2 Grace Court
2 Grace Court, Brooklyn, NY 11201
Brooklyn Heights, Brooklyn
BBL 3002520008 · BIN 3002142
- Year built
- 1916
- Type
- Cooperative
- Units
- 142
- Floors
- 6
- Landmark status
- Not an individual landmark; in the Brooklyn Heights Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 80% of the purchase price
- Flip tax
- Tiered or formula; see fees
- Doorman
- Part-time doorman
- Flip tax
- Transfer fees collected — documented as income in the co-op's audited financial statements; current rate/basis to be confirmed at offer stage
- Financing
- Minimum 20 percent down commonly reported — confirm board's current requirement
- Subletting
- Permitted subject to board policy and fees — recurring sublet-fee income documented in audited financials
- Pets
- Pet acknowledgment form in purchase application — consistent with pets permitted subject to house rules; confirm current policy
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated documents spanning 1985-2023, reviewed 2026-08). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 1998–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2026
- $699K
- 9 qualifying sales
- Recent range
- $599K – $2.3M
- Listing discount
- 0.0%
- Recorded transfers
- 181
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 2 Grace Court 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.
Grace Court is the quietest address in Brooklyn Heights, and 2 Grace Court is most of Grace Court. The street runs a single block west from Hicks Street and stops — a true cul-de-sac with no through traffic, facing Richard Upjohn's Gothic Revival Grace Church (1840s) across the corner, with the harbor edge falling away beyond the street's end. The block's literary lore is real: Arthur Miller owned 31 Grace Court, down the row, when Death of a Salesman premiered, and sold the house in 1951 to W. E. B. Du Bois. On a street this small, one building sets the residential character, and the broad six-story apartment house at No. 2 is that building.
The building's proportions are what make it singular in the Heights' co-op stock. Most prewar cooperatives in the neighborhood are boutique — a dozen to forty apartments in a townhouse-scaled or modest elevator building. 2 Grace Court holds 142 apartments in six stories: a horizontal prewar building of a scale the historic district contains almost nowhere else. That massing produces the building's practical virtues — long double-loaded floors with many corner and end units, a large shareholder base spreading operating costs, and an unusually deep and varied line structure for a prewar co-op, from compact one-bedrooms to corner units with duplex configurations documented in recent marketing. Upper-floor and west-facing units catch harbor, Statue of Liberty, and lower-Manhattan sightlines from the building's elevated position above the harbor edge.
The public record on the building's origins is thinner than its presence deserves. Department of Finance records date it to 1916; architectural references place it in the early 1920s and attribute the design to Mortimer Freehof, an attribution absent from the LPC's designation-era records — we treat the architect as reported rather than settled. The cooperative chapter is documented precisely, and from the primary source: the offering plan in The Roebling Research Library. 2 Grace Court Associates, a sponsor entity of the 1980s conversion firm Coronet Properties Company, offered the building's 29,547 shares under a non-eviction plan first presented April 17, 1985, at an insider price of $400 per share and a total offering of approximately $16.8 million. The plan's first-year budget describes the building that shareholders took over: a fully staffed, 32BJ-union operation with a resident superintendent, handyman, and four porters.
Four decades on, the co-op's paper trail shows a steadily self-governing building: a shareholder-controlled board (the plan's unsold-shares holder — by the 2010s an investor entity managing roughly a tenth of the stock — did not control it), documented capital work including a facade parapet program in the early 2010s and an elevator replacement planned from 2014, and audited financials that disclose the small texture of the place, from storage and sublet fee income to a rooftop antenna lease. For buyers who want a prewar Heights co-op with scale, quiet, and harbor adjacency in one address, this building has almost no direct substitute.
Architecture and unit composition
The 142 apartments spread across six floors in a broad plan that gives the building more frontage than height — the reverse of the tower-form prewar stock elsewhere in the district. Share allocations in the offering plan's Schedule A run from compact lines in the 160–230 share range through corner lines near 300 shares, tracking a unit mix from one-bedrooms through larger two- and three-bedroom configurations; recent marketing documents corner units with twelve-window exposures and duplex layouts. The prewar envelope — brick, with Tudor-inflected detailing noted in references — sits inside the historic district, so the exterior is effectively preserved as-is under LPC regulation. The elevated site does quiet work in the building's favor: Grace Court sits on the bluff line, and west-facing upper units clear the lower structures toward the harbor.
