475 Washington Avenue
475 Washington Avenue, Brooklyn, NY 11238
Clinton Hill, Brooklyn
BBL 3019797503 · BIN 3321947
- Year built
- 1907
- Type
- Condominium
- Units
- 60
- Floors
- 6
- Landmark status
- Not an individual landmark; in the Clinton Hill Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Requires confirmation
Every recorded sale at this building, 2021–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,436
- floor-adjusted, 5 sales
- Listing discount
- -1.1%
- Recorded sales
- 39
- On record
- 2021–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 475 Washington 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.
475 Washington is Clinton Hill's clearest example of a large prewar rental converted to condominium in the current cycle, and the conversion is not finished. The sponsor filed its plan in 2018, declared it effective and began closing in May 2021. It sold 33 of the 60 apartments by February 2024. As of the 2026/27 roll, the sponsor still owns 27 apartments, 45 percent of the residential units, along with most of the storage units and the parking unit. It has recorded no apartment sale since February 2024. Owner resales have been recorded through 2025 and 2026, so the building now has two markets running at once: owner resales, and an unsold sponsor block that has sat for about two and a half years.
That block is the central underwriting fact. The plan gives the sponsor an unconditional right to rent unsold units. It also warns, in its own words, that the condominium may never become majority-owned by owner-occupants unrelated to the sponsor. The plan limits sponsor control of the board to the earlier of 60 days after half the units are conveyed or five years after the first closing, and both dates have passed. Even without board control, a single owner of 45 percent of the apartments carries a large share of the common charges and a large share of the vote. Lenders size that exposure when they decide whether to lend in a building.
The second fact is the tenancy structure. This is a non-eviction conversion. Tenants who did not buy keep their apartments, and the plan disclosed four rent-regulated apartments whose status continues for as long as the law requires. Those units sit in the sponsor's inventory, and they are not the same product as a vacant unsold unit.
The third fact distinguishes this building from its Washington Avenue neighbors. 277 Washington Avenue (Francine Towers), up the avenue near DeKalb and also in the historic district, is a 1980s co-op conversion with a long-settled shareholder base. 545 Washington Avenue (Isabella), below Fulton, is ground-up 2011 construction outside the district. 475 is the prewar condominium between them. It has fee ownership and no co-op board interview (purchases run through the condominium's application process), but it also has an active sponsor, landmark constraints and a 1900s building envelope.
Architecture and unit composition
The building is a six-story Beaux-Arts apartment house on a 14,937-square-foot corner lot, with about 125 feet of frontage and roughly 65,000 square feet of residential floor area. The plan describes a basement, six floors and penthouse units at roof level. Floors one through five carry ten apartments each (lines A through J). The sixth floor carries six apartments plus four penthouse units, PH1 through PH4. The plan's Schedule A sets out sizes and common interests. The sponsor renovated units in batches, and the Department of Buildings alteration filings from 2019–2021 list the apartments by number. Ask whether a given unit was renovated by the sponsor or delivered as-is. The plan offers units "unfurnished and as-is."
The 92 Gates Avenue easement. Under an easement agreement dated April 8, 1997, and amended in November 2012, the tenants of the neighboring building at 92 Gates Avenue enter through 475 Washington's lobby and cross into their own building over a connecting bridge. 92 Gates pays 475 Washington for this. The first-year budget carried $83,000 of easement income against about $436,000 of total operating income, close to a fifth of the budget. That is valuable income. It also means another building's residents use this building's lobby every day. Ask for the current easement terms, the payment and any renewal or termination provisions.
The neighboring site. The plan disclosed that an affiliate of the sponsor owns 477 Washington Avenue next door and expected to begin construction there in the fall of 2019. Ask what was built or is planned, and whether it affects light, views or the building's lot-line exposures.
Building operations
First-year budget, per the offering plan on file. Projected common charges for the residential units totaled about $343,000 a year. Service contracts were the largest expense line. The budget allotted only $5,000 to the reserve line. Separately, the plan's cover page shows a reserve fund of about $1.56 million and a working capital fund of about $58,000. Ask for the current reserve balance and how much of the sponsor-funded reserve remains.
Sponsor financing. ACRIS shows the sponsor's unsold units secured by an inventory loan, most recently modified in 2024. Ask whether the sponsor is current on common charges and taxes for its units. A sponsor default on 27 units would fall on the condominium's budget.
HPD record. HPD records carry more than 100 open violations against the building, several of them in the immediately hazardous class. Many date from the rental years before the conversion. Open violations are a routine lender and title question. Ask the managing agent which have been corrected and are waiting to be dismissed, and which are still open.
Capital and compliance. The building is about 120 years old, landmarked and over 25,000 square feet. Its façade, roof, windows and elevators all go through LPC review when work is needed, and it falls under the city's energy benchmarking and emissions rules. Ask for the most recent façade report and the current capital plan.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $342 per room a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $1.39 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Requires confirmationSources differ. Confirm with building management.
