344 Degraw Street
344 Degraw Street, Brooklyn, NY 11231
Carroll Gardens, Brooklyn
BBL 3004217501 · BIN 3348504
- Year built
- 2000
- Type
- Condominium
- Units
- 26
- Floors
- 6
- Landmark
- No
Every recorded sale at this building, 2005–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,540
- Listing discount
- 1.7%
- Recorded sales
- 51
- On record
- 2005–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 344 Degraw 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.
Carroll Gardens is a row-house neighborhood with two historic districts near it and almost no purpose-built apartment stock between them. 344 Degraw Street belongs to the small group of buildings that changed that, and it belongs to the earliest part of it. The Department of Finance dates it to 2000; the engineering record of its later façade work says 2002; the first unit deeds hit the public record in 2003. Whichever of those you take, this is a first-wave building — put up before the wave of 2010s infill that produced most of the neighborhood's condominium inventory, and before the design vocabulary of that wave existed.
Its position on the map is the second thing to understand. The building sits mid-block on the south side of DeGraw Street between Court and Smith, which is the seam of the neighborhood. Cobble Hill's historic district is immediately north and west; Carroll Gardens' historic district, covering Carroll and President between Smith and Hoyt, is to the south and east. 344 Degraw Street is inside neither, which means it takes the benefits of both neighborhoods — Court Street a block and a half west, Smith Street a block east, two subway options within a comfortable walk — while its own exterior work runs through the Department of Buildings alone. On a building with an envelope like this one's, that is not a small advantage.
The balconies are the building's signature and the reason to look at it. Private outdoor space in a Carroll Gardens apartment normally means a garden unit in a row house or a penthouse terrace in a new building. A 26-unit condominium with balconies on multiple lines is a different proposition, and it is the feature that has kept the building in demand through two decades of resales.
The balconies are also the reason the building's most important recent history is an envelope project. The engineering record of that work is unusually detailed and reads like a description of exactly what goes wrong with a brick-and-precast building of this generation. The scope covered brick repairs and replacement of masonry courses at the balcony slabs, replacement of precast concrete sills and window heads, concrete edge repairs, repointing, steel lintel preparation and painting, replacement of the sixth-floor balcony canopy with its gutter and leader system, restoration of the balcony railings and replacement of the parapet railings, complete replacement of the roof membrane and flashing, and repair of cracks in the cellar floor. The stated purpose was to remediate water infiltration and deteriorated envelope conditions throughout the building.
A buyer should read that in the right register. Water infiltration at balcony slabs and precast sills is a known failure mode in turn-of-the-millennium construction — the details that fail are the ones at every horizontal interruption in the wall — and the fact that this condominium engaged a specialist firm and did the work comprehensively rather than patching it is a point in the building's favor, not against it. What matters now is the paperwork: when it was done, what it cost, how it was funded, what the warranty position is, and whether any of the conditions have recurred. Ask for the engineer's report, the board minutes covering the project, and the assessment history. That file is the deal here.
Architecture and unit composition
Six stories on the Department of Finance rolls — with the engineering record describing a seven-story structure, a discrepancy the certificate of occupancy will settle — carrying about 26,700 square feet of building area across 26 apartments on a 12,500-square-foot lot with 125 feet of frontage. That works out to roughly 1,025 gross square feet per apartment, which is a comfortable average for a small Brooklyn condominium and consistent with a building whose recorded unit deeds run across lines A through E on each floor plus a small number of single-lettered units on the lower floors.
The construction is brick masonry with precast concrete sills and window heads, concrete at the balconies and parapets, and concrete masonry unit backup — a period assembly, and one whose maintenance profile is well understood. There is no commercial area on the tax roll, which keeps the condominium's economics purely residential and simplifies both the budget and a lender's analysis.
The building carries roughly 2.13 FAR against an R6B residential maximum of about 2.00, which places it slightly above what the contextual district would permit today and confirms that it predates the current envelope. There is no development-rights story here.
Because the property is outside both historic districts, alterations proceed through the board of managers and the Department of Buildings. Windows, balcony work and façade repair here do not require Landmarks review — which, given the envelope history, has saved this condominium a meaningful amount of time and money.
Building operations
A 26-unit condominium is a small operating entity, and every capital decision it makes lands on a narrow base. The condominium's Department of Housing Preservation and Development registration names New Way Management as managing agent for the current cycle and records the corporate owner as Carroll Gardens Condominium.
The operating diligence list is short and specific. Request three years of financial statements, the current budget, the reserve balance and the assessment history — the last of these being especially important given the scale of the envelope work. Ask what staffing the building carries and on what schedule, since a building this size may run on a part-time superintendent or a service contract rather than a full-time employee. Ask for the elevator's maintenance and modernization history, the roof warranty following the membrane replacement, and the current insurance certificate.
