598 16th Street is a five-home condo building in Windsor Terrace, steps from where Prospect Park Southwest curves, which makes it basically a park block. An existing three-story house is being enlarged to five stories with one home per floor, and the project is listed with an elevator and parking, a rare combination at this scale.
Where Things Stand
The offering plan for 598 16th Street was submitted to the New York State Attorney General on June 24, 2026, making it one of the freshest filings I'm tracking. No homes are for sale yet, there is no public pricing, and the building isn't on StreetEasy.
Across the 55 Brooklyn projects I've tracked from filing to acceptance, the typical wait was about 7 months, and most landed between 5 and 9 months, which points to acceptance between roughly November 2026 and March 2027. The legal review runs in parallel with construction, so acceptance doesn't mean the homes are ready. Join my early access list below and you'll hear about pricing and launch timing before it reaches StreetEasy.
What We Know So Far
Five residences across five floors, likely one home per floor
About 7,962 square feet of total floor area on the building permit, so homes likely average about 1,600 square feet
Likely three- and four-bedroom homes; the lower and top floors will likely have outdoor space
A projected sellout of $11,045,000 listed with the filing, an average of just over $2.2 million per home
Offering plan submitted June 24, 2026
What's next: the Attorney General's review typically takes several months, and pricing becomes public once the plan is accepted.
Buying in a New Development?
New construction works differently than a resale: offering plans, sponsor contracts, closing costs and timelines all have their own rules.
A Closer Look at the Building
Five homes with an elevator is a genuine rarity at this scale, and it opens the building up to buyers who want single-level living close to the park. Most small projects like this one mean several flights of stairs. Parking is listed too, which is unusual for a building this size in the neighborhood.
Windsor Terrace Highlights
Windsor Terrace is one of Brooklyn's calmer, most neighborly pockets, tucked between Prospect Park and Green-Wood Cemetery. It offers the green space that draws people to the west side of the park, with a quieter, more residential rhythm than its larger neighbors and an easy connection into Manhattan.
The F and G at 15th Street-Prospect Park, about a 6-minute walk
The B and Q at Prospect Park and the Q at Parkside Avenue, each about 14 minutes
Prospect Park, about a block away
Katie's Take
I track every new development filing in Brooklyn, and 598 16th Street is one of only two condo filings in Windsor Terrace right now, alongside 92 Prospect Park Southwest. The projected average of about $2.2 million a home likely works out to roughly $1,390 a square foot, close to the $1,372 asking at 23 Ocean Parkway, the neighborhood's large new building, but here in a five-home elevator building by the park. If you want Park Slope-size homes with an elevator for less than Park Slope's $1,449 to $1,941 a foot, this is the one to follow.
Your next Brooklyn home may be closer than you think. Let's talk.