The Terraces at Court Street (529 Court Street)
529 Court Street, Brooklyn, NY 11231
BBL 3004787501 · BIN 3391418
- Year built
- 2004
- Type
- Condominium
- Units
- 25
- Floors
- 6
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Terraces at Court 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.
Southern Carroll Gardens got its new condominium stock in two bursts: loft conversions of the old industrial buildings near the Gowanus Expressway, and a handful of ground-up mid-rise buildings on Court Street's lower blocks. 529 Court Street is one of the ground-up buildings, and it was designed to read like the conversions around it: concrete and cast-iron detail, very tall ceilings, and big factory-style windows, according to listing records. The name fits the plan. Six apartments carry private roof terraces, and the common roof deck is the building's main shared amenity.
The building is small enough that condo governance actually matters day to day. Twenty-five apartments were declared in 2006. There are twenty-four today, after two third-floor units were legally combined in 2019, and thirteen parking units sit behind the building on Garnet Street. The plan held the parking back as sponsor leasing stock. Ownership records now show most of it held by residential owners, which makes a deeded space a real, though limited, resale feature: thirteen spaces for twenty-four apartments.
The tax story is what matters most for underwriting. The building ran on a 15-year 421-a exemption beginning in 2008. That covered most of the sponsor-sale and early-resale period and kept carrying costs low while the Court Street market was building up. Department of Finance records show the benefit phasing down and reaching zero by the 2023 roll. Anyone comparing a current listing against a pre-2020 sale here is comparing an abated tax bill against a full one, and the monthly carrying-cost gap is real.
Architecture and unit composition
Kutnicki Bernstein Architects drew the plans and specifications, per the offering plan. It is the same practice behind a run of Manhattan condominium buildings from the 2000s. The building rises six stories plus a penthouse floor on a corner lot of roughly 8,000 square feet. Apartments are numbered by floor from the 100 line through the 400 line, with a penthouse tier of four units above. Apartment sizes on the Department of Finance roll run from about 600 square feet to about 1,700 square feet for the combined 303/304. Each unit is taxed as its own lot.
Listing records describe the interior package as delivered: solid hardwood floors, marble kitchen counters with maple cabinetry and professional gas ranges, cast-iron tubs, and ceilings that reach 20 feet in the double-height units. Exposures run south and west over Garnet and Court Streets. The terraces on 201, 206 and the four penthouses are limited common elements. The plan says the sponsor would not install surfaces or fencing on those roof areas, so terrace build-outs vary from unit to unit and are worth inspecting individually.
Building operations
The condominium is professionally managed with a resident superintendent, per listing records. Department of Buildings filings show façade repair work on the building's exterior surfaces to correct water penetration, filed in 2012 with sidewalk-shed permits through 2013 and again in 2016. Rooftop telecommunications work also appears in the building's filing history. Ask for the current Local Law 11 cycle status, any open façade work, and whether the board has a reserve study. A 2011 set of financial statements is on file in The Roebling Research Library. Current statements should come from the managing agent.
Common charges for the parking units are allocated separately, per the plan, because they don't use most building services. A parking space bought with an apartment carries its own modest charge and its own tax lot.
Recent sales
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 |
|---|---|---|
| Dec 9, 2025 | 202 | $1,367,500 |
| Apr 5, 2024 | 406 | $1,300,000 |
| Oct 4, 2023 | 405 | $1,390,000 |
| Sep 12, 2023 | 404 | $1,335,000 |
| Jun 30, 2023 | PH1 | $1,840,000 |
| Jul 13, 2022 | 306 | $1,375,000 |
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 3-00478-7501) 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
Underwrite full taxes. The 421-a benefit that began in 2008 has run out. Pull the current Department of Finance bill for the specific unit, not a figure from an old listing.
Price the parking separately. There are thirteen parking units for twenty-four apartments. Where a space is offered with an apartment, it is a separate tax lot on its own deed. Confirm its common charge and tax line.
Inspect the terrace. Private roof terraces are limited common elements that the sponsor delivered unfinished. Condition, drainage and any owner-installed decking vary. Confirm who is responsible for the membrane below.
Ask about the façade. The 2012–2016 exterior repair filings are part of the building's record. Ask whether that work was fully closed out and where the building stands in its current façade inspection cycle.
What to know if you’re selling
Lead with the specifics. Ceiling height, south and west light, and a private terrace or deeded parking space are the facts that separate a unit here from the rest of the Court Street condo supply.
Get ahead of the tax question. Buyers comparing an old sale will see a lower tax figure. Show the current bill and the carrying-cost math up front so the abatement's expiration doesn't come up as a surprise in negotiation.
Comparable buildings
If you're considering The Terraces at Court Street, also evaluate:
- 505 Court Street (Court Street Lofts) — the 124-unit 1918 factory conversion a few blocks north; the loft alternative on the same stretch of Court Street
- 93 Rapelye Street — 40-unit ground-up condominium from 2004 with deeded parking; the closest like-for-like in era and structure
- 344 Degraw Street — 26-unit new construction from 2000 between Court and Smith; similar scale in central Carroll Gardens
- 378 Baltic Street — 36-residence condominium from 2007 between Smith and Hoyt; the same new-construction generation
- 291 Union Street (Sackett Union) — 32-unit ground-up condominium near the Court Street end of Union Street
- 145 President Street — later-generation ground-up condominium from 2017; the newer-product benchmark
- 480 Degraw Street — 13-unit 2019 condominium with a parking unit on the neighborhood's eastern edge
More Carroll Gardens buildings
- 480 Degraw Street — 2017 condominium
- 492 Henry Street (Henry Street Mews) — 1928 condominium
- 93 Rapelye Street (The Maritime) — 2004 condominium
- Court Street Lofts (505 Court Street) — 1918 condominium
- Sackett Union (291 Union Street) — 2008 condominium
- The Mill, 376 President Street — 1938 condop
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 The Terraces at Court Street?
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