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Condominium · 2017
856 Washington
856 Washington Avenue, Brooklyn, NY 11238
Buildings·Condominium

856 Washington Avenue

856 Washington Avenue, Brooklyn, NY 11238

BBL 3011797501 · BIN 3029639

At a glance
Year built
2017
Type
Condominium
Units
26
Floors
14
Landmark
No
Pets
Listing records conflict — some describe the building as pet-friendly, others state that pets are not permitted apart from service animals. Do not assume either. Confirm in writing with the managing agent before an offer

For eighty-eight years the corner of the block held one of the best small bank buildings in Brooklyn. The Green Point Savings Bank — founded in Greenpoint in 1869 as a neighborhood mutual thrift — opened a branch at 856 Washington Avenue on June 16, 1928, in a neoclassical marble-and-limestone box designed by the Manhattan architect Francis George Hasselman, whose practice was otherwise almost entirely suburban New Jersey houses. Hasselman gave it a three-story arched entrance under a huge Palladian fanlight, flanked by two Corinthian columns carrying a dentiled cornice. The Brooklyn Daily Eagle reported at the opening that the window admitted so much daylight the bank needed no interior lighting during business hours. It was the only bank building in what the Eagle then called the Eastern Parkway neighborhood, and for most of a century it was the best-looking building on the block.

It was never landmarked. Green Point merged into North Fork in 2005 and North Fork into Capital One in 2007; the branch closed in 2014 when the bank moved two blocks east. In December 2014 the building sold for $6.5 million. Neighborhood preservationists petitioned to save the building or at least its façade and did not succeed — the R8X zoning made a residential conversion behind that single enormous window impractical, and the Landmarks Preservation Commission did not designate. A demolition permit was issued in March 2016 and new-building permits followed in February 2017, per Department of Buildings records. The bank came down; the building that replaced it is 856 Washington.

That history is not incidental to the property. It is the reason the building exists at all, it is the reason a fourteen-story tower stands on a fifty-foot mid-block lot in a neighborhood of row houses, and it is the source of the building's single best interior gesture: the bank's safe-deposit boxes were salvaged and built into the lobby installation. The developers — Valyrian Capital and The Daten Group, working from a Kutnicki Bernstein design — made the loss part of the product. Prospective buyers should know the story, because neighbors do.

What the site bought, in exchange, is a position no other new condominium in Prospect Heights holds. 856 Washington sits one block from the Brooklyn Museum, two from the Botanic Garden, across Eastern Parkway from Mount Prospect Park, and within a short walk of Grand Army Plaza and the northeast corner of Prospect Park. The 2 and 3 trains stop at Eastern Parkway–Brooklyn Museum a block away. The building's upper floors clear the low-rise fabric of the neighborhood entirely, which is why the roof deck reads the way it does.

Architecture and unit composition

The building is a slim tower on a wide-shouldered base: fourteen stories on a fifty-foot frontage and about 128 feet of depth, roughly 40,000 square feet of building area, twenty-six apartments. That arithmetic — an average of about 1,500 square feet of gross building area per apartment, in a building that also carries a courtyard, a library salon, a gym, a playroom and a lounge — tells you the apartment mix skews to two- and three-bedroom family layouts rather than to studios and one-bedrooms. The A and B lines run the typical floors; a set-back penthouse tier sits above.

The design language is contemporary Brooklyn rather than contextual pastiche: a dark masonry-and-glass envelope, large windows, floor plans oriented to the long east–west axis of the lot, and setbacks above the base that produce private outdoor space on the upper floors. Interiors were delivered new in 2018 with the full new-development finish package, which means the practical renovation question here is not condition but taste — nearly a decade in, the finishes are original in most apartments and the question for a buyer is whether the 2018 palette still reads current.

The amenity program is unusually deep for a twenty-six-unit building, and it is the building's most durable competitive advantage. A double-height library salon with herringbone oak floors, a third-floor landscaped courtyard, a fitness center with a dedicated yoga room, a children's playroom, a residents' lounge, bicycle storage, an attended lobby, and the roof deck with Prospect Park and Manhattan views. Spread across twenty-six units, that program is expensive to run — which is the other half of the same fact, and the reason common charges here run where they do.

