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Condominium · 2017
11 Hoyt Street
11 Hoyt Street, Brooklyn, NY 11201
Buildings·Condominium

11 Hoyt Street

11 Hoyt Street, Brooklyn, NY 11201

Boerum Hill, Brooklyn

BBL 3001577501 · BIN 3329438

At a glance
Year built
2017
Type
Condominium
Units
480
Floors
52
Landmark
No
Board & building profile
Flip tax
none disclosed in the offering plan; sponsor-sale closings carried a Working Capital Fund contribution of one month's Common Charges, a Reserve Fund contribution of one month's Common Charges, and $4,000 per unit payable to sponsor's counsel
Financing
no cooperative-style minimum down payment or board approval; lender requirements govern
Subletting
permitted under the standard condominium framework; Board holds a right of first refusal on leases and sales. Specific minimum lease term not located in the Part I text available - flagged on page as an item to read out of the by-laws/house rules
Pied-à-terre
permitted (standard condominium)
Washer / dryer
washer and dryer in every residence per the offering plan; common laundry facility in the building
Pets
up to two domestic dogs, cats, caged birds or fish per unit as of right; anything more requires written Board/Managing Agent consent, revocable at will; animals must be carried or leashed in public areas and restricted to Board-designated elevators; fines for unleashed animals; nuisance pet removed within one week of notice (plan Special Risks sec. 44, Pet Policy)

Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2021 (Eighth Amendment)). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.

The block bounded by Hoyt, Livingston, Elm Place and Fulton Street held a parking garage for the Abraham & Straus department store, later Macy's Brooklyn. Tishman Speyer acquired the site in 2015, demolished the garage, and started construction on December 1, 2017. What replaced it is the largest for-sale condominium on the Boerum Hill–Downtown Brooklyn seam and Jeanne Gang's first completed New York skyscraper: 52 stories, 591 feet, 480 residences, and a 27,000-square-foot private park suspended one floor above the sidewalk.

The design argument is legible from the street. Studio Gang's envelope is prefabricated architectural precast concrete cast into a continuous scalloped profile that migrates across the elevations as it rises. The reference is the Brooklyn bay window — the projecting three-sided bay that organizes the row-house façades in the historic district a few blocks south — restated at tower scale in a material that could be produced off-site and hung on an otherwise repetitive concrete frame. The scallops are not applied ornament: they produce curved window walls, built-in window seats, and roughly 190 distinct floor plans in a building where the structural floor plate and column grid barely change from level to level. Two units on the same line at different heights are frequently not the same apartment.

The second structural fact is the podium. Rather than stacking amenity floors inside the tower alone, the design puts a landscaped deck by Hollander Design on top of the second floor and treats it as the building's fifth elevation — a podium deliberately kept low so that sunlight reaches both the garden and Hoyt Street below. Around it sit roughly 55,000 square feet of interior amenity space in three zones: ground-floor lounges and pet facilities, a third-floor recreation floor with pool, squash court and spa deck, and a thirty-second-floor sky floor with dining, media and music rooms. That program is closer in scale to a Manhattan trophy condominium than to anything in the brownstone belt, and it is the single largest driver of the building's common charges.

The third fact is the one buyers most often get wrong, and it is a tax fact. The residential condominium at 11 Hoyt has no 421-a, no J-51, and no other exemption or abatement. The sponsor's tax counsel said so in writing in the plan's revised tax projection letter: the residential component would not apply for any benefit, and the 25-year ICAP application covered only the commercial component. Buyers arriving from the Williamsburg or Downtown rental-conversion market, where an abatement in phase-out is the normal condition, need to reset their carrying-cost math here. The current bill is the full assessment, plus a Fulton Mall Improvement Association BID assessment on top of it. There is no future step-up to plan around and no benefit to lose.

The location deserves a plain sentence. Boerum Hill's row-house core runs along State, Dean, Bergen, Pacific and Wyckoff Streets between roughly Hoyt and Nevins, with Atlantic Avenue and Smith Street as its commercial edges; 11 Hoyt sits several blocks north of that fabric, in the Special Downtown Brooklyn District, next to the Fulton Street retail spine and on top of the Hoyt–Schermerhorn and Hoyt Street stations. The neighborhood name itself only dates to the 1960s, when brownstone-revival residents borrowed the name of the colonial Boerum family farm for blocks previously called North Gowanus or simply South Brooklyn. Boundary questions here are recent by construction.

