38-44 State Street
38-44 State Street, Brooklyn, NY 11201
BBL 3002580131 · BIN 3002261
- Type
- Condominium
- Landmark
- In a historic district
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 38-44 State 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.
Five condominiums averaging about 4,750 square feet each is a boutique program with large residences. The building reuses a Brooklyn Heights Historic District structure with a documented transit history, with a restored base and new brick-clad floors above.
The DOB filing is an alteration-conversion of existing elements into a new five-story building. Because the base is retained inside a historic district, the exterior is subject to Landmarks Preservation Commission review.
What's planned
Renderings prepared by The Brooklyn Studio for the Landmarks Preservation Commission show the restored base and new brick-clad stories above it. Plans call for a landscaped forecourt and a below-grade parking garage. The DOB file also shows a curb-cut application for the garage entry.
The LPC filing describes the program as five single-family homes. Published construction reporting describes them as condominium units. The unit mix, finishes, amenities and interior designer have not been published; confirm them in the offering plan once filed.
Timeline and filings
- June 17, 2025: LPC public hearing on the proposal to take the building from one story to five stories plus basement at 50 feet.
- June 27, 2025: DOB application filed (job B01241649) to adapt and reuse the existing garage as a five-unit, five-story building.
- September 2025: The developer acquired the site from the Wolfe family for $15 million and closed a $33 million loan from S3 Capital, per published reporting. A sprinkler filing for the five-unit building followed.
- January 2026: Sidewalk-shed and curb-cut filings.
- September 2026: Superstructure topped out and scaffolding up for facade work, per published reporting.
- Spring 2027: Completion, as reported.
Offering and pricing
No condominium offering plan or pricing had been filed as of October 2026.
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What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 38-44 State 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.
What to know if you’re buying
- Reservations before plan acceptance are non-binding. The sponsor cannot sign purchase contracts until the Attorney General accepts the plan.
- Deposits are typically 10 to 20 percent, held in escrow.
- Closing costs. In sponsor sales the buyer customarily pays the transfer taxes, and the mansion tax applies at $1 million and above.
- Closing on a temporary certificate of occupancy is normal in new construction.
- Budget, common charges and tax abatement are set in the plan. With five units, ask how common-interest percentages are allocated and how board decisions are made.
- Landmark review. The building is in a historic district. Later exterior changes, including windows, terraces and rooftop installations, need LPC approval.
- Parking. Confirm in the plan how the below-grade garage is allocated or sold.
Comparable buildings
- 60 State Street — new-construction condominium in the historic district
- 199 State Street — new-construction condominium on State Street
- 166 Montague Street — landmarked bank building converted to condominiums
- 138 Pierrepont Street — bank-building condominium conversion
More Brooklyn Heights buildings
- 35 Clark Street — 1922 co-op
- 35 Pierrepont Street — 1929 co-op
- 38 Livingston Street (The Colonial) — 1914 co-op
- 39 Remsen Street (The Alden) — 1877 co-op
- 4 Water Street (Fulton Ferry Landmark Condominiums) — 1899 condominium
- 40 Clinton Street (Clinton Towers) — 1964 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Brooklyn Heights.
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 38-44 State Street?
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