Building operations

The building is professionally managed under a standard New York condominium structure: unit owners hold fee title to their apartments and an undivided interest in the common elements; the board exercises a right of first refusal on transfers rather than approving purchasers; and there is no cooperative-style board interview. That framework is what makes the building materially more liquid than the Prospect Heights prewar cooperative stock, and it is a real part of the value proposition for buyers who want financing flexibility, LLC or trust ownership, or the option to lease.

Two operating realities deserve attention. First, the amenity load is carried by twenty-six apartments. An attended lobby, a landscaped courtyard, a gym, a playroom, a lounge and a roof deck are the operating profile of a much larger building, and the common charges reflect it — roughly $1,771 to $3,358 a month across the listing records reviewed. Read the current budget rather than reasoning from the per-square-foot rule of thumb you would apply to a larger condominium.

Second, the building is now approaching the end of its first capital decade. A 2017–18 structure is past its sponsor warranty period and into the phase where the roof, the façade sealants, the elevator and the mechanical plant begin to generate real line items, and where the reserve balance starts to matter. Ask for the current reserve position, the most recent budget, any assessment history, and the status of the local-law façade cycle. A new-construction building is not a building without capital risk; it is a building whose capital risk has not arrived yet.

Recent sales

856 Washington trades as new-development condominium inventory in Prospect Heights, which means it prices on square footage, finish, floor, outdoor space and amenity load — a fundamentally different pricing grammar from the neighborhood's prewar cooperative stock, which prices on rooms. A buyer weighing 856 Washington against a converted Eastern Parkway or Plaza Street co-op is not comparing like with like; the correct comparison runs through total monthly carrying cost, not asking price.

Within the building, the spread is driven by floor, line and outdoor space. The set-back penthouse tier is a separate market from the typical floors, and the difference between an upper-floor apartment with terrace and open southern outlook and a lower-floor apartment behind the neighboring roofline is large. Through the last complete year, the reliable anchor has been the same-line comparable inside this building, with the neighborhood's other post-2015 condominium product as the secondary check.

The competitive set is small and specific: the Pacific Park and Atlantic Yards condominium tier to the northwest, the boutique Prospect Heights condominium conversions, and the newer Park Slope and Crown Heights product. Very little of it sits this close to the Brooklyn Museum, and none of it carries this amenity program at twenty-six units. 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.

10A+30%
$1,960,131.25 2021$2,550,000 2024
6A+22%
$1,715,000 2022$2,100,000 2025
PH1+21%
$3,100,000 2023$3,750,000 2026
2A+13%
$1,700,000 2022$1,920,000 2026
6C+2%
$953,000 2021$975,000 2024

Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Feb 18, 20262A$1,920,000
Feb 12, 2026PH1$3,750,000
Sep 9, 20256A$2,100,000
May 19, 202510B$1,900,000
Dec 24, 202410A$2,550,000
Apr 24, 20246C$975,000
View all 29 recorded sales, sortable

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 3-01179-7501) 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.

What to know if you’re buying

Resolve the pet question in writing. The public record contradicts itself. If pets matter to you, settle it before diligence spend.

Read the reserve and the capital plan, not the age. The building is eight years old and heading into its first real capital decade. Reserve balance, assessment history and façade-cycle status are the numbers that matter.

Model the amenity load honestly. Six amenity spaces carried by twenty-six apartments is a permanently high common-charge structure. It is a fair trade for the program, but it is the trade.

Run the tax line on the specific unit. Abatement position and assessed value vary; do not reason from the building.

Know the site's history before you meet the neighbors. The Green Point Savings Bank was demolished over local objection in 2016. It is part of the building's story in the neighborhood, and the lobby installation is built from the bank's own safe-deposit boxes.

What to know if you’re selling

Sell the amenity program. A library salon, a landscaped courtyard, a gym with a yoga room, a playroom, a lounge and a roof deck — in a twenty-six-unit building, one block from the Brooklyn Museum. Very little in Prospect Heights matches it.

Sell the view. The upper floors clear the neighborhood's low-rise fabric to Prospect Park, Grand Army Plaza and the Manhattan skyline. Photograph it properly and at the right hour.

Sell the condominium form. Against the neighborhood's prewar cooperative inventory, the absence of a board interview, the financing flexibility and the leasing latitude widen the buyer pool materially. Say so explicitly.

Have the pet policy, the storage licence and the tax position documented before you list. All three surface in diligence, and all three are cheaper to answer up front than to concede later.

Price to the line. The penthouse tier and the typical floors are two markets. Anchor to the closest in-building comparable.

Comparable buildings

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
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