118 Union Street (Fifth Columbia Terrace)
118 Union Street, Brooklyn, NY 11231
BBL 3003427501 · BIN 3338861
- Year built
- 1990
- Type
- Condominium
- Units
- 32
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Fifth Columbia Terrace, the name on the recorded declaration and floor plans 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.
Fifth Columbia Terrace comes from a specific New York housing program, and ACRIS shows it. The first-sale deeds in 1992 were signed by the sponsor, Fifth Columbia Development Corp., together with the New York City Partnership Housing Development Fund Company, the not-for-profit entity that held land for the Partnership New Homes Program. On the day each apartment closed, the buyer also gave a mortgage to HPD. That is the program's usual structure: the City put in a subsidy at purchase, recorded it as a lien and recovered it on resale under the terms of the note. Fort Greene Partnership Homes shows the same structure in more detail, because its offering plan is on file.
Thirty-four years later the building trades on the open market. Resales since the late 2000s have been between separate, unrelated buyers at market prices, many units have changed hands several times, and no unit is held by the sponsor. It passes the test that matters for a lender and a buyer: it is a fully sold condominium of individually owned apartments. The program's legacy now comes down to one practical point, which is whether a City lien remains on the specific unit, and a title search settles it.
The name also places the building in the neighborhood's history. The Columbia Waterfront guide describes the Columbia Terrace condominiums, low-rise buildings on President, Carroll and Columbia Streets that make up much of the district's apartment stock. The "Fifth" in the name suggests this is a later phase of that series, though no document on file confirms it.
Architecture and unit composition
Three-story buildings about 30 feet high hold the corner and run south along Columbia Street, with shops on the ground floor at the Union Street end. The apartment designations follow a clear pattern: numbers 1 through 12, each with up to three letters (A, B, C). That fits twelve three-unit house sections, with four ground-floor positions used as the Store A–D commercial units. The pattern is inferred from the unit schedule, not from floor plans. Buyers should confirm which floor a given unit is on against the declaration's floor plans.
Listing records show a consistent product: two-bedroom, one-bath flats of roughly 760 to 900 square feet, with access to a common garden. Interior condition varies by unit and accounts for much of the price spread. No elevator is documented, so assume walk-up access above the ground floor.
Building operations
The building is run by a board of managers (ACRIS records it as the Board of Managers of Fifth Columbia Terrace Condominium) through a managing agent. With no offering plan or financials on file, the budget, reserves, insurance and house rules should be requested at the start of any purchase. The commercial units add an operational factor residential-only buildings do not have. A restaurant at 122 Union Street runs a commercial kitchen with a fire-suppression system and exhaust, per building-department filings from 2004 through 2018. Buyers of apartments near it should ask about ventilation and noise and about how the declaration divides costs between commercial and residential owners.
The 25-year 421-a has fully expired. Carrying costs today reflect full taxes, and listings from before 2017 show lower costs that no longer apply.
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Sep 24, 2025 | 9A | $985,000 |
| Nov 13, 2024 | 6C | $1,100,000 |
| Aug 30, 2021 | 2B | $925,000 |
| Dec 18, 2019 | 9A | $850,000 |
| Jan 2, 2020 | 6A | $780,000 |
| Nov 13, 2018 | 9B | $800,000 |
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 3-00342-7501) 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Order the title search early and read it for City liens. Each first buyer gave HPD a mortgage in 1992. Some have been satisfied and some subordinated. Make sure yours is satisfied of record, or that the seller's attorney can deliver a satisfaction at closing.
Check the original deed's covenants. Partnership-program deeds sometimes carried owner-occupancy covenants tied to the City subsidy. If you plan to rent the unit, have your attorney confirm that none still binds it.
Ask for the documents that are missing here. Budget, reserves, the declaration and by-laws, house rules, and any right of first refusal. None is on file, and all of them affect the price.
Know where the restaurant is. Units above or next to the commercial space at 120–122 Union Street have different conditions from those on Columbia Street.
What to know if you’re selling
Clear the City lien before you list. If an HPD mortgage is still of record on your unit, getting the payoff or satisfaction in hand first removes the most likely delay at closing.
Sell the size of the two-bedroom. For a district this small, two bedrooms at this size and price are a clear category. Price against sales in the building first and the neighborhood's condominium sample second.
Assemble a condominium package. Buyers' attorneys will ask for the declaration, budget and house rules. Having them ready compensates for a building with no public offering plan.
Comparable buildings
If you're considering 118 Union Street, also evaluate:
- 1 Tiffany Place — the district's most-traded condominium, a 70-apartment 1986 loft conversion on the cobblestone block
- 110 Warren Street (Columbia Commons) — the for-sale half of a 2010 mixed-income master condominium at the district's eastern edge
- 415 Carlton Avenue (Fort Greene Partnership Homes) — the same Partnership New Homes structure, with its offering plan on file
- 93 Rapelye Street (The Maritime) — a 40-unit 2004 Carroll Gardens condominium whose 15-year 421-a has run off
- 145 President Street — a seventeen-unit Carroll Gardens condominium a few blocks east, with parking
- 291 Union Street (Sackett Union) — a Carroll Gardens new-development condominium with townhouses and parking; the ceiling on the same street
- 501 Hicks Street — the 34-unit Cobble Hill School Condominium, a 1980s conversion with on-site parking
More Columbia Waterfront buildings
- 1 Tiffany Place — 1921 condominium
- 100 Congress Street — 2008 condominium
- 110 Warren Street (Columbia Commons) — 2010 condominium
- 255 Columbia Street — 2014 condop
- 60 Tiffany Place — 1978 condominium
- 75 Columbia Street — 2008 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Columbia Waterfront.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Fifth Columbia Terrace, the name on the recorded declaration and floor plans?
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