A 1931 Greenpoint Building Becomes Three Boutique Condos at 154 Russell Street

Nov 1

154 Russell Street is a three-unit condominium conversion of a 1931 Greenpoint walk-up, about a 7-minute walk from the G at Nassau Avenue. Turning a piece of the neighborhood's older building stock into new homes is a quietly appealing project, and at three units it is about as intimate as ownership gets.

Where Things Stand

The offering plan for 154 Russell Street was submitted to the New York State Attorney General on April 20, 2026, and is awaiting acceptance. No units are for sale yet, there is no public pricing, and reservations can't be taken. Across the 55 Brooklyn projects I've tracked from filing to acceptance, most took 5 to 9 months (about 7 months is typical), which points to acceptance between roughly September 2026 and January 2027. Join my early access list below and you'll hear about pricing and launch timing before it reaches StreetEasy.

What We Know So Far

Three residences across three floors, no commercial space
About 6,300 square feet of total floor area in the current Department of Buildings filing
Likely comfortable, full-floor-style homes, with three-bedrooms the likely layout
Offering plan filed April 20, 2026, by the sponsor, 154 Russell St LLC
What's next: Attorney General 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.

Read my guide to buying a new development condo →

A Closer Look at the Building

The 1931 walk-up is being renovated rather than torn down, so the building keeps its Greenpoint scale while the homes inside are new. The building filings are under The Vilnits Group. Marketproof lists walk-up access and an intercom. Finishes, outdoor space and final layouts aren't public yet.

Greenpoint Highlights

Greenpoint is Brooklyn's northernmost neighborhood, a former industrial waterfront enclave now known for its Polish heritage, the restaurants and shops along Manhattan and Franklin Avenues, and a growing string of waterfront parks with Manhattan skyline views. The G train and the East River Ferry connect it to the rest of the city.

The G at Nassau Avenue, about a 7-minute walk
The L at Graham Avenue, within about 16 minutes
Manhattan and Franklin Avenue shopping and the waterfront, all close by

Katie's Take

I track every new development filing in Brooklyn, and this one stands out because three-unit condo conversions are rare in Greenpoint; the closest match in my tracker is 686 Leonard Street, which has sold two of its three homes. Homes here should be larger than most in the neighborhood's pipeline, closer to a floor-through apartment than a typical new-build unit. With only three homes, a single early conversation could matter, and acceptance is likely between September 2026 and January 2027.