200 Hicks Street (Casino Mansions)
200 Hicks Street, Brooklyn, NY 11201
Brooklyn Heights, Brooklyn
BBL 3002410001 · BIN 3001940
- Year built
- 1911
- Type
- Cooperative
- Units
- 17
- Floors
- 8
- Landmark
- Designated
- Flip tax
- No flip tax appears in the proprietary lease or by-laws as filed; by-laws Art. V sec. 5.5 authorize the board to fix reasonable fees on assignment, and the shareholder-account balance (by-laws Art. III sec. 3.10) must be paid in full at transfer
- Financing
- 50 percent minimum down payment reported in building coverage; not document-verified — hedged on page as reported, confirm at offer stage
- Subletting
- Written Subletting Policy: corporation disfavors subletting; consent by majority of directors or, failing that, lessees holding at least 66-2/3 percent of shares (proprietary lease para. 15); term 6 months to 2 years; renewals refused absent extraordinary circumstances; $500 non-refundable application fee; monthly sublet fee of 5 percent of rent or maintenance, whichever is higher; 2-month deposit; NYC agent for service of process; sublessee net worth >= 30 months' rent, liquid assets >= 12 months' rent, income >= 4x annual rent; policy may be suspended by the board
- Pied-à-terre
- Proprietary lease para. 14 limits residential use to lessee, spouse, and their children; any other occupant subject to board approval; guests capped at one month absent written consent — pied-a-terre and co-purchase structures are board-dependent
- Pets
- House rule 14: no bird or animal kept without express written permission of the corporation, consent not to be unreasonably withheld and revocable; dogs carried or leashed in all public portions
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated By-laws 1991; purchase application package revised January 19, 2010; audited financials December 31, 2015). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Casino Mansions is the rarest thing in the Brooklyn Heights co-op market: a cooperative apartment corporation as old as its building. The Casino Mansions Company was incorporated in 1910, per its own audited financials, which places it among the earliest cooperative housing corporations in Brooklyn and in the first generation of the form anywhere in the city. Nothing here descends from the 1980s conversion wave that produced most of the district's inventory — no sponsor file, no eviction-plan paperwork, no regulated remnant, just a share ledger running for more than a century.
The architecture is equally particular. William A. Boring built the Heights Casino at 75 Montague Street in 1904, and when the club sold off its outdoor tennis court a few years later the deal carried a condition that whatever replaced it be built in sympathy with the clubhouse. Boring took that commission too, and the result is a Dutch Revival apartment house of the same brick, gables, and stone as the club it abuts, so that from Hicks Street the two read as one composition. His practice with Edward L. Tilton, both trained at the École des Beaux-Arts and seasoned at McKim, Mead & White, had already produced the Ellis Island Immigration Station; he ended his career as dean of Columbia's School of Architecture. Few Heights apartment houses carry an attribution of that weight.
The plan is the third distinction, and the one buyers feel. The building went up with one eight-room and one nine-room apartment per floor across eight stories and still runs at roughly that density: full-floor-scale prewar homes with libraries, wood-burning fireplaces, herringbone floors, maid's rooms turned fourth bedrooms, service entrances, and four exposures on the corner lines. The apartment type belongs to the Manhattan trophy prewar tradition more than to the Heights' six-story norm, and the market prices it accordingly. What follows is a small, closely held house that operates like a private club, and the governing documents say so: the lease limits occupancy to shareholder, spouse, and children, the by-laws require directors to live in the building, and the sublet policy opens by stating that the corporation disfavors subletting.
Architecture and unit composition
Boring's eight stories are faced in the brick and stone of the Casino next door, under the gabled Dutch Revival profile that gives the pair its street identity. The plan's virtue is scarcity of neighbors — two apartments per landing at the original layout, producing cross-ventilated homes of eight and nine rooms with the service circulation a 1910 luxury house was built with. Surviving interiors carry neo-Classical mantels, libraries that open through to adjoining rooms, herringbone flooring, deep foyers, and generous built-in storage.
