---
title: "196 Stanhope Street #RETAIL, New York City, NY 11237"
description: "196 Stanhope Street #RETAIL, New York City, NY 11237 — Bushwick, New York City, NY. Listing Price $2,250,000. Studio bed, 1 bath, 5,452 sqft Illustrative Buyer Commission Share of $33,750 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11237/196-stanhope-street-retail-RETAIL-ny-11237"
source: "Real Estate Rebate Team"
status: "Active"
---

# 196 Stanhope Street #RETAIL, New York City, NY 11237

Bushwick, New York City, NY

**New Development**

Courtesy of Compass

## At a Glance

- **Listing Price**: $2,250,000
- **Beds**: Studio
- **Baths**: 1
- **Sqft**: 5,452
- **Common Charges**: $1,880 / mo
- **Monthly Taxes**: $1,126 / mo
- **Price per Sqft**: $413
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $2,250,000
- **Illustrative Buyer Commission Share**: -$33,750*
- **Illustrative Net Cost**: $2,216,250

*Illustrative Buyer Savings of $33,750 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/93de377d-c6a1-4e73-a412-9db1a1c703fe.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3f0305f2-745e-4c7b-b31b-2b652bc01f8c.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5d69f801-e1e5-493e-a5d0-2b10e53ad5eb.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e63582ac-fd1d-4c23-bf42-6343fd047476.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f9e6f1c7-42b7-4ad7-a271-a53213594d1c.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/efbb0fc8-e02d-4340-b6ec-ae2e621693ea.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c0dcf52c-4e02-4ec9-8b1d-6b90a1210bfc.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0d6568da-d1ee-452a-a014-e48f6e67f44f.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c63463a-fd39-4dc4-934d-7f69c325e419.png)
![196 Stanhope Street #RETAIL, New York City, NY 11237 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/93ccd244-6d9e-4cd1-bd09-7ed088f5171e.png)

## Property Overview

New development condominium located in the heart of Bushwick, Brooklyn. This ground-floor retail condo presents an exceptional opportunity for owner/users or investors to secure a highly visible storefront in one of Bushwick’s most dynamic and vibrant corridors. 

Situated steps from the L and M lines with strong pedestrian activity and surrounded by cafes, boutiques, galleries, and neighborhood amenities, the space is ideal for a variety of uses. The offering benefits from flexible build-to-suit options, and direct access to one of Brooklyn’s fast evolving commercial districts. 

With limited retail inventory in newly developed mixed-use buildings and growing demand from local operators, this is a rare opportunity to establish a presence in a neighborhood defined by creativity, connectivity, and ongoing investment.

## Property Details

- **Property Type**: Mixed Use
- **Baths**: 1
- **Sqft**: 5,452 sqft
- **Stories**: 2
- **Year Built**: 2025
- **Price per Sqft**: $413
- **Common Charges**: $1,879.69 / Monthly
- **Monthly Taxes**: $1,126 / mo
- **Listed On**: Mar 13, 2026
- **Days on Market**: 183 Days

### Residence Features

- See Remarks

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## Sales Evidence

### Recent closed sales

One apartment at 196 Stanhope Street has a recorded sale since September 2021, the most recent for $1,153,000 in December 2021. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| Entire property (Single Family Residence) | 5 | 1,840 | $1,153,000 | $627/ft² | December 10, 2021 | MLS |

### How this price compares

The median closed price for comparable condo studio sales in Bushwick is $380,000, based on 3 sales between March 2025 and April 2026. This home is asking $2,250,000, $1,870,000 above that median. The middle half of those sales closed between $352,500 and $435,000.

- **Median closed price**: $380,000
- **Middle half**: $352,500 – $435,000
- **Based on**: 3 condo studio sales in Bushwick
- **Period**: March 2025 – April 2026
- **Median $/ft²**: $765/ft²

Across the 3 of these sales with a published asking price, the median closed at 97.4% of what it originally asked. 100% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Bushwick instead.

