422 State Street
422 State Street, Brooklyn, NY 11217
Boerum Hill, Brooklyn
BBL 3001780025 · BIN 3000710
- Year built
- 1912
- Type
- Cooperative
- Units
- 20
- Floors
- 5
- Landmark status
- Requires confirmation
- City records and our profile differ. Confirm with building management.
- Pets
- Pets permitted; species and limits not stated
Every recorded sale at this building, 2004–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2025
- $1.1M
- 4 qualifying sales
- Recent range
- $935K – $1.5M
- Listing discount
- -5.2%
- Recorded transfers
- 41
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 422 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.
The building is a Boerum Hill comeback story, told in public records. By the mid-1970s 422 State Street was abandoned. ACRIS records the City of New York taking title through the Finance Administration in 1976 and selling the building in 1977 to a development corporation, with the City holding the purchase-money mortgage. When the co-op plan was filed in 1980 the building had been vacant for roughly five years, and the plan said so plainly: the prior three-year operating statement was "irrelevant" because the building had been "abandoned and vacant."
The sponsor, who bought in October 1979, gut-renovated the building into 20 new Class A apartments. The work covered new plumbing, electrical and heating systems, a new roof, rebuilt parapets and a new elevator. The whole building was offered at $1,214,500 in cash against $600,000 of mortgage debt, and title passed to State Hill Housing Corp. in June 1981. The conversion ran alongside the 1979–81 conversion of the 423–443 Atlantic Avenue factory complex on the same tax block.
Forty-five years later the co-op is a small, self-governing, elevator building in a neighborhood where most of the housing stock is walk-up. Shares change hands to unrelated buyers through recorded share transfers, the corporation is not an HDFC, and the offering carried no income or resale restrictions.
Architecture and unit composition
The building fills a 50-by-100-foot lot with brick bearing walls and wood joists and girders. It is five stories over a garden floor, attached to its neighbors at the front. As offered, each floor held four corner apartments. The first-floor units extended into the garden level as duplexes, and the two rear duplexes each received exclusive use of half the backyard and the adjoining side yard. The plan offered one-bedroom, two-bedroom and three-bedroom layouts, several with one and a half or two baths. The roof was originally common area not meant for shareholder use. The corporation has since built a shared deck, rebuilt under a 2010 permit as a larger steel-framed structure with planters.
Interiors are prewar in scale, with separate rooms and flexible layouts in which one room can serve as a bedroom or a living room. They were modernized at conversion and again apartment by apartment since. DOB records show kitchen and bath renovations, a split-system air conditioning installation and a 2013 first-floor renovation.
The building sits outside the historic districts, so façade and window work require only board and DOB approval.
Building operations
State Hill Housing Corp. is professionally managed. The capital picture, per the audited statements on file:
Debt. The corporation refinanced in December 2012 with a $512,000 mortgage at 4 percent maturing January 1, 2023, plus a $100,000 credit line. ACRIS records a January 2022 consolidation with the same lender at $780,000, ahead of that maturity. Ask for the current rate, term and balance.
Reserves. At year-end 2020 the corporation held about $200,000 in operating cash and a small dedicated reserve. It had no reserve study. The statements say capital needs will be met by borrowing, maintenance increases or assessments, and special assessments were a recurring revenue line in 2019 and 2020.
Recent work. A partial parapet reconstruction was filed in 2018. A subcontractor's mechanic's lien tied to that job was resolved in February 2021. Board materials from 2007 record a façade refurbishment and a structural assessment that flagged fifth-floor support beams for reinforcement. Confirm that work was completed and signed off.
The 2018 house rules are specific and practical. Work and moves are allowed weekdays 9 to 5 only. Carpeting over 80 percent of floor area is recommended and can be enforced in noise disputes. Shareholders must carry homeowner's insurance. Window AC units over 20,000 BTUs need board approval, and through-wall sleeves are prohibited. Exterior window repair and replacement is a corporation expense.
Policy framework
Purchaser review: Full board approval. The purchase application goes through the managing agent to the board's admissions committee, followed by an interview. The package requires two years of tax returns, recent bank and pay statements, the contract, a mortgage commitment, landlord or board references, personal and business references, and résumés for each proposed shareholder. Application and per-applicant credit-check fees apply.
Subletting: Requires consent under the proprietary lease. Current term limits and fees must come from the managing agent.
Flip tax: In place, per the audited statements. Confirm rate, basis and who pays.
