The Chocolate Factory
689 Myrtle Avenue, between Bedford Avenue and Spencer Street · Bedford-Stuyvesant
BBL 3017347503 · BIN 3048420
- Year built
- 1947
- Type
- Condominium
- Landmark
- No
- Amenities
- Elevator, landscaped roof deck, glass-enclosed rooftop gym, bicycle storage and virtual doorman
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $866
- Listing discount
- 1.6%
- Recorded sales
- 47
- On record
- 2003–2026
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The Chocolate Factory retains the broad windows, concrete columns and high ceilings of a 1947 industrial building. Its 45 condominiums occupy the former Cocoline Chocolate factory on Myrtle Avenue. Open lofts, inserted sleeping platforms and occasional private outdoor spaces give the apartments markedly different configurations within the same five-story shell.
Chocolate Partners acquired the property in 2001 and filed the condominium offering in 2002. The residential conversion reached completion in 2004, with initial apartment sales taking place during 2003 and 2004. Developer Nik Lavrinoff's project history describes the conversion of approximately 60,000 square feet and the acquisition of light-and-air easements from neighboring properties.
The landscaped roof is a later addition to the conversion. In 2009 the condominium elected to replace its roof membrane and install a planted roof. A glass-enclosed fitness room sits within the shared rooftop space, with views across Brooklyn toward Manhattan. The project subsequently appeared in NYC Department of Environmental Protection material on green-roof stormwater management.
Architecture and unit composition
The industrial structure permits large, open living areas with columns carried through the interiors. Exposed ductwork, oversized windows and ceilings commonly described at approximately 13 to 14 feet remain characteristic features. Interior mezzanines use part of that height to create sleeping or work areas above the principal living space.
The smallest bedroom count does not necessarily identify the smallest apartment. Open studios can have substantial floor areas, while a loft advertised with additional sleeping space may depend on a raised platform with lower headroom. Some homes have enclosed rooms; others preserve an uninterrupted living-and-dining volume with stairs rising within it.
Renovations have produced substantial variation in the treatment of those platforms. Some incorporate offices, storage beneath the stairs or more than one elevated area. Kitchens generally open to the main room. Central heating and air conditioning and in-unit laundry are present in numerous apartments, alongside the original factory structure.
Private outdoor space includes patios and balconies in selected homes. These belong to a smaller subset of apartments and are distinct from the shared planted roof. Window orientation also varies across the building's broad footprint, so the largest lofts do not all have the same exposure or outlook.
Building operations
The condominium's shared facilities center on the roof deck and enclosed gym, with elevator access, a virtual doorman and bicycle storage serving daily use. The planted roof includes native grasses, flowering plants and sedum, together with circulation and seating areas. Its operation combines a recreational amenity with a living roof system that needs ongoing planting and drainage maintenance.
The original conversion and later roof work are separate phases of the building's history. The present roof is an association asset; its membrane, plantings and gym enclosure form a more involved capital component than an unoccupied flat roof. That scope is relevant when assessing the condominium's recurring roof-care costs and future replacement planning.
The building has no current development tax abatement in the DOF record. Each residential condominium lot is Class 2. The mixed manufacturing-and-residential zoning and built floor area reflect the building's industrial origin and subsequent residential conversion.
Policy framework
Pets: Cats and dogs permitted — confirm with the managing agent.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Jul 6, 2026 | 3B | 2 BR · 1 BA · 830 sf | $875,000 | $1,054/sf | +9.5% |
| Jul 1, 2026 | 4F | 1 BA · 1,005 sf | $870,000 | $866/sf | +2.5% |
| Jan 2, 2026 | 2E | 1 BA · 1,000 sf | $819,000 | $819/sf | -2.4% |
| Apr 28, 2025 | 5F | 1 BA · 1,005 sf | $890,000 | $886/sf | +0.0% |
| Apr 21, 2025 | 4I | 2 BR · 2 BA · 1,182 sf | $770,000 | $651/sf | -3.1% |
| Jul 23, 2021 | 3I | 1 BR · 1 BA · 1,182 sf | $1,080,000 | $914/sf | +0.0% |
| Sep 4, 2020 | 2D | 1 BR · 1 BA · 955 sf | $800,000 | $838/sf | -5.3% |
| Aug 25, 2020 | 2C | 1 BR · 1 BA · 862 sf | $759,000 | $881/sf | +0.0% |
Market read. Most recent trades (2026) cleared a median $866/sf across 3 sales. Median listing discount 1.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 3-01734-7503) 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; square footage from recorded condo declarations and offering plans.
At the recent median sale of $870K (5 sales since 2024), a buyer putting 25% down would pay about $32,420 to close, or 3.7% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,561
- Title insurance: $3,915
- Attorneys, lender, building fees, reserves and filings: $15,945
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
Sleeping platforms need a precise description. Some loft interiors include low-ceilinged or windowless areas labeled as sleeping space, offices or additional bedrooms. For this building, the approved apartment layout and the headroom and windows serving an enclosed room matter more than a broker's bedroom label. An open mezzanine or interior storage area should not be represented as a legal additional bedroom without supporting approval.
Comparable buildings
- The Kent — A larger industrial condominium conversion with loft interiors and a more extensive shared-service structure.
- 105 Lexington Avenue — A smaller conversion alternative for buyers prioritizing open loft space.
- 10 Quincy Street — A condominium peer of comparable scale in a low-rise converted building.
- Lofts on Lex — A smaller loft condominium with an older industrial shell.
- Clinton Hill Condominium — A low-rise ownership alternative with a similar number of homes and a different residential layout pattern.
More Bedford-Stuyvesant buildings
- Bommer Building, 272 Willoughby Avenue — 1920 condominium
- Clinton Hill Village, 963–965 Kent Avenue — 2003 condominium
- Marcy Villa, 594 Marcy Avenue — 2016 condominium
- The Lexington Brooklyn, 114 Lexington Avenue — 2022 condominium
- The Lineage, 323 Greene Avenue — 2010 condominium by Karl Fischer Architects
- The Spencer, 191 Spencer Street — 2004 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Bedford-Stuyvesant.
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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