720 Nostrand Avenue (Urban Nostrand)
720 Nostrand Avenue, Brooklyn, NY 11216
BBL 3012337502 · BIN 3424206
- Year built
- 2018
- Type
- Condominium
- Units
- 10
- Floors
- 6
- Landmark
- No
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. The tax bill a buyer inherits is the long-run bill.
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. The building has been owner-controlled for almost its whole life.
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, the building is past the typical sponsor warranty period. Roofing, façade, elevator and mechanical issues now 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.
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.
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 |
|---|---|---|
| Sep 12, 2025 | 6 | $1,250,000 |
| May 15, 2024 | 3R | $1,085,000 |
| Apr 24, 2023 | 6 | $1,275,000 |
| Apr 20, 2022 | 5R | $1,090,000 |
| May 28, 2019 | 2F | $830,000 |
| Mar 25, 2019 | 6 | $1,081,381.5 |
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) 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
Your tax bill is the long-run bill. No exemption is on the roll, so there is nothing to burn off. 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
- 255 Eastern Parkway (The Woodrow Wilson) — condominium
- 475 Sterling Place — 2006 condominium
- 488 Sterling Place — 2021 condominium
- 762 Park Place — 2018 condominium
- 823 Classon Avenue (The Prospect) — 2011 condominium
- 834 Sterling Place (Hello Sterling) — 2015 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.
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