175 Eastern Parkway
175 Eastern Parkway, Brooklyn, NY 11238
Prospect Heights, Brooklyn
BBL 3011790108 · BIN 3029640
- Year built
- 1922
- Type
- Cooperative
- Units
- 78
- Floors
- 6
- Landmark
- No
- Subletting
- The corporation maintains a distinct Sublease Application alongside its Sale Application, indicating a defined sublet process; terms, limits and fees are not documented in the records reviewed. Under the plan as filed, no fee is charged by the corporation or its agent on a sublet, assignment or sale of unsold shares, and a holder of unsold shares may sell, assign or sublet subject only to the sponsor's consent.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 1986 plan as filed). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
The blockfront that runs along the north side of Eastern Parkway from Grand Army Plaza east to Washington Avenue is a single, continuous piece of 1920s city-building — a dozen elevator apartment houses put up in roughly a decade after the IRT opened beneath the parkway in August 1920, marketed to Manhattan professionals as the Brooklyn answer to Park Avenue. 175 Eastern Parkway sits at the far eastern end of that run, and its position is the best in the row. The Brooklyn Museum is directly across the parkway. The Brooklyn Botanic Garden is immediately behind the museum. The Eastern Parkway–Brooklyn Museum station is at the corner. There is no other for-sale building in Prospect Heights with that exact set of neighbors.
The building is also, quietly, one of the earliest of the group. Department of Finance records date it to 1922, which puts it within two years of the subway's opening — early enough that its developers were betting on the corridor rather than confirming it. Six stories, brick, a wide parkway elevation on an irregular lot of just over 21,000 square feet, and 78 apartments in about 85,000 square feet of building. That last ratio is the one that matters to a buyer: it is a generous average by any standard, and it shows up in the plans.
The conversion file is a straightforward 1986 sponsor deal with one striking number in it. 175 Eastern Parkway Associates, operating from 100 Ocean Parkway, offered a non-eviction plan on January 22, 1986 at a total purchase price of $10,333,000 against 8,030 shares in 78 apartments. Tenants in occupancy could buy at $500 a share. Outside purchasers paid $1,100. A 55 percent insider discount is aggressive even against the mid-1980s norm, where 25 to 30 percent was typical — and it tells you something real about how the sponsor read the building's rent roll and the neighborhood's mid-1980s market. Some of the shareholders who took that price are still here; the cost basis inside this building is unusually varied as a result.
The apartment schedule is the other reason to pay attention. It runs from two-room, one-bath units through seven-room, two-bath apartments, with the middle of the building weighted toward three-, four- and five-room plans. That is a genuinely wide range in a single 78-unit building, and it means 175 Eastern Parkway serves a broader buyer set than most of its neighbors — first apartments and family apartments in the same lobby, at very different price points.
Finally, the landmarks question, which is a real buyer fact here and is frequently misunderstood. Prospect Heights got a historic district in 2009, and its southern boundary is Eastern Parkway. The Landmarks Preservation Commission's own designation report observes that a large number of the neighborhood's six-story elevator apartment houses were built "just south of the district," on the Plaza and Eastern Parkway — which is to say that the corridor's most substantial apartment stock was deliberately left outside the line. Eastern Parkway is a designated Scenic Landmark, but that 1978 designation protects Olmsted and Vaux's right-of-way — the malls, the benches, the service roads — and not the private buildings flanking it. The consequence for an owner at 175 Eastern Parkway is that no window replacement, façade repair or rooftop work here passes through the LPC, and no district-level protection restrains what gets built nearby. A separate advocacy effort has proposed a Prospect Heights apartment-house district covering this stock; it confers nothing today, and nothing on this page assumes it will.
Architecture and unit composition
The building presents its long elevation to the parkway on an irregular lot, with roughly 125 feet of frontage and about 122 feet of depth, and a building footprint of about 109 feet square. Six stories of brick, in the massing that Brooklyn's 1920s elevator apartment builders used across this corridor: a masonry base, a repeating window rhythm above, and the interior light courts that a plan of this depth requires. Because of that court geometry, line position governs light and quiet here more than floor does. Parkway-facing apartments look south across the Scenic Landmark's malls and service roads toward the museum; court and rear lines are quieter and differently lit, and the difference is legible in pricing.
The 1986 Schedule A is the best surviving description of the apartment stock. Room-and-bath counts run from 2/1 at the small end through 3/1, 4/1, 5/1 and 6/1 in the body of the building to 7/2 at the top of the range, with share allocations from the mid-40s to over 200 — a spread of better than four to one between the smallest and largest apartments. Ground-level apartments are lettered separately, and the superintendent's apartment sits among them. Four decades of cooperative ownership have brought combinations and reconfigurations, so the original share allocation is an imperfect guide to what an apartment is today; assess the specific rooms, exposure, floor and renovation.
