117 East 37th Street
117 East 37th Street, New York, NY 10016
BBL 1008930014 · BIN 1019086
- Year built
- 1954
- Type
- Cooperative
- Units
- 54
- Floors
- 10
- Landmark
- No
- Amenities
- Live-in superintendent, elevator, central laundry, landscaped roof deck, private storage lockers, video surveillance, renovated lobby; pet-friendly with board approval. No doorman. Heat, hot water, and electricity included in maintenance per building records
- Financing
- Approximately 25% minimum down per building records — verify against current board policy at offer stage
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Listing discount
- 4.2%
- Recorded transfers
- 41
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 117 East 37th Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
117 East 37th Street is the entry-price Murray Hill co-op at its most functional: a 1954 post-war building of studios and junior units on a quiet townhouse block between Park and Lexington, with a maintenance package that folds in heat, hot water, and electricity and a co-op board that permits subletting and pied-à-terre use. In a corridor whose ownership stock is dominated by larger pre-war and post-war apartment houses, a building built almost entirely of small-footprint units is a specific product — the accessible ownership foot in the door in one of Midtown's most desirable residential pockets.
The economics are the thesis. Studios and junior-one-bedrooms here have traded in a band that puts ownership within reach where the surrounding full-service and larger-unit buildings do not — and the utilities-included maintenance structure makes the monthly carry unusually legible. The building's liberal sublet policy and openness to pied-à-terre, guarantor, and parent-buyer structures give it flexibility rare among co-ops at this price, which is why it supports both an owner-occupant base and an active rental sub-market within the ownership stock.
For buyers, the pull is location and price discipline together. The building sits within a short walk of Grand Central and the Lexington Avenue subway, the Park Avenue corridor, and the whole of Midtown's employment core — with a landscaped roof deck, a renovated lobby, and a live-in super handling the day-to-day.
Architecture and unit composition
The building rises ten stories in post-war red brick over a limestone base, with casement windows and a canopied entrance — roughly 31,000 square feet of residential area. The apartments are overwhelmingly studios and junior units, generally in the 400-to-550-square-foot range, the compact-footprint format that defines the building's price point and its buyer pool. This is a co-op priced and sold the traditional way — on ask, maintenance, and number of rooms, subject to board approval — and the small-unit mix keeps both purchase prices and maintenance figures accessible relative to the corridor's larger-apartment buildings.
Building operations
This is efficient post-war co-op ownership: a live-in superintendent, an elevator, central laundry, private storage, a landscaped roof deck, and a renovated lobby, with a maintenance charge that includes heat, hot water, and electricity — no doorman payroll to carry. The utilities-included structure makes the monthly figure unusually comparable across units. Cooperative governance here is a working board; the financial statements, house rules, and current sublet policy should be reviewed carefully during diligence, and we obtain current building documents from the managing agent for clients at offer stage. Buyers should also confirm the status of any recent façade or Local Law 11 work as part of financial diligence.
Local Law 97
- 2024–2029 annual penalty
- $11,001/yr
- 2030–2034 annual penalty
- $34,092/yr
- Per unit / month range
- $16 – $49
- Modeled exposure split equally across 58 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Flip tax
- 2.5% of purchase price (seller)
- Notable fees
- Sublet fee 15% of annual maintenance; transfer fee $850; max financing 75%
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Oct 16, 2025 | 4F | 1 BA | $485,000 | +0.0% | |
| Jul 10, 2024 | 9F | 1 BA · 550 sf | $465,000 | $845/sf | -7.0% |
| Jun 13, 2022 | 3A | 1 BA · 450 sf | $406,000 | $902/sf | -1.0% |
| Dec 22, 2021 | 5D | 1 BA · 550 sf | $430,000 | $782/sf | -5.5% |
| Nov 15, 2021 | 9A | 1 BA | $435,000 | -0.9% | |
| Jun 29, 2021 | 2D | 1 BA · 550 sf | $420,000 | $764/sf | -2.1% |
| Dec 17, 2018 | 2C | 1 BA · 425 sf | $425,000 | $1,000/sf | +0.0% |
| Mar 7, 2018 | 8F | $450,000 | +1.1% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $816/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2025. Median listing discount 2.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Nov 5, 2007 | 10B | $125,000 |
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 1-00893-0014). 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.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
This is a small-unit building. The stock is studios and junior units — the right product for a first purchase, a Midtown pied-à-terre, or an income unit, not for a buyer needing family space. Price accordingly.
The maintenance includes utilities. Heat, hot water, and electricity are folded into the maintenance charge, which makes the monthly carry legible but means the headline maintenance figure isn't directly comparