580 Wythe Avenue (564–580 Park Plaza Condominium)

Both buildings were designed by Gene Kaufman and filed with DOB in April 2000 as eight-story residential buildings of 34 units each. Each has two apartments on the lowest "0" level and four per floor, A through D, on floors one through eight. DOB façade violations refer to balcony slabs on both buildings, so at least some apartments have balconies; confirm which lines have them from the floor plans.

The condominium lot is about 8,600 square feet, per PLUTO. The buildings are residential except for a very small commercial allocation (under 100 square feet) on the PLUTO record.

The façade. 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 examination by a Qualified Exterior Wall Inspector (a licensed professional engineer or registered architect meeting DOB's qualifications) on a recurring cycle, five years to date. DOB's façade compliance data lists 580 Wythe as "unsafe" in Cycle 9 (2020–25), and 564 Wythe as "safe with a repair and maintenance program."

ECB records fill in the detail. Both buildings were cited for failing to file acceptable Cycle 8 and Cycle 9 reports in 2021 and 2022, and 580 Wythe also in 2018. From late 2022 through 2024 inspectors cited damaged and spalling balcony slabs, cracked masonry and, at 580 Wythe in August 2024, a leaning and displaced masonry parapet. The city also cited the condominium for failing to put required public-protection measures in place and for failing to comply with earlier orders. Several of those violations remain active in the public record, with penalties imposed.

What a buyer needs from the managing agent: the current FISP report for each building, whether a sidewalk shed or netting is up, the repair scope and schedule, how it is being funded (reserves, special assessment or loan), and whether any ECB penalties are still open.

The records reviewed do not document staffing, common charges, reserves or amenities.

Kent-Rush Realty Corp. conveyed the apartments to separate buyers, nearly all in 2002 and early 2003. Most of those sponsor deeds recorded no consideration, so original purchase prices are not available from ACRIS. Today the 68 apartments are held by more than 60 different owners, and the cited resales show separately named buyers and stated prices, which do not alone establish beneficial relationships or arm's-length terms. No apartment was identified under the original sponsor name in the reviewed records; reconcile affiliates, beneficial ownership and the current unit register before treating sellout as established. One unit, 7D at 564 Wythe, has no deed indexed in ACRIS, which title work should clear if it comes to market.

This is an owner-held condominium, not a rental wrapper.

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. The exemption has no remaining phase-out; future bills still change with assessments, rates and other benefits.

Recent sales

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.

Market read. Most recent trades (2025) cleared a median $935/sf (recorded) across 1 sale.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02165-7502; each condominium apartment is its own tax lot). 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.

Confirm the condominium. 564 and 580 Wythe are one condominium. 570 and 576 Wythe, and the Kent Avenue buildings, are separate condominiums with separate boards and budgets.

Resolve the façade question before contract. Ask for the Cycle 9 report, any Cycle 10 filing (the cycle that runs February 2025 to February 2030), the repair contract and the funding plan. If an assessment has been voted or is expected, get the amount per unit in writing.

Check the balcony. If the apartment has a balcony, ask whether its slab is part of the cited repair work and whether use is restricted until it is done.

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.

Lead with size. Apartments of about 1,300 square feet with no abatement to lose are the building's strongest argument.

Get the façade paperwork together first. A buyer's attorney will find the unsafe filing and the ECB record. A current status letter and funding plan from the managing agent keeps it from turning into a late price discussion.

If you're considering 580 Wythe Avenue, also evaluate:

• 535 Kent Avenue (525–535 Park Plaza Condominium) — the sister condominium on the same 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
• 330 Wythe Avenue (The Esquire Building) — a large factory conversion farther north on Wythe Avenue
• 150 South 1st Street (Bedford Court) — a 2003 Southside condominium whose 421-a is now phasing out