240 19th Street is a planned 37-condo building on the corner of 5th Avenue in the South Slope, which makes it the largest pending condo filing I'm tracking in Park Slope. The site sits between the R at Prospect Avenue and the main gate of Green-Wood Cemetery. The sponsor is Psz5 LLC.
Where Things Stand
The offering plan for 240 19th Street showed up in filing reports on October 19, 2026, and is awaiting acceptance by the New York State Attorney General. No homes 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 were accepted 5 to 9 months after filing (about 7 months is typical), which points to acceptance between roughly March and July 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
37 condos, on a corner lot at 5th Avenue and 19th Street
A projected sellout of $52,240,000 listed with the filing, an average of about $1.4 million per home
Likely a mix weighted toward one- and two-bedroom homes, based on that average (the final mix isn't public yet)
Offering plan filed: reported October 19, 2026
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.
A Closer Look at the Building
Thirty-seven homes is a big number for this part of Brooklyn, where most new condo buildings have somewhere between two and twelve. A building this size usually means more choice of layouts and floors, and a better chance of finding the right home without waiting for the next small project. City records still show the older three-story walk-up on the corner, so the new building's height, amenities and whether it has an elevator aren't public yet. Those details, along with finishes and common charges, will come with the accepted plan.
Park Slope Highlights
Park Slope is the Brooklyn neighborhood most people picture when they picture Brooklyn: brownstone-lined blocks, Prospect Park at your doorstep, and the shops and restaurants of 5th and 7th Avenues. 240 19th Street sits at the southern end of the South Slope, where 5th Avenue's restaurants and bars run right past the door and Green-Wood Cemetery is a few blocks away.
The R at Prospect Avenue, about a 6-minute walk
The R at 25th Street, about 8 minutes
Green-Wood Cemetery's main gate at 25th Street, about a 7-minute walk
Katie's Take
I track every new development filing in Brooklyn, and 240 19th Street is the largest pending filing in Park Slope, ahead of 150 Prospect Park West's 30 homes and well beyond the 4 to 10 home buildings that make up most of the South Slope pipeline. Its average of about $1.4 million per home points to smaller layouts than nearby family-size projects like 308 14th Street, so it is likely to be one of the more approachable ways into South Slope new construction. The Linden at 280 19th Street, a few doors down, was accepted about seven months after filing, so if this one follows a similar path, pricing could be public by late spring 2027.
Your next Brooklyn home may be closer than you think. Let's talk.