2 Bayard Street (The Lotus)
2 Bayard Street, Brooklyn, NY 11211
BBL 3027217501 · BIN 3390807
- Year built
- 2006
- Type
- Condominium
- Units
- 19
- Landmark
- No
- Amenities
- Per listing records — a shared roof terrace facing the park, private balconies or terraces on some apartments, a garage, bicycle storage and storage cages. Confirm current access and fees with the managing agent
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Lotus, per listing records. The recorded documents do not use the name 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.
2 Bayard Street is one of the small, early condominiums that went up on the McCarren Park edge in the years around the 2005 rezoning. It was filed in 2003, finished in 2006, and sold out by the sponsor in about eight months, between November 2006 and June 2007. Its neighbors on the same block, the condominiums at 20, 30 and 50 Bayard Street, are all two to four times its size.
The building is modest in scale: five stories, 19 apartments, most of them one-bedroom layouts of 670 to 930 square feet. What sets it apart is the position. It sits on a corner directly across Bayard Street from McCarren Park, so the park-facing apartments look over open space rather than across a street wall.
For a buyer today, three facts shape the underwriting. The 421-a benefit is gone, so the tax bill is the full bill. The parking is owned by the condominium board, not by individual apartment owners. And resale volume is thin, as it is with 19 apartments.
Architecture and unit composition
Nineteen apartments sit on five floors: four each on floors one through four (A–D lines) and three on the fifth floor (5A–5C). The second- through fourth-floor apartments are the largest, at about 930 square feet each per the Department of Finance roll. Listing records describe the original program as one-bedroom apartments, several with mezzanine levels, and describe a penthouse with a large planted deck. Confirm any individual layout against the floor plan in the offering plan.
The façade is the building's most discussed feature. Architectural records note a geometric front with painted relief panels and patterned railings that drew divided commentary when the building was new.
The R units. Three small units, R1, R2 and R3, are separately tax-lotted. At the first sale R3 was conveyed together with apartment 4B. R1 and R2 went to the board of managers. The records we reviewed do not say what the R units are. A buyer of an apartment that claims one should see it in the deed and confirm its use in the declaration.
Parking. The eight parking spaces, P1 through P8, are each separate tax lots. In March 2011 the sponsor sold all eight, together with R1 and R2, to the board of managers in a single deed, per ACRIS. The board still holds them. That means no apartment owner holds a deeded space. Parking is a building-controlled asset, and access, allocation and fees are set by the board.
Building operations
The 421-a has expired. The Department of Finance exemption roll records code 5113, "421-a, 15 years, no cap," on the condominium's lots, with a benefit start of 2008. On the standard 15-year schedule the benefit runs at full value for 11 years and then steps down 20 percent a year over the last four. The roll shows the phase-down in its last years: a partial exemption on the 2020/21 and 2021/22 rolls and none from 2022/23. Owners have paid full real-estate taxes since July 2022.
Board-held assets. The board of managers owns the eight parking lots and two of the R units. Those lots carry their own taxes and generate whatever income the board charges for them. Ask the managing agent how they are budgeted and whether they are leased to owners.
Sponsor position. All 19 apartments sold between November 2006 and June 2007. The sponsor transferred its remaining parking and R lots to the board in 2011. No sponsor-held residences remain, per the Department of Finance roll and ACRIS.
Staffing. Not documented in the records we reviewed. Confirm staffing and package handling with the managing agent.
Recent sales
2 Bayard trades as small-building new construction from the mid-2000s, priced in dollars per square foot. Park-facing exposure, outdoor space and the top-floor apartments are the main price differentiators. With 19 apartments, a year can pass with one sale or none.
Because the tax benefit has ended, the building competes on a level footing with other fully taxed condominiums of its era, including 20 Bayard, whose 421-a is also burning off. Against buildings with active abatements, the carrying cost here will read higher. Within the building, expect the park-facing apartments and those with private outdoor space to sit at the top of the range. Market comparisons should be indexed to 2025, the last complete year.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|
| Jul 31, 2025 | 2D | $1,295,000 |
| Jun 20, 2016 | 1A | $790,000 |
| Feb 14, 2014 | 5C | $999,000 |
| Feb 12, 2004 | — | $1,000,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02721-7501) 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.
Keep up with The Lotus, per listing records. The recorded documents do not use the name and its market
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What to know if you’re buying
Price the apartment on the full tax bill. There is no abatement left. The current bill is the bill.
Ask about parking before you assume it. No apartment owner holds a deeded space. Ask the managing agent whether spaces are leased, at what rate, and whether there is a waiting list.
Check the deed for an R unit. If a listing claims roof space or storage, confirm the lot is in the contract and what the declaration allows.
Get the building documents. No offering plan or financial statements were found in The Roebling Research Library. A buyer's attorney should review the declaration, bylaws, current budget and any planned assessment.
What to know if you’re selling
Lead with the park. Direct McCarren Park frontage is the building's clearest advantage. Show it.
Present the carrying cost plainly. Buyers comparing against abated buildings will focus on taxes. A clean statement of common charges and the current tax bill avoids a discount for uncertainty.
Document any appurtenant rights. If the apartment comes with an R unit or a parking arrangement, have the paperwork ready.
Comparable buildings
If you're considering 2 Bayard Street, also evaluate:
- 20 Bayard Street (The Bayard Views) — the larger Karl Fischer condominium on the same block, also facing McCarren Park
- 65 Eckford Street — a recent 22-apartment condominium near the park on the Greenpoint side
- 36 Eckford Street — a 2007 condominium near the park with deeded parking and an expired 15-year 421-a
- 88 Withers Street (Element 88) — a newer small condominium a few blocks south
- 526 Union Avenue — a 2023 condominium farther south on Union Avenue, fully taxed with no 421-a
- 161 North 4th Street — a Northside condominium of similar era whose 421-a has also run out
- 70 Berry Street — a Northside condominium with deeded parking and an expired 421-a
More Williamsburg buildings
- 171 North 1st Street — 2023 condominium
- 172 North 10th Street — 1920 condominium
- 180 South 4th Street, Brooklyn — 1920 condominium
- 20 Bayard Street (The Bayard Views) — 2005 condominium by Karl Fischer Architects
- 211 North 5th Street — 2004 condominium
- 212 North 9th Street (Two12 Williamsburg) — 2015 condominium by Karl Fischer Architects
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 The Lotus, per listing records. The recorded documents do not use the name?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.