720 Nostrand Avenue (Urban Nostrand)
720 Nostrand Avenue, Brooklyn, NY 11216
Crown Heights, Brooklyn
BBL 3012337502 · BIN 3424206
- Year built
- 2018
- Type
- Condominium
- Units
- 10
- Floors
- 6
- Landmark status
- Requires confirmation
- City records and our profile differ. Confirm with building management.
Urban Nostrand, the sponsor's marketing name sales history: 15 recorded sales
Every recorded sale at this building, 2018–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2024
- $1,055
- floor-adjusted, 1 sale
- Listing discount
- 0.9%
- Recorded sales
- 15
- On record
- 2018–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Urban Nostrand, the sponsor's marketing name 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.
The first number here is 10. This is a very small elevator condominium, two apartments to a floor over six stories, and the 20-unit figure that circulates in some data sets is simply wrong. Every cost the condominium carries, from the elevator contract to insurance to a roof replacement, is split ten ways. That is the main thing a buyer is underwriting.
The second number is zero: none of the assessed value is exempt. A Brooklyn condominium permitted in 2016 is the kind of building a buyer might expect to carry a 421-a benefit. The permit here was issued in June 2016, during the period when the 421-a program had lapsed, and no benefit appears on any roll in the Department of Finance records. There is no 421-a phase-out ahead, though future bills still change with assessments, rates and any other benefits.
The third is the sponsor's exit. Nostrand Street Properties LLC recorded the declaration in November 2018 and deeded all ten apartments to individual buyers between December 2018 and May 2019, per ACRIS. The sponsor holds no lots on the current roll. Those conveyances and current record holdings do not establish when sponsor control ended; confirm the governing-document provisions, voting interests and board history.
Architecture and unit composition
The building replaced two four-story buildings on the site, which were demolished in 2008–2009 under city filings, leaving the lot vacant until construction. The new building sits on a 40-by-100-foot lot under R6A contextual zoning and rises 60 feet, with about 11,200 square feet of residential floor area per PLUTO.
The layout is simple. The garden duplex is the largest apartment in the building. The eight typical apartments alternate between two lines, about 1,043 and about 1,022 gross square feet on the roll, and the top floor is a single penthouse. Within the building, price differences come from the duplex's yard, the penthouse's terraces and floor height, not from unit type. Confirm yard and terrace rights against the declaration and floor plans, not listing copy.
Building operations
This is a ten-unit building with a single elevator and a small operating budget. The sprinkler and fire-alarm filing made during construction was signed off by DOB in 2018.
At about seven years from its first closings, whether any sponsor warranty or obligation remains is for counsel to establish from the offering plan; issues outside it fall to the board and the common charges. With ten owners, even a modest capital project is a noticeable per-unit cost. Ask for the current budget, the reserve balance, any engineering reports and any assessment history.
Building staffing and amenities
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Residents' lounge, roof deck, storageSource: 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. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
720 Nostrand Avenue trades as late-2010s Crown Heights new construction, priced per square foot and compared mainly against the small condominiums built between Nostrand and Rogers Avenues in the same years. With ten apartments, resales are few, a handful of deeds since the sellout per ACRIS, so in-building comparables are thin and the duplex and penthouse each have essentially no internal comparable. Through 2025, the last complete year, buyers here compared small new-construction condominiums on total monthly cost as much as on price, and this building's full-tax position is the first thing that comparison turns up. 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 |
|---|---|---|---|---|---|
| Apr 29, 2024 | 3R | 2 BR · 2 BA · 1,028 sf | $1,085,000 | $1,055/sf | -0.9% |
| Apr 7, 2022 | 5R | 2 BR · 2 BA · 1,022 sf | $1,090,000 | $1,067/sf | -5.1% |
| Jun 2, 2019 | 2ASponsor Sale | 2 BR · 1,046 sf | $833,000 | $796/sf | +0.0% |
| May 16, 2019 | 2FSponsor Sale | 2 BR · 1,043 sf | $830,000 | $796/sf | +1.8% |
| Mar 11, 2019 | PHSponsor Sale | 2 BR · 2,068 sf | $1,081,381 | $523/sf | -1.6% |
| Feb 15, 2019 | 5RSponsor Sale | 2 BR · 2 BA · 1,022 sf | $870,603 | $852/sf | — |
| Jan 3, 2019 | 5FSponsor Sale | 2 BR · 2 BA · 1,043 sf | $891,987 | $855/sf | — |
| Dec 14, 2018 | 3RSponsor Sale | 2 BR · 2 BA · 1,022 sf | $865,512 | $847/sf | — |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $1,055/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2025. Median listing discount 0.9% 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 3-01233-7502; 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.
What would your apartment rent for?
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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
Your tax bill has no scheduled phase-out. No exemption is on the roll, so there is no benefit to phase out, though the bill still changes with assessments and rates; confirm it on the apartment's tax bill. When comparing against 421-a buildings nearby, compare total monthly cost, not common charges alone.
Underwrite a ten-owner building. Ask for the reserve balance and the capital plan. A roof or elevator project splits ten ways.
Confirm outdoor space on paper. The duplex's yard and the penthouse's terraces are the building's premium features. Check how the declaration assigns them.
Get the governing documents. No offering plan was on file for this review. Read the declaration, by-laws and house rules for leasing, pet and alteration policy before contract.
What to know if you’re selling
Lead with the full-tax position as a clean number. Buyers comparing against abated buildings will ask what changes later. Here the tax does not step up.
Sell the scale. Two apartments per floor in an elevator building is a defined product. Say so.
Have the documents ready. A current budget, reserve figure and by-laws shorten a buyer's diligence in a building with no public plan on file.
Comparable buildings
If you're considering 720 Nostrand Avenue, also evaluate:
- 762 Park Place — a 23-residence 2018 condominium a block south, between Rogers and Nostrand; the same full-tax position at twice the size
- 834 Sterling Place — a 54-residence 2015 condominium between Rogers and Nostrand, also with no 421-a
- 488 Sterling Place — a 25-residence 2021 condominium with deeded parking and no 421-a
- 475 Sterling Place — a 45-residence condominium with a 25-year 421-a running into the 2030s; the tax contrast
- 957 Pacific Street — an 18-residence Crown Heights elevator condominium with a 25-year 421-a; the closest match on scale with an abatement
- 892 Bergen Street — a 38-residence 2010 condominium with deeded parking and a 421-a running to 2036
- 856 Washington Avenue — a 26-unit condominium of 2017–18 near Eastern Parkway; the same generation
More Crown Heights buildings
- 622 Grand Avenue — 2009 condominium
- 625 Rogers Avenue (The Rogers Residences) — 2024 condominium
- 630 Grand Avenue — 2024 condominium
- 744 Park Place — 1929 condominium
- 762 Park Place — 2018 condominium
- 800 Dean Street — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Crown Heights.
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 Urban Nostrand, the sponsor's marketing name?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com