122 Ashland Place (University Towers)

The 15-story brick tower stands on a landscaped parcel. Its siblings at 175 and 191 Willoughby Street share its construction year and height; Department of Finance records list 183 units in each, compared with 184 at 122 Ashland. The three parcels total roughly 233,000 square feet of land. Inspect the actual apartment’s outlook, light and relationship to the open ground.

Unit composition follows the 1950s middle-income template — studios through three-bedrooms, with closet counts and room proportions that read generously against contemporary construction. Individual apartments vary widely in condition, since forty years of shareholder ownership have produced a full range from original to gut-renovated. Line position, floor and exposure drive light and view; the upper floors on the western and southern elevations pick up Downtown Brooklyn and, on the higher floors, longer skyline views. Because the buildings sit outside any historic district, window replacement and exterior work have not required Landmarks review, which simplifies both the corporation's capital planning and any shareholder alteration.

University Towers Apartment Corp. operates all three buildings under one board and budget. Review the corporation’s financial statements and house rules across the complex. Its published materials identify FirstService Residential as managing agent and list on-site security, fitness facilities, laundry rooms and grounds maintenance; apartment count alone does not establish staffing adequacy or a particular allocation of capital costs.

The parking arrangement is worth understanding before it turns up in a contract. The cooperative describes more than 200 parking spaces available for purchase or rent from shareholders — that is, at least some spaces trade between residents; whether the corporation also allocates spaces, approves transfers or keeps a waiting list is not published. A buyer who needs parking should establish early whether a space is included in the transaction, whether it is separately purchased, and how the corporation documents the transfer.

Capital diligence for a 1958 masonry high-rise runs to the usual list: FISP/Local Law 11 façade cycles, elevator modernization, roof, and the building's heating and domestic-water plant. Ask for the last several years of financial statements, the current reserve position, and any assessment history across all three buildings, since the corporation is unitary.

Pets, subletting, pied-à-terre, washer/dryer, financing standards and any flip tax: Not publicly documented for this cooperative. Because University Towers is a large, self-contained corporation with its own long-standing house rules, these answers should come from the managing agent and the current purchase application rather than from inference. Confirm each in writing before an offer.

Board approval: Standard cooperative form — application package, financial review, and board interview.

Income and equity restrictions: None. The building is not a Mitchell-Lama, HDFC or other limited-equity cooperative; it is a conventional co-op trading on the open market.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $727/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 1.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02061-0040). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

Confirm the ownership terms. Obtain the current proprietary lease and purchase requirements, including any income, equity or resale restrictions.

Get the house rules and purchase application before you write an offer. Pets, sublets, pied-à-terre use, washer/dryer and financing minimums are not publicly documented here, and in a corporation this size the answers are specific and well established.

Review the shared capital plan. Check work planned for both Willoughby buildings as well as 122 Ashland, and how the corporation allocates its costs and assessments.

Sort out parking early. The cooperative advertises spaces for purchase or rent from shareholders; confirm availability, the interest being transferred, corporation approval and any allocation or waiting-list rules before treating a space as part of the purchase.

Inspect light and outlook. The approximately 1.8-acre parcel provides open ground and setbacks, but apartment-level light and ventilation require an individual inspection.

Answer the Mitchell-Lama question in the listing. Provide documentation of the cooperative’s status and any income or resale restrictions; buyer concerns should be assessed individually.

Compare specific apartments across the complex. Match renovation, floor, exposure, area and parking rights; include other suitable buildings when the differences can be accounted for.

Document the setting. Show the actual outlook, setbacks, grounds and any parking rights included in the transaction without implying that every apartment has cross-ventilation.

Have the building package ready. Financial statements, reserve position and any current capital work should be in the deal room before the first showing; a large co-op's paperwork slows deals that were not prepared for it.

If you're considering 122 Ashland Place, also evaluate:

• 191 Willoughby Street (University Towers) — the sibling tower under the same cooperative corporation; the most direct comparable that exists
• 185 Hall Street (Willoughby Walk) — Clinton Hill's 1959 urban-renewal cooperative; the closest peer in scale, vintage and site plan
• 195 Willoughby Avenue (Willoughby Walk) — the second Willoughby Walk tower, same corporation, same postwar register
• 185 Clinton Avenue (Clinton Hill Co-ops) — the large Clinton Hill co-op campus; the other big for-sale block in the area
• 345 Clinton Avenue (Clinton Hill Apartments) — companion campus building, similar scale and buyer profile
• 110 Livingston Street — Downtown Brooklyn's large converted building; a comparably sized for-sale alternative to the west
• 135 Eastern Parkway (Turner Towers) — Prospect Heights' large prewar co-op; a price-per-room benchmark at scale
• 96 Schermerhorn Street (Boerum Court) — co-op alternative on the Downtown Brooklyn edge; confirm construction and conversion dates from primary records