145 President Street

Seven stories, seventy-five feet, construction classification 1-B, R-2 occupancy, on an 8,514-square-foot lot in an R6A district. The tax roll records about 32,700 square feet of building area — roughly 29,900 residential and 2,750 commercial. The residential stack is legible from the certificate of occupancy: three units on each of floors two through six, two penthouse units on the seventh with private roof terraces, and a private roof terrace attached at the second floor. Deeded unit designations run 2A through 6C plus PH North and PH South.

The garden-level apartments on the second floor are worth singling out. The public land records identify two of them as garden units, and the certificate of occupancy attaches a private roof terrace at that level — outdoor space at the bottom of the building rather than only at the top, which is uncommon at this scale and is a genuine alternative for buyers who would otherwise be looking at row-house parlour floors.

Parking is sixteen spaces at the ground floor, held as separate condominium units and conveyed accordingly. As of the 2020 accounting, thirteen of them had closed and three remained with the sponsor. What conveys with a given apartment should be confirmed on the deed, not assumed from the listing.

Because the property is outside the Carroll Gardens Historic District, exterior work here proceeds through the Department of Buildings alone. The district's boundaries stop five blocks east, and nothing about this address requires Landmarks review.

A seventeen-unit condominium is a small operating entity with an amenity load sized for a much larger one — a fitness room, an art room, a public roof terrace, three bicycle rooms, a parking garage and a community-facility neighbour at the ground floor. Review how the declaration and current budget allocate costs among the 17 residential units, 16 parking units and community-facility unit, including any expense-specific allocations. The residential count alone is not the denominator for every maintenance obligation.

The condominium's Department of Housing Preservation and Development registration names Sequoia Property Management as managing agent for the current cycle; the eleventh amendment recorded FirstService Residential in that role in 2020.

Request three years of financial statements, the current budget and per-unit common charge, the reserve balance, the minutes covering any assessment, the current certificate of occupancy, and the status of the sponsor's remaining units. For this building, inspect the roof and the two roof-terrace assemblies, the garage slab and its drainage, the elevator, the sprinkler and fire-alarm systems, and any water history at the terrace-to-apartment transitions; obtain inspection and repair records rather than inferring a failure pattern from building type.

The easements deserve their own question. The zoning lot comprises multiple tax lots; a parking access easement runs between this lot and an adjoining one; a light and air easement is recorded; and the permanent certificate of occupancy was tied to the neighbouring Union Street properties. Your attorney should read all of them rather than accept a summary.

Transfers: Condominium. Sales run through the board of managers' waiver of a right of first refusal rather than a board approval process. Confirm the current waiver procedure and turnaround time.

Sponsor control and board composition: Under the plan the sponsor retained control of the board until the earlier of the sale of 100 percent of the residential units or five years from the first unit closing. The first closing was June 6, 2019, so that period has run. Confirm the current board composition and whether the transition to unit-owner control is complete.

Leasing: The sponsor was renting its unsold residential units as of 2020. Ask for the current rental policy, including any minimum lease term or cap on rented units, and how many units are currently tenant-occupied.

Parking: Sixteen separately deeded parking units. Confirm what conveys with the specific apartment.

Common charges: Note the abatement history above. The stabilized charge is the current charge, not the sell-out charge.

Pets, move-in fees, alteration rules: Not documented in the amendments reviewed. Request the current house rules.

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 $1,648/sf (floor-adjusted) across 4 sales. 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 0.8% 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 3-00343-7501; 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.

Ignore any common-charge figure from 2019 to 2021. The sponsor was subsidizing roughly a third of the building's common charges under an abatement that ran out in 2022. Get the current budget and the current per-unit charge.

Ask for the current certificate of occupancy. The building was on a temporary certificate as of the last amendment reviewed, with an escrow held and a dependency on the neighbouring Union Street properties.

Have your attorney read the easements. Light and air, parking access, and a multi-lot zoning lot. This is not a single-lot building and the paperwork reflects it.

Ask how many units the sponsor still holds and whether they are rented. As of 2020 it held five residential units, three parking units and the community facility. Both the board and your lender care about the answer.

Stand at the Hicks Street corner. The western edge of Carroll Gardens is the expressway corridor. It is the address's defining condition and it should be your own judgment, not anyone else's.

Lead with the amenity load against the unit count. Seventeen apartments with a fitness room, an art room, bicycle storage, parking and a public roof terrace is an unusual combination in a Carroll Gardens boutique building.

Name the architect. SLCE Architects is the building's architect of record, and the firm's certification is in the plan's own record. That is a documented credential.

Present the common charge and the real estate tax together. Buyers coming from the neighborhood's cooperatives will misread the monthly otherwise.

Sell the outdoor space specifically. Private terraces at the second floor and on both penthouses, plus a public roof terrace for the whole building. In this neighborhood that competes with a house.

Have the condominium package ready. Financials, current budget, reserve balance, house rules, rental policy, the waiver procedure, the certificate of occupancy, the parking deed if one conveys, and the alteration approvals for work done.

If you're considering 145 President Street, also evaluate:

• 291 Union Street (Sackett Union) — the neighborhood's larger new-construction condominium, with parking and rooftop space; the closest direct peer
• 345 Carroll Street — 32-unit condominium at the neighborhood's eastern edge, with parking and storage sold separately
• 344 Degraw Street — the previous generation of the same product, with balconies
• 501 Hicks Street — 34-unit Cobble Hill condominium further north on the same street
• 401 Hicks Street (The Arches at Cobble Hill) — Cobble Hill condominium with parking
• 450 Clinton Street — the Old Westminster Church cooperative on the First Place garden block; the co-op comparison
• 358 Court Street — the South Congregational Church complex; the church conversion in condominium form
• 505 Court Street (Court Street Lofts) — the neighborhood's loft alternative
• 58 Strong Place (The Landmark at Strong) — Cobble Hill church conversion; the boutique-scale comparison