year
• Residence 4B — one-bedroom, two baths, over 900 sq ft, $1,615,000, listed June 26, 2026
• Townhouse A — two or three bedrooms (sources differ), $3,155,000; common charges $1,132 a month and projected taxes of $4,476 a year

At 900 square feet the one-bedroom asks would be about $1,740 to $1,795 a square foot; the true figure is somewhat lower because listing records put the homes above 900 square feet. Asks for the other four homes were not found. The four published asks total $7.93 million, which leaves about $11.35 million in the plan's total for the remaining four, or roughly $2.8 million each. Those homes are likely larger; confirm against Schedule A. ACRIS shows no condominium declaration or recorded sales as of October 2026.

The plan is not yet effective. Until the sponsor declares the plan effective, signed contracts depend on the plan becoming effective, and the plan's terms can still change by amendment. Read every amendment, and confirm deposits are held in escrow.

A converted building. The structure dates to 1910 and was built for manufacturing. Ask for the engineer's report in the plan, the scope of facade and roof work, and how the new top floor ties into the old frame.

Projected taxes. The listed tax projections are low for the asking prices. Ask what assumption sits behind them and whether any exemption applies; a first-year estimate can rise once the city assesses the new condominium lots.

Closing costs. In a sponsor sale the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City transfer tax (1.425% above $500,000), plus the mansion tax of 1% at $1 million, 1.25% from $2 million and 1.5% from $3 million. On a $1,595,000 one-bedroom that is about $29,100 in transfer taxes and $15,950 in mansion tax. Use the calculators below to run your price.

Sponsor control. The sponsor controls the board until enough units close. The by-laws set the threshold.

If you're considering Kibo Residences, also look at these Williamsburg condominiums:

• 147 Hope Street — 38-residence new building on the same tax block
• 280 Metropolitan Avenue — 28-residence new-construction condominium
• 141 Ross Street — 16-residence condominium conversion of an existing building
• 109 Devoe Street — eight-residence new-construction condominium
• 100 Scholes Street — eight-residence new-construction condominium
• 170 Williamsburg Street East — 20-residence mixed-use condominium