Building operations
2 Grace Owners Inc. operates with a live-in superintendent and unionized service staff, with FirstService Residential New York as managing agent per the building's purchase-application materials. The audited financial statements in The Roebling Research Library document the operating pattern of a large, conservatively run prewar co-op: maintenance set per share (with periodic increases in the low single digits in the documented years), fee income from storage, sublets, and laundry, commercial and antenna lease income supplementing maintenance, and capital work funded through a mix of assessments and credit facilities — including the parapet facade assessment of the early 2010s and elevator modernization planned from 2014. Current financials, the budget, and any open assessments are reviewed with clients during diligence.
Policy framework
Pet policy: The purchase application includes a pet acknowledgment, consistent with pets being permitted subject to house rules; confirm current policy and any restrictions at application.
Subletting: Permitted subject to board policy and fees — sublet-fee income recurs in the cooperative's audited financial statements. Term limits and approval mechanics should be confirmed with the managing agent.
Transfer fee: The cooperative collects transfer fees, documented in its audited financial statements; confirm the current rate and basis (per share, percentage, or flat) at offer stage.
Financing: Commonly reported at 20 percent minimum down; the board's current requirement, and any debt-to-income expectations, should be confirmed before offer.
Application mechanics: $500 processing fee, $110 consumer-report fee per applicant party, $500 refundable move-in and move-out deposits, with the application processed online through the managing agent (per the building's purchase-application materials). Trust and LLC purchase forms exist within the application set; the board's actual receptivity to such structures should be confirmed case by case.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Transfer fees collected — documented as income in the co-op's audited financial statements; current rate/basis to be confirmed at offer stage
Source: The Roebling Research Desk's building record
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $650 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Buyer | When With the application | Amount $150 per applicant | Refundable Non-refundable |
| Printing and Messenger | Paid by Buyer | When With the application | Amount $75 | Refundable Not stated |
| Closing Preparation | Paid by Buyer | When Before closing | Amount $300 | Refundable Not stated |
| Power of Attorney Review FeeConditionalConditions: If Applicable | Paid by Buyer | When At closing | Amount $150 | Refundable Non-refundable |
| Recognition Agreement FeeConditionalConditions: If Financing | Paid by Buyer | When At closing | Amount $300 if financing | Refundable Not stated |
| Refinance FeeConditionalConditions: If applicable | Paid by Buyer | When At closing | Amount $200 if financing | Refundable Not stated |
| Closing Fee | Paid by Shareholder | When At closing | Amount $600 | Refundable Non-refundable |
Additional closing fees
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Waiver of First Refusal | Paid by Buyer | When Before closing | Amount $550 | Refundable Not stated |
| Post Closing Processing | Paid by Buyer | When At closing | Amount $300 | Refundable Not stated |
Sublet
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Check FeePer applicantRequired | Paid by Subtenant | When With the application | Amount $150 per applicant | Refundable Non-refundable |
| Sublet Processing Fee | Paid by Subtenant | When With the application | Amount $550 | Refundable Non-refundable |
| Sublet Fee | Paid by Shareholder | When At closing | Amount $200 | Refundable Non-refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Sublet Fee | Paid by Shareholder | When With the application | Amount $200 | Refundable Non-refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Refinance Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount $650 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceMinimum 20 percent down commonly reported — confirm board's current requirementSource: The Roebling Research Desk's building record
- Guarantors
- PermittedSource: building management's published schedule, as of September 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of September 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of September 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of September 2026
- Purchase or lease by a corporation
- PermittedSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsPermitted subject to board policy and fees — recurring sublet-fee income documented in audited financialsSource: The Roebling Research Desk's building record
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $446 per room a monthMedian of 15 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Part-time doormanSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Roof deck, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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.
