166 State Street

The building fills its 25-foot lot to a depth of 87 feet across five stories, with the plan discipline a narrow lot forces: a single stair core, front apartments to State Street, rear apartments to the block interior toward Atlantic Avenue.

Recorded cooperative documents show apartments numbered 1 through 19 with a 14A among them. If 14A is in addition to 14, that is twenty apartments, matching the Department of Finance count; if it stands in for a skipped 13, it is nineteen. The share ledger settles which — a diligence item rather than a problem. The 1987 alteration year does not identify the work or establish cooperative-conversion timing; review the underlying permits and offering records separately.

The record describes twenty apartments and a five-story walk-up; staffing and amenities beyond that classification remain unverified in this profile. Compare actual maintenance, assessments, debt and services with identified alternatives rather than inferring low costs.

Review capital needs alongside operating costs. The documented five-story building is below FISP/Local Law 11’s higher-than-six-story threshold; historic-district membership does not change that threshold. Review ordinary façade safety and repair needs and the applicable share allocations. Ask for three years of financial statements, the current budget, the assessment history, and board minutes and engineering reports covering façade condition and work. Management at this scale is frequently self-administered or handled by a small local firm; we do not name an agent that is not publicly documented.

Exterior work: Window and façade alterations generally require LPC approval; specified routine maintenance is exempt. Permit route depends on scope, with qualifying work handled by staff and other proposals requiring a Commission-reviewed Certificate of Appropriateness.

Rebuild rights: Recorded gross floor area works out to a FAR of 5.31 against 2.43 permitted in a simple comparison, which does not by itself establish legal zoning floor area or non-compliance. If the building is non-complying, that affects insurance and casualty analysis rather than daily ownership, and is worth a question to the co-op's broker.

Pets, subletting, pied-à-terre, washer/dryer, financing minimums, and any flip tax: Not documented in the materials reviewed. Obtain the operative proprietary lease, bylaws, house rules and authorized current policies. Current board practice alone does not establish authority to override the governing documents.

Recent sales

Recent transfers 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.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00276-0028). 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.

Inspect the walk-up access. Confirm the actual stair route to the apartment and compare dated sales and carrying costs; five stories do not mean every home requires five flights or establish a fixed resale or maintenance effect.

Confirm the conversion paperwork. The offering plan, the sponsor's identity and any remaining unsold shares are unsettled in the public record here.

Understand the edge location. You are four doors inside the district line, with Downtown Brooklyn and Boerum Hill immediately east — a location to evaluate for transit access; any discount to Promenade-adjacent apartments requires dated, matched sales.

Ask about façade condition and planned work. FISP is not triggered by the documented five-story height. Obtain engineering reports, cost estimates and the capital plan before ranking façade work against other expenses.

Lead with the transit case. Borough Hall, Court Street and Hoyt-Schermerhorn within minutes reaches a buyer pool the Promenade blocks price out.

Sell the historic-district line. The 1965 boundary runs down State Street and takes this building in. Unlandmarked stock across Court Street competes at this price point; state the designation in the listing.

Present the actual dimensions and light. The roughly 630-square-foot figure is a gross building-area-per-unit ratio, not an apartment measurement. Use an accurate floor plan and photographs showing daylight, ceiling height and condition.

Have the financial package ready. Provide current statements, budget, assessments and capital plans to support buyer and lender review; those records do not guarantee shorter timelines.

If you're considering 166 State Street, also evaluate:

• 60 State Street — small State Street condominium at the district's western end; same street, different product
• 199 State Street (The Lookout Hill Condominium) — State Street continued east of Court, outside the district; the honest cross-boundary comparable
• 99 Clinton Street — small Clinton Street co-op two blocks north
• 130 Clinton Street — prewar Clinton Street co-op in the district's southern half
• 151 Joralemon Street — moderate-scale co-op on the Joralemon corridor
• 96 Schermerhorn Street (Boerum Court) — the district's southeastern-edge alternative, at larger scale
• 11 Schermerhorn Street — co-op near the Hoyt-Schermerhorn transit hub
• 56 Court Street — Court Street corridor condominium a block east
• 65 Atlantic Avenue — the district's other southern-boundary walk-up co-op, at 1849 vintage