The unit ledger is the item to reconcile. DOF carries 17 units at the Hicks Street lot, the audited statements describe 21 across both buildings on 2,292 shares, and a mid-1990s lender disclosure recorded 2,197. The by-laws expressly permit regrouping — subdivision, combination, absorption of former servants' rooms — with treasury shares issued to match, which is how a century-old ledger drifts. Price the shares, not the room count. Every exterior element, windows included, sits under LPC jurisdiction.
Building operations
The corporation runs as a staffed prewar house at unusually small scale: salaries, payroll taxes, employer health coverage, and uniforms against roughly two dozen apartments, a service ratio far heavier per shareholder than the district's six-story elevator buildings and a meaningful share of the monthly charge. Elevator service, a roof deck, and an attended lobby are the amenity set; there is no commercial space and no ground lease.
Two structural items belong in every diligence file. The underlying mortgage was refinanced in 2014 onto a ten-year term with a 2024 balloon, so current financing is newer than the last statements in our library. And the accountants' notes record that no study of the remaining useful lives of common components has been commissioned, meaning major repairs are met through cash, borrowing, assessment, or deferral rather than a funded schedule; the by-laws cap ordinary reserve accumulation at 5 percent of annual cash requirements, with a 20 percent ceiling, absent a two-thirds shareholder vote.
The by-laws also carry a feature buyers rarely meet: shareholder accounts. Capital-improvement borrowings are allocated pro rata across shareholders, each carrying an individual interest-bearing balance that must be discharged in full at transfer. Ask for the account statement on the specific apartment before modeling closing cash.
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 |
|---|---|---|
| Jan 23, 2026 | 6S | $7,500,000 |
| Jun 1, 2022 | 8S | $6,250,000 |
| Aug 19, 2021 | 1N2N | $3,300,000 |
| Jun 29, 2021 | PHS | $1,450,000 |
| Nov 18, 2020 | 5N | $2,490,000 |
| Jun 4, 2020 | 5N | $2,375,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00241-0001) 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 corporation predates most conversions by seventy years. Diligence runs on by-laws, proprietary lease, sublet policy, house rules, financials, and board minutes — there is no sponsor file.
Two buildings, one share ledger. Read the financials as a two-building enterprise and reconcile DOF's 17 units against the corporation's 21.
Ask for the shareholder-account balance in writing. The allocated capital-borrowing balance rides with the apartment and must be paid off at transfer.
The lease is occupancy-restrictive by design. If your plan involves anyone beyond shareholder, spouse, and children, or any rental use, raise it before contract.
Confirm the lease term and the mortgage. The lease runs to December 31, 2040 with a documented intent to extend, and the underlying mortgage passed a 2024 maturity.
What to know if you’re selling
Name Boring and name the Casino. An Ellis Island architect who designed the club next door and matched this building to it is provenance no competing Heights listing can claim.
Market the plan, not the square footage. Two homes per floor, eight and nine rooms, libraries and fireplaces and service entrances — the apartment type draws a townhouse-alternative buyer.
Prepare the buyer for the board. A four-binder package, seven reference letters, an interview, and a reported 50 percent financing floor screen out unprepared purchasers. Qualify early.
Assemble the corporate file before you list. Share allocation, shareholder-account balance, current mortgage, lease-extension status, and the latest financials protect the price where comparables are thin.
Comparable buildings
If you're considering 200 Hicks Street, also evaluate:
- 1 Pierrepont Street — Caughey & Evans's 1924 co-op at the harbor end of Pierrepont; another original-era corporation with large apartments
- 62 Montague Street — Montrose W. Morris's 1888 apartment house one block west; the district's other architecturally consequential early building
- 1 Grace Court — boutique 1920s co-op at the end of the district's quietest cul-de-sac
- 35 Pierrepont Street — Mortimer E. Freehof's 1929 co-op; prewar peer with attended-service tradition
- 145 Hicks Street — the corridor's large 1930s Colonial Revival co-op; the scale alternative
- 130 Hicks Street — the corridor's postwar counterpoint, two blocks north
- 129 Columbia Heights — Frank L. Lowe's 1907 Beaux-Arts co-op; the district's other first-generation apartment house
- 160 Columbia Heights — A. Rollin Caughey's Art Moderne building on the bluff; the harbor-view alternative
- 100 Remsen Street — Caughey's postwar co-op nearby, structured as a leasehold
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 Casino Mansions?
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 Casino Mansions 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.