385 Clinton Avenue (The Richelieu)
385 Clinton Avenue, Brooklyn, NY 11238
Clinton Hill, Brooklyn
BBL 3019610032 · BIN 3055995
- Year built
- 1897
- Type
- Cooperative
- Units
- 16
- Floors
- 4
- Landmark status
- Not an individual landmark; in the Clinton Hill Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Flip tax
- Tiered or formula; see fees
The Richelieu, per the LPC's building records sales history: 18 recorded transfers
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2024–2026
- $1.6M
- 2 qualifying sales
- Recent range
- $1.5M – $1.9M
- Listing discount
- -1.6%
- Recorded transfers
- 18
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Richelieu, per the LPC's building records 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.
Clinton Avenue was a street of freestanding mansions when this building went up, and it is one of the few apartment houses the avenue got in the 1890s. The 1897 filing described two four-story buildings on the corner lot. Holmberg's design reads as a single building, with entrances on both avenues and one continuous brick front turning the corner onto Greene. It predates the district's better-known apartment houses by little or nothing: 275 Clinton Avenue, The Clinton, is also an 1897 building.
The real draw is scale. The Richelieu is a 16-apartment elevator co-op inside a historic district. Nearly everything around it is a row house or a converted walk-up. An elevator in a building this small is rare in the district's co-op stock, and it widens the buyer pool well beyond what a four-story walk-up draws.
For underwriting, three facts carry the page. The building is fully landmarked, so exterior work runs through the LPC. It carries no J-51, so no tax benefit is going to burn off and raise the tax line. And the unit count in public records is wrong, so share allocations should come from the corporation, not from PLUTO.
Architecture and unit composition
The LPC classifies the building as Romanesque Revival in Roman brick. The façade has stone banding, quoining at the corners, a bracketed cornice and column-framed entrances on both frontages. The corner siting gives most lines two exposures.
Layouts track the original plan more closely than in most converted buildings. A 1903 HPD record for a Greene Avenue unit shows rooms opening off a central hall: parlor, study, dining room and bedrooms. Current layouts on file in listing records keep that arrangement, with pocket doors, picture rails, mantels and some stained glass. At least one line has no bedroom closets. Unit letters run by compass point (N, E, S, W, with L and R designations in older city filings). Top-floor units have roof access, and listing records report at least one approved private roof-deck plan. Whether roof rights attach to specific shares, and on what terms, has to be confirmed in the proprietary lease.
Building operations
Department of Buildings records show a 2015 boiler and burner replacement that converted the plant from No. 2 oil to dual-fuel oil and gas, with a new gas service. Other filings cover apartment-level kitchen and bath renovations from 2002 onward. ACRIS shows an underlying mortgage recorded in 2003. The reviewed index does not establish its current balance or maturity. Obtain the recorded loan instruments and current debt schedule, and reconcile them with the financial statements.
Policy framework
The only policy points in circulation come from listing records, not from building documents: a 2 percent flip tax and no dogs. Neither is confirmed by a document on file. Board package requirements, financing ceiling, sublet policy, pied-à-terre and trust or LLC purchases are undocumented publicly and must come from the managing agent.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Listing records report 2 percent. Confirm the current rule with the managing agent
Source: The Roebling Team's building profile
Purchase
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $750 | Refundable Non-refundable |
| Expedited Application FeeConditional | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Screening FeePer applicant | Paid by Buyer | When With the application | Amount $125 per applicant 18+ | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When At closing | Amount $500 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When At closing | Amount $500 | Refundable Refundable |
Sublet
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $650 | Refundable Non-refundable |
| Expedited Application FeeConditional | Paid by Subtenant | When With the application | Amount $500 if applicable | Refundable Not stated |
| Screening FeePer applicant | Paid by Subtenant | When With the application | Amount $125 per applicant 18+ | Refundable Not stated |