In a condominium there is no underlying mortgage to underwrite, which simplifies the analysis and removes a cushion at the same time: capital work is funded from reserves, assessments or a condominium loan rather than from a refinancing. In a building that has already run one major envelope project, the reserve position and the board's funding philosophy are the two things worth understanding before you make an offer.
Policy framework
Transfers: Condominium. Sales run through the board of managers' waiver of a right of first refusal rather than a board approval process, which is the practical reason units here close faster than cooperative apartments nearby. Confirm the current waiver procedure and turnaround time.
Leasing: Not documented in the records reviewed. Ask for the current rental policy, including any minimum lease term or cap on rented units.
Balcony maintenance: Ask specifically how the by-laws allocate maintenance and repair of the balconies and railings between the unit owner and the condominium. In a building whose balconies have already required structural work, this is the allocation that matters most.
Alterations: Board of managers approval plus Department of Buildings permits. No Landmarks review.
Pets, move-in fees, common-charge structure: Not documented in the records reviewed. Request the current house rules and the by-laws.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 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 record last verified September 2026.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Nov 20, 2025 | 6A | 2 BR · 2 BA · 1,132 sf | $1,955,000 | $1,727/sf | -9.1% |
| Sep 5, 2025 | 4A | 2 BR · 2 BA · 875 sf | $1,115,000 | $1,274/sf | -6.7% |
| Jan 5, 2024 | 2D | 2 BR · 2 BA · 815 sf | $1,010,000 | $1,239/sf | +0.0% |
| Apr 20, 2023 | 4A | 2 BR · 2 BA · 780 sf | $999,999 | $1,282/sf | -14.9% |
| Aug 11, 2022 | 6A | 2 BR · 2 BA · 1,134 sf | $1,865,000 | $1,645/sf | off-mkt |
| Nov 17, 2021 | 2A | 2 BR · 2 BA · 800 sf | $980,000 | $1,225/sf | -0.5% |
| Oct 8, 2021 | 3E | 2 BR · 2 BA · 850 sf | $999,000 | $1,175/sf | +11.1% |
| Mar 31, 2021 | 1C | 2 BR · 2.5 BA · 1,592 sf | $1,100,000 | $691/sf | -8.3% |
Market read. Most recent trades (2025) cleared a median $1,540/sf across 2 sales. Median listing discount 1.7% 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 3-00421-7501) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Get the façade restoration file first. The engineer's report, the board minutes covering the project, the cost, how it was funded, and any warranty. Everything else in the diligence is secondary to this.
Confirm the balcony maintenance allocation in the by-laws. Who repairs the slab, who repairs the railing, and who pays. In this building that is not an academic question.
Confirm the floor count and the unit's floor from the certificate of occupancy. The Department of Finance says six stories; the engineering record describes seven. The certificate of occupancy settles it.
Read the reserve balance and the assessment history together. A 26-unit condominium with no underlying mortgage funds capital work from reserves, assessments or a loan. Know which one this board uses.
Understand the district position. Outside both historic districts means no Landmarks review on your window or balcony work — and no district-level protection over what gets built on the block.
What to know if you’re selling
Lead with the balcony. Private outdoor space at an apartment price in Carroll Gardens is the listing's strongest single line.
Present the envelope work as an asset, with documents. A completed comprehensive restoration by a specialist firm is a selling point when the report, the invoices and the funding history are on the table, and a source of buyer anxiety when they are not.
Name the location precisely. DeGraw between Court and Smith, a block from Smith Street, a block and a half from Court, with two subway options in walking distance and Cobble Hill immediately north. That geography is the reason the building holds value.
Have the condominium package ready before the first offer. Financials, current budget, reserve balance, assessment history, house rules, rental policy, the waiver procedure, the façade file and the alteration approvals for work done to the apartment.
Comparable buildings
If you're considering 344 Degraw Street, also evaluate:
- 345 Carroll Street — 32-unit Carroll Gardens condominium of the following generation; the closest tenure-and-scale comparison
- 291 Union Street (Sackett Union) — the neighborhood's larger new-construction condominium, with parking and a rooftop
- 145 President Street — boutique new-construction condominium at the neighborhood's western edge
- 501 Hicks Street — 34-unit Cobble Hill condominium; the same product one neighborhood north
- 58 Strong Place (The Landmark at Strong) — Cobble Hill church conversion in condominium form
- 401 Hicks Street (The Arches at Cobble Hill) — Cobble Hill condominium with parking
- 450 Clinton Street — the Old Westminster Church cooperative on the First Place garden block; the co-op comparison
- 214 Clinton Street — 35-unit Cobble Hill prewar cooperative; the tenure alternative
- 358 Court Street — the South Congregational Church complex on Court Street
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 344 Degraw Street?
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