1492 Bedford Avenue

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.

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 exemption. Abatements apply at the bill level, so check each apartment's tax bill; some owners also hold personal exemptions.

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

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 (2026 to date) cleared a median $1,278/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 -2.8% over ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01245-7501; 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.

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.

Lead with full-tax clarity. There is no abatement to expire, though taxes still change with assessments and rates, and common charges and assessments can change too.

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.

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