Financing ceiling and post-closing liquidity: Not documented in the materials reviewed. Confirm both at offer stage. In a 20-unit building with a modest reserve, expect the board to look closely at liquidity after closing.
Pied-à-terre, trust and LLC purchases, co-purchasing: Not addressed in the documents on file. Confirm with the managing agent before structuring an offer around any of them.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Maintenance, per room
- $332 per room 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, 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.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
422 State Street trades as a prewar elevator co-op in Boerum Hill, priced per room against the neighborhood's walk-up co-op and brownstone floor-through stock. The elevator, the roof deck and the garden duplexes carry the premium. Maintenance and assessment levels carry the discount. With 20 apartments, turnover is thin, a few sales a year at most, and any single sale can move perceived pricing. Recorded share transfers have been steady and at open-market levels: several a year from 2021 through 2023, and three in 2025. 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 |
|---|---|---|---|---|---|
| Oct 15, 2025 | 6 | 2 BR · 1.5 BA | $1,350,000 | +8.0% | |
| Jun 13, 2025 | 10 | 3 BR · 1.5 BA | $1,500,000 | +22.4% | |
| Jan 8, 2025 | 20 | 2 BR · 1 BA | $1,210,000 | +5.2% | |
| Jan 12, 2023 | 17 | 2 BR · 1 BA | $950,000 | +0.5% | |
| Jan 5, 2023 | 13 | 2 BR · 1 BA | $935,000 | +1.1% | |
| Dec 14, 2022 | 1 | 1 BR · 1 BA · 607 sf | $555,000 | $914/sf | -6.7% |
| Jan 12, 2022 | 9 | 2 BR · 1 BA | $899,000 | +0.0% | |
| Jan 5, 2022 | 8 | 2 BR · 1.5 BA | $900,000 | +1.7% |
Market read. $/sf is measured on the latest sales with reliable square footage (2022): a median $914/sf (recorded) across 1 sale. The building has traded as recently as 2025. 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jan 27, 2005 | 9 | $390,000 |
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 3-00178-0025). 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 422 State Street and nearby.
At the recent median sale of $1.35M (3 transfers in the past 24 months, since November 10, 2024), a buyer putting 25% down would pay about $27,113 to close, or 2.0% of the price.
- Mansion tax: $13,500
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $13,613
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Read the debt and the reserve together. The 2022 refinancing pushed out the old maturity. Get the new terms and the current reserve balance, and ask whether an assessment is running.
Ask about the fifth floor. If you're buying on the top floor, ask for evidence that the beam reinforcement flagged in 2007 was completed.
Price the garden duplexes separately. The rear first-floor lines come with exclusive-use yards and garden-level space. They are a different product from the upper-floor flats.
Plan for a full package. The application list is long and specific. Assemble it before the contract is signed.
What to know if you’re selling
Lead with the elevator and the roof. An elevator and a shared roof deck are scarce in Boerum Hill's co-op stock. Put both first in the listing.
Have the capital story ready. Buyers' attorneys will ask about the mortgage, the reserve, the parapet job and assessments. Clean answers from the managing agent keep the deal moving.
Correct the landmark assumption. The building is not in the historic district. That is an advantage for renovation, and buyers should know it.
Comparable buildings
If you're considering 422 State Street, also evaluate:
- 423 Atlantic Avenue (The Ex-Lax Building): 1979–81 loft co-op conversion on the same tax block; the neighborhood's other conversion from those years
- 166 State Street: 20-apartment walk-up co-op on State Street's western end; the same size without an elevator
- 11 Schermerhorn Street: 29-unit prewar elevator co-op near Court Street; the closest like-for-like
- 177 Amity Street: 15-unit early-twentieth-century co-op in Cobble Hill
- 175 Amity Street: 17-unit 1900 apartment-house co-op next door
- 214 Clinton Street: 35-apartment prewar walk-up co-op at Pacific Street
- 96 Schermerhorn Street (Boerum Court): larger institutional-conversion co-op in Downtown Brooklyn
- 77 Livingston Street: 238-unit co-op; the high-count alternative nearby
More Boerum Hill buildings
- 395 Atlantic Avenue, 395 Atlantic Avenue · Boerum Hill — condominium
- 402 Pacific Street — 1851 condominium
- 413 State Street — 1900 co-op
- 423 Atlantic Avenue (The Ex-Lax Building) — 1925 co-op
- 433 Warren Street, 433 Warren Street · Boerum Hill — 2006 condominium
- 436 State Street — 1910 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Boerum 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 422 State Street?
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