892 Bergen Street
892 Bergen Street, Brooklyn, NY 11238
BBL 3011497501 · BIN 3399362
- Year built
- 2010
- Type
- Condominium
- Units
- 38
- Floors
- 10
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 892 Bergen Street 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 number that defines 892 Bergen Street is 2036. The building carries a 25-year 421-a exemption — a longer term than most Brooklyn condominiums of its vintage, which came with 10- or 15-year benefits that have already ended. On the 2026/27 roll, the Department of Finance exempts about 98 percent of the residential units' combined assessed value. Owners are paying tax on little more than the land's pre-construction value. That benefit has a known end date, and every purchase here is a bet on how the market prices it as that date approaches.
The second fact is height. The new-building filing specifies ten stories and 100 feet. Most lots on this block are three- and four-story buildings per PLUTO, though a 14-story apartment building stands a few doors west, so upper-floor lines clear much of the surrounding roofline but not all of it. PLUTO lists six floors for 892 Bergen. It is wrong, and anyone using city data to compare buildings should correct for it.
The third is that the sponsor is gone. 892 Bergen Street, LLC recorded the declaration in June 2010 and deeded the 38 apartments between September 2010 and August 2012 per ACRIS: 12 in 2010, 17 in 2011 and the last nine in 2012. On the 2026/27 roll, every residential and parking lot is in private hands, and the sponsor holds none. It is a settled owner-run condominium, now 16 years old.
Architecture and unit composition
The lot is irregular, about 15,500 square feet with roughly 136 feet of frontage on Bergen Street, per the Department of Finance. PLUTO attributes about 4,300 square feet of the building's roughly 40,500 square feet to garage use, which is where the parking units sit. The residential floors are regular: the ground floor holds two apartments, 1A and 1B, and each floor from two through ten carries the same four lines.
The four lines repeat without variation up the building, per the Department of Finance unit areas. The A line is about 977 square feet, B about 746, C about 1,095 and D about 1,011. The ground-floor units are 953 and 786. That is a narrow size band. There is no penthouse line and no oversized unit on the roll, so within-building price differences come mainly from floor height, exposure and whether a parking space conveys.
Parking is 27 separate condominium units, each about 153 square feet on the roll. Spaces convey by their own deed. Several owners hold an apartment and a space together; buyers who want one should confirm which spaces are available and on what terms.
Building operations
This is a mid-size, professionally managed condominium with a single passenger elevator on DOB's device records. The façade has been through two inspection cycles: the Cycle 8 report, filed in 2017, rated it "safe with a repair and maintenance program," and the Cycle 9 report, filed in 2021, rated it safe. The Cycle 10 filing will be the next one to check. The two DOB/ECB violations on record are resolved.
The declaration was amended in March 2012, while the last sponsor closings were still under way. Its substance is not reflected in the public index. Buyers should get it from the managing agent along with the by-laws, the current budget and the reserve position.
The 421-a timeline
Program and term. Department of Finance code 5114 — 421-a, 25 years, no assessed-value cap. Base year 2006; benefit years beginning 2011/12.
Where it stands. On the 2026/27 roll the exemption covers the full increase in assessed value over the 2006 base. The base itself is small because the site was not yet built on, so owners pay tax on only a sliver of each unit's assessed value.
What happens next. Under the standard 25-year 421-a schedule, the exemption stays at full value for 21 years and then phases out in 20 percent steps over the last four. On this building's dates, the first step-down falls in the 2032/33 tax year, the final 20 percent year is 2035/36, and full taxation begins in July 2036. Confirm the exact phase-down years from the Department of Finance Notice of Property Value for the unit.
An open question. A 25-year 421-a term normally requires affordability commitments or substantial government assistance. The public records reviewed here do not establish which applied at 892 Bergen Street, or whether any unit carries income, occupancy or resale restrictions. Every residential unit shows on the roll under individual ownership with the same exemption and no distinguishing class. Have counsel review the offering plan and anything recorded against the unit before contract.
Recent sales
892 Bergen Street trades as early-2010s Crown Heights new construction, priced per square foot on a one- and two-bedroom base. Resale turnover has been steady rather than heavy — a handful of deeds most years since the sellout, per ACRIS. Within the building, value turns on floor height, the C and D lines' larger layouts versus the compact B line, and whether a deeded space conveys.
The tax line is where this building separates from its neighbors. Against a fully taxed building with the same common charges, the monthly carrying cost here is materially lower today, and that gap narrows to zero between 2032 and 2036. Buyers should compare total monthly cost at purchase and at full tax, not common charges alone. 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 |
|---|---|---|
| Jun 4, 2026 | 1A | $1,300,000 |
| Nov 21, 2024 | PK-6 | $849,000 |
| Jan 29, 2024 | 5D | $990,000 |
| Jan 9, 2024 | PK-27 | $1,360,000 |
| Jan 3, 2023 | PK-25 | $1,350,000 |
| Jul 12, 2022 | PK-9 | $960,000 |
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 3-01149-7501) 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.
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
Underwrite two tax bills. Price the unit on today's near-zero building tax and on the full, unabated bill that begins in July 2036. The second number is the long-run carrying cost.
Ask about affordability terms. Establish whether the 25-year term came with any restriction on the unit before contract.
Treat parking as a separate asset. Spaces are separate deeded units. If one matters, confirm whether it conveys with the apartment you are buying.
Get the 2012 amended declaration. Read it with the by-laws and the current budget.
What to know if you’re selling
State the tax position as a number. Buyers will ask what happens when the exemption ends. Give them the current bill, the phase-down years and the full-tax estimate up front; a clear answer removes a reason to discount.
Sell height and exposure. In a ten-story building on a mostly low-rise block, the upper lines' light and outlook are the main distinction. Market the floor.
List a deeded space on its own line. If your sale includes one of the 27 parking units, price and describe it separately.
Comparable buildings
If you're considering 892 Bergen Street, also evaluate:
- 475 Sterling Place — 45-residence Crown Heights condominium with deeded parking and a 25-year 421-a on the same 2006 base year; the closest tax comparison
- 859 Myrtle Avenue — ten-story Bedford-Stuyvesant condominium with a 25-year 421-a; the same height and tax structure to the north
- 488 Sterling Place — 25-residence 2021 condominium across from 475 Sterling with no 421-a; the fully taxed contrast
- 834 Sterling Place — 54-residence 2015 Crown Heights condominium with deeded parking and no exemption
- 255 Eastern Parkway (The Woodrow Wilson) — prewar condominium conversion between Classon and Franklin Avenues; the same stretch in an older building
- 856 Washington Avenue — 26-unit 2017–18 condominium near Eastern Parkway; newer, smaller
- 280 Saint Marks Avenue — 31-unit Prospect Heights condominium; the same new-construction product west of Washington Avenue
More Crown Heights buildings
- 488 Sterling Place — 2021 condominium
- 720 Nostrand Avenue (Urban Nostrand) — 2018 condominium
- 762 Park Place — 2018 condominium
- 823 Classon Avenue (The Prospect) — 2011 condominium
- 834 Sterling Place (Hello Sterling) — 2015 condominium
- 957 Pacific Street — 2008 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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