957 Pacific Street

The building rises five stories on a 7,500-square-foot lot with about 75 feet of frontage. The DOB filing records about 27,000 square feet of construction. Apartments are numbered by floor: two on the ground floor (101 and 102), four on each of floors two through four, and four on the fifth floor (501–504).

On the Department of Finance roll, the two ground-floor apartments are the largest, at about 1,565 square feet each. Apartments on floors two through four are carried at about 750 square feet and fifth-floor apartments at about 800. The roll's figures are the city's gross measurements and may not match the offering plan's; measure before relying on them. Whether the ground-floor units include lower-level or outdoor space should be checked against the declaration's floor plans for the specific unit.

There are nine parking spaces, each a separate deeded unit of about 160 square feet on the roll, with its own share of the 421-a. With nine spaces for 18 apartments, a space is not part of every sale. Several owners hold a space alongside their apartment. The condominium itself owns one space.

The recreation unit is carried at about 2,640 square feet and was deeded by the sponsor in July 2008 to the Pacific Blue Homeowners Association Inc. The same association holds recreation units in the 925 and 935 Pacific Street condominiums, per the Department of Finance roll. None of the documents we could read describes what the recreation space is, who may use it, or what the association charges. The declaration and the association's own documents will.

The 421-a schedule, read from the Department of Finance record. On the 2026/27 roll, each unit's exempt value equals its full assessed value above a fixed 2006 base: the benefit is at 100 percent. The exemption is a 25-year, no-cap benefit first effective in 2009/10. Under the statute's 25-year schedule, the benefit stays at 100 percent for 21 years and then drops 20 points a year for four years. That puts the full benefit through 2029/30, then 80 percent in 2030/31, 60 percent in 2031/32, 40 percent in 2032/33 and 20 percent in 2033/34, with full taxes from July 1, 2034. This is our reading of the statute against the DOF record, not a DOF-published schedule. Have the buyer's attorney confirm it against the unit's exemption detail. ACRIS indexes no regulatory agreement against the base lot or the units.

Finances, per the compiled statements on file. The condominium's fiscal year ends May 31. Its most recent statements on file, for the years to May 2021, were compiled by an outside accountant, not audited. Common charges were flat at about $115,000 a year. The reserve money-market account held about $70,000 at May 31, 2021, and the condominium carried no debt. In the 2019/20 year the board levied a special assessment of about $45,000 to fund operating expenses and spent about $30,000 on major repairs. The statements through May 2021 note that no study of future major repairs had been done as of that reporting period; confirm whether a later study or funding plan exists. Ask for the current budget, the latest statements and the reserve balance; the figures on file are five years old.

Capital work. DOB records a 2014 filing for foundation waterproofing and stucco replacement, with sidewalk sheds and scaffolding in place between 2014 and 2016. At five stories the building sits below the six-story threshold of the city's façade-inspection program (Local Law 11). At 18 years old, roofs, the two elevators and mechanical equipment are due for evaluation.

• Leasing: Allowed with board approval. The owner submits a background check, a copy of the lease, credit report and references, and the board may interview the tenant. The maximum lease term is one year, with a second year subject to board review. Tenants may not sublet, and leases must require renter's insurance, per the 2018 house rules on file.
• Alterations: One week's notice to management, licensed and insured contractors, weekday working hours of 8 a.m. to 5 p.m., and deposits of $500 for minor work and $1,000 for permitted work, per the house rules.
• Moves: Weekdays 9 a.m. to 5 p.m., scheduled five business days ahead, with a $250 non-refundable moving fee and a $500 deposit, per the house rules.
• Grills and roof: No charcoal or propane grills anywhere on the property, and no resident access to the roof, per the house rules.
• Windows: Window and window-door systems are the unit owner's responsibility, per the house rules.

Recent sales

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.

Market read. Most recent trades (2026 to date) cleared a median $1,208/sf (recorded) across 1 sale. Median listing discount 0.0% from the last ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01124-7504; 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.

Underwrite the 2034/35 tax bill. The exemption is at 100 percent through 2029/30 and gone by July 2034. For any hold longer than four years, model the phase-out year by year.

Read the homeowners association documents. The recreation unit belongs to an association shared with two neighboring condominiums. Ask for its governing documents, its budget and any separate charge to unit owners.

Confirm what conveys. Parking spaces are separate units, and only nine exist. If a listing includes one, the contract and the deed must name the lot number.

Get current financials. The statements on file stop in 2021 and were compiled, not audited. Ask for the latest budget, the reserve balance and any assessment history since 2020.

Show the tax schedule early. Four years at the full benefit is a selling point today. Presenting the year-by-year figures up front heads off a late renegotiation over the phase-out.

Price a deeded space separately. Nine spaces for 18 apartments does not establish demand or a ready buyer; check actual parking transfers, current interest and any transfer restrictions. Decide early whether to bundle it.

Have the house rules ready. Buyers who may rent will ask about the one-year lease cap and board approval of tenants.

If you're considering 957 Pacific Street, also evaluate:

• 892 Bergen Street — a ten-story, 38-residence Crown Heights condominium of 2010 with deeded parking and a 25-year 421-a running to 2036
• 475 Sterling Place — a 45-residence Crown Heights condominium with deeded parking and a 25-year exemption into the 2030s
• 823 Classon Avenue — a 24-residence Crown Heights condominium of 2011 whose 421-a ends in June 2027
• 545 Washington Avenue — a 63-unit condominium a block north on Washington Avenue whose 421-a has fully phased out
• 280 Saint Marks Avenue — a 31-unit Prospect Heights condominium west of Washington Avenue
• 111 Montgomery Street — a 163-unit Crown Heights condominium at the Botanic Garden edge
• 162 16th Street — a South Slope condominium of the same generation whose 25-year 421-a phases out one year earlier
• 35 McDonald Avenue — a 35-residence Windsor Terrace condominium on a similar 25-year 421-a timetable