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Cooperative · 1949
100 Remsen Street
100 Remsen Street, Brooklyn, NY 11201
Buildings·Cooperative

100 Remsen Street

100 Remsen Street, Brooklyn, NY 11201

Brooklyn Heights, Brooklyn

BBL 3002540062 · BIN 3002228

At a glance
Year built
1949
Type
Cooperative
Units
80
Floors
8
Landmark
Designated
Pets
Not publicly documented — confirm against current house rules
Board & building profile
Flip tax
7.5% of seller's profit (sale price over purchase price), per resale-fee note in audited financials annexed to 25th amendment
Subletting
Permitted in practice with board approval and fees (recurring sublet-fee income in co-op financials); terms unverified

Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 25th amendment filing (c. 2020-2022)). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.

100 Remsen Street is the south Heights' full-scale postwar co-op — and the Heights' clearest teaching case on ground-lease cooperative ownership. The eight-story brick apartment house went up in 1949 on the block between Henry and Clinton Streets, in the quiet institutional belt of Remsen Street's churches and bar associations, two blocks from Borough Hall's courts and the express trains. It is among the last apartment buildings completed in Brooklyn Heights before the neighborhood became New York City's first historic district on November 23, 1965; the LPC's district records attribute the architecture to A. Rollin Caughey, whose earlier Heights work includes the 1937 Art Moderne apartment house at 160 Columbia Heights. Postwar buildings inside the district trade on a specific appeal: elevator service, larger windows, and more forgiving layouts than the 1840s row-house stock around them, with the same protected streetscape out every window.

The structural fact that defines the building is the land. When Remsen Apartments, Inc. — leaseholder of the property since 1967 — sponsored the cooperative conversion under a non-eviction plan dated December 20, 1984, what shareholders bought was a leasehold: Remsen Street Owners, Inc. holds a long-term lease on the land and building rather than owning the fee. The lease structure, laid out in the offering plan and tracked through the plan's 25th amendment, runs on an initial term from December 15, 1959 with three consecutive 21-year renewal options; the final option period, if exercised, extends to December 14, 2043. Rent to the underlying landlord is a net $66,000 per year plus 15 percent of gross income above $175,000, with modifications negotiated over the years. Department of Finance records continue to show a separate fee owner of record, consistent with the leasehold remaining in place.

None of this is disqualifying — leasehold co-ops function normally for decades at a time, and 100 Remsen has: the co-op has replaced windows building-wide (financed in 2010), run a façade restoration program funded by assessments, and rented its storage, bicycle, and rooftop-antenna assets to the shareholders' benefit. But the lease is why the building persistently prices below fee-owned Heights co-ops of comparable size, and it is why diligence here starts with a document rather than a walkthrough. The remaining term, the renewal mechanics, the rent-reset exposure, and any board-level discussions about extending the lease or acquiring the fee determine both financeability and exit value. Buyers get more apartment per dollar at 100 Remsen than almost anywhere else in the Heights; the discount is compensation for lease risk, and the analysis should be done with eyes open.

For the right buyer — one who understands the structure, plans a medium-term hold, and wants Heights location at a non-Heights price — the building is one of the neighborhood's genuine value positions. The share loan environment for leasehold co-ops is narrower than for fee co-ops, and that too should be confirmed early with a lender familiar with the building.

Architecture and unit composition

The 1949 construction gives 100 Remsen a different apartment vocabulary from the brownstone co-ops around it: steel-and-masonry construction, an elevator core, foyer-plan one- and two-bedroom layouts, and the larger window openings of the immediate postwar period. The offering plan's schedule covers 78 residential apartments and 2 professional units at the street, with a basement superintendent's apartment outside the share allocation — the source of the 78/79/80 unit-count variation across the plan, the certificate of occupancy, and DOF records. The building sits on an approximately 11,600-square-foot lot, and the plan documents garages on the property historically rented separately — a scarce commodity in the district; current garage arrangements should be confirmed during diligence.

The window stock was replaced building-wide under a capital program financed in 2010, and the co-op's filings document an ongoing façade restoration funded by assessments — the right capital priorities for a 1949 masonry building inside a historic district, where exterior work runs through the LPC.

Building operations

Remsen Street Owners, Inc. has operated the building since the 1985-era closing. The conversion-era budget carried a staff of superintendent, porter, and doorman under the 32B-J contract; the 25th amendment documents professional management engaged in 2016, ongoing capital and operating assessments, and income diversification from sublet fees, storage and bicycle rentals, laundry, and a rooftop antenna license. Sponsor-successor interests still held a block of unsold shares as of the 25th amendment — a standard diligence item for financing and board dynamics. Current staffing, management, and assessment status should be confirmed at offer stage; the Roebling Research Library holds the offering plan, proprietary lease, and amendments including the 25th.

Recent sales

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

2A+29%
$599,000 2018$775,000 2023
8G-4%
$521,000 2008$500,000 2024

Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Dec 29, 20253A$755,000
May 2, 20255A$730,000
Dec 31, 20248G$500,000
Jul 5, 20232A$775,000
Mar 9, 2021$609,118.05
Nov 5, 20182A$599,000

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00254-0062) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.

What to know if you’re buying

Underwrite the lease first. Remaining term to the 2043 horizon, renewal mechanics, rent resets, and any extension or fee-purchase discussions drive everything — financeability, carrying-cost trajectory, and resale. Have your attorney read the lease itself, not a summary.

Confirm lender appetite early. The pool of banks writing share loans in leasehold co-ops is narrower; a lender with history in the building saves weeks.

Model the flip tax as a seller-side cost you will eventually pay. 7.5 percent of profit compounds against long holds in an appreciating market; it belongs in your total-return math alongside the maintenance.

The value is real. Elevator living, larger postwar rooms, and a protected district streetscape at a discount to fee co-ops — for a buyer who prices the lease properly, the trade can be excellent.

Location is the quiet-side Heights. Remsen between Henry and Clinton is institutional and calm; Borough Hall's 2/3/4/5 and R trains are two blocks east, the Promenade three blocks west.

What to know if you’re selling

Lead with transparency on the lease. Every serious buyer's attorney will find it; a seller who packages the lease status, board posture, and lender history up front keeps deals from dying in diligence.

Price against leasehold comps, not the neighborhood at large. Anchoring to fee-simple Heights per-room figures produces stale listings; the building's own recent trades are the honest baseline.

Quantify the flip tax before you list. 7.5 percent of profit on a long-held apartment is a material closing cost; net-proceeds math belongs in your pricing decision, and our seller closing cost calculator below handles it.

Document the capital story. Completed window replacement, ongoing façade work, and diversified co-op income are underwriting positives — put the paper trail in the deal room.

Comparable buildings

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Preparing a board package for this building?

The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.

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Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

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A Private Pricing Opinion — what your apartment at 100 Remsen Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.