150 South 1st Street (Bedford Court)
150 South 1st Street, Brooklyn, NY 11211
BBL 3024067501 · BIN 3062961
- Year built
- 2003
- Type
- Condominium
- Units
- 32
- Floors
- 5
- Landmark
- No
- Amenities
- Listing records describe a video intercom, a fitness room, a common roof terrace and garage parking. Confirm what is current with the managing agent
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Bedford Court 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.
Bedford Court is one of the first ground-up condominiums on the Southside. It went up in 2003 at the corner of Bedford Avenue and South 1st Street, and its sponsor closed almost the whole building in a few months: 28 of the 32 apartments conveyed between December 2003 and March 2004, per ACRIS. The sponsor holds no residence today.
The building's value case is simple. It offers elevator condominium apartments on Bedford Avenue, several with parking in the building, in a location where most of the housing stock is walk-up rowhouses and small conversions.
The fact a buyer needs to underwrite now is the tax position. Bedford Court has carried a 25-year 421-a exemption since the 2005/06 tax year, and that benefit began stepping down in 2026/27. Over the next four years each apartment's property tax bill will rise toward the full amount. A buyer comparing Bedford Court with a fully taxed building, or with a newer building still inside its full-benefit years, needs the exact phase-out schedule for the specific unit.
Architecture and unit composition
Bedford Court is a five-story building on a lot of about 13,000 square feet, with roughly 28,300 square feet of residential floor area and 5,400 square feet of commercial space, per PLUTO. Divided by the 32 apartments, that is under 900 gross square feet per residence. Gross figures include halls and common areas, so actual apartment sizes run smaller; confirm each unit's area against the offering plan's Schedule A.
The unit schedule, per ACRIS:
- First floor: three residences, 1A–1C, beside the two commercial units on Bedford Avenue.
- Second and third floors: ten and nine residences, lettered A through K.
- Fourth floor: ten residences, four of which (4D, 4E, 4F and 4H) carry a "DT" suffix in the unit legals. The suffix and the building's five-story DOB filing are consistent with top-floor duplex units with terrace space; confirm layout against the floor plans before relying on it.
The parking units are separately deeded condominium units. Several were sold by the sponsor bundled with an apartment on the same deed. Today twelve are held by individual owners, seven by a parking operator and three by the condominium itself, per ACRIS. A listing that includes a space is selling two conveyances.
Building operations
The records reviewed do not document staffing, common charges or reserves; request them from the managing agent. At five stories, Bedford Court sits below the six-story threshold for New York City's periodic façade inspection program (FISP, also called Local Law 11). DOB and ECB records show no façade or structural violations against the building. The only open item in ECB records is a 2012 violation for an expired sidewalk-fence permit, which a buyer's attorney should confirm has been cleared.
The tax position
The Department of Finance records a 421-a exemption (DOF code 5114), 25-year term, with 2005/06 as the first benefit year and 2002 as the base year, on every residential, commercial and parking unit. The 421-a exempts the increase in assessed value created by new construction, so the owner pays tax only on the pre-construction base during the full-benefit years.
The schedule, read from the exemption rolls:
- 2005/06 through 2025/26: full exemption on the increase in assessed value.
- 2026/27: the exemption on the current roll is exactly 80 percent of the prior year's, the first phase-down step.
- 2027/28 through 2029/30: under the program's standard 25-year schedule, 60, 40 and 20 percent.
- 2030/31: fully taxed.
The later steps are the program's scheduled phase-down, not yet on a published roll. Buyers should get the current tax bill and the unit's exemption detail from the Department of Finance, and model the carrying cost at full taxes for any hold longer than four years.
Recent sales
Bedford Court trades as early-2000s Southside new construction, priced in dollars per square foot against Williamsburg's elevator-condominium resale market. Buyers weigh three things here: the Bedford Avenue corner location, the availability of deeded parking in the building, and the 421-a phase-out, which raises carrying costs every year until 2030/31 and should be priced into any comparison with fully taxed stock. Index market statements to 2025, the last complete year. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|
| Dec 5, 2025 | 2K | $1,325,000 |
| Sep 14, 2015 | 4K | $1,100,000 |
| Mar 18, 2004 | 2HD | $580,300.67 |
| May 10, 2004 | 4EDT | $743,220.68 |
| Mar 17, 2004 | 4HDT | $651,578.17 |
| Apr 16, 2004 | PSU4 | $743,220.67 |
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 3-02406-7501) 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? Condo closing costs with a mortgage typically run 3 to 6% 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
Model taxes at the full amount. The abatement is already stepping down. Ask for the current tax bill and project each remaining year to 2030/31.
Confirm the parking deed. If a space is included, it is a separate unit with its own tax lot, taxes and common charges. Make sure the contract and title report cover both lots.
Get the condominium documents early. No offering plan or financial statements were available for this review. Request the budget, the most recent audited statements, the bylaws and house rules, and the board's resale procedure (usually a right of first refusal) from the managing agent.
Check the commercial units. The two Bedford Avenue commercial units are part of the condominium. Ask how their common-charge share and use restrictions are set in the declaration.
What to know if you’re selling
Get ahead of the tax question. A buyer's lender and attorney will find the phase-out. Present the current bill and the schedule to 2030/31 yourself so it does not reopen price late in the deal.
Sell parking with the apartment where you can. If you own a deeded space, offering it with the apartment gives buyers something most comparable Southside listings cannot, and it avoids a separate small sale later.
Comparable buildings
If you're considering 150 South 1st Street, also evaluate:
- 242 South 1st Street (Lofts1) — a 23-residence loft conversion on the same street, fully taxed
- 46 South 2nd Street — a 23-residence 2011 new-construction condominium a few blocks west
- 80 Roebling Street — a 36-residence 2006 Southside new building
- 34 South 9th Street — a 21-residence 2015 Southside condominium
- 26 Broadway — a 32-residence 2006 condominium at the south edge of the Southside
- 14 Hope Street — a 23-residence 2008 condominium off Grand Street
- 24 Dunham Place — a 14-residence 2006 condominium nearby
- 338 Berry Street (The Williamsberry) — a larger Southside loft conversion
More Williamsburg buildings
- 147 Hope Street — 2017 condominium
- 15 Lynch Street — 2005 condominium
- 150 North 5th Street (The Rialto) — 1910 condominium
- 161 North 4th Street (nforth) — 2007 condominium by Karl Fischer Architects
- 165 North 10th Street (The Decora) — 2008 condominium
- 170 Broadway, Brooklyn (The Broadway Arms Condominium) — 2002 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
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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