The Mill, 376 President Street
376–402 President Street, Brooklyn, NY 11231
BBL 3004447501 · BIN 3347155
- Year built
- 1938
- Type
- Condop
- Units
- 55
- Floors
- 4
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Mill. The offering plan's title is "The Mill at President 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.
The Mill is one of the early industrial conversions in Carroll Gardens. In 1988 a New Jersey partnership took the factory buildings on President Street between Hoyt and Bond, which an upholstery manufacturer had owned until 1986, and turned them into a 54-apartment condominium with a garage in the cellar. That was two decades before the neighborhood's new-construction condominiums.
The plan explains the shape of the building. A three-story factory building was converted into a four-story residential building, with a new floor and mezzanines added. A one-story factory warehouse with a mezzanine became three two-story townhouse units, which the plan sized at roughly 1,400 to 1,570 square feet. A rear two-story building was taken down and replaced with a garden. The structure is heavy timber inside masonry bearing walls. That is where the building's mezzanines, duplexes and loft proportions come from, and why it reads differently from the row houses at the Hoyt Street end of the block.
The ownership record is simple and complete. The sponsor sold out by 1995. The garage unit, which the sponsor first meant to keep and run through an outside operator, has belonged to the condominium since 1994. That matters because the by-laws give the Garage Unit Owner separate voting and approval rights. Since the condominium owns the garage, those rights no longer sit with an outside party.
Architecture and unit composition
Apartment lines in ACRIS run from the first floor through the fourth. The second floor is the widest, with lines running to 2P. The three townhouse units, T1 to T3, were built out of the former one-story warehouse. Per the plan, each townhouse has its own washer and dryer and does not use the building's trash compactor. DOB filings over the years describe mezzanine decks, duplex apartments and several combinations, so layouts vary widely from line to line. Walk the specific apartment.
PLUTO carries a 19,100-square-foot lot with an irregular frontage. The by-laws describe about 12,100 square feet of land. The building totals about 67,800 square feet, including about 13,000 square feet in the garage unit. Treat the city's lot dimensions as approximate.
The plan provided individually metered gas service to each apartment. The garage unit is metered separately for water.
Building operations
Capital work on file with DOB. Façade restoration in 2008. Exterior renovations in 2014. Roof replacement in 2015. Replacement of the front door and steps in 2012. Replacement of the roof decking in 2006. A 2014 job replaced the fire-rated construction between the gas meter room and the lobby. Ask for the current Local Law 11 filing, the date of the last roof and façade work, and the reserve balance.
Tax history. The plan's projected budget assumed J-51 benefits for the conversion. The city's J-51 records show an abatement on every residential unit starting in 1989/90. It began as a 12-year term and was later carried at 14 years, ending in the early 2000s. A second, much smaller J-51 benefit began in 2006 with a 14-year term. The current DOF exemption roll (2020/21 through 2026/27) shows neither. Apartments pay full Class 2 condominium taxes.
Garage. The condominium bought the garage unit through an intermediate buyer in 1993–94 and took out a mortgage on it in 1995, which was satisfied in 2005, per ACRIS. How the garage is run today, who may rent a space and what it earns are questions for the managing agent. The answers affect the common charges.
Neighbor. ACRIS records a 2013 easement from the developer of 345 Carroll Street, the condominium on the Carroll Street side of the block, to President Street Condominium. Ask for a copy and what it covers.
Policy framework
- Right of first refusal: The board has a right of first refusal on every sale at the contract price. Per its written purchase procedures, it routinely waives it. The waiver is signed and held until closing.
- Buyer review: Buyers may review two years of board minutes and the audited financial statements, and must read and sign an affirmation of the declaration, by-laws, owners' handbook and house rules.
- Occupancy and use: An apartment may be used as a professional office only with the Residential Board's prior written approval, and that approval does not carry over to a new owner. Part of an apartment may not be sold or leased separately.
- Moves: The building has written move-in and move-out procedures.
- Pets, minimum lease terms, move and transfer fees: Not documented in the materials on file. The board's unit-transfer form asks about pets, so ask for the current pet policy in writing.
Recent sales
The Mill trades in the Carroll Gardens condominium resale market. It competes with the neighborhood's loft conversions more than with its brownstones or its post-2010 new construction. Condominiums are priced per square foot, and here the spread is wide: a mezzanine duplex or townhouse unit trades very differently from a single-level apartment facing the street. Two sales have closed in the last 24 months. The building has recorded deed transfers in almost every year since 1989, so there is a long resale record to work from. 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 |
|---|---|---|
| Jul 23, 2026 | 3D | $1,670,000 |
| Mar 3, 2025 | 4J | $1,650,000 |
| Jul 29, 2024 | 1B | $1,665,000 |
| Jun 28, 2024 | 4N | $1,585,000 |
| Mar 27, 2024 | 3K | $1,400,000 |
| Mar 30, 2022 | 2G | $1,268,000 |
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 3-00444-7501) 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.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with The Mill. The offering plan's title is "The Mill at President Street" and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings likeThe Mill. The offering plan's title is "The Mill at President Street". Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Confirm what the unit is on paper. Combinations and mezzanines are common here. Check that the tax lot, the square footage in the declaration and the DOB record all match the apartment you are buying.
Ask about the garage and the reserve. The condominium owns a 35-car garage. Its income and costs flow into the budget, and it is a capital item in its own right.
There is no tax exemption to lose. The J-51 benefits have run out, so the current tax bill is the real one.
What to know if you’re selling
Lead with the building's history. A heavy-timber factory building, converted in 1988 with mezzanines and townhouse units, is the reason to choose this building over a newer one nearby. Say so in the listing.
Get the ROFR waiver and common-charge letter moving early. The board's procedures are written down and routine. Follow them from contract signing and the closing will not wait on paperwork.
Comparable buildings
If you're considering The Mill, also evaluate:
- 345 Carroll Street: the 2015 low-rise condominium on the Carroll Street side of the same block
- Court Street Lofts (505 Court Street): a Carroll Gardens condominium converted from a 1918 industrial building
- 358 Court Street: a Carroll Gardens condominium converted from a church complex
- 450 Clinton Street: a 1986 church conversion in Carroll Gardens, held as a co-op
- 11 Sterling Place (Sterling Court): a 1986 condominium conversion of a prewar industrial building in Park Slope
- 270 Fifth Street (The Milk Factory): an industrial-to-residential loft conversion in Park Slope
- 444 12th Street (Ansonia Muse): an industrial loft conversion held as a condominium
- 443 12th Street (Ansonia Storage Warehouse): a warehouse loft conversion held as a co-op, for buyers weighing tenure
More Carroll Gardens buildings
- 480 Degraw Street — 2017 condominium
- 492 Henry Street (Henry Street Mews) — 1928 condominium
- 93 Rapelye Street (The Maritime) — 2004 condominium
- Court Street Lofts (505 Court Street) — 1918 condominium
- Sackett Union (291 Union Street) — 2008 condominium
- The Terraces at Court Street (529 Court Street) — new-construction condominium by Kutnicki Bernstein Architects
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Carroll Gardens.
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 Mill. The offering plan's title is "The Mill at President Street"?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.