575 Fourth Avenue
575 Fourth Avenue, Brooklyn, NY 11215
Park Slope, Brooklyn
BBL 3010527503 · BIN 3428584
- Year built
- 2018
- Type
- Condominium
- Units
- 70
- Floors
- 11
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pied-à-terre
- Permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2020–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,288
- Listing discount
- 0.0%
- Recorded sales
- 77
- On record
- 2020–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 575 4th Avenue Condominium 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.
This building exists because of a zoning decision made two decades before it was built, and understanding that decision is most of what a buyer needs to know about the corridor.
In April 2003 the City Council adopted a 110-block Park Slope rezoning that did two opposite things at once. It capped the brownstone blocks at their existing scale with contextual districts, and it replaced the zoning on Fourth Avenue with R8A — mid-rise apartment-house density on a 120-foot-wide avenue that sat on top of three subway lines. That action stopped at 15th Street. Two years later, in 2005, the South Park Slope rezoning carried the same logic south: fifty blocks bounded by 15th Street, Fourth Avenue, Prospect Park West and 24th Street and Green-Wood Cemetery, with R8A mapped along Fourth Avenue and an inclusionary-housing floor-area bonus available to developers who built affordable units. That 2005 action is what put mid-rise zoning on this block.
What the first decade of that rezoning produced was widely criticized: apartment slabs with blank ground floors, curb cuts, garage doors and long stretches of residential lobby facing what was supposed to become a boulevard. The city responded in 2011 by mapping the Special Enhanced Commercial District (EC-1) along Fourth Avenue from Atlantic Avenue to 24th Street, requiring that at least half of a new building's ground-floor frontage be occupied by retail and service uses and constraining ground-floor parking and residential frontage. 575 Fourth Avenue was permitted and built well inside that regime, and it shows: three commercial units at the base, a residential entrance that does not consume the avenue wall, and the parking tucked behind rather than fronting the street.
The building is also, unmistakably, a product of a particular moment in the sales cycle. The Daten Group filed an offering plan dated approximately January 24, 2019 and brought the residences to market that spring. The first closing did not occur until August 19, 2020. By the Eighth Amendment — certified in February 2021 — sixty-six of the seventy residential units remained unsold, and the sponsor's construction financing, held by a private credit lender at an outstanding balance of roughly $60.7 million as of December 2020, was scheduled to mature in February 2022 and was being repaid from unit sales. A new condominium that launched into 2019 and had to sell through the pandemic absorbed slowly. That history is resolved rather than current, but it is the reason the building's earliest resale comparables are compressed against its original ask prices, and a buyer or seller reading the transaction record without it will misread the pattern.
The most distinctive thing about the building day to day is how much of it is sold separately from the apartments. Of 180 condominium units, only 70 are residences. Forty are attendant parking spaces. Thirty-eight are storage. Three are commercial and three commercial storage. And four are roof deck units — deeded outdoor space sold as its own condominium unit at $60,000 to $90,000. Nothing about that structure is improper; it is increasingly common in Brooklyn new development. But it means that at 575 Fourth Avenue the phrase "with private roof deck" describes a second purchase, and "with parking" describes a third. Establish in writing exactly which unit numbers a seller is conveying.
Architecture and unit composition
The building rises eleven stories on a 17,421-square-foot irregular lot to roughly 85,000 square feet of floor area — about 71,000 residential and 14,400 commercial. The lot is split-zoned, R8A along the avenue and R6B behind it, which is why the massing steps down away from Fourth Avenue rather than filling the block at a single height.
The exterior is brick with arched window openings, a deliberate reference to the masonry vocabulary of the brownstone blocks three avenues east rather than to the glass-and-panel idiom of the corridor's first rezoning-era buildings. Interiors, the courtyard, the roof and the amenity spaces were designed by Meshberg Group.
The residential plan runs from two-bedroom-scale lines at the lower floors through larger A-, C- and D-line residences and four penthouses, plus two townhouse units at the base with their own entrances. Floors two through eight carry the widest mix of lines; floors nine and ten narrow to four residences each; the penthouse level carries four. Configurations run from one through four bedrooms.
Exposure is the dominant value variable, as it is everywhere on Fourth Avenue. The avenue is a wide, busy truck route. The difference in noise and light between a low-floor avenue-facing apartment and a rear or upper-floor apartment is the single largest driver of price inside the building, and it should be evaluated with the windows open rather than from a floor plan. Units facing the interior courtyard trade the avenue for a quieter, landscaped outlook.
