Completed in 1953, the co-op complex comprising three handsome red brick buildings stretches just over half a block between Knapp Street and Plumb 1st Street in Gerritsen Beach. The midcentury co-op is great for “first-time homeowners” or “buyers looking for good value,” according to Ronit Abraham, a broker at Compass, who has sold two units in the building. With units starting just below $140,000 and three-bedrooms listing below $300,000, the co-op offers spacious apartments with no-frills at accessible price points. Plus, many buyers are comforted by the fact that the building is 100% owner occupied, ensuring a significantly lower turnover rate and higher property values.
Spacious layouts with formal living areas and just one bathroom
The building complex consists of three six-story buildings with 162 residences, ranging from one- to three-bedrooms. Completed 1953, the midcentury floorplans were designed to minimize space with liberally proportioned living rooms, numerous deep closets, salon-like foyers, formal dining rooms and wide hallways and big bedrooms. Units don’t come on the market often, least of all three-bedrooms. One-bedrooms, spanning 680 to 800 square feet, feature palatially sized foyers and windowed kitchens with sperate dinettes; a unit was listed in August 2024 for $185,000. Two-bedrooms, averaging 950 square feet, have layouts with sizable bedrooms, huge living rooms, spacious eat-in kitchen, but only have one bathroom; the last sale closed at $270,000 in August 2023. Three-bedrooms fluctuate from 900 to 1,200 square feet, comprising a configuration with just one bathroom and a hallway connecting two side-by-side secondary bedrooms and a primary bedroom with two walk-in closets; the most recent transaction netted $255,000 in August 2021.
Rules, regulation, monthly maintenance fees
The co-op has moderate monthly maintenance fees on par with similar midcentury co-ops in the neighborhood. For example, a two-bedroom that was listed for $250,000 in October 2024 itemizes $1,139 in monthlies. Comparatively, 2209 Knapp Street listed a two-bedroom in September 2024 for $304,000 with $1,331 in monthly fees. Charges include taxes and all the utilities: water, gas, heat and electricity. Additional costs include a $900 per share flip tax and $23.90 per air conditioning unit monthly. Investors be warned: no subletting permitted.
A full -service building with basic amenities
This midcentury, no-frills building doesn’t offer a luxurious suite of amenities like many new condo high rise, but it does offer conveniences that make living easier and more comfortable. For day-to-day odd and ends, the elevator building is staffed with a round-the clock doorman, a live-in superintendent and part-time maintenance staff. On the lower level, there is a sizable community laundry room with big folding tables and a storage area with rentable spaces. On the same subterranean level, residents can find a parking garage, that is, of course, waitlisted. However, according to Abraham, the area is known for its easy street parking. “The ground around the building have benches for outdoor enjoyment and the building and is impeccably maintained,” says Abraham.
A quiet waterfront enclave rooted in outdoor recreation and locally owned businesses
Known for its active, outdoorsy community, this secluded neighborhood is rich in green space. Brooklyn’s largest park, Marine Park, is known for its 530 acres of preserved grassy parklands and salt marsh with outposts for various activities: an 18-hole golf course, Seba Skate Park, kayak/canoe launch sites, The Kiddie Beach, bocce courts and multiple playgrounds. For those who enjoy fishing, a legendary bait and tackle shop in the vicinity, Bernie’s, sells rockfish candy, live eels and shiners seven days a week. Fort Tilden, a former United States Army installation, is also nearby, offering laid-back, quiet beaches (and sometimes a few unclothed sunbathers). Back inland, the main drag, Gerritsen Avenue, is dotted with locally owned dive bars, pizzerias, bodegas, barber shops, nail salons and shops. Knapp Street is home to a number of conveniences, including Walgreens, Public Storage, a Shell filling station and a Tim Horton’s. For groceries, residents can shop at the local bodegas or travel to Sheepshead Bay to the Stop & Shop or Key Food.
A few environmental factors to consider
There is a public elementary school, P.S. 194 Raoul Wallenberg, directly across the street; it has a humongous outdoor recreation area with a playground, basketball courts and Amity Little League Stadium. Between school bus loading and unloading and Little League games, it might get a bit nosy depending on the time of day. Additionally, residents should be aware of the in-reach sewage plant, Coney Island Wastewater Treatment, which is less than three avenue blocks south on Knapp Street. The forewarning should be taken lightly, as the facility underwent a significant upgrade in 2021, having had its old equipment replaced with six sewage pumps, discharge piping, force main and valves, which consume 20% less electricity than the old equipment used continuously since 1980. Furthermore, the neighborhood is subject to flooding. As a part of New York City’s Resilient Neighborhoods initiative, the Department of City Planning has been working with the Gerritsen Beach community to “identify changes to zoning and land use and other actions that support the continued vitality of this neighborhood, reduce its risk associated with coastal flooding, and ensure the long-term resiliency of its built environment.”
A remote location that is not readily accessible
Tucked away along the outskirts of Sheepshead Bay, on the other side of the Shell Bank Creek, this pocket of Gerritsen Beach is far removed. The subway in Sheepshead Bay is not easily walkable but accessible via bus. The nearest station, Kings Highway at East 16th Street, provides access to the B and Q trains. However, the BM4 Super Express bus brings residents to Midtown Manhattan via Madison Avenue for $7 each way. Meanwhile, car owners can get around more easily via major highways, including Belt Parkway, Leif Ericson Drive and Shore Parkway.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Bikeable
Bike Score®
65/ 100
Very Walkable
Walk Score®
86/ 100
Good Transit
Transit Score®
62/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Marine Park
14 min walk
Baseball/Softball
Basketball
Boating
Galapo playground
15 min walk
Trails
Playground
Waterpark
Seba Playground
2 min drive
Baseball/Softball
Skateboard
Playground
Sheepshead Playground
2 min drive
Basketball
Trails
Playground
Bill Brown Memorial Playground
3 min drive
Basketball
Picnic Area
Soccer
Lew Fidler Park
4 min drive
Bike Trails
Picnic Area
Trails
Fraser Square
4 min drive
Picnic Area
Walking Paths
Kelly Playground
5 min drive
Power Playground
5 min drive
Basketball
Playground
Schools
Source:
GreatSchools:
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