492 Henry Street (Henry Street Mews)
492 Henry Street, Brooklyn, NY 11231
BBL 3003317501 · BIN 3341583
- Year built
- 1928
- Type
- Condominium
- Units
- 60
- Floors
- 5
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Henry Street Mews 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.
Henry Street Mews is an early condominium conversion for this part of Brooklyn: sixty apartments, offered in 1986, when conversions here were more often co-ops. The sponsor bought five vacant buildings on block 331 in 1985: a walk-up on Henry Street and the industrial buildings behind it that ran through to Degraw and Sackett Streets. It joined them around a courtyard and sold them as one condominium. The result reads less like an apartment house and more like a small campus, with the "mews" name describing the plan.
The page corrects three recurring mistakes.
Year built. The 1928 date in PLUTO and in listing records is a single number applied to a group of buildings of different ages. The documented dates are 1985–86 for the conversion and 1987 for the first closings.
Tenure. The complex has sometimes been listed as a co-op. It is not. The 2002 audit refers to "the Cooperative," but that is the accountant's wording. The condominium was formed under Article 9-B of the Real Property Law. Every recorded transfer in ACRIS is a condominium-unit deed, and there are no share transfers.
Former use. The toy-factory story appears in listing records but not in the offering plan, which describes the buildings as industrial and nothing more.
Architecture and unit composition
The offering plan describes five sections on a lot of about 15,770 square feet, joined at the ground floor:
- Section I: cellar, six floors and a penthouse, about 71 feet.
- Section II: two floors, entered from the courtyard.
- Section III: four floors and a penthouse.
- Section IV: five floors and a penthouse.
- Section V: four floors.
Two traction elevators serve Sections I and IV from the cellar to the penthouse levels. Heat and hot water come from gas boilers in two boiler rooms. Apartments have either combined heating/cooling units or baseboard heat with through-wall air conditioners.
Apartment designations run from 1A through the penthouse units (PHA, PHC, PHD). Unit sizes skew small. Department of Finance unit areas run from about 520 to about 1,800 square feet. Some first-floor units come with cellar recreation rooms. Listing records describe high ceilings and oversized windows in many apartments, which fits the industrial sections. The mixed construction also means units in different sections can differ in structure, exposure and even construction class, per the plan. DOB records show one pair of units combined in 2008.
Building operations
What the file shows, and its age. The audited statements on file run to 2002, which is too old to underwrite. As of 2002 they showed:
- No mortgage at the condominium.
- Thin reserves.
- A recurring special assessment in place since 1994 to fund capital work. Work in 2001–02 included brick repointing, windows and doors, the roof and a new intercom.
The condominium also settled a construction-defect claim against the sponsor in 1994, per the same statements. Request the latest audit, budget and reserve balance, and ask whether the assessment is still being billed.
Façade and exterior work. DOB filings since 2000 include:
- Masonry and roof repairs in 2000.
- A new rear fire escape in 2010.
- Partial roof and parapet replacement, with a sidewalk shed, in 2015.
- Lintel and crack repairs in 2017–18.
- Façade repairs on the Degraw Street frontage in 2018.
That is the normal Local Law 11 cycle for masonry buildings of this age. Local Law 11 is the city's façade inspection law. Ask for the current inspection filing status.
Property taxes. The conversion received J-51, the city's tax benefit for residential conversions, starting July 1987:
- Exemption: a 12-year exemption on the added assessed value, which the Department of Finance's historical J-51 file shows running out around 2001.
- Abatement: an abatement of 8.33 percent of certified conversion cost a year, capped at 90 percent in total, which the same file shows exhausted in 2004.
The current roll carries only personal exemptions held by individual owners. The tax bill a buyer sees is the full bill.
Sponsor position. The sponsor closed 51 units in 1987, seven in 1988 and the last in 1989. Nothing on file or in ACRIS shows it holding apartments as rentals.
Recent sales
Henry Street Mews trades as a 1980s industrial conversion in Carroll Gardens, priced per square foot. Buyers compare it with the neighborhood's other factory and church conversions and with the older Cobble Hill condominiums a block north. Its apartments mostly run small. That makes it a source of smaller condominium units in a neighborhood where much of the housing is co-ops and townhouses.
Turnover is low. There have been two recorded transfers in the last twenty-four months, only one of them an arm's-length sale. Build the comparable set across several years and adjust for section, exposure and outdoor space, which vary more here than in a single-building condominium. Anchor district trends to the last complete year (2025). 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 |
|---|---|---|
| May 23, 2025 | 1F | $1,120,000 |
| Oct 31, 2022 | SJ | $1,249,000 |
| Apr 11, 2017 | 1G | $735,000 |
| Apr 28, 2017 | 3I | $750,000 |
| Feb 24, 2016 | 5J | $925,000 |
| Oct 29, 2013 | 3C | $1,676,400 |
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 3-00331-7501) 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
It is a condominium. You are buying a deeded unit. The board's right of first refusal is its only control over a sale, and exercising it needs an 80 percent owner vote.
Get current financials. The file on record is from 2002 and shows thin reserves and a long-running assessment. Ask for the latest audit, budget and reserve balance, whether an assessment is in force, and what exterior work is planned.
Check which section the unit is in. Ceiling heights, windows, elevator access and construction differ across the five sections. Confirm the elevator route to the unit and the construction around it.
The tax bill is final. J-51 ended long ago, so no increase is scheduled.
Confirm outdoor and cellar rights. Private terraces, yards and cellar rooms belong to specific units. Get the declaration language for yours.
What to know if you’re selling
Correct the record in the listing. Say 1986–87 conversion of five buildings. Say condominium, not co-op. Leave out the toy-factory story unless you can document it.
Lead with the courtyard plan. A mews layout with a common roof deck and in-unit laundry is uncommon in the neighborhood's condominium stock.
Have the building file ready. A current audit, the assessment status and the façade filing answer the questions a buyer's attorney will ask.
Comparable buildings
If you're considering Henry Street Mews, also evaluate:
- 376 President Street (The Mill): a 1988–89 factory conversion in Carroll Gardens with a J-51 record, the closest like-for-like
- 505 Court Street (Court Street Lofts): a 1918 Carroll Gardens factory converted to condominium in 2005
- 358 Court Street: the South Congregational Church complex, a landmarked conversion to condominium
- 344 Degraw Street: a Carroll Gardens condominium on the same street, with a façade restoration in its file
- 1 Tiffany Place: the 1986 factory-loft condominium across the trench, from the same conversion cohort
- 501 Hicks Street (Cobble Hill School Condominium): a mid-1980s conversion of a school on Hicks Street
- 93 Rapelye Street (The Maritime): a 2004 condominium nearby at Hicks Street
- 450 Clinton Street: a church converted to co-op in 1986 in Carroll Gardens, for the tenure comparison
More Carroll Gardens buildings
- 361 Clinton Street — 1987 condop
- 450 Clinton Street — 1867 co-op
- 480 Degraw Street — 2017 condominium
- 93 Rapelye Street (The Maritime) — 2004 condominium
- Court Street Lofts (505 Court Street) — 1918 condominium
- Sackett Union (291 Union Street) — 2008 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Carroll Gardens.
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 Henry Street Mews?
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