130 Jackson Street (Jackson Foundry Lofts)

The condominium is two buildings with different stacks. Per the Department of Finance roll:

• Jackson Street building, 16 apartments. Five on the first floor (1A–1E), four each on the second and third (A–D), and three on the fourth (4A, 4C and 4D). The first-floor apartments are the largest, at about 1,045 to 1,663 square feet. The second and third floors mix apartments of about 724 to 803 square feet with others of about 1,085 to 1,092. The fourth floor runs from about 728 to 1,334.
• Manhattan Avenue building, five apartments. Two on the first floor (1F and 1G), one each on the second and third (2F and 3F, about 672 square feet), and 4G on top at about 1,481 square feet, the largest apartment in that building.

The roll figures are gross areas. For a conversion, layouts follow the old structure, so read the floor plan for column positions, window exposures and any below-grade space before comparing apartments of similar size.

The house rules add a few conditions that matter for renovation and furnishing. At least 75 percent of each apartment's floor area outside kitchens, bathrooms, closets and foyers must be covered with rugs or equivalent sound-reducing material unless the board agrees otherwise. Window treatments must have beige backing on the side facing the glass. Barbecuing is barred in the apartments, on terraces and on the roof deck except in areas the board designates. Noisy work is limited to weekdays from 8 a.m. to 5 p.m.

The exemption has ended; check any remaining abatement. The exemption roll carries code 1920, the J-51 program, on every apartment. The benefit started in 2011/12 on a 14-year term. The two buildings carry different base years and eligible percentages: the Jackson Street apartments show a 2006 base year and 93 percent eligibility, the Manhattan Avenue apartments a 2007 base year and 86 percent. The exemption was stepping down by 2020/21 and is zero on the 2025/26 roll. J-51 also has an abatement component, a credit against the tax bill based on the certified cost of the work. The city's historical J-51 file shows one on these lots beginning in 2009/10 and 2010/11, but that file ends in 2018. Whether any abatement remains is not in the open data. Check the current bill.

At 2026/27 taxable assessments and a Class 2 rate of about 12.5 percent, our estimate from the roll, before any remaining abatement, is:

• about $5,600 to $6,900 a year for the Jackson Street apartments of roughly 725 to 800 square feet
• about $8,400 to $9,200 for the Jackson Street apartments of roughly 1,090 square feet
• about $11,300 to $14,200 for the Jackson Street first-floor apartments
• about $6,700 to $13,900 for the Jackson Street fourth floor
• about $10,300 to $20,200 for the Manhattan Avenue apartments on floors one to three, and roughly $30,000 for 4G

The Manhattan Avenue apartments assess well above Jackson Street apartments of similar size. These are estimates, not bills.

Leasing and moves are managed closely. Per the leasing requirements on file, a lease goes to the board with a sublet application, a request to waive the right of first refusal and a credit check. The tenant pays a $250 application fee, a $250 move-in fee and a $500 refundable move-in deposit, and the owner pays matching move-out charges when vacating. Moves run 9 a.m. to 5 p.m. on weekdays with a week's notice. Renters must carry insurance and show proof each year. A lease rider bars short-term and transient rentals and allows the board to collect rent directly if an owner falls behind on common charges.

Recent capital filings are small. A façade repair permit was issued in 2013, and in 2025 the condominium took a permit under the city's Limited Drainage System Repair Program to install an ejector pump and backwater valve. Local Law 11 façade inspections apply only to buildings taller than six stories, so these four-story buildings are outside the program. Budgets, reserves and common charges should come from the managing agent. No audited financial statements are on file.

Recent sales

Recent closings 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. Most recent trades (2025) cleared a median $1,156/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 0.0% from the last ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02749-7501; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.

Know which building the apartment is in. The condominium is one regime, but the Manhattan Avenue apartments assess well above comparable Jackson Street apartments. Price the tax difference.

Underwrite the full tax bill. The J-51 exemption has ended. Ask the seller for the current bill to confirm whether any abatement credit remains.

Read the plan against the layout. Converted buildings produce irregular apartments. Compare apartments on floor plans, not on roll square footage.

Expect a board review. Leases require board approval and a waiver of the right of first refusal, and the application acknowledgment on file also refers to a sales application and a possible interview. Confirm the purchase process with the managing agent and build it into the timeline.

Lead with the conversion. Most condominium supply on these blocks is new construction. The converted structure and the corner position are this building's difference. Show the floor plan and the building's history.

Price against post-exemption comparables. The most useful comparables are sales from 2025/26 onward, in the same building and of similar layout.

Have the leasing rules ready. Investor buyers will ask. The approval process, fees and the ban on short-term rentals are all documented.

• 135 Jackson Street (The Jacksonia): seven new four-story buildings across Jackson Street, from the same years, with an expired 15-year 421-a
• 710 Metropolitan Avenue: a Williamsburg factory conversion with a four-story addition, carrying no exemption
• 55 Berry Street (Berry Street Lofts): a Northside manufacturing-building conversion whose J-51 has burned off
• 85 North 3rd Street (The Mill Building): a 1910 lithography loft converted to condominiums under J-51
• 242 South 1st Street: a 23-residence loft conversion of a 1911 manufacturing building, fully taxed
• 150 North 5th Street (The Rialto): a furniture-factory conversion whose 421-a has just expired
• 136 Powers Street: a 20-residence 2007 walk-up condominium on Manhattan Avenue, with a 25-year 421-a still running
• 275 Manhattan Avenue: a 14-residence condominium in two four-story buildings a few blocks south