251 South 3rd Street
251 South 3rd Street, Brooklyn, NY 11211
Williamsburg, Brooklyn
BBL 3024217502 · BIN 3412132
- Year built
- 2013
- Type
- Condominium
- Units
- 10
- Floors
- 6
- Amenities
- Elevator and a shared roof deck, per listing records. The building has no doorman
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Dogs and cats
- Permitted
- Washer/dryer
- Permitted
- Doorman
- No doorman
Every recorded sale at this building, 2005–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,187
- 1 sale
- Listing discount
- 0.5%
- Recorded sales
- 22
- On record
- 2005–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 251 South 3rd Street 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.
251 South 3rd Street is a ten-apartment elevator condominium with a roof deck and a community-facility unit at its base, on a Southside block of three- to six-story prewar walk-ups.
The building took almost six years to finish. The DOB application was filed in August 2007, and the temporary certificate of occupancy came in May 2013. The city's 2008 date is from the construction period. The records we reviewed do not say why it took so long. The condominium declaration was recorded the same month the certificate issued, and the sponsor closed all ten residences between June and September 2013.
The tax bill is the main number to underwrite. The 15-year 421-a exemption is in its last year: a fifth of the benefit is left on the 2026/27 roll, and it expires June 30, 2027. The biggest step-ups have already happened, but price an apartment here on the full bill, not the current one.
Architecture and unit composition
The building. DOB records a six-story, 55-foot new building of about 13,000 square feet on a lot of about 3,700 square feet. No design architect is named in the DOB or LPC records we checked.
The residences. The unit designations in ACRIS and the Department of Finance roll give the layout. There is one residence on the first floor (1B), two on each of floors two through five (A and B), and one on the sixth floor (6A). Department of Finance unit areas are about 805 to 820 square feet for most of the A and B units, about 900 square feet for 6A, about 1,210 square feet for 1B and about 1,370 square feet for 5A. Some listing records call 5A a penthouse. Floor plans and bedroom counts for each line should be confirmed from the unit's own records.
The community-facility unit. The rest of the basement and first floor is a separate condominium unit (lot 1101) of about 1,170 square feet, taxed in class 4. The 2014 certificate of occupancy described that space as a non-commercial recreation center. A 2017 amendment (DOB job 321476639) reclassified it as community facility. The sponsor sold the unit in April 2017 to a separate company. It is not a residence and does not count toward the ten.
Building operations
Taxes. Every lot in the condominium carries Department of Finance exemption code 5113, "421A 15 YR NO CAP." It has a 2007 base year and a 2012/13 benefit start. 421-a exempts the value a new building adds over the value of the lot before construction. On this building, that means nearly all of the assessed value. The benefit was at 100 percent through 2022/23 and has since stepped down by a fifth each year. The roll shows 80 percent in 2023/24, 60 percent in 2024/25, 40 percent in 2025/26 and 20 percent in 2026/27. On the current roll the exemption covers about 19 percent of each residence's assessed value. When it ends, that value becomes taxable too. Assessments can still change on revaluation, so get the current bill and model the 2027/28 bill with no exemption.
No affordable-housing requirement. The benefit dates from a 2007 preliminary certificate and runs the standard 15-year term. Nothing in the exemption record or ACRIS points to affordable units inside the condominium, and all ten residences sold at the sponsor stage to separate buyers.
Sponsor position. The recorded historical sales should be reconciled with current title before concluding that no sponsor-held residences remain. It sold all ten between June and September 2013, per ACRIS, and sold the community-facility unit in 2017. Since then the residences have resold several times to differently named buyers; names alone do not establish unrelated beneficial ownership.
Management. Ten apartments and one non-residential unit share a small budget. Get the current budget, reserves, assessment history, and the roof and elevator records from the managing agent.
Pets and in-unit washer/dryer
- Dogs and cats
- PermittedSource: The Roebling Team's building profile
- In-unit washer/dryer
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Building staffing and amenities
- Doorman
- No doormanSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Roof deckSource: 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.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
251 South 3rd Street trades as boutique new-construction condominium product, priced in dollars per square foot. The small A and B line apartments set most of the reference points, and the larger 1B and 5A units trade on their size. Resales have recorded steadily since 2015, so the building has its own resale comparables and does not rely on the 2013 sponsor prices.
For a comparison indexed to 2025 as the last complete year, match Southside sales east of the BQE with Northside and waterfront sales by size, condition, floor and carrying costs before assigning a relative price tier. With the abatement ending, buyers in 2026 and 2027 will compare this building against fully taxed ones.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 30, 2026 | PHA | 3 BR · 2 BA · 1,369 sf | $1,625,000 | $1,187/sf | -4.4% |
| Dec 18, 2025 | 5B | 2 BR · 1 BA · 805 sf | $1,200,000 | $1,491/sf | -2.0% |
| Sep 22, 2023 | 6A | 2 BR · 1 BA · 931 sf | $1,289,500 | $1,385/sf | -0.4% |
| Aug 3, 2021 | 3A | 2 BR · 1 BA · 815 sf | $910,000 | $1,117/sf | -4.1% |
| Dec 10, 2018 | 2B | 1 BR · 1 BA · 806 sf | $940,000 | $1,166/sf | -0.9% |
| Oct 25, 2018 | 1B | 1 BR · 1,213 sf | $1,060,500 | $874/sf | +0.0% |
| Aug 31, 2017 | 5B | 2 BR · 805 sf | $968,000 | $1,202/sf | -0.7% |
| Jul 18, 2017 | 2A | 1 BR · 819 sf | $882,500 | $1,078/sf | -1.4% |
Market read. Most recent trades (2026 to date) cleared a median $1,187/sf (recorded) across 1 sale. Median listing discount 0.5% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 3-02421-7502; each condominium apartment is its own tax lot). 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; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 251 South 3rd Street and nearby.
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.
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What to know if you’re buying
Underwrite the full tax bill. The 421-a benefit ends June 30, 2027. Run True Monthly Carrying Cost on the tax bill with no exemption, not the current bill.
Confirm the house rules directly. No offering plan was found in the libraries we checked. Pet, leasing and alteration rules, and any right of first refusal, come from the declaration and by-laws. Get them from the managing agent.
Ask about the community-facility unit. It is under separate ownership at the base of the building. Find out what it is used for, how much of the common charges it pays, and whether any change of use is planned.
Comparable buildings
If you're considering 251 South 3rd Street, also evaluate:
- 242 South 1st Street — a 23-residence Southside conversion two blocks north, fully taxed
- 150 South 1st Street — a 2003 Southside condominium whose 421-a is also phasing out
- 98 Havemeyer Street — three small condominium buildings up Havemeyer, with a 25-year 421-a in its final phase-out
- 46 South 2nd Street — a 23-residence Southside condominium with an active 25-year 421-a
- 275 Manhattan Avenue — a 14-residence condominium east of the BQE with an active 25-year 421-a
More Williamsburg buildings
- 242 South 1st Street (Lofts1) — 1911 condominium
- 249 Withers Street — condominium
- 25 Conselyea Street — 1899 condominium
- 256 North 9th Street — 2022 condominium
- 258 Richardson Street, 258 Richardson Street and 252 Richardson Street — 2005 condominium
- 26 Broadway, Brooklyn (Bridgeview Towers) — 2006 condominium
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 251 South 3rd Street?
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