Classic prewar planning of this vintage brings entry foyers, separated entertaining and sleeping zones, and proportion that no renovation manufactures. What it does not bring is contemporary infrastructure. In a 1922 building the questions worth asking about any specific apartment are the state of the risers serving it, the electrical service, the window condition and the extent to which prior owners' work was permitted.
Building operations
175 Eastern Parkway Tenants Corp. has run the building since the 1986-era closings, and the corporation maintains a full set of transaction documents — a sale application, a sublease application, a decoration application, house rules and by-laws — which is a good sign about how the board operates and a useful thing for a buyer's attorney to request early. The Roebling Research Library holds these along with the financial statements and shares them with clients during diligence.
The conversion-era operating file gives a baseline. The building ran on oil and gas heat, with the sponsor's fuel data covering 1982 through mid-1985 and a first-year heating budget of $95,000; service contracts were in place with Republic Elevator, a leased hot-water heater and an exterminator; the building carried a $7 million multi-peril loss limitation. The managing agent named in the plan, Kensington Management Services, is historical only.
For a 1922 masonry building of this size the recurring capital items to review are the FISP/LL11 façade cycle, elevator modernization, roof and parapet, riser and plumbing replacement, and the heating plant. There is no Landmarks step here, which shortens and cheapens façade and window work relative to the co-ops inside the district a few blocks north — a genuine cost advantage worth naming. Ask for the last two façade filings, the assessment history and the current reserve position.
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers 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 |
|---|---|---|
| Aug 27, 2024 | 5N | $512,500 |
| Aug 15, 2024 | 1L | $645,000 |
| Jul 31, 2024 | 4L | $720,000 |
| Dec 18, 2023 | 4B | $1,350,000 |
| Sep 23, 2022 | 2G | $975,000 |
| Sep 20, 2022 | 2K | $995,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01179-0108) 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.
What to know if you’re buying
The location is the thesis. Museum, Botanic Garden and the 2/3 express, all within a block. If those are why you are here, buy a parkway-facing line and pay for it.
Price off rooms and line, not the building. A 78-unit building whose apartments run from two rooms to seven does not have a meaningful average. Find the last two sales in your room count and your line.
No Landmarks review is a cost advantage. Window replacement and façade work here do not go through the LPC. That is real money and real time relative to the co-ops inside the district. It also means no district-level protection over what a neighbor builds.
Ask for all five policies in writing. Flip tax, sublet terms and limits, pets, pied-à-terre and minimum down payment are undocumented in the conversion file. Get them at application stage, not at contract.
Check the 1922 infrastructure on the specific apartment. Risers, electrical service, windows and the permitting history of prior renovations matter more in a building of this age than the lobby does.
What to know if you’re selling
Lead with the address, not the amenities. "Across Eastern Parkway from the Brooklyn Museum, a block from the Botanic Garden, at the express stop" does more work than any feature list, and it is the one thing no competitor on this corridor can copy.
Present the plan by rooms. Prewar room counts are what this market buys. Photograph proportion and light rather than finishes.
Name the no-Landmarks position as a benefit where it is one. Buyers who have been shopping inside the historic district will have heard about permit timelines. Yours is a simpler building to renovate.
Assemble the applications and financials before the first offer. The corporation maintains sale, sublease and decoration applications. Sellers who hand a buyer's attorney a complete package early keep diligence from becoming a renegotiation.
Position against the Parkway and Plaza Street set. Those are the honest comparables, and an appraiser will use them whether or not you do.
Comparable buildings
If you're considering 175 Eastern Parkway, also evaluate:
- 135 Eastern Parkway (Turner Towers) — the corridor's largest prewar cooperative, two blockfronts west; the scale alternative
- 125 Eastern Parkway (The Theodore Roosevelt) — six-story prewar co-op on the same blockfront; the closest direct peer
- 41 Eastern Parkway — prewar co-op at the Grand Army Plaza end of the corridor
- 34 Plaza Street East — Plaza Street prewar cooperative facing Grand Army Plaza
- 50 Plaza Street East — the boutique Plaza Street alternative
- 10 Plaza Street East — the largest of the Plaza Street cooperatives, on the Park Slope side of the circle
- 230 Park Place — Prospect Heights co-op inside the historic district; the landmarked-context comparison
- 225 Park Place — Colonial Revival elevator co-op inside the district; a smaller, protected alternative
- 1 Grand Army Plaza (Richard Meier on Prospect Park) — the condominium alternative at the Plaza, for buyers weighing tenure
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at 175 Eastern Parkway?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 175 Eastern Parkway 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.