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- 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.
Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring prompt corrective action. The owner must install any public protection the inspector specifies (a sidewalk shed, construction fence or structural netting, depending on the condition) and make the repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
475 Washington should be benchmarked on a dollars-per-square-foot basis against Clinton Hill and Fort Greene prewar and loft condominiums. Its co-op neighbors trade on different terms, and new-construction condominiums carry different amenities and, often, abatements. Sponsor concentration and the full tax bill are underwriting inputs, not automatic price discounts. Confirm lender eligibility and compare total monthly costs, then assess any price difference through dated, matched sales. The prewar condominium and historic-district setting are attributes to compare without presuming a rarity premium. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 9, 2026 | 4G | 2 BR · 2 BA · 1,008 sf | $1,650,000 | $1,637/sf | +4.8% |
| Aug 10, 2026 | 2E | 3 BR · 2 BA · 1,038 sf | $1,575,000 | $1,517/sf | +0.0% |
| Jul 8, 2026 | 6F | 2 BR · 2 BA · 882 sf | $1,160,000 | $1,315/sf | — |
| May 12, 2026 | 4I | 2 BR · 2 BA · 1,128 sf | $1,615,000 | $1,432/sf | +1.3% |
| Mar 12, 2026 | 5I | 2 BR · 2 BA · 1,128 sf | $1,500,000 | $1,330/sf | — |
| Sep 16, 2025 | 5E | 3 BR · 2 BA · 1,038 sf | $1,434,176 | $1,382/sf | -0.4% |
| Feb 28, 2024 | 2B | 3 BR · 2 BA · 1,162 sf | $1,337,500 | $1,151/sf | +0.9% |
| Sep 1, 2023 | 6B | 1,162 sf | $1,495,000 | $1,287/sf | — |
Market read. Most recent trades (2026 to date) cleared a median $1,436/sf (floor-adjusted) across 5 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount -1.1% over 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 3-01979-7503; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 475 Washington and nearby.
At the recent median sale of $1.54M (6 sales in the past 24 months, since November 10, 2024), a buyer putting 25% down would pay about $65,342 to close, or 4.2% of the price.
- Mansion tax: $15,375
- Mortgage recording tax: $22,198
- Title insurance: $6,919
- Attorneys, lender, building fees, reserves and filings: $20,851
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 475 Washington and its market
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What to know if you’re buying
Ask how many apartments the sponsor still owns and what it is doing with them. The current roll shows 27. Find out how many are rented, how many are vacant, and how many are rent-regulated.
Pre-clear your lender. Some lenders will not finance in a building where one entity owns this share of the units. Confirm before you sign.
Read the easement. Another building's tenants use this lobby, and about a fifth of the first-year budget came from that arrangement.
Pull the HPD violation list and get the managing agent's written account of what has been cured.
Underwrite the full tax bill. There is no abatement to phase out.
Get the by-laws and house rules. Pets, leasing minimums and move fees need to come from current documents.
What to know if you’re selling
Your competition includes the sponsor. Twenty-seven unsold units can set a price reference at any time. Know the sponsor's current asking prices before you list.
Pre-empt the lender question. A current budget, a reserve statement and a letter on sponsor arrears make financing easier for your buyer.
Lead with what is rare. A condominium in a prewar Beaux-Arts building inside the Clinton Hill Historic District, with an elevator and an attended lobby, has few direct substitutes.
Comparable buildings
If you're considering 475 Washington, also evaluate:
- 277 Washington Avenue (Francine Towers) — the prewar elevator co-op up the avenue in the same historic district; the tenure contrast
- 545 Washington Avenue (Isabella) — the 63-unit ground-up condominium below Fulton; newer, with an expired abatement
- 360 Clinton Avenue — the 1920s through-block co-op in the Clinton Hill Historic District
- 10 Quincy Street — a 46-unit Clinton Hill condominium conversion of an 1899 warehouse; the loft alternative
- 970 Kent Avenue (The Kent) — a 103-unit factory-to-condominium conversion at the Clinton Hill edge
- Clinton Mews (372 DeKalb Avenue) — a 78-unit converted-factory co-op near Pratt
- 315 Gates Avenue — a 72-unit 2009 amenity condominium farther east on Gates
- 532 Clinton Avenue — a 14-unit Clinton Hill condominium; the boutique alternative
More Clinton Hill buildings
- 450 Grand Avenue (Four Fifty Grand) — 2023 condominium by Isaac & Stern Architects
- 451 Clinton Avenue — 1930 co-op
- 461 Washington Avenue — condominium
- 476 Washington Avenue — 2018 condominium
- 477-479 Washington Avenue — condominium
- 500 Waverly Avenue (Waverly Brooklyn) — 2017 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Clinton 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 475 Washington?
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