535 Kent Avenue (525–535 Park Plaza Condominium)
535 Kent Avenue, Brooklyn, NY 11249
BBL 3021657501 · BIN 3394276
- Year built
- 2001
- Type
- Condominium
- Units
- 66
- Floors
- 8
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Park Plaza 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.
Park Plaza is a single-sponsor development that fills most of a South Williamsburg block with six eight-story buildings: two on Kent Avenue, four on Wythe Avenue, 182 apartments in all, split into three condominiums. The 525–535 condominium is the Kent Avenue pair. Construction started in 2000, and the sponsor conveyed nearly every apartment in 2002, per ACRIS. Park Plaza was finished before the 2005 Greenpoint–Williamsburg rezoning and the waterfront condominium towers that followed it, which makes it an early example of large-scale condominium construction in Williamsburg.
The apartments are large by Williamsburg standards. The two buildings carry about 85,000 square feet of residential floor area for 66 units, per PLUTO, which works out to roughly 1,290 gross square feet per residence. The size, not finishes or amenities, is what this building sells.
A buyer today needs to understand two things: the tax benefit is gone, so the bill is already at its full level, and the façades have an active compliance history with the city.
Architecture and unit composition
Both buildings were designed by Gene Kaufman and filed with DOB the same week in April 2000 as eight-story residential buildings of 33 units each. Each has a lowest level lettered "0" with three apartments, four apartments per floor on floors one through six, and three apartments each on the seventh and eighth floors. The change in count on the top two floors is consistent with a setback, but floor plans were not available for this review; confirm layouts from the offering plan or the unit's floor plan.
The lot is about 18,450 square feet, per PLUTO. The buildings are entirely residential, with no commercial units in the condominium.
Building operations
Façade compliance is the diligence item. Both buildings are over six stories and subject to the city's Façade Inspection and Safety Program (FISP, also called Local Law 11), which requires a licensed engineer's inspection every five years. ECB records show violations at both addresses for failing to file acceptable Cycle 8 and Cycle 9 façade reports (2018, 2021 and 2022), and a run of violations in 2023 and 2024 for failing to maintain the façade, including cracked and missing masonry. In 2024 the city cited both buildings for failing to take required public-safety measures after unsafe-façade technical reports were filed under Cycle 9, per ECB. Some of these violations are shown as resolved and some as active. DOB's façade compliance data carries a status of "safe with a repair and maintenance program" for both buildings, which does not match the unsafe filings cited in the violations.
What a buyer needs from the managing agent: the current FISP filing status for both buildings, whether a sidewalk shed or netting is up, the scope and cost of the façade repair, how it is being paid for (reserves, assessment or loan), and whether any ECB penalties remain open against the condominium.
The records reviewed do not document staffing, common charges, reserves or amenities.
Ownership and the for-sale record
Kent-Rush Realty Corp. conveyed the apartments to separate buyers, the great majority in 2002. Most of those sponsor deeds recorded no consideration, so original purchase prices are not available from ACRIS. In December 2002 the sponsor also conveyed six apartments across the development to K-R Residence Corp., an entity whose name tracks the sponsor's. Five of them are in this condominium. One remains in that entity's name; four were conveyed in May 2023, for no recorded consideration, to single-purpose LLCs named for the units.
Today the 66 apartments are held by more than 60 different owners, per ACRIS, and resales since 2002 have been to unrelated buyers at market prices. This is an owner-held condominium, not a rental wrapper.
The tax position
Every unit carried a 421-a exemption (DOF code 5113), 15-year term. The exemption rolls show full exemption on the increase in assessed value through the 2013/14 tax year, then 80, 60, 40 and 20 percent in 2014/15 through 2017/18. It expired with the 2018/19 roll. No exemption of any kind appears on the Department of Finance's exemption records for any unit on the block from 2020/21 through 2026/27. Buyers are underwriting the full tax bill already, which removes the phase-out risk that newer Williamsburg condominiums carry.
Recent sales
Park Plaza trades as early-2000s South Williamsburg elevator construction with large layouts, priced in dollars per square foot and, in practice, on bedroom count and apartment size. The main comparison is with the sister condominium at 564–580 Wythe Avenue across the block, which is the same construction and era. Against newer Williamsburg condominiums, Park Plaza offers more space per dollar and no abatement to lose, and gives up amenities and newer systems. The unresolved façade work belongs in every price comparison. Index market statements to 2025, the last complete year. 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 |
|---|---|---|
| Aug 27, 2026 | 3A | $750,000 |
| Sep 24, 2024 | 0A | $1,150,000 |
| Nov 25, 2022 | 3B | $600,000 |
| Aug 23, 2021 | 7C | $925,000 |
| Jan 9, 2020 | 6A | $850,000 |
| Dec 3, 2018 | 6D | $864,494.25 |
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 3-02165-7501) 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
Confirm which building and which condominium. The condominium includes 525 and 535 Kent Avenue. The Wythe Avenue buildings on the same block are separate condominiums with separate boards and budgets.
Put the façade first. Ask for the FISP reports, the repair contract and the funding plan. An unpaid or pending assessment for façade work is a cost you inherit.
Request the condominium documents. No offering plan or financial statements were available for this review. Get the budget, audited statements, bylaws, house rules and the board's resale procedure from the managing agent.
What to know if you’re selling
Lead with size and the tax position. A full-tax bill with no phase-out ahead is easier to underwrite than most newer Williamsburg stock.
Have the façade answer ready. Buyers' attorneys will find the ECB record. A letter from the managing agent on the status and funding of the work keeps it from stalling the deal.
Comparable buildings
If you're considering 535 Kent Avenue, also evaluate:
- 580 Wythe Avenue (564–580 Park Plaza Condominium) — the sister condominium across the block, same sponsor, architect and era
- 440 Kent Avenue (Schaefer Landing North) — a 2006 Kent Avenue condominium closer to the Williamsburg Bridge
- 26 Broadway — a 2006 South Williamsburg condominium
- The Gretsch (60 Broadway) — a full-service loft conversion at the south edge of the Southside
- 346 Kent Avenue — new-construction waterfront towers on Kent Avenue
- 150 South 1st Street (Bedford Court) — a 2003 Southside condominium whose 421-a is now phasing out
- 330 Wythe Avenue (The Esquire Building) — a large factory conversion on Wythe Avenue
More Williamsburg buildings
- 505–515 Flushing Avenue, 505 and 515 Flushing Avenue — 2010 condominium by Karl Fischer Architects
- 510 Driggs Avenue — 2022 condominium
- 526 Union Avenue — 2023 condominium
- 55 Berry Street (Berry Street Lofts) — 1900 condominium by Karl Fischer Architects
- 580 Wythe Avenue (564–580 Park Plaza Condominium) — 2001 condominium
- 70 Berry Street — 2008 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
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 Park Plaza?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.