| Date | Unit | Apartment | Price | vs. Ask |
|---|---|---|---|---|
| Jul 14, 2026 | 2D | 2 BR · 1 BA | $1,300,000 | +5.3% |
| Jun 2, 2026 | 6E | 2 BR · 1 BA | $1,575,000 | +8.6% |
| May 12, 2026 | 3X | 1 BR · 1 BA | $600,000 | +9.1% |
| Oct 1, 2025 | 1X | 1 BR · 1 BA | $599,000 | +0.0% |
| Aug 28, 2025 | 3H | 2 BR · 1 BA | $1,400,000 | +3.7% |
| Jul 8, 2025 | 1T | 1 BR · 1 BA | $750,000 | +0.0% |
| May 1, 2025 | 5Z | 2 BR · 1 BA | $1,377,500 | +0.0% |
| Feb 26, 2025 | 2C | 1 BR · 1 BA | $680,000 | -2.7% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $979/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 0.0% from the last ask.
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 3-00252-0008). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 2 Grace Court and nearby.
At the recent median sale of $1.02M (10 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $22,644 to close, or 2.2% of the price.
- Mansion tax: $10,250
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,394
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The street is the amenity. A no-through-traffic cul-de-sac facing Grace Church, a block from Joralemon's brownstones and the harbor edge — this is the quietest residential setting in the Heights, and it does not reproduce elsewhere in the district.
Scale gives you choices a boutique co-op cannot. With 142 apartments and a deep line structure, the building produces genuine intra-building comparables, more frequent listing flow than the district's small co-ops, and a shareholder base that spreads capital costs.
Read the financials with professional help. The co-op's documented history includes assessments and credit-facility use for capital work — normal for a building of this age and size, but the current capital agenda (facade cycles under LL11, elevators, roof) belongs in your underwriting. The offering plan, amendments, and audited financials are in The Roebling Research Library.
Confirm the soft policies early. Pets, sublet terms, and the transfer fee are all documented in outline; boards adjust specifics over time, and your offer strategy should rest on the current versions.
Verify the year and architect story as charm, not gospel. The building's documented record (1916 per public records; early 1920s per architectural references; architect attribution reported, not settled) is genuinely mixed.
What to know if you’re selling
Lead with the cul-de-sac. Buyers cannot buy this quiet anywhere else in the district; marketing that opens with Grace Court itself — the church, the dead-end, the harbor edge — positions the apartment before a single interior photo.
Price from intra-building comparables. The building generates its own comps; recent same-line and same-tier trades anchor value more reliably than district-wide prewar averages, and the gap between renovated and estate condition is wide in this stock.
Have the transfer fee and sublet policy quantified before listing. Both exist; both affect net proceeds and the investor-buyer calculus. Exact current figures should appear in your listing team's deal sheet from day one.
Prepare for a document-driven board process. The managing agent's application is thorough and online; complete financial packages protect timelines, and The Roebling Team assembles board packages against the building's documented requirements.
Comparable buildings
If you're considering 2 Grace Court, also evaluate:
- 57 Montague Street (The Breukelen) — the other large prewar co-op of the southern Heights, on the main street rather than a cul-de-sac
- 2 Montague Terrace — boutique prewar co-op on Montague Terrace, the one-block street between Montague and Remsen Streets
- 10 Montague Terrace — prewar co-op with harbor-side position above the Promenade
- 130 Clinton Street — prewar elevator co-op in the central Heights
- 68 Remsen Street — prewar co-op two blocks north
- 100 Remsen Street — prewar elevator co-op on a comparable quiet block
- 160 Columbia Heights — co-op living along the Promenade's spine
- 19 Grace Court — the boutique co-op alternative on the same cul-de-sac
- 1 Grace Court — small co-op at the cul-de-sac's Hicks Street corner
- 35 Pierrepont Street — boutique prewar co-op in the northern Heights for comparison across the district
More Brooklyn Heights buildings
- 187 Hicks Street (Florence Court) — 1900 co-op
- 19 Grace Court — 1925 co-op
- 199 State Street (The Lookout Hill Condominium) — 2006 condominium
- 2 Montague Terrace — 1927 co-op
- 20 Henry Street — 1885 condominium
- 20 Pierrepont Street — 1934 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Brooklyn Heights.
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.
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 2 Grace Court?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com