The Park Pavilion, 372 15th Street
372, 376 and 380 15th Street, Brooklyn, NY 11215
BBL 3011047504 · BIN 3350114
- Year built
- 2005
- Type
- Condominium
- Units
- 30
- Floors
- 5
- Landmark
- No
- Flip tax
- Not documented in the materials on file
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Park Pavilion 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.
The Park Pavilion is three matching five-story buildings that function as one 30-apartment condominium. It sits midblock on 15th Street facing the 14th Regiment Armory, about a block and a half from Prospect Park. There is a shared gym, a shared back yard, and one board, one budget and one set of rules across all three addresses.
The tax position is simple, and it is an advantage. The 15-year 421-a ran from the 2006/07 tax year, phased down through 2020/21 and is gone. What a buyer sees on the current bill is the full tax. That makes this building easier to compare against the South Slope condominiums still in a phase-out, whose bills will keep rising.
Governance is spelled out. Sales and leases both go to the board under a right of first refusal. Leases must run at least six months and cover the whole apartment, and a leased unit pays a monthly surcharge. That rules out short-term rentals, and an investor buyer has to plan around the surcharge and the board's review.
The sponsor holds nothing. All 30 apartments closed to individual buyers between February and June 2005.
Architecture and unit composition
The three buildings occupy a 14,225-square-foot site with about 29,300 square feet of floor area, per PLUTO. Each building has two apartments per floor: the A and B lines at 372, C and D at 376, and E and F at 380. The Department of Finance roll gives a consistent stacking in all three buildings. The first-floor apartments are the largest, at about 1,340 to 1,570 square feet. Floors two through four run about 880 to 950 square feet. The fifth-floor apartments are the smallest, at about 630 to 685 square feet, and carry exclusive rights to the roof above. These are the city's gross figures; measure before relying on them.
The buildings have fire escapes, which the house rules close to smoking and to contractors moving materials. There is no parking. The shared back yard is limited to quiet use, with no grills and no pets.
The 14th Regiment Armory fills the opposite side of 15th Street, and the Park Slope Historic District Extension begins at Eighth Avenue. The Park Pavilion's own lot is outside the district, so exterior changes do not need LPC review.
Building operations
Common charges are allocated by the approximate square footage of each unit, per the audited statements.
Finances. The latest statements on file cover 2013 and 2014. They show a replacement fund of about $62,000 at the end of 2014. Common charges rose 15 percent in 2013 and 20 percent twice in 2014. The board also levied two assessments, doubling common charges for five months in 2014 and six months in 2015, to fund a roof replacement estimated at $107,000 to $115,000. Those figures are a decade old. Ask for the last two years of audited statements, the current reserve balance, and confirmation that the roof replacement was completed.
Elevators. The audited statements describe a maintenance contract for three elevators. The DOB public register shows no devices for the three BINs. Get the inspection certificates from the managing agent before contract.
Documents. The house rules' alteration agreement is adapted from a cooperative template and refers to "shareholders" and a "proprietary lease." The ownership is condominium: every apartment conveys by deed in ACRIS. Read the alteration rules as applying to unit owners.
Scale. At five stories the buildings are below the six-story threshold of the city's façade-inspection program (Local Law 11).
Recent sales
The Park Pavilion trades as mid-2000s South Slope condominium product, priced per square foot, with no parking and no abatement. The large first-floor units and the fifth-floor units with roof rights are distinct products from the mid-floor stock, and each should be priced against its own comparables. Against newer South Slope condominiums still carrying a 421-a, compare total monthly cost, because their taxes are still rising and these are not. Location is the other lever: a block and a half from the park, facing a landmark. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|
| Sep 9, 2025 | 2A | $1,330,000 |
| May 5, 2025 | 3A | $1,285,000 |
| Feb 7, 2024 | 4A | $1,295,000 |
| Jul 29, 2021 | 3A | $1,100,000 |
| May 12, 2021 | 4B | $1,095,000 |
| Dec 6, 2019 | 4A | $1,095,000 |
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 3-01104-7504) 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.
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
Use the tax bill you see. The 421-a is gone, so no scheduled increase is built in.
Get current financials. The documents on file show rising charges and assessments in 2013–2015 to fund a roof. Confirm how the reserve stands now.
Check the elevator record. Ask for current inspection certificates for all three elevators.
Plan around the leasing rules if you may rent the apartment later: six-month minimum, whole-unit only, board right of first refusal, and a $150 monthly surcharge.
What to know if you’re selling
Lead with the full-tax carrying cost. A buyer comparing abated buildings needs to see that this number will not rise because of an abatement ending.
Notify the managing agent before listing. The rules require it, and the board's 20-business-day right of first refusal starts only once it has a signed contract.
Market the setting. The armory across the street, the historic district at Eighth Avenue and the park a block and a half away belong in the first lines of the listing.
Comparable buildings
If you're considering The Park Pavilion, also evaluate:
- 279 Prospect Avenue — a 20-residence 2004 South Slope condominium by the same architect of record, with a 25-year 421-a ending in 2029
- 162 16th Street (The Vue) — a ten-story South Slope condominium from the same architect of record, abated to 2033/34
- 155 15th Street (Harbor Hill) — a 21-residence South Slope condominium whose 15-year 421-a ends in 2027
- 1638 Eighth Avenue — a 27-residence condominium with parking at the south end of the Slope, still abated
- 939 Union Street — a same-generation Park Slope condominium whose 15-year 421-a has also expired
- 251 7th Street — a 60-unit 2009 condominium on Fourth Avenue whose 421-a has run out
- 675 Sackett Street — a same-generation condominium still in a 25-year 421-a phase-out; the opposite tax position
- 228 13th Street — a 2023 South Slope condominium with no abatement, for newer-construction contrast
More Park Slope buildings
- 904 Union Street — 1910 co-op
- 910 Union Street (Park Union) — 1931 condominium
- Baltic Park Slope (613 Baltic Street) — 2016 condominium
- The Shinnecock, 939 Union Street — 2003 condominium
- The Vue, 162 16th Street — 2008 condominium
- Timber House (670 Union Street) — 2018 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Park Slope.
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 The Park Pavilion?
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