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Cooperative · 1899
One of the surviving wings of the Hotel St. George
41 Clark Street, Brooklyn, NY 11201
Buildings·Cooperative

41 Clark Street

41 Clark Street, Brooklyn, NY 11201

Brooklyn Heights, Brooklyn

BBL 3002310017 · BIN 3001725

At a glance
Year built
1899
Type
Cooperative
Units
27
Floors
10
Landmark
Designated

41 Clark Street is a piece of the Hotel St. George that most people walk past without recognizing. The hotel that once ran to 2,632 rooms — the largest in New York City when Emery Roth's tower topped out in 1930 — was never a single building. It was eight attached structures around a courtyard, accumulated over forty-five years as Captain William Tumbridge bought his way across the block bounded by Clark, Hicks, Pineapple and Henry Streets. The ten-story building at the Clark-and-Hicks corner, dated 1899 in the LPC's district records, is one of those accretions, and it is the wing the cooperative's name still remembers: St. George Tower & Grill Owners Corp.

That name is the most consequential fact for a buyer here. 41 Clark is not an independent twenty-seven-unit co-op. It is one of two buildings owned by one cooperative corporation, the other being the thirty-story St. George Tower at 44 Pineapple Street. The corporation took title in November 1984, at the end of the campaign that turned the failed hotel back into housing, and has financed the two buildings together ever since — $11 million in 2008, $12.5 million in 2017, $20 million with Apple Bank in May 2023, each secured against both tax lots. A shareholder at 41 Clark holds stock in a corporation whose balance sheet, underlying debt, reserve, board and house rules span both addresses. That spreads fixed costs across roughly three hundred apartments rather than twenty-seven; in diligence it means every financial question must be asked at the corporation level.

The building's history is the hotel's history. Published accounts credit Montrose W. Morris — architect of the Alhambra and the Imperial in Bedford-Stuyvesant, and of 62 Montague Street — with the 1898–99 Clark Street work; the LPC leaves the field open, so the attribution belongs in the narrative rather than the record. After Tumbridge's son sold to Bing & Bing in 1922, Emery Roth carried the complex to its Jazz Age peak; the decline that followed left the block to be rebuilt piecemeal — co-op apartments in the Crosshall and Pineapple wings in 1982, the Tower and Grill converted and organized as this cooperative in 1984, a sixteen-alarm fire that destroyed the Clark Building at 51 Clark Street in 1995, and student dormitories in the wings never converted to ownership housing.

What remains at 41 Clark is an unusual proposition: prewar hotel-scale ceilings and window openings, in a mixed-use building on a commercial corner, at the door of the Clark Street express, inside the city's first historic district — with the financial substrate of a three-hundred-unit cooperative underneath it.

Architecture and unit composition

The building is a ten-story masonry block on a compact corner lot of roughly 2,900 square feet — narrow and tall by Brooklyn Heights standards, which is what hotel economics produced here in 1899 and what row-house development never would have. Its roughly 25,000 square feet across ten stories yields small floor plates and few apartments per floor, in masonry with terra-cotta trim: the turn-of-the-century commercial-hotel palette rather than the brownstone-and-brick vocabulary of the Heights' residential streets.

The apartments are hotel-conversion stock and behave like it — the ceiling heights and window proportions of 1899 hotel construction, laid out on the corridor logic of the original plan rather than the front-to-back arrangement of a purpose-built apartment house. The count has moved as apartments were combined; the 2015 certificate-of-occupancy amendment pins the current legal configuration, and a buyer's attorney should read it alongside the corporation's stock ledger. Value moves on exposure — Clark Street south, Hicks Street west, or the interior courtyard — floor, and renovation state.

Building operations

41 Clark is operated by St. George Tower & Grill Owners Corp. as one of the corporation's two buildings: audited financials, reserve, underlying mortgage, insurance and capital plan cover both addresses, so a capital project at the Tower is a 41 Clark shareholder's expense and vice versa. The $20 million refinancing recorded in May 2023 is the current underlying debt, and its terms belong in any serious carrying-cost analysis.

The capital record here is legible from public filings: Local Law 11 façade work on three elevations in 2011, and a 2020 campaign covering roof replacement and waterproofing, parapet rebuilding, sill replacement, terra-cotta repair and exterior masonry. For an 1899 masonry building in a historic district, façade cycles are the recurring item, and the 2020 work is recent enough to read as an asset rather than a liability. Current staffing and managing agent should be confirmed with management; The Roebling Team remains the contact of record for clients.

Recent sales

Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Jul 8, 20248CD$2,100,000
May 11, 202230$2,163,525

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00231-0017) 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

Underwrite the corporation, not the building. Read the audited financials, the 2023 underlying mortgage, the reserve and the capital plan as one document, because that is what they are.

Confirm the certificate of occupancy and the stock ledger. The 2015 amendment recorded conjunctive mixed uses and filings have moved between twenty-four and twenty-eight residential units.

Price the mixed-use corner honestly. Ground-floor commercial tenancies are income to the corporation and noise to the lower floors. Both are real.

The façade work is recent. LL11 repairs in 2011 and the 2020 roof, parapet, sill and terra-cotta campaign address the biggest recurring item on this envelope; confirm what remains outstanding.

The location is a genuine differentiator. The 2/3 express entrance sits inside the former hotel complex; the Promenade is three blocks west.

What to know if you’re selling

Explain the corporation up front. Buyers who discover the two-building structure in diligence get nervous; buyers told in the first showing understand it as scale and cost-sharing.

Lead with the St. George provenance. The largest hotel in New York, the Tumbridge expansions, the Morris and Roth chapters, historic-district protection — most Heights co-ops of this size have no story at all.

Document the capital record. The 2020 roof, parapet and terra-cotta campaign is a selling point; put the filings in the deal room.

Price per room against the Heights prewar set, then adjust for maintenance. Buyers at this scale run the underlying-debt arithmetic themselves. Get ahead of it.

Comparable buildings

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
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