122 Washington Lofts (124 Washington Avenue)
124 Washington Avenue, Brooklyn, NY 11205
BBL 3018890065 · BIN 3054380
- Year built
- 1946
- Type
- Condominium
- Landmark
- No
- Amenities
- None verified
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 122 Washington Lofts 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.
122 Washington Lofts is a conversion of a four-story industrial building on a 5,000-square-foot lot on Washington Avenue, zoned R6B, into 15 condominium residences. PLUTO carries the building at 20,000 square feet, built in 1946, with no residential units on record. The Buildings Department conversion filing was made September 19, 2024 by RSLN Architecture PLLC, and construction permits and a sidewalk-vault removal filing followed in 2025.
The Attorney General classifies the plan as new construction; the Buildings Department classifies the work as an alteration converting an existing four-story and cellar industrial building to residential use. The Buildings Department description is the one that fits the property record.
Architecture and residences
The plan covers 15 residences in a four-story building with a cellar. The unit mix, sizes, finishes, ceiling heights and outdoor space are in the plan's schedules and have not been verified here.
Offering and pricing
- Total offering price on acceptance: $23,575,000, per the plan accepted February 12, 2026.
- Price change: Amendment 1, filed May 18, 2026, reduced the total offering price by $1,261,000 to $22,314,000, a 5.3 percent cut. The Attorney General reviewed it May 27, 2026.
- Units in the plan: 15 residential, no commercial or storage units.
- Average: About $1.49 million per residence (the plan total divided by 15; my arithmetic, not a plan figure).
- Amendment 2: Submitted August 19, 2026. Its contents were not yet posted as of October 2026.
- Effectiveness and units sold: Not effective; no units sold stated.
- Current asking prices: None published as of October 2026.
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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
The plan has been repriced once. The total came down 5.3 percent about three months after acceptance. Ask the sponsor's attorney which price schedule applies to the unit you want and whether any contract was signed at the earlier schedule.
Deposit and contract. In sponsor sales a buyer typically pays a 10 percent deposit at contract signing, held in escrow by the sponsor's attorney under Attorney General rules. The procedure-to-purchase section of the plan sets the actual terms.
Effectiveness. A plan generally goes effective when a minimum share of units, commonly 15 percent for new-construction plans, is in contract. At 15 units that is a small number of contracts, so effectiveness can arrive quickly once sales start.
Closing costs. The buyer customarily pays the sponsor's New York State and New York City transfer taxes. New York State's mansion tax applies to purchases of $1 million and above, at 1 percent and rising in steps. Run the contract price through the calculators below.
Temporary certificate of occupancy. Closings on a converted building often occur on a temporary certificate. Read what the plan lists as open at TCO and the amount escrowed.
Common charges, taxes and board control. The plan's budget projects common charges and taxes for the first year. In a 15-unit condominium the sponsor typically controls the board until a majority of units close. Check the tax assumption in the budget.
Abatement. No abatement has been disclosed.
Comparable buildings
- 66 Washington Avenue — four-residence condominium conversion between Flushing and Park Avenues
- 476 Washington Avenue — small new-construction condominium on the avenue
- 555 Washington Avenue (Cathedral Condominiums) — 53-residence prewar condominium
- 516 Classon Avenue — 16-residence condominium in Clinton Hill
- 10 Quincy Street — 46-unit warehouse conversion in Clinton Hill
More Clinton Hill buildings
- 110 Clifton Place — 1922 co-op
- 111 Steuben Street (The Absolute) — 2009 condominium
- 111 Vanderbilt Avenue (Vanderbilt-Wallabout Condominium) — 1991 condominium
- 135 Clinton Avenue — 1900 co-op
- 148 Clinton Avenue — condominium
- 153 Clinton Avenue — 1900 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Clinton Hill.
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.
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