1492 Bedford Avenue
1492 Bedford Avenue, Brooklyn, NY 11216
BBL 3012457501 · BIN 3031807
- Year built
- 1910
- Type
- Condop
- Units
- 24
- Floors
- 4
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1492 Bedford Avenue 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.
This building's history starts with a City disposition. In January 1988 the City of New York conveyed the two tax lots under these three walk-ups to a nonprofit housing development fund company. Over the next three years the sponsor rebuilt them with construction loans from a savings bank and subordinate loans from the Department of Housing Preservation and Development (HPD) and the Housing Trust Fund Corporation, then declared a 24-unit condominium at the end of 1990. The first buyers took title from 1991, with bank first mortgages and $25,000 HPD second mortgages, per ACRIS.
The ownership form matters. This City-assisted rehab was done as a condominium, not an HDFC co-op: each owner holds a deeded unit, not shares in a corporation.
The subsidy layer appears to have run off. HPD recorded releases and related instruments against individual units through the 1990s and 2000s, and apartments have resold on the open market for more than a decade. The building now trades as ordinary condominium property. Buyers should still confirm that no HPD lien, subordinate mortgage or resale condition survives against the specific unit (see What to know if you're buying).
Architecture and unit composition
Each of the three buildings has eight apartments on four floors, two per floor. On the Department of Finance roll, the first floors carry the largest apartments: in each building one first-floor unit runs about 1,520 to 1,570 square feet and the other about 1,100 to 1,170. On the upper floors each building has one apartment of about 1,170 to 1,190 square feet and one of about 780 to 800. The roll's figures are the city's gross measurements. Whether the larger first-floor units include cellar or rear-yard space should be checked against the declaration's floor plans for the specific unit; a 2019 DOB filing for one first-floor apartment at 1496 added cellar space to the scope of a renovation.
The buildings are about 34 feet wide and 80 feet deep, per PLUTO, with no elevator, doorman or garage. There is no commercial space on the Bedford Avenue frontage. The lot is zoned R6A and built to 2.60 FAR against a maximum of 3.0, so there is little unused floor area.
A note on the city's data. PLUTO records one address and one construction year for three buildings. The 1910 date conflicts with the old-law tenement designation DOB applied to 1496 Bedford in 2019. Treat the construction date as approximate. The unit count of 24 is correct.
Building operations
Tax history. The city's J-51 records show a benefit on all 24 units beginning with the 1990/91 tax year: a 90 percent abatement of the rehabilitation cost, plus an exemption first carried at 12 years and later at 14. The exempt amounts ended in 2004 and the abatement pool was used up by 2009. The current roll, 2020/21 through 2026/27, shows no J-51 or 421-a. Apartments pay full Class 2 condominium taxes, apart from personal exemptions some owners hold.
Capital work. DOB records permits for sidewalk sheds and scaffolding at all three buildings in 2022, and a 2025 permit to replace the gas-fired boiler at 1492 Bedford. At four stories the buildings sit below the six-story threshold of the city's façade-inspection program (Local Law 11). No budget, reserve figures or financial statements are on file. Ask the managing agent for the reserve balance, the dates and cost of the 2022 work, the heating arrangement across the three buildings, and any recent or planned assessment. A 24-unit walk-up condominium of this age usually pays for major work through assessments.
Common-charge enforcement. ACRIS shows the board of managers has filed common-charge liens against individual units at intervals since 2004, which is the ordinary collection tool in a condominium. A buyer's title report will pick up any lien open against the unit being purchased.
Recent sales
1492 Bedford trades as prewar walk-up condominium product in Crown Heights, priced per square foot and compared against the elevator condominiums built nearby since 2010 and the neighborhood's prewar co-ops. Its advantages are deeded ownership in a small building, no abatement cliff ahead, and large first-floor apartments. Its disadvantages are four-story walk-ups, no building staff and thin public financial information. The larger first-floor units and the 1,170-square-foot upper-floor lines set the top of the range. Pre-2003 deeds in ACRIS were indexed without consideration, so the resale record is only readable from the mid-2000s. 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 |
|---|---|---|
| Jul 29, 2026 | 3A | $1,495,000 |
| Jul 15, 2022 | 2A | $1,390,000 |
| May 25, 2022 | 3A | $1,375,000 |
| Nov 19, 2019 | 2A | $1,145,000 |
| Jun 21, 2017 | 3A | $1,015,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01245-7501) 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.
Buying here? Co-op closing costs typically run 2 to 3% 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
Clear the original subsidy on your unit. The first sales carried $25,000 HPD subordinate mortgages, and HPD subordinated one unit's lien as late as 2005. Ask your attorney to confirm from the title report that any HPD mortgage on the unit has been satisfied or released and that no resale or occupancy restriction survives.
Confirm which building and floor you are buying. The Department of Finance lists some units under the wrong street number, and the unit letters run A–B, C–D and E–F across the three buildings. Match the unit designation, the tax lot and the building on the contract.
Ask for everything the public record doesn't have. Budget, reserves, the leasing and pet rules, insurance and the 2022 work all have to come from the managing agent.
What to know if you’re selling
Lead with full-tax clarity. There is no abatement to expire. Showing a buyer a stable tax bill is an advantage over abated condominiums nearby.
Get the documents ready early. With no financials in the public record, a buyer's attorney will ask for them first. Having the budget, statements and house rules ready shortens the diligence period.
Price the layout, not just the square footage. The first-floor units and the larger upper-floor lines are a different product from the 780-square-foot apartments. Price each against the right comparables.
Comparable buildings
If you're considering 1492 Bedford Avenue, also evaluate:
- 636 Warren Street — three four-story walk-ups converted to a 24-apartment condominium in 1987; the closest structural match
- 11 Sterling Place — a 36-unit Park Slope condominium created by a City-disposition sponsor in 1986
- 190 Garfield Place — a 1905 Park Slope building converted to a 40-unit condominium in 1987
- 834 Sterling Place — a 54-residence Crown Heights condominium of 2015 nearby, paying full taxes
- 762 Park Place — a 23-residence Crown Heights condominium of 2018 with deeded parking and no 421-a
- 488 Sterling Place — a 25-residence Crown Heights condominium of 2021, also without a 421-a
- 225 Eastern Parkway — a prewar Crown Heights condominium conversion with an expired J-51
- 255 Eastern Parkway (The Woodrow Wilson) — a 1924 Crown Heights building converted to a condominium in 2002
More Crown Heights buildings
- 111 Montgomery Street — 2018 condominium by Karl Fischer Architects
- 1748 Dean Street (1750 Dean Street Condominium) — 2008 condominium
- 225 Eastern Parkway (The Traymore) — 2006 condominium
- 255 Eastern Parkway (The Woodrow Wilson) — condominium
- 475 Sterling Place — 2006 condominium
- 488 Sterling Place — 2021 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Crown Heights.
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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