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
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.
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 closings 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 |
|---|---|---|
| Dec 2, 2025 | 6A | $1,955,000 |
| Sep 26, 2025 | 4A | $1,115,000 |
| Jan 23, 2024 | 2D | $1,010,000 |
| Jun 12, 2023 | 6C | $1,735,000 |
| Apr 26, 2023 | 4A | $999,999 |
| Aug 30, 2022 | 6A | $1,865,000 |
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.
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
Considering a move at 344 Degraw Street?
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