145 Park Place (Park Place Condominiums)
145 Park Place, Brooklyn, NY 11217
BBL 3009397502 · BIN 3018945
- Year built
- 1925
- Type
- Condop
- Units
- 47
- Floors
- 8
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Park Place Condominiums 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.
Few Park Slope condominiums have a site history like this one. The lot at Flatbush Avenue and Seventh Avenue held the Carlton Theatre. According to published theater history, a small 1911 house was replaced by a larger movie palace that opened in February 1926, designed by Harrison G. Wiseman with a second architect, and topped by a rooftop open-air theater. After the theater closed in the early 1980s, the Brooklyn Tabernacle made the Carlton its first theater-turned-church. The congregation later moved downtown, and ACRIS records its 2003 sale of the Park Place lot to the development entity. Theater histories record the auditorium's demolition in 2004.
The permits tell a slightly different story, and it matters for reading city data. Anderson filed the project with DOB as an alteration and enlargement of the existing building. The filings cover reinforcing existing foundations and walls and enlarging the building to eight stories and 47 apartments. That filing route is why PLUTO still dates the building to 1925, and it may also explain the J-51 eligibility (J-51 is a city tax benefit for converting or rehabilitating existing buildings). How much of the 1920s structure actually remains below the new building isn't documented.
The massing makes sense once you see where the building sits. On Park Place it lines up with the historic-district row houses at five stories and steps back above. On Flatbush it presents a full glass front. ACRIS also records a 2003 development-rights agreement with the owner of the adjacent Flatbush Avenue lots, and that transfer helped shape the bulk.
Architecture and unit composition
The 47 apartments run from the first floor to the eighth. Plans are widest on the lower floors and narrow into the setback floors above: eight units on floor 2, seven on floors 3 through 5, and four each on floors 6 through 8. The upper setbacks create terraces, and the Flatbush-facing lines sit behind the glass window wall. Unit 4G was confirmed as a three-bedroom in a 2009 plan amendment that corrected earlier floor-plan legends. Anyone relying on old floor plans should check bedroom counts against the latest amendment.
The garage holds 27 deeded parking-space units, taxed as commercial class 4. Two ground-floor commercial units face Flatbush Avenue. The sponsor conveyed one residential unit to the board of managers in 2008, and the condominium still holds it.
Building operations
The sponsor sold out its residential inventory by December 2009, per ACRIS, so there is no sponsor bloc left and no sponsor-controlled board seat. The building is resident-governed.
Taxes. The most important carrying-cost fact is the end of the J-51 benefit. In its first full year (2009–10), per the offering plan amendments, estimated taxes on each unit were almost nothing. The benefit then phased down in the usual J-51 pattern, as Department of Finance rolls show: exempt value fell in equal annual steps from the 2021 roll to the 2023 roll and reached zero on the 2024 roll. Anyone comparing current carrying costs with a listing or owner history from before 2024 is comparing against a tax bill that no longer exists.
Past water intrusion. A 2009 plan amendment disclosed, and the sponsor's contractor certified as repaired, a leak at an eighth-floor parapet joint in the window-wall system that affected a vertical stack of units. It was a sponsor-era issue and was fixed. Buyers of units on that elevation should still ask about any later window-wall maintenance.
Recent sales
145 Park Place trades as a mid-2000s new-construction condominium with parking, which is rare in the North Slope. Its closest competition is new development along the Flatbush and Grand Army Plaza corridor, not the co-op buildings around it. Prices vary by line more than by floor: setback terraces, the Flatbush-facing window-wall lines and three-bedroom plans carry the premium. Deeded parking adds separate value that buyers price on its own.
Pricing is judged per square foot. The key adjustment is carrying cost. Since the 2024 roll, monthly costs reflect full real estate taxes, and they should be compared with other unabated buildings, not with the building's own earlier sales. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|
| Apr 28, 2026 | PK-16 | $1,900,000 |
| Apr 27, 2026 | 2H | $1,173,024 |
| Feb 27, 2026 | 4B | $1,400,000 |
| Aug 5, 2025 | 5E | $1,575,000 |
| Jan 15, 2025 | PK-21 | $3,225,000 |
| May 31, 2024 | 1F | $570,000 |
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 3-00939-7502) 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.
At the recent median sale of $1.57M (5 transfers since 2024), a buyer putting 25% down would pay about $30,206 to close, or 1.9% of the price.
- Mansion tax: $15,750
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,456
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Underwrite full taxes. The J-51 benefit is gone. Get the current tax bill for the specific unit and ignore any older estimate.
Confirm the unit count you're paying common charges against. There are 47 residential units, 2 commercial units and 27 parking units. Ask how the budget splits expenses between them.
Parking is a separate deed. If you need a space, confirm whether it comes with the apartment or has to be bought separately.
Check the window wall. Ask the managing agent for the maintenance history of the Flatbush-side window wall and the upper-floor parapets.
What to know if you’re selling
Lead with the product type. Elevator, courtyard, roof terrace, deeded parking and condominium ownership next to Grand Army Plaza is a rare combination in the North Slope.
Get ahead of the tax question. Buyers who compare against older sales will notice the tax change. Present the current bill up front and set the price against other unabated condominiums.
Tell the site story. The Carlton Theatre and Brooklyn Tabernacle history is documented and memorable, and no other building on the block has it.
Comparable buildings
If you're considering 145 Park Place, also evaluate:
- 1 Grand Army Plaza (Richard Meier on Prospect Park): the new-construction condominium at the head of the same Flatbush corridor
- 1 Prospect Park West: condominium conversion of a 1920s institution across Grand Army Plaza
- Butler Plaza (44 Butler Place): gut-renovated 1925 building converted to a condominium in Prospect Heights
- 58 Saint Marks Place: ground-up Park Slope condominium on a former institutional site
- Newswalk (700 Pacific Street): loft-conversion condominium with parking at the north end of Prospect Heights
- 550 Vanderbilt Avenue: newer Prospect Heights condominium, the amenity-building alternative
- Timber House (670 Union Street): contemporary Park Slope condominium near Fourth Avenue
- 39 Plaza Street West: prewar co-op at Grand Army Plaza; the lower-price alternative with board approval
More Park Slope buildings
- 125 Prospect Park West — 1916 co-op
- 130 Eighth Avenue (814 Carroll Street) — 1950 co-op
- 140 8th Avenue, 140 Eighth Avenue — 1936 co-op
- 153 Lincoln Place — 1886 condominium
- 155 15th Street (Harbor Hill) — 2011 condominium
- 1638 Eighth Avenue (Prospect Park Terrace) — 2010 condominium by Karl Fischer Architects
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Park Slope.
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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