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
- Designated
- 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.
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.
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 |
|---|---|---|
| Jun 11, 2026 | 6E | $1,575,000 |
| May 21, 2026 | 3X | $600,000 |
| Oct 15, 2025 | 1X | $599,000 |
| Sep 11, 2025 | 3H | $1,400,000 |
| Jul 14, 2025 | 1T | $750,000 |
| May 16, 2025 | 5Z | $1,377,500 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00252-0008) 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 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 references; architect attribution reported) is genuinely mixed — we present it as such.
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 the district's other famously quiet dead-end block
- 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
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 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.
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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.