170 Broadway, Brooklyn (The Broadway Arms Condominium)
170 Broadway, Brooklyn, NY 11211
BBL 3021327503 · BIN 3378334
- Year built
- 2002
- Type
- Condominium
- Units
- 12
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 170 Broadway, Brooklyn (The Broadway Arms Condominium) 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.
The tax schedule is the headline. This building carries a 25-year 421-a exemption, and the benefit is now in its phase-out. The city's exemption records show the full benefit through 2025/26 and 80% for 2026/27. If the standard 20-point annual steps hold, the benefit reaches 60% in 2027/28, 40% in 2028/29 and 20% in 2029/30, and apartments pay full taxes from 2030/31. Those later steps are a projection from the plan; each year's actual figure comes from the Department of Finance. A buyer here is buying four years of scheduled tax increases.
The second fact is scale: eleven homes on six floors. Each sale moves pricing, and one owner's arrears affects everyone's budget.
The third is what the Sponsor kept. The original plan did not offer the community facility unit or the parking. The Sponsor still owns the cellar community facility unit, which Department of Buildings records show fitted out as medical offices, and one parking space. Every apartment went to an individual buyer in the fall of 2004, and they have traded among unrelated owners since.
Architecture and unit composition
The building is a six-story mid-block building with a cellar, built by the same sponsor as the seven-story rental at 158 Broadway next door. The two cellars connect: cars reach 170 Broadway's parking by a ramp through 158's cellar, under an easement the plan required the Sponsor to record.
The apartments run in A and B lines, two per floor from the first through the sixth. The plan assigns balconies and portions of the roof to certain units as limited common elements and bars planters on them. One passenger elevator runs from the cellar to the sixth floor, per the plan's building description.
Apartments 1B and 2B were combined into a single first- and second-floor duplex under Department of Buildings alteration 321370841, filed in 2016 and signed off.
Building operations
The 421-a schedule. The plan describes a benefit of 100% for 21 years on the increase in assessed value, then 20-point annual reductions, for 25 years in all. The Department of Finance records match that shape. This is an older 25-year benefit, not the 421-a(16) homeownership program. Get the specific unit's current bill and model the next four years' increases.
Sponsor litigation, settled. Per the audited statements on file, the condominium sued the Sponsor in 2009 over system and construction deficiencies and settled in January 2012 for $340,000. The money sits in a reserve drawn down as defects are fixed; the statements say it was not known whether it would cover all the work.
Capital and assessments. The board levied a $400,000 special assessment in the year ended June 30, 2020, for façade repairs (Department of Buildings job 321972914). Those statements, now six years old, showed expenses above common-charge revenue in both years covered and no reserve study. Ask for the current budget, the latest audited statements, the settlement reserve balance and any assessment still being collected.
Recent sales
170 Broadway trades as small 2000s new construction on the South Side. Price it by the square foot against the other abated condominiums built around the Williamsburg Bridge in the same decade. Discount it for the tax increases still to come and for a building with no staff. The duplex and upper floors with outdoor space sit at the top of the range. Eleven homes produce a sale or two in a typical year, so one print can move the picture. 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 |
|---|---|---|
| Jan 26, 2026 | 4B | $1,099,000 |
| Oct 29, 2025 | 1B | $2,180,000 |
| May 28, 2024 | 6A | $1,032,500 |
| Mar 15, 2023 | 4A | $1,100,000 |
| Oct 26, 2022 | 2A | $999,999 |
| Oct 13, 2022 | 3A | $1,100,000 |
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 3-02132-7503) 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 the tax step-up. Carry each year of the phase-out from 2026/27 to 2030/31 in the budget, not just the current bill.
Read the settlement file. Ask what the 2012 settlement money has paid for, what is left, and whether any listed defect is still open.
Ask about the façade and any open assessment. Confirm whether the 2019–2020 façade work is complete and whether any charge from it is still being collected.
Understand the cellar. Ask how the medical-office unit and the parking spaces share building costs. The right of first refusal does not reach their sales or leases.
What to know if you’re selling
Put the tax schedule in front of the buyer. A buyer who finds the phase-out late will reprice.
Have the right-of-first-refusal waiver planned. The board has 45 days to respond. Build that into the contract timeline.
Lead with the unit. Outdoor space, the duplex and upper-floor light are what separate one apartment here from the next.
Comparable buildings
If you're considering 170 Broadway, also evaluate:
- 138 Broadway — the 1884 loft conversion on the same block, with its J-51 already expired
- 34 South 9th Street — ground-up South Side new construction with enclosed parking
- 42 Broadway — Broadway new construction with a ground-floor commercial unit
- Bridgeview Towers (26 Broadway) — abated 2000s construction near the bridge, with a garage
- 150 South 1st Street — elevator new construction with commercial space and parking
- 46 South 2nd Street — ground-up South Side condominium with deeded parking
- 98 Havemeyer Street — small-scale South Side new construction, walk-up format
More Williamsburg buildings
- 150 South 1st Street (Bedford Court) — 2003 condominium
- 161 North 4th Street (nforth) — 2007 condominium by Karl Fischer Architects
- 165 North 10th Street (The Decora) — 2008 condominium
- 170 North 11th Street (Lucent Condominium) — 2007 condominium
- 171 North 1st Street — 2023 condominium
- 172 North 10th Street — 1920 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.
Considering a move at 170 Broadway, Brooklyn (The Broadway Arms Condominium)?
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