### How these sales were negotiated

- **Sold vs original ask**: 97.4% of the original ask
- **Closed below ask**: 100% of 3 sales
- **Listed → in contract**: 127 days (about 18 weeks)
- **In contract → closed**: 61 days (about 9 weeks)

Across the 3 of these sales with a published asking price, the median closed at 97.4% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 127 days (about 18 weeks) of coming to market, based on the 3 with a recorded listing date.

Once a deal was agreed, closing took a further 61 days (about 9 weeks), based on the 3 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 3 condo studio sales in Bushwick, March 2025 – April 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 196 Stanhope Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/196-stanhope-street)

## Price and Property History for 196 Stanhope Street, Unit RETAIL

Review the recorded listing activity for 196 Stanhope Street, Unit RETAIL, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $245,000, or 9.8%, on June 18, 2026
- **Originally listed**: April 7, 2025 at $2,495,000
- **Current asking price**: $2,250,000

| Date | Price | Listing event |
| --- | --- | --- |
| June 18, 2026 | $2,250,000 | Asking price reduced by $245,000, or 9.8% |
| April 7, 2025 | $2,495,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 196 Stanhope Street #RETAIL were $69,413 in 2026, up 365.3% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $555,300 | $100,800 | $454,500 | $555,300 | $69,413 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $241,650 | $100,800 | $140,850 | $119,337 | $14,917 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $71,160 | $13,440 | $57,720 | $11,572 | $2,324 | 20.085% |
| 2023 (FY 2023/24) | $62,880 | $13,440 | $49,440 | $10,926 | $2,194 | 20.085% |
| 2022 (FY 2022/23) | $66,780 | $13,440 | $53,340 | $10,318 | $2,095 | 20.309% |
| 2021 (FY 2021/22) | $51,540 | $13,440 | $38,100 | $9,742 | $1,945 | 19.963% |
| 2020 (FY 2020/21) | $62,460 | $13,440 | $49,020 | $9,731 | $2,048 | 21.045% |
| 2019 (FY 2019/20) | $59,100 | $13,440 | $45,660 | $9,643 | $2,041 | 21.167% |
| 2018 (FY 2018/19) | $9,105 | — | — | $9,105 | $1,905 | 20.919% |
| 2017 (FY 2017/18) | $8,598 | — | — | $8,598 | $1,753 | 20.385% |
| 2016 (FY 2016/17) | $8,118 | — | — | $8,118 | $1,623 | 19.991% |
| 2015 (FY 2015/16) | $8,109 | — | — | $8,109 | $1,586 | 19.554% |
| 2014 (FY 2014/15) | $8,036 | — | — | $8,036 | $1,539 | 19.157% |
| 2013 (FY 2013/14) | $7,588 | — | — | $7,588 | $1,456 | 19.191% |
| 2012 (FY 2012/13) | $7,165 | — | — | $7,165 | $1,330 | 18.569% |
| 2011 (FY 2011/12) | $6,765 | — | — | $6,765 | $1,232 | 18.205% |
| 2010 (FY 2010/11) | $6,758 | — | — | $6,758 | $1,173 | 17.364% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 3032680032. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 196 Stanhope Street

196 Stanhope Street, Brooklyn, NY 11237

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 2025
- **Total Units**: 1
- **Floors**: 2

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/196-stanhope-street)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [RETAIL](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11237/196-stanhope-street-retail-RETAIL-ny-11237) | Studio | 1 | 5,452 sqft | $413 | $2,250,000 (-9.8%) | Compass | Mar 13, 2026 | 182 days |

## Estimated Monthly Payment

**$14,383 / month**, assuming a 20% down payment ($450,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $11,377
- **Property Taxes**: $1,126
- **Common Charges**: $1,880

Estimates only. Actual payments may vary. Confirm terms with your lender.

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## Bushwick

Overview of Bushwick

[Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Bushwick

- [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood)
- [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg)
- [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights)
- [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale)
- [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills)

## Related Links

- [196 Stanhope Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/196-stanhope-street)
- [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.