200 16th Street

The conversion produced a five-story, 55-foot building of about 43,500 square feet of construction on a 14,400-square-foot lot, per the DOB filing and PLUTO. The DOB file includes partial-demolition plans but does not record the existing building's height. How much of the present structure is original fabric is not documented in the public record, and the buyer's engineer should look.

The first floor carries four apartments: three large units of about 1,630 to 1,800 square feet (1A, 1B, 1C) and a 612-square-foot 1D, per the Department of Finance roll. Floors two through four each carry nine apartments, A through I, from about 595 to 1,570 square feet, with the largest on the fourth floor. The single fifth-floor unit, 5J, is carried at about 890 square feet. Some apartments have private terraces, balconies or yards, which the house rules regulate. The roll's figures are the city's gross measurements; measure before relying on them.

The garage. Sixteen deeded parking units, P1–P16, each a separate tax lot. The house rules allow a space to be sold or leased only to a unit owner or resident. Parking lots pay full taxes because the 421-a covers only the apartments. The 2021 statements show about $26,000 a year of parking revenue to the condominium. Ask how garage costs and charges are split between space owners and everyone else.

A note on the city's data. A worklist date of 2007 is the conversion year; PLUTO's 1926 is the original building. PLUTO's building area of about 33,400 square feet understates the roughly 45,100 the Department of Finance carries on the billing lot. The Department of Finance classes the apartments as walk-up units despite the two elevators.

The 421-a schedule, read from the Department of Finance record. On the 2026/27 roll, each apartment's exempt value equals its full assessed value above a fixed 2004 base: the benefit is at 100 percent. The exemption is a 25-year, no-cap benefit first effective in 2008/09. 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 2028/29, then 80 percent in 2029/30, 60 percent in 2030/31, 40 percent in 2031/32 and 20 percent in 2032/33, with full taxes from July 1, 2033. This is the same timetable as 162 16th Street on the next block. It 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. ACRIS indexes no regulatory agreement against the base lot or the units.

The loan. In December 2012 the board took a $450,000 loan, drawn in stages, to pay for improvements, per the audited 2013 statements; about $320,000 of capital work was capitalized in 2013. DOB records façade repointing and roof repair permits in 2011 and a roof restoration in 2013. In August 2019 the board refinanced into a $500,000 loan at 3.52 percent, maturing August 2029, with monthly payments of about $4,960, per the 2021 statements. The balance was about $308,000 at the end of 2021. A special assessment of about $49,500 a year services it. Confirm the current balance and the end date of the assessment.

Finances, per the 2021 compiled statements. Common charges were about $215,000 for 2021. The condominium held about $324,000 in cash at year-end 2021. The statements note that the governing documents do not require a reserve fund and that no study of future major repairs has been done. Common charges receivable stood at about $170,000, roughly three-quarters of a year's common charges. Ask the managing agent what is outstanding now and whether any single unit accounts for most of it. The 2021 statements were compiled, not audited, and are five years old.

Open work. A DOB filing from May 2026 proposes replacing storm and sanitary drainage lines after sewer backups; it was in objections at last check. Ask for the scope, the cost and how it will be paid. At five stories the building sits below the six-story threshold of the city's façade-inspection program (Local Law 11).

• Pets: Permitted, leashed in common areas, with the board able to require removal of an animal it deems a safety threat. No pets on the roof deck or in the gym, per the house rules.
• Leasing: Permitted under Article 8.1 of the offering plan, as cited in the house rules. The board must approve the lease application. Rented units pay an extra $25 a month in common charges, and tenants may not use the roof deck or gym.
• Parking: Spaces may be sold or leased only to unit owners and residents.
• Right of first refusal: A board committee interviews purchasers and decides whether to waive the condominium's right of first refusal, per the purchase application.
• Purchase application: Tax returns, a mortgage commitment, references and résumés, plus the fees listed above.
• Terraces and air conditioning: Gas and propane grills are prohibited on terraces; electric, charcoal and piped-gas grills are allowed ten feet from the building. Window and through-wall air conditioners are prohibited. No barbecues on the roof deck.
• Roof deck: Shared by owners, with posted hours, a guest-escort rule and a $200 deposit for reserved gatherings, per the house rules.

Recent sales

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01053-7503) 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.

Model the 2029–2033 crossover. The loan assessment should end around August 2029 and the tax phase-out begins in 2029/30. Run carrying costs year by year across both, at the 2033/34 full-tax level for longer holds.

Ask about the receivables and the drainage work. A large common-charge receivable in 2021 and an open 2026 plumbing filing are the two operating questions to settle before contract.

Plan for the right of first refusal. Budget time for the committee interview and waiver. The application asks for more than most condominiums do.

Confirm what conveys. Parking spaces are separate units. The contract and the deed must name the lot numbers.

Present the tax and loan schedules together. A buyer who sees the assessment ending as the phase-out begins will price the building more accurately than one who finds either on their own.

Sell the amenities and the garage. A gym, roof deck and deeded parking are uncommon in South Slope buildings of this size.

If you're considering 200 16th Street, also evaluate:

• 279 Prospect Avenue — a 20-residence condominium on the same block, with a 25-year 421-a ending in 2029
• 162 16th Street (The Vue) — a 45-residence condominium on the next block west on the same 421-a timetable
• 444 12th Street — a c.1881 Park Slope factory converted to a 37-residence loft condominium in 2001–02
• 11 Sterling Place — a 1935 Park Slope factory converted to a 36-unit condominium in 1986
• 372 15th Street (The Park Pavilion) — a 30-residence South Slope condominium whose 15-year 421-a has expired
• 155 15th Street (Harbor Hill) — a 21-residence South Slope condominium with a garage
• 675 Sackett Street — a same-generation Park Slope condominium with a 25-year 421-a now phasing out
• 343 Fourth Avenue — a larger 2006 Fourth Avenue condominium with a garage