- Year built
- 2007
- Type
- Condominium
- Units
- 23
- Floors
- 8
- Landmark
- No
- Financing
- 20 percent minimum down per listing records
Every recorded sale at this building, 2019–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Recorded sales
- 15
- On record
- 2019–2026
One Avenue B holds a structurally scarce position: it is one of the very few purpose-built, staffed condominiums in Alphabet City, a corridor whose housing stock is otherwise tenement walk-ups, pre-war co-ops, and rentals. For buyers who want condominium transfer mechanics — no board interview, flexibility for pieds-à-terre, trusts, and investors within the by-laws — at the East Village's southern gateway, the building has had essentially no like-for-like neighbor since it opened in 2007.
The site history is a compact piece of neighborhood transformation. The triangular corner lot at Avenue B and East Houston had been a Gaseteria gas station since the 1950s, owned by the Porcelli family — the same family whose development company, LargaVista Companies, ultimately built the condominium through its sponsor entity Paco East Houston LLC. Before construction, the developer negotiated a remedial action plan with the State Department of Environmental Conservation and bio-remediated petroleum contamination in the soil and groundwater, per development records — a documented environmental closure that diligence counsel should find reassuring rather than alarming. The Declaration of the Condominium was recorded in May 2007 and the first unit closed that June, per the amendments on file in The Roebling Research Library.
What the building delivers day to day is a condo product calibrated to its corner: 23 residences with floor-to-ceiling glass, a lobby that doubles as gallery space, a fitness room with a Pilates/yoga studio, a roof deck, and a ground-floor bank branch anchoring the retail. The corner siting buys the upper floors open southern light across Houston Street's low-rise roofline — an exposure that benefits from the wide street in front of it — with Tompkins Square Park a short walk north and the Lower East Side's restaurant rows immediately south.
Architecture and unit composition
The building is an 8-story contemporary mid-rise of roughly 40,000 square feet, its massing stretched along East Houston Street rather than stacked on the avenue — city records show a building frontage of over 400 feet of wrap on a 48-foot-deep lot. The 23 residences ran from 456-square-foot studios to 1,252-square-foot two-bedrooms at offering, with select balconies and a penthouse tier above; one penthouse was held by the sponsor and offered above $2 million in the 2008 amendment cycle, per the documents on file. Finishes at offering included Brazilian cherry-wood floors, slate bathrooms with oversized soaking tubs, and in-unit washer/dryers in every residence. Listing records describe one penthouse subsequently reworked by the international design firm SAOTA with an extensive wraparound terrace — the building's trophy unit. South-facing lines over Houston carry the protected light; the Avenue B corner faces the East Village streetscape.
Building operations
Operations run on a boutique-condo model: a part-time doorman supported by a full-time building manager per listing records, with a fitness center and yoga/Pilates studio, roof deck, a second-floor sundeck with an entertainment room per listing records, bike room, private storage, and a vehicle loading area at the entrance — a genuine rarity on this corner. The commercial unit (a retail bank branch since the building's earliest years) and a community-facility unit sit in the condominium structure alongside the residences; buyers should understand the mixed-use governance during diligence. The offering-plan amendments on file document the sponsor's 421-a filing, the working capital fund mechanics, and the first board composition.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jan 15, 2026 | 5A | $800,000 |
| Jun 9, 2025 | 7 | $1,312,351.2 |
| May 9, 2025 | 1 | $3,250,000 |
| Aug 2, 2024 | 3E | $1,450,000 |
| Oct 31, 2023 | 5C | $930,000 |
| Jul 21, 2023 | — | $4,300,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00384-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What to know if you’re buying
The condo structure is the scarcity. Alphabet City offers almost no purpose-built condominium product with staff. If your profile — pied-à-terre, LLC or trust structure, investor intent — doesn't fit the co-op stock that dominates the East Village, this building is on a very short list. Confirm specific structures against the by-laws with your attorney.
Underwrite the tax line, not just the common charges. The building carried 421-a benefits at offering per the amendments on file; those benefits phase out by statute, and current assessments should be verified unit by unit. Run the True Monthly Carrying Cost Calculator on real current numbers.
The corner is a tradeoff you should price honestly. Houston Street is one of downtown's principal crosstown arteries: the southern exposure is open and bright, and it is also trafficked. Spend time in the specific unit at rush hour and on a weekend night before offering.
Transit is good, not doorstep. The F and J/M/Z at Delancey–Essex are about a third of a mile; the M14 and M21 buses and CitiBike fill the gap. Price your own commute.
The environmental file is closed — read it anyway. The DEC-negotiated remediation of the former gas-station site is documented in development records. Your attorney should confirm the closure documentation as a routine diligence item.
Verify the policy stack. Pet rules, sublet terms, and any transfer fees are thinly documented publicly. We verify against the condominium documents during diligence.
What to know if you’re selling
Market the structure, not just the finishes. Your buyer pool includes purchasers who have been turned away from, or priced out of, co-op boards across the East Village — and parents, investors, and foreign buyers the co-op stock can't accommodate. The condominium mechanics are the headline; lead with them.
Position against the corridor's newer condos, on value. Buyers cross-shopping Steiner East Village or the newer Lower East Side towers will find materially higher price points there. One Avenue B's argument is the same neighborhood at boutique scale with staff — make the per-foot comparison explicit.
Light and line drive the spread. South-facing Houston-front units and the penthouse tier clear at premiums; interior and lower-floor units price to the corridor. Same-line history matters more than building averages in a 23-unit building — we maintain it in the Research Library.
Comparable buildings
If you're considering 1 Avenue B, also evaluate:
- 143 Avenue B (Christodora House) — the corridor's pre-war condo tower on Tompkins Square; the history-and-views alternative
- 438 East 12th Street (Steiner East Village) — the East Village's amenity-rich condo step-up
- 100 Avenue A — boutique condo a few blocks north on the avenue
- 250 East Houston Street — larger full-service condo west along the Houston corridor
- 196 Orchard — full-amenity Lower East Side condo south of Houston
- 215 Chrystie Street — the downtown luxury-condo benchmark to the west
- 50 Clinton Street — boutique Lower East Side condo
- Blue (105 Norfolk Street) — the design-forward Lower East Side condo peer
The Roebling Team at One Avenue B
The Roebling Team at Compass works the East Village / NoHo and Lower East Side corridors as a core practice area. We publish this building profile because buyers and sellers at One Avenue B deserve building-specific intelligence — sponsor documentation, tax posture, and condo-stock comparables — not generic neighborhood commentary.
If you're considering a transaction at 1 Avenue B, a 30-minute consultation is the right starting point.