111 East 10th Street

The five houses at Nos. 109–117 went up in 1856, four by Miller & Giles and No. 117 for James Thorburn, per the LPC building database. The stoops at Nos. 109, 111 and 113 were removed in 1919. Since then those three houses have been served by a single basement entrance, which the LPC record notes. That arrangement probably explains why the corporation's audited statements describe the property as four buildings where LPC counts six houses.

No. 119 is the oldest house on the lot. Per historical records, Joseph Russell built it in 1845 as a speculative house, 26 feet wide, three and a half stories on a brownstone basement. It had iron stoop railings wrapped around finial-topped newels on fluted stone drums and a double-doored entrance in an eared brownstone frame. St. Mark's Church bought the house in 1920 and modernized it, as The New-York Tribune reported at the time. Historical records date the conversion of No. 119 to apartments, roughly one per floor, to a renovation completed in 1985.

Apartments appear to be numbered across the whole property rather than house by house, with basement units designated separately. The record shows combinations: apartments 1 and 2 have traded together, and so have 6 and 8. The corporation's treasury holdings are documented. It bought the superintendent's apartment (No. 1 at 111) from the sponsor in 1989, and in 1993 the holder of unsold shares surrendered three apartments to the corporation. The corporation sold one of those in 1998 and another in 2015. At the end of 2016 it still held the superintendent's apartment and one other apartment, which it rented, plus a small office space leased out.

Façade and capital work. The 2015–2016 audited statements record a façade contract of about $675,000, begun in 2015 and expected to finish in 2017. DOB's 2016 permit describes it as a limited façade program: raising five window assemblies, replacing brick, replacing skylights and replacing brownstone window lintels. The 2015 sale of a corporation-owned apartment gave the corporation the cash to pay for it. The 1990 statements list the first round of post-conversion work: hallway reconstruction, electrical rewiring, waterproofing, the superintendent's apartment, and a new oil burner and oil lines. The row houses are below the height threshold for Local Law 11. Ask the managing agent whether the 2015 program closed out and what the next masonry cycle looks like.

Debt. Underlying debt was small in the years the documents on file cover. The 2016 audited statements describe a $275,000 National Cooperative Bank loan at 4.25 percent, taken in December 2015 to refinance an older NCB loan and due January 1, 2026. ACRIS records a December 2025 refinancing with the same lender: a consolidated $225,000 mortgage and a separate $150,000 mortgage. The terms and current balances of the new loans are not in the documents on file; obtain them before characterizing the corporation's current leverage.

Reserves and budget. Cash and reserve funds were close to $1.4 million at the end of 2016, part of it board-designated for major repairs. There was no reserve study; the auditor noted that estimates of future major repairs had been omitted. Real estate tax is about half of operating expense in the 2017 budget on file, and the building was heated with oil at that time. These figures are nine years old. Ask for the current statements.

Tax. Department of Finance J-51 history shows one abatement, begun in the 1995 tax year on $31,000 of certified cost and fully credited by 2006. The audited statements describe the city's cooperative abatement credited to eligible shareholders. Department of Finance abatement records for the 2024 tax year show that application coded as not active. Confirm the building's current abatement status with the managing agent.

Sponsor position. None. The holder of unsold shares surrendered its remaining apartments in 1993. What remains is corporation-owned treasury stock, described above.

From the house rules (revised February 2007), purchase application and audited financial statements on file. The rules may have been amended since; confirm with the managing agent.

• Flip tax: 15 percent of gross profit as defined in the offering plan, less specified deductions. The same formula appears in the 1990 statements.
• Subletting: board approval and an interview with the sub-tenant; minimum one year, maximum two years in any four; fee of 30 percent of monthly maintenance. A guest staying a month or more is treated as a sublet.
• Pets: customary house pets, dogs included, subject to a nuisance standard. Dogs must be leashed in public areas, the garden and on the roof.
• Roof: only top-floor shareholders with roof rights, except in an emergency.
• Fireplaces: may be used only if lined and equipped; guests may not use them.
• Washers, dryers and dishwashers: removable machines at the board's discretion after engineer review.
• Smoking: prohibited in all public areas, including the garden and roof.
• Financing: permitted; the purchase package requires the loan commitment and recognition agreements. The financing ceiling, minimum down payment and post-closing liquidity standard are not stated.

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 (2018): a median $2,062/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 0.0% from the last ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00466-0048). 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.

The sculptor Alexander Stirling Calder and his son Alexander Calder, the artist best known for his mobiles, lived at No. 119 in the mid-1920s, per historical records. In the catalogue of the Society of Independent Artists' 1925 exhibition, the younger Calder gave 119 East Tenth Street as his address.

This is a share purchase in a townhouse co-op. Expect a board package, an interview and board discretion. The documents on file do not state a financing ceiling or liquidity test. Get them from the managing agent, then run the Co-op Board Qualification Calculator against your own numbers.

Price in the flip tax. At 15 percent of profit, it matters on resale. Read the offering plan's definition of gross profit and the permitted deductions.

Ask what the 2025 refinancing funded. The recorded amounts are small, but a second instrument alongside the consolidation can mean new money for a project.

Sublet flexibility is real but capped. Two years in any four, a board interview for the sub-tenant, and 30 percent of maintenance while the sublet runs. Buyers planning for a later sublet should run the numbers with the fee included.

Budget for landmark review. Windows, stoops, the areaway and anything visible from East 10th Street go through LPC.

Know which house you are in. Stairs, entrance, roof rights and garden access differ from house to house. Walk the route from the street to the apartment.

Lead with the houses and the block. Six 1840s–1850s row houses on the St. Mark's Church blockfront, facing the Renwick Triangle, in a 1969 historic district.

Bring the documents. This building has a strong paper trail: offering plan, audited statements, house rules and a documented flip tax. Hand the buyer's attorney current financials, the 2025 loan terms and the status of the façade program up front.

Net the flip tax before you set the ask. Calculate the 15 percent profit-based fee from the governing definition first; the Seller Closing Cost Calculator takes a flip tax only as a percentage of sale price, so add the fee separately.

If you're considering 111 East 10th Street, also evaluate:

• 121 East 10th Street — the separate 25-residence cooperative next door on the same blockfront, also in the St. Mark's Historic District
• 103 East 10th Street — a prewar boutique cooperative on the same block, toward Third Avenue
• 205 East 10th Street — a 30-apartment prewar elevator cooperative across Second Avenue, outside the historic districts
• 87 St. Marks Place — a 25-unit walk-up cooperative assembled from three nineteenth-century row houses
• 16 East 11th Street — a sixteen-apartment cooperative made from two 1839 row houses combined in 1904
• 256 West 10th Street — Hudson Mews, a three-building cooperative that includes 1828 Federal row houses
• 226 West 11th Street — a seven-residence 1838 Greek Revival rowhouse cooperative in the West Village
• 115 East 9th Street — The St. Mark, the 1965 postwar cooperative nearby on East 9th Street; the elevator-building alternative