113 Fourth Avenue

The Petersfield runs as a full-service condominium: a 24-hour doorman, a roof deck, and a package room. The building is pet-friendly. As a condominium, governance is light — a right-of-first-refusal rather than a co-op board package and interview, no financing cap, and customary acceptance of pied-à-terre, trust, and LLC ownership. Subletting is materially freer than at the surrounding co-op conversions, which makes The Petersfield attractive to buyers who want flexibility at a Union Square address.

With 70 residences, The Petersfield turns over at a steady, moderate cadence — a handful of resales in a typical year across the loft layouts. Pricing tracks the Union Square / Greenwich Village condominium tier: the combination of pre-war loft character, full-service operation, condominium flexibility, and a transit-rich location supports solid value, with the larger, corner, and renovated homes commanding the premiums. The auto-generated sales record reflects recorded transfers as they post.

This is a Union Square loft condominium with full-service operation. Financing is flexible — no co-op cap. There is no board interview — a right-of-first-refusal clears the purchase. Pied-à-terre, LLC, and trust ownership are customary, the building is pet-friendly, and subletting is far freer than at the area's co-op conversions. The product to study is the line: ceiling height, window count, and corner exposure vary across the floor-plates, and the larger and renovated homes are the premium inventory. The location is the durable asset — atop the Union Square transit hub, in the middle of the Village's retail and dining. We help buyers read the resale history and weigh The Petersfield against the surrounding condominium stock.

Lead with the location and the structure. A full-service loft condominium steps from Union Square — with the financing and sublet flexibility a co-op conversion can't match — appeals to a broad downtown buyer pool. Present the loft's strengths — ceiling height, light, corner exposure, any renovation — and benchmark to the Union Square / Village condominium market. The right-of-first-refusal keeps the closing faster and more predictable than a co-op board process, itself a selling point to the flexibility-minded buyer this building attracts. A well-presented corner or renovated home competes against limited comparable supply.

If you're considering The Petersfield, also evaluate the Union Square and Village condominium and loft addresses nearby:

• 111 Fourth Avenue — pre-war loft building on the same block
• 111 Third Avenue — full-service building near Union Square
• 240 Park Avenue South — full-service condominium nearby
• 260 Park Avenue South — pre-war condominium on Park Avenue South
• 205 Third Avenue — full-service building in the Gramercy/Union Square area
• 230 East 20th Street — Gramercy-edge building nearby

The Roebling Team at Compass specializes in the Union Square, Greenwich Village, and Gramercy corridors — the pre-war loft conversions, the full-service condominiums, and the cooperatives that fill the blocks around the park and the square. We publish this profile because downtown buyers and sellers deserve building-specific intelligence: how a loft condominium like The Petersfield trades, what the larger and corner homes are worth, and how to position a resale against the area's condominium inventory.

If you're considering a purchase or sale at The Petersfield, a 30-minute consultation is the right starting point.