515 Dean Street
515 Dean Street, Brooklyn, NY 11217
Prospect Heights, Brooklyn
BBL 3011280077 · BIN 3027630
- Year built
- 1892
- Type
- Condominium
- Landmark
- Landmark or historic district
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 515 Dean 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.
515 Dean Street is a three-story, 1892 church on a 60-by-110-foot lot, being converted into eight condominium homes. The plan averages $2.4 million per residence (our arithmetic: $19.2 million across eight homes, with the nine storage units included in the total).
Published reporting puts the church's sale at $5.6 million in October 2024, followed by a $10.2 million construction loan in November 2024. The Department of Buildings job filed in December 2024 describes an eight-apartment, 13,087-square-foot residential building.
The Attorney General accepted the plan on April 1, 2026. Amendment 1 was submitted September 2, 2026 and is pending, and no effective date has been recorded.
Architecture and residences
PLUTO shows one building of three floors and 8,400 square feet, built in 1892 and altered in 2006, classified as a house of worship with no dwelling units. The lot is zoned R6B and measures 6,600 square feet. The Department of Buildings filing for the conversion counts eight apartments and 13,087 square feet, so the project adds floor area to the 8,400 square feet in PLUTO. Several smaller alteration filings from 2025 and 2026 are also on record. The architect of record is not named in the records reviewed.
Listing records show Residence 2A asked at $2,750,000 and Residence 2B at $2,650,000; the records reviewed carry no listing dates. Unit sizes were not captured, so no price per square foot is given.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD250344), the plan was submitted October 28, 2025 and accepted April 1, 2026, with 515 Dean Street Group LLC as sponsor. The record lists 17 units: eight residential and nine storage. The initial price was $19,290,000, and the price on acceptance and the current price are both $19,200,000, a $90,000 decrease before acceptance. Amendment 1 was submitted September 2, 2026 with a contents code of 11 and had no review date as of the record we read. The record shows no effective date and no units sold.
| Residence | Ask | Source |
|---|---|---|
| 2A | $2,750,000 | listing record, undated |
| 2B | $2,650,000 | listing record, undated |
These are asking prices, not contract prices. The two asks sum to $5.4 million, or 28 percent of the plan's total, so the remaining six homes and storage carry the other $13.8 million (our arithmetic).
Photographs of 515 Dean Street
Renderings of 515 Dean Street
Artist’s renderings from the project’s marketing materials. They show design intent and may differ from the building as built; residence images are examples, and finishes and layouts vary.
Residences
Artist’s renderingWhat would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 515 Dean Street and nearby.
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
The plan is accepted, not effective. Contracts can be signed under the plan's terms, but the sponsor has not declared the plan effective, so closings cannot occur yet. Check the deposit escrow terms and what happens if the plan is never declared effective.
Read Amendment 1. It is pending, and it may change price, units or terms.
Conversion of a house of worship. Ask for the certificate of occupancy path and a punch-list schedule, and what systems are replaced.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City real property transfer tax (1.425% above $500,000), plus the state mansion tax, which starts at 1% at $1 million and rises in tiers. On a $2.65 million home that is about $10,600 in state transfer tax and $37,763 in city transfer tax before any gross-up, and $33,125 in mansion tax at the 1.25% tier for $2 million to $3 million. Use the calculators below to run your price.
Carrying costs and abatement. The plan's budget projects common charges and real estate taxes. No tax abatement was confirmed in this review.
Sponsor control. The sponsor controls the board until enough units close to turn it over. The by-laws set the threshold.
Comparable buildings
If you're considering 515 Dean Street, also look at these Prospect Heights condominiums:
- 700 Pacific Street — former Daily News printing plant converted to condominiums
- 747 Dean Street — 2023 new-construction condominium with an April 2024 certificate of occupancy
- 766 Dean Street — Dean Street condominium
- 751 Dean Street — Dean Street condominium
- 543 Dean Street — four-residence condominium in the same blocks
- 521 Dean Street — 1930 building on the same block
More Prospect Heights buildings
- 430 Sterling Place — 1908 co-op
- 436 Sterling Place — 1908 co-op
- 50 Plaza Street East — 1925 co-op
- 521 Dean Street — 1930
- 543 Dean Street, 543 Dean Street · Prospect Heights — condominium
- 55 Eastern Parkway — 1925 co-op
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Prospect Heights.
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 515 Dean Street?
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646.939.7375 · c.cohen@compass.com