Architecture and unit composition

The structure is a mat foundation supplemented by ground-improvement elements, with columns on new and existing spread footings, a reinforced-concrete superstructure of flat-plate slabs on concrete columns and shear walls, and an exterior wall of architectural precast panels. Fifty-two stories of that frame carry residences from floor 5 to the penthouse level, with support spaces at the cellar, cellar mezzanine, ground, second, third, fourth and thirty-second floors and the retail unit at cellar and ground level.

Unit sizes run from studios through four-bedroom residences. Because marketing floor numbers omit 13, 33, 34 and 44, a "floor 50" apartment sits at a different construction level than its number implies; when pulling comparables inside the building, match on the marketing designation used in the plan's Schedule A rather than on assumed height. Private terraces are appurtenant to specific units as residential limited common elements — the owner handles ordinary maintenance and cleaning, the board handles structural and leak repair as a common expense — and terrace square footage is set in Schedule A and the floor plans, not in marketing copy.

Every residence carries a washer and dryer, alongside a common laundry facility. Parking and storage do not travel with the apartment: the garage is a common element with 150 licensed spaces, storage is 134 licensed bins, and a storage license must be assigned or terminated when the owner sells. Verify with management whether a specific unit currently holds either license, and at what monthly charge, before assigning value to it.

Building operations

11 Hoyt runs as a full-service condominium with an amenity program larger than most Brooklyn buildings of any tenure. The offering plan's board-control provisions matter in a resale context: during the initial control period the sponsor designated all three board members and held consent rights over alterations, reserve assessments, staffing changes, borrowing and the exercise of the right of first refusal. The first closing occurred on November 13, 2020 (Unit 16K), which started the clock on the transition provisions; confirm the current board composition and the status of sponsor control from the most recent amendment and the minutes.

Two operating items deserve diligence attention. First, the permanent certificate of occupancy: as of the eighth amendment the residential portion was still operating under a temporary certificate, with the architect of record certifying roughly $14.6 million of remaining work and purchaser deposits held in escrow against it. Ask for the current status directly. Second, the amenity load: a pool, squash court, saunas, spa pool, a 27,000-square-foot planted podium and three separate amenity zones carry real recurring cost and a real capital-replacement schedule, and the reserve position behind them is the number to read in the audited statements rather than the amenity list itself. Management history and current agent details are maintained in The Roebling Research Library and confirmed with clients during diligence.

Recent sales

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

DateUnitPrice
Jun 23, 202618H$2,850,000
Jun 15, 202645K$2,200,000
May 15, 202630H$1,515,000
May 18, 202627J$1,945,000
Jan 30, 202639F$2,901,888
Dec 31, 202523F$785,000
View all 32 recorded sales, sortable

Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00157-7501) 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

There is no abatement, and that is documented, not inferred. The plan's tax counsel stated that the residential condominium would not apply for any exemption or abatement; ICAP covers the commercial unit only. Build the full tax bill plus the BID assessment into your carrying-cost model from day one.

Match the plan type, not the line. Roughly 190 floor plans across 480 units means the apartment two floors below yours may not be the same apartment. Use Schedule A and the floor plans to confirm what you are actually comparing.

Parking and storage are licenses. Neither is appurtenant to the unit, and a storage license dies with the sale unless assigned. Confirm availability, cost and waitlist before pricing either into the deal.

Underwrite the amenity base. Pool, squash court, spa deck, saunas and a 27,000-square-foot planted podium are the reason to buy here and the reason common charges sit where they do. Read the reserve position and the capital plan, not just the amenity list. The building was still under a temporary certificate of occupancy as of the eighth amendment, with completion work escrowed — ask for the current status in writing.

You are buying Downtown, not the row-house district. Subway access at Hoyt–Schermerhorn and Hoyt Street is exceptional and the Fulton Street retail is at the door; the landmarked Boerum Hill blocks are a walk south rather than a view out the window.

What to know if you’re selling

Lead with the architecture and the podium. Studio Gang's first completed New York tower, a precast scalloped envelope, and a 27,000-square-foot elevated park by Hollander Design are differentiators no competing Brooklyn condominium can claim. Photograph the bay and the garden.

Be direct about taxes. Buyers find the absence of an abatement immediately. Presenting it plainly, alongside the amenity and transit case, produces better outcomes than letting a buyer's attorney discover it late.

Anchor to same-plan comparables. Building-average per-square-foot figures understate a well-configured corner scallop and overstate a lower interior plan. Pull the specific plan type.

Package the licenses. If the unit carries parking or storage, document the license, the monthly charge and the assignment mechanics up front.

Closings are condominium-fast. Right of first refusal only, no board interview, no financing minimum beyond the lender's — a real advantage against the neighborhood's co-op inventory.

Comparable buildings

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
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