The Atlantic (457 Atlantic Avenue)
457–467 Atlantic Avenue, Brooklyn, NY 11217
BBL 3001797505 · BIN 3392991
- Year built
- 2004
- Type
- Condominium
- Units
- 21
- Floors
- 8
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Atlantic 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 Atlantic is a small, plain new-construction condominium on the Atlantic Avenue commercial strip, a short walk from the Atlantic Avenue–Barclays Center transit hub. Its appeal is location and scale more than architecture. Twenty-one apartments on seven residential floors means few neighbors, a light common-charge load, and a building whose finances a buyer can read in an afternoon. The trade-off is a commercial avenue out front, with the traffic, noise and street life that come with it.
It is also a sponsor-and-architect project. The offering plan lists the sponsor, 457-467 Atlantic LLC, at the same Seventh Avenue address as its architect, Van J. Brody Architects, and the sponsor sold the units itself. A two-stage filing record, first for 22 units and then for 21, and an eight-amendment plan show a building that took nearly four years to go from first filing to first closing. Sponsor closings then moved quickly: nearly all of the residential units closed between June 2008 and mid-2009, and the two commercial units followed in 2010.
For a resale buyer, three facts matter more than the history. The 421-a benefit is gone, so the current tax bill is the full bill. The plan gives the board no right of first refusal on sales or leases, which makes the condominium's own role in a transaction about as light as it gets in New York. And a Local Law 11 façade cycle has just been completed and financed, with a debt-service assessment still running into late 2027.
Architecture and unit composition
The building fills a mid-block Atlantic Avenue lot of about 7,470 square feet per PLUTO: ground-floor retail with cellar storage below, and seven residential floors above. The second through fourth floors carry four units each (A through D). Above that, lettered units thin out because duplexes stack across floor pairs. Listing records describe 4C, for example, as a three-bedroom duplex with double-height living space and two private outdoor areas facing south over Atlantic Avenue. Finishes described in listing records are the standard late-2000s Brooklyn specification: oak floors, stone kitchen counters, stainless appliances, porcelain-tiled baths.
Unit sizes on the Department of Finance roll run from roughly 500 square feet for the smallest studios to 1,340 square feet for the largest duplex. The plan measured units to the outside face of exterior brick and to partition centerlines, so the marketed figures are gross. Expect usable area to come in below them.
Building operations
This is a lean building to run. The plan's first-year budget covered elevator service, a part-time superintendent, management, insurance and utilities for the common areas. The commercial units carry a fixed 20.23 percent of common charges under the plan, a real offset for a 21-unit residential base. The commercial owners may run HVAC lines to equipment in a reserved area of the roof.
The main capital event on record is the Local Law 11 façade cycle recently completed. Listing records describe two assessments tied to it: a capital assessment that ran through May 2025 and a debt-service assessment through December 2027. The second implies the condominium borrowed to pay for the work. Ask the managing agent for the loan terms, the monthly assessment on the specific unit, the reserve balance after the façade work and the next inspection date. Audited statements for 2012–2013 are on file in The Roebling Research Library. More recent statements should come from the managing agent.
The commercial units also carry a separate Industrial and Commercial Incentive Program exemption in Department of Finance records. It does not affect residential tax bills.
Policy framework
Purchaser review: None. The offering plan states that the Board of Managers has no right of first refusal on sales or leases and no option to acquire a unit except through foreclosure.
Pets: Up to two dogs, cats or other household pets per unit, subject to the board's rules, per the plan. Owners must clean up after them, and the board can remove an animal that causes a nuisance.
Leasing: Permitted, without a right of first refusal. Confirm any current house-rule requirements on minimum lease terms or move-in fees.
Investor purchases: No restriction in the plan.
Recent sales
The Atlantic trades as boutique Boerum Hill new construction, priced per square foot against the post-2005 condominiums on the Atlantic–Pacific–Schermerhorn corridors rather than against the district's brownstone floor-throughs. With 21 units, it records only a few resales a year, so outdoor space and layout drive the spread more than floor height does. Duplexes with private terraces sit at the top. Studios and small one-bedrooms compete with rentals and first-time-buyer inventory. With the abatement gone, recent comparables carry full taxes, which simplifies like-for-like pricing. 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 |
|---|---|---|
| Apr 21, 2026 | 2A | $1,270,000 |
| Jul 25, 2025 | 4C | $1,805,000 |
| May 19, 2025 | 4B | $1,200,000 |
| Dec 30, 2024 | 7A | $1,635,000 |
| Jan 22, 2024 | 3C | $1,150,000 |
| May 10, 2023 | 6C | $1,137,500 |
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 3-00179-7505) 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.
At the recent median sale of $1.64M (4 sales since 2024), a buyer putting 25% down would pay about $68,749 to close, or 4.2% of the price.
- Mansion tax: $16,350
- Mortgage recording tax: $23,605
- Title insurance: $7,357
- Attorneys, lender, building fees, reserves and filings: $21,436
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
Price the debt assessment. A façade-related debt-service assessment runs through December 2027. Confirm the monthly amount on your unit and whether the seller will credit the balance.
The tax bill is final. The 421-a exemption is fully phased out. Model the current Department of Finance bill with the True Monthly Carrying Cost Calculator.
Measure the unit. Plan square footages are gross. On a duplex, check the certificate of occupancy and the floor plans for how each level is classified.
Know the street. Atlantic Avenue frontage gets light and southern views on one side and commercial traffic on the other. See the unit at rush hour.
No right of first refusal means a faster close. Without a board waiver step, a condominium closing here depends mostly on the lender and the managing agent's closing package.
What to know if you’re selling
Lead with transit and size. A short walk to the Atlantic Terminal and Nevins Street lines, in a 21-unit building with ground-floor retail, is a clear pitch.
Hand over the façade paperwork. Buyers will ask about the Local Law 11 work and the assessment. Having the board's letter, the loan terms and the remaining balance in the listing package shortens negotiation.
Market outdoor space by the square foot. Terraces and duplex roof decks are the building's differentiators. Measure them and photograph them.
Comparable buildings
If you're considering The Atlantic, also evaluate:
- Boerum Heights (556 State Street) — a 71-unit condominium of the same vintage one block east, across Third Avenue, with its own Atlantic Avenue wing
- The Nevins (319 Schermerhorn Street) — larger 2015 Boerum Hill condominium at Schermerhorn and Nevins Streets
- The Hendrik (509 Pacific Street) — 38-unit new construction across Atlantic Avenue on Pacific Street, with a retail unit
- 423 Atlantic Avenue — the Ex-Lax Building co-op conversion a block west on the same avenue
- 533 Pacific Street (Post House) — 41-unit 2021 condominium nearby on Pacific Street
- 561 Pacific Street — amenitized 63-unit alternative on the same corridor
- 450 Warren Street — 18-unit boutique condominium at the Boerum Hill–Gowanus edge
- 610 Warren Street — 31-residence mid-block condominium between Third and Fourth Avenues
More Boerum Hill buildings
- 58 Saint Marks Place — 2019 condominium by Isaac & Stern Architects
- 610 Warren Street — 2015 condominium by Isaac & Stern Architects
- 71 Smith Street (The Boerum), The residential entrance is 265 State Street — 2016 condominium
- 8 St. Marks Place, Brooklyn — 2015 condominium
- 87 Smith Street (The Smith) — 2007 condominium
- Wyckoff House (88 Wyckoff Street) — 1905 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Boerum Hill.
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 Atlantic?
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