1748 Dean Street (1750 Dean Street Condominium)
1748–1762 Dean Street, Brooklyn, NY 11213
BBL 3013497502 · BIN 3393563
- Year built
- 2008
- Type
- Condominium
- Units
- 24
- Floors
- 40
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1748 Dean Street (1750 Dean Street 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 number that defines 1748 Dean Street is 2034. That is when the 421-a exemption ends and each unit pays full property tax. Until the 2029/30 tax year, owners pay tax on little more than the land's 2006 value. From 2030/31 the benefit steps down 20 points a year for four years. A buyer in 2026 gets about four more years at the full benefit, then a rising tax bill.
The second fact is the sponsor. 1750 Dean St. LLC still owns half the residences, eighteen years after the buildings were finished. It sold two units in 2008 and 2010, then held the rest as rentals. It sold ten more between late 2020 and early 2022 and has sold none since. Its lenders hold assignments of the leases on the retained units, and the most recent was recorded in July 2024. That points to a sponsor holding its units for the long term rather than selling them down.
The resale market is real. Twelve units belong to separate, unrelated owners, and owner resales have been recorded since 2015. The most recent sale, in February 2025, was a resale. This is an open-market condominium with a large sponsor block, not a rental building in a condominium wrapper. But the sponsor's half of the common interests shapes financing, governance and resale for every owner.
The form is unusual for a condominium. These are eight attached three-family houses, one per address, built on a single plan and joined in one declaration. At about 1,500 to 1,835 square feet on the tax roll, the units are larger than most condominium stock in this part of Crown Heights.
Architecture and unit composition
The eight buildings run from 1748 to 1762 Dean Street. Each has three residences, lettered A, B and C, and the unit number tracks the address: 48A through 48C at 1748, up to 62A through 62C at 1762. Department of Finance areas are consistent across the row. The A and C units run about 1,770 to 1,835 square feet; the B units about 1,500 to 1,540.
Gerald Caliendo filed all eight new-building applications on the same day in November 2006, and each was signed off in the first week of May 2008. The same architect filed a row of three-family houses farther east on this block in 2005. The DOB filings list each building at four stories and 40 feet; the Department of Finance and PLUTO record three stories. Confirm the configuration of each level, including any cellar or duplex space, against the certificate of occupancy and floor plans.
Building operations
The 421-a schedule, read from the Department of Finance record. Every unit carries code 5114, a 25-year, no-cap benefit with a 2006 base year and a first benefit year of 2009/10. On the 2026/27 roll each unit's exemption equals its full assessed value above that base, so the benefit is at 100 percent. Under the statute's 25-year schedule, the benefit stays at 100 percent for 21 years and then drops 20 points a year for four years. That puts the full benefit through 2029/30, then 80 percent in 2030/31, 60 percent in 2031/32, 40 percent in 2032/33 and 20 percent in 2033/34, with full taxes from July 1, 2034. This is our reading of the statute against the DOF record, not a DOF-published schedule; have the buyer's attorney confirm it against the unit's exemption detail.
Governance. With 12 of 24 units, the sponsor controls half the common interests. The condominium's budget, reserve position and board composition are not in the public record, and no offering plan or financial statements are on file in The Roebling Research Library. Ask for the declaration and its 2015 amendment, the offering plan and amendments, the last two audits and the current budget.
Recent sales
1748 Dean Street trades as new-construction condominium stock in Crown Heights, priced per square foot. The large units compete more with two- and three-bedroom condominiums in the neighborhood's elevator buildings than with the small units in walk-up conversions. The 421-a benefit carries value now and loses it on a known schedule. Through 2025, Crown Heights condominium buyers priced remaining 421-a years into offers, and that effect grows as 2030 approaches. 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 |
|---|---|---|
| Mar 13, 2025 | 48C | $1,250,000 |
| Apr 22, 2021 | 48B | $905,000 |
| Mar 4, 2021 | 48A | $840,000 |
| Dec 28, 2020 | 48C | $1,075,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01349-7502) 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
Underwrite the sponsor's half. Ask whether the sponsor is current on common charges, how many board seats it holds, and whether it plans to keep renting its units. Lenders review single-owner concentration in condominium projects, and a 50 percent block will narrow the loan programs available. Confirm your lender's position before you sign a contract.
Model the tax bill through 2034. Carry costs today reflect a full exemption. Build the phase-out into any hold longer than four years.
Get the documents the public record does not have. The rules and regulations, the right-of-first-refusal procedure, the budget, the reserve balance and any open violations all have to come from the managing agent.
Confirm the floor plan against the certificate of occupancy. The agencies disagree on the number of stories. Know what is legal living space before you pay for it.
What to know if you’re selling
Lead with size and the remaining exemption. Residences of 1,500 to 1,835 square feet are uncommon condominium stock in the area, and the 421-a is at full benefit through 2029/30.
Have the sponsor answers ready. A buyer's lender and attorney will ask about the sponsor block first. A current managing-agent questionnaire and sponsor-arrears statement shorten diligence.
Price against owner resales. Sponsor units come to market rarely and on the sponsor's terms. Owner resales in the row are the cleaner comparables.
Comparable buildings
If you're considering 1748 Dean Street, also evaluate:
- 957 Pacific Street — an 18-residence Crown Heights elevator condominium of 2008 on the same 25-year 421-a schedule
- 892 Bergen Street — a 38-residence Crown Heights condominium of 2010 with a 25-year 421-a running to 2036
- 475 Sterling Place — a 45-residence Crown Heights condominium with deeded parking and a 25-year exemption into the 2030s
- 823 Classon Avenue — The Prospect Condominium, 24 residences, with its 421-a ending in 2027
- 1492 Bedford Avenue — three walk-ups converted to a 24-apartment Crown Heights condominium, with an expired J-51
- 834 Sterling Place — Hello Sterling, a 54-residence condominium of 2015 with no 421-a
- 762 Park Place — a 23-residence condominium of 2018 at full tax
- 488 Sterling Place — a 25-residence condominium of 2021 at full tax, sold out by its sponsor
More Crown Heights buildings
- 111 Montgomery Street — 2018 condominium by Karl Fischer Architects
- 1492 Bedford Avenue — 1910 condop
- 225 Eastern Parkway (The Traymore) — 2006 condominium
- 255 Eastern Parkway (The Woodrow Wilson) — condominium
- 475 Sterling Place — 2006 condominium
- 488 Sterling Place — 2021 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Crown 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.
Considering a move at 1748 Dean Street (1750 Dean Street Condominium)?
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