| Sublet Fee | Paid by Shareholder | When Upon approval | Amount Equal to forty percent of the units maintenance fee for the term of the sublet. | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Shareholder | When Upon approval | Amount $500 | Refundable Refundable |
| Move In Deposit | Paid by Subtenant | When Upon approval | Amount $500 | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Maintenance, per room
- $225 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $1.08 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Roof deck, garden, bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Recent sales
The Richelieu trades as a prewar Clinton Hill co-op, priced per room rather than per square foot. The elevator, corner light and historic-district address are features to compare against walk-up co-ops; a premium requires matched sales. ACRIS shows transfers to different named buyers since the mid-2000s, typically one or two share transfers a year; the index does not by itself establish relationships between the parties or market-sale terms. The recorded larger north- and west-line sales sit at the top of the reviewed range. With only 16 apartments, any single year's comparables are thin, so line matters more than any building-wide average. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, from The Roebling Research Library. 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 |
|---|---|---|---|---|---|
| Sep 10, 2026 | 4W | 2 BR · 1 BA | $1,600,000 | +0.0% | |
| Jul 23, 2025 | 1N | 3 BR · 1 BA · 1,200 sf | $1,950,000 | $1,625/sf | +0.0% |
| Jun 28, 2024 | 2S | 3 BR · 1 BA · 1,500 sf | $1,495,000 | $997/sf | +3.1% |
| May 30, 2024 | 2W | 2 BR · 1 BA · 1,000 sf | $1,515,840 | $1,516/sf | +8.3% |
| Dec 23, 2021 | 3N | 3 BR · 2 BA | $1,772,000 | -1.3% | |
| Nov 3, 2021 | 1W | 2 BR · 1 BA | $975,000 | +0.0% | |
| Sep 24, 2019 | 1E | 2 BR · 1 BA | $925,000 | +15.6% | |
| Aug 8, 2018 | 4W | 2 BR | $1,325,000 | +10.4% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,625/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 0.0% from the last ask.
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 3-01961-0032). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Richelieu, per the LPC's building records and nearby.
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 Richelieu, per the LPC's building records and its market
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What to know if you’re buying
Underwrite the share count, not the unit count. City records say 19, 16 or 9 depending on the agency. Get the share allocation for the specific apartment from the corporation.
Ask for the financials early. A 16-unit corporation spreads every capital cost across few shareholders. Confirm the underlying mortgage balance and maturity, reserves, and any assessment history before you sign.
Plan exterior work around the LPC. Windows, roof decks and anything visible from either street need Landmarks review. Confirm whether the approved roof-deck plan cited in listing records is an LPC and board approval, and whether it transfers with the shares.
Confirm the rules in writing. Flip tax, pets, financing and subletting are reported only in listing records. Get the current policies from the managing agent before you price an offer.
What to know if you’re selling
Lead with the elevator and the corner. They separate this building from nearly every other small co-op in the district.
Have the board-package answers ready. Buyers in a small co-op ask about finances and rules first. A seller who can produce current financial statements, house rules and the flip-tax terms up front shortens the contract period.
Comparable buildings
If you're considering 385 Clinton Avenue, also evaluate:
- 275 Clinton Avenue: The Clinton, Edward Betts's 1897 apartment house at DeKalb Avenue; same era and district, larger
- 360 Clinton Avenue: the 1920s neo-Colonial co-op on the same avenue, inside the historic district
- 277 Washington Avenue: Francine Towers, a six-story prewar elevator co-op in the district
- 325 Clinton Avenue: the Clinton Hill Co-ops building at Lafayette Avenue
- 345 Clinton Avenue: the South Campus of the Clinton Hill Co-ops, on the same avenue
- 372 DeKalb Avenue: Clinton Mews, a larger Clinton Hill co-op in a converted shoe factory
- 320 Washington Avenue: The Graham, an 1851 landmark conversion, for the condominium alternative in the district
More Clinton Hill buildings
- 345 Clinton Avenue (Clinton Hill Co-ops, South Campus) — 1945 co-op
- 360 Clinton Avenue — 1928 co-op
- 367 Grand Avenue — 1875 condominium
- 388 Washington Avenue, 388 Washington Avenue · Clinton Hill — 1879 condominium
- 4 Downing Street — condominium
- 400 Grand Avenue — 1899 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Clinton Hill.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 Richelieu, per the LPC's building records?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com