16 Monroe Place
16 Monroe Place, Brooklyn, NY 11201
Brooklyn Heights, Brooklyn
BBL 3002387501 · BIN 3001930
- Year built
- 1900
- Type
- Condominium
- Landmark
- Landmark or historic district
Every recorded sale at this building, 2022–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2024
- $1,437
- 1 sale
- Listing discount
- -0.9%
- Recorded sales
- 9
- On record
- 2022–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 16 Monroe Place 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.
16 Monroe Place is a nine-residence condominium in a 25-foot-wide, five-story building on Monroe Place, inside the Brooklyn Heights Historic District. The sponsor entity bought the building in May 2022 for $7.85 million, per the recorded deed, combined two of its ten rental apartments, and sold all nine condominiums between August 2023 and February 2024 for $12.84 million in recorded deed amounts.
Brooklyn Heights housing is mostly cooperative, and nine-unit condominium conversions are uncommon there. The deeds give a clean read on what renovated condominium apartments in a Heights walk-up traded for in 2023: about $1.25 million to $1.3 million for most homes, and about $1.95 million for the two largest.
The building is sold out. Any purchase now is a resale from an individual owner.
Architecture and residences
The building was a ten-apartment rental before the conversion; Department of Buildings records show individual apartment renovations under a previous owner in 2017 and 2018. Palette Architecture filed the conversion work in June 2022: an interior renovation that combined two existing apartments, with no change to egress, zoning or the certificate of occupancy. The Department of Buildings signed it off in June 2023. A condominium tax-lot subdivision creating nine residential lots was approved in September 2022.
PLUTO records about 8,830 gross square feet on a 2,500-square-foot lot, or about 980 gross square feet per residence. Before the conversion, the Department of Finance carried the building as a ten-apartment walk-up with alterations in 2016 to 2018. The sponsor marketed a townhouse duplex, a rear garden duplex and two-bedroom apartments on the floors above. Residence 2 was listed as a three-bedroom, two-bath home of about 1,696 square feet, and Residence 5 as a two-bedroom, one-bath home of about 841 square feet.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD220244), the plan was submitted November 16, 2022 and accepted May 2, 2023, with 16 Monroe Place Realty Co LLC as sponsor and nine residential units. The database shows a current total offering price of $13,045,000 and no separate price on acceptance, or about $1.45 million per residence. It does not record an effective date, and it counts two units sold; ACRIS shows all nine deeded, so the database has not been updated. The amendments were not reviewed for this page; the Attorney General's plan-detail page returned no data when checked in October 2026.
Recorded sales
ACRIS shows nine sponsor deeds:
- Residence 7: $1,286,634, deed dated August 29, 2023
- Residence 5: $1,272,813, deed dated August 29, 2023
- Residence 10: $1,275,000, deed dated September 12, 2023
- Residence 9: $1,300,000, recorded September 2023 (the deed's document date reads August 30, 2022, likely a clerical error)
- Residence 2: $1,958,040, deed dated September 18, 2023
- Residence 6: $1,250,000, deed dated October 5, 2023
- Residence 8: $1,282,995, deed dated October 11, 2023
- Residence 4: $1,264,406, deed dated November 1, 2023
- Residence 1: $1,950,000, deed dated February 12, 2024
Two of the amounts are round numbers grossed up for transfer taxes: Residence 5 is $1,250,000 at 1.825% and Residence 7 is $1,275,000 at 0.9125% (our arithmetic). The sponsor's listing shows Residence 5 closing at $1,250,000, matching that reading. Residence 2 was listed at $1,920,000 and shown closing at that price, about 2% below its $1,958,040 deed amount; a 1.825% gross-up would give $1,955,040, so the record does not fully explain the difference. At the listed sizes, Residence 2 sold for about $1,130 a square foot and Residence 5 for about $1,490 (our arithmetic). The nine deeds total $12,839,888, about 98% of the offering. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Feb 12, 2024 | 1 | 3 BR · 3 BA · 1,357 sf | $1,950,000 | $1,437/sf | -2.3% |
| Nov 1, 2023 | 4 | 2 BR · 1 BA · 813 sf | $1,264,406 | $1,555/sf | +3.2% |
| Oct 11, 2023 | 8 | 2 BR · 1 BA · 813 sf | $1,282,995 | $1,578/sf | +1.8% |
| Oct 5, 2023 | 6 | 2 BR · 1 BA · 813 sf | $1,250,000 | $1,538/sf | +0.0% |
| Sep 18, 2023 | 2 | 1 BR · 2 BA · 1,696 sf | $1,958,040 | $1,155/sf | +3.3% |
| Sep 12, 2023 | 10 | 2 BR · 1 BA · 813 sf | $1,275,000 | $1,568/sf | +0.0% |
| Aug 29, 2023 | 7 | 2 BR · 1 BA · 841 sf | $1,286,634 | $1,530/sf | +0.9% |
| Aug 29, 2023 | 5 | 2 BR · 1 BA · 841 sf | $1,272,812 | $1,513/sf | +1.8% |
Market read. Most recent trades (2024) cleared a median $1,437/sf (recorded) across 1 sale. Median listing discount -0.9% over ask.
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 3-00238-7501; 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.
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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
Resales only. Every home is deeded, and ACRIS shows no resale deed through October 2026. Compare any ask with the 2023 and 2024 sponsor deeds.
Landmark rules. Exterior work, windows and roof additions require Landmarks Preservation Commission approval.
An old building, renovated inside. The conversion was an interior renovation. Ask what has been done to the roof, façade, boiler and risers, and what the reserve covers.
Carrying costs. At the 2023 sponsor sale, Residence 5 carried common charges of $627 a month and taxes of $9,744 a year, and Residence 2 carried $1,258 a month and $19,536 a year, per the sponsor's listings. Confirm current figures with the managing agent.
Comparable buildings
- 118 Remsen Street — circa-1900 Heights building converted to four condominiums, sold out in 2025
- 151 State Street — 1879 historic-district house converted to four condominiums, sold out in 2026
- 36 Remsen Street — 1860 house converted to four condominiums, plan effective June 2024
- 103 Joralemon Street — 1899 historic-district building converting from five apartments to four condominiums
- 22 Monroe Place — twelve-story 1927 cooperative on the same street
- 21 Monroe Place — ten-unit cooperative on the same street
More Brooklyn Heights buildings
- 153 Henry Street — 1928 co-op
- 155 Hicks Street — 1830 co-op
- 159 Remsen Street — 1930 co-op
- 160 Columbia Heights — 1937 co-op
- 160 Henry Street — 1923 co-op
- 161 Henry Street — 1905 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Brooklyn 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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646.939.7375 · c.cohen@compass.com