1 Pierrepont Street

The building presents thirteen stories of prewar masonry with Gothic detailing, per LPC's district records — a vertical accent among the mansards and brownstone cornices of Pierrepont Place. With the corporation's records describing 24 apartments over thirteen residential floors, the arithmetic implies large, half-floor-scale homes rather than the four-to-a-floor lines typical of the Heights' interwar mid-rises; unit-by-unit layouts vary with a century of alterations and combinations, and the stock ledger governs. Upper floors clear the low-rise fabric to the west, where the district's height limit protects outlooks toward the harbor; light, exposure, and renovation condition drive value apartment by apartment. As with any building of this vintage, buyers should ask which systems are original and which have been replaced — risers, elevator, electrical service — and expect recurring LL11 façade work, which appears as a line item in the corporation's documented financial history.

One Pierrepont Street Corporation operates the building with union staff — its employees participate in a multiemployer pension and health fund, per the audited financial statements, a marker of a conventionally staffed prewar co-op. The documented financial record in The Roebling Research Library (audited statements spanning 2002 through 2010) shows a conservatively run corporation: a modest underlying mortgage at 5 percent that amortized toward a 2018 maturity, an unused $500,000 revolving line of credit, and apartment transfer fees contributing meaningfully to revenue in the documented years. No current managing agent is publicly documented; management, staffing, the corporation's current underlying mortgage, and the capital plan should be confirmed during diligence.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $2,500/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 8.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00234-0008). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

This is an original co-op, and the paper is different. There is no conversion plan or sponsor file; diligence runs on the bylaws, proprietary lease, financials, and board minutes. We hold the core documents and use them as the starting point.

Reconcile the unit count. City records say 26 units; the corporation's audited statements describe 24. Combinations are the likely explanation, and the stock ledger is the authority.

Budget for a documented transfer fee. The corporation's financials record apartment transfer fees as recurring revenue; confirm the current rate and who pays it before you model net proceeds or purchase costs.

Expect board-set policies with no public record. Sublet, pet, financing, and pied-à-terre rules are undocumented publicly; we confirm them directly at offer stage as standard practice.

Building age does not tell you system age. Ask for the dates and scope of riser, elevator and electrical replacements, the capital history, the current underlying mortgage terms, and any planned assessments — the documented record shows recurring façade work, as expected for the vintage.

Lead with the position. Promenade-corner location, thirteen-story height, and harbor-side light are the search terms that surface this building; they anchor the premium over the neighborhood's interwar mid-rises.

Market the original-cooperative pedigree. A 1925 corporation with a century of continuous self-governance is a stability story sophisticated buyers respond to — support it with the financials.

Price against the large-apartment comp set. The right comparables are the Heights' grand prewar co-ops and Promenade-block buildings, and townhouse alternatives at the margin — several years of thin trading history at the building itself makes current comps essential.

Have the numbers ready. Buyers' attorneys will ask about the transfer fee, the underlying mortgage, and the capital plan; a clean package keeps deals on schedule.

If you're considering 1 Pierrepont Street, also evaluate:

• 35 Pierrepont Street — prewar co-op peer two blocks east on the same street
• 160 Columbia Heights — Caughey's 1937 Art Moderne co-op on the bluff; the closest architectural kin
• 129 Columbia Heights — harbor-side prewar co-op neighbor
• 2 Montague Terrace — boutique Promenade-block co-op two blocks south
• 10 Montague Terrace — small Promenade-block prewar co-op
• 57 Montague Street (The Breukelen) — Caughey's full-service co-op at the Promenade end of Montague
• 65 Montague Street — interwar elevator co-op around the corner; the value alternative
• 145 Hicks Street — larger north-Heights prewar co-op