Building operations
575 Fourth Avenue operates as a condominium with an elected board, professional management, an attended lobby and an attendant parking operation. The amenity package is substantial for a seventy-unit building: a fitness center with a yoga studio, a children's playroom, a music room, a residents' lounge with workspaces, a game room, a rooftop terrace, and a ground-level courtyard carrying a lawn, a fire-pit lounge, a grilling and dining area, a playground and a dog run — more than 12,000 square feet of outdoor space in total. That is a large common-area burden per residential unit, and it is worth asking how the shared costs are allocated between the residential and commercial sections, since the plan assigns the commercial units their own common-charge schedule.
Governance is the item to verify. At the Eighth Amendment the board was still sponsor-controlled, with the plan providing for a nine-member board — six managers elected by residential unit owners and one designated by each of the three commercial unit owners — to be seated within thirty days of the earlier of 120 days after 75 percent of units were conveyed, the closing of units exceeding 90 percent of common interest, or two years after the first unit closing. Those triggers have long since passed on their face. Confirm the current board composition, whether unit-owner control was in fact transferred, and whether the sponsor or its affiliates still hold units.
The capital agenda for a building this new is short but not empty. Ask for the audited financial statements — the first year of condominium operation ran from the August 2020 first closing, and several years of audits should now exist — along with the reserve balance, any assessment history, the status of any remaining sponsor punch-list or warranty items, and the board's minutes for the last two years. On new-construction Brooklyn condominiums, envelope and mechanical performance in the first five to seven years is the diagnostic that matters.
Policy framework
Purchaser review: Right of first refusal only; no cooperative-style board approval or interview. Pied-à-terre use, LLC and trust ownership, and foreign purchase are permitted in the standard condominium form.
Subletting: Permitted in the standard condominium form. Confirm any minimum lease term, leasing registration requirement, or prohibition on short-term-platform rentals in the current house rules.
Parking, storage and roof decks: All are separately deeded condominium units with their own common interest, common charges and tax lots. None is appurtenant to a residence. Confirm by unit number what conveys, and price each separately.
Commercial component: Three commercial units and three commercial storage units sit inside the condominium with their own common-charge allocation. Ask how commercial common charges and any shared-cost allocations are set, and what uses the plan and house rules permit at the base.
Governance: The plan provided for a nine-manager board with three seats designated by the commercial unit owners. Confirm current composition and whether sponsor control has ended.
Property taxes: No exemption or abatement is disclosed in the amendments on file. Underwrite full Class 2 assessment from the specific unit's current bill.
Flip tax, pets, working-capital contribution and house rules generally: Not documented in the records available to us. Request the current house rules and the full closing-fee schedule before signing.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Not verified
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
- Short-term rentals
- Not permittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $575 per room a monthMedian of 18 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.23 per square foot a monthMedian of 19 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
- Full-time doormanSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, residents' lounge, co-working space, playroom, roof deck, garden, storage, pet facilitiesSource: 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
575 Fourth Avenue prices in the Fourth Avenue corridor tier — below the brownstone-block co-ops and the park-front condominiums on dollars per square foot, and competing on square footage, amenity and monthly cost rather than on historic-district address. Through the last complete year the corridor continued to trade as its own submarket, and comparables drawn from Seventh or Eighth Avenue are not instructive here.
Three variables move price inside the building. The first is exposure and floor, for the reasons above. The second is the ancillary units: an apartment conveying with a deeded parking space, storage and a roof deck is a materially different asset from the same apartment without them, and the original offering schedule prices those add-ons at $125,000, $11,000–$17,000 and $60,000–$90,000 respectively. The third is the tax line, which at this address is unabated — an important distinction against corridor inventory still running a 421-a benefit, where the ask price and the monthly obligation move in opposite directions.
One further note on reading the record: because the building sold slowly through 2020 and 2021, early closed prices reflect a distressed absorption period rather than a settled market. Weight recent resales more heavily than sponsor closings when setting a price. 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 |
|---|---|---|---|---|---|
| Aug 26, 2026 | P2 | 153 sf | $140,000 | $915/sf | off-mkt |
| Aug 20, 2026 | 2J | 2 BR · 2 BA · 1,080 sf | $1,300,000 | $1,204/sf | -10.3% |
| Jul 23, 2026 | PHC | 3 BR · 2 BA · 1,289 sf | $1,595,000 | $1,237/sf | +0.0% |
| Jun 4, 2026 | 6C | 3 BR · 2.5 BA · 1,191 sf | $1,535,000 | $1,289/sf | off-mkt |
| Mar 17, 2026 | 3D | 3 BR · 3 BA · 1,408 sf | $1,710,000 | $1,214/sf | -2.3% |
| Oct 16, 2025 | 6 | 1 BR · 1 BA · 670 sf | $868,000 | $1,296/sf | +5.2% |
| Oct 15, 2025 | 6A | 1 BR · 1 BA · 670 sf | $868,000 | $1,296/sf | +2.1% |
| Sep 22, 2025 | PHD | 1 BR · 1 BA · 842 sf | $1,050,000 | $1,247/sf | -12.1% |
Market read. Most recent trades (2026) cleared a median $1,288/sf (floor-adjusted) across 3 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 0.0% from the last 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 3-01052-7503). 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.
Closed rents at 575 4th Avenue Condominium, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 3 | $3,900 |
4 closed leases, October 2023 to September 2026. Most recent lease August 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 575 4th Avenue Condominium and nearby.
At the recent median sale of $1.49M (13 sales since 2024), a buyer putting 25% down would pay about $63,546 to close, or 4.3% of the price.
- Mansion tax: $14,880
- Mortgage recording tax: $21,483
- Title insurance: $6,696
- Attorneys, lender, building fees, reserves and filings: $20,487
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Get the schedule of what conveys, in writing, by unit number. Parking, storage and roof decks are separate condominium units here. Assume nothing from the listing description.
Underwrite full taxes. No abatement is disclosed in the plan amendments. Model the actual current bill in the True Monthly Carrying Cost analysis and compare it honestly against abated corridor inventory.
Stand in the apartment with the windows open. Fourth Avenue is a wide truck route. The premium for a rear, courtyard-facing or high-floor line is earned, and it is the difference between two very different homes.
Ask about governance and sponsor holdings. The board was sponsor-controlled at the last amendment on file. Confirm that unit-owner control was transferred and how many units the sponsor or its affiliates still hold — it bears on both governance and mortgage project eligibility.
Ask for the audits, the reserve balance and the warranty status. A 2020-vintage building is now old enough to have a track record and young enough that sponsor punch-list and warranty questions may still be live.
There is no historic district here. Nothing protects the sightlines or the scale of the block. Look at the adjacent lots and the air above them, and read the EC-1 and R8A rules that govern what can be built next door.
What to know if you’re selling
Bundle and price the ancillary units deliberately. A parking space, storage unit and roof deck conveyed with the apartment are worth real money and should be presented — and valued — as part of the package rather than mentioned in passing.
Market the outdoor space and the amenity package. More than 12,000 square feet of common outdoor space across a courtyard and a roof terrace is unusual for a seventy-unit building and is the strongest argument against both older corridor stock and smaller new construction.
Be straightforward about taxes. Sophisticated buyers will compare the monthly number against abated buildings on the same avenue. Presenting the actual figures produces better outcomes than letting a buyer discover the gap in diligence.
Comp against recent resales, not sponsor closings. The 2020–2021 sell-through happened under conditions that no longer apply. Corridor resales from the last complete year are the defensible anchors.
Market the transit case explicitly. The Prospect Avenue R station is a block south. That is the reason this stretch of Fourth Avenue became a market at all, and it belongs in the first paragraph of the listing.
Comparable buildings
If you're considering 575 Fourth Avenue, also evaluate:
- 500 4th Avenue — the larger Fourth Avenue condominium seven blocks north; the closest direct corridor comparison
- 343 4th Avenue (Novo) — the first big building the 2003 rezoning produced on the avenue; the older, lower-priced corridor alternative
- 205 12th Street — 2019 ground-up condominium a few blocks north; the closest vintage peer off the avenue
- 445 5th Avenue (The Slope on Fifth) — new-construction Park Slope condominium one avenue east; the newer, smaller alternative
- 300 8th Avenue — prewar Park Slope cooperative inside the historic district; the opposite end of the neighborhood's market
- 550 Vanderbilt Avenue — Prospect Heights condominium at Pacific Park; the design-led new-development comparison
- 11 Hoyt Street — 2020 Boerum Hill condominium; the amenity-led alternative at a higher price tier
More Park Slope buildings
- 565 Fifth Street — condominium
- 569 Carroll Street (Lumber Yard Condominium), 565 and 569 Carroll Street — 2003 condominium
- 570 Seventh Street — 1905 condominium
- 580 Carroll Street — condominium
- 582 Pacific Street — 1920 condominium
- 584 Pacific Street, 584 Pacific Street · Park Slope — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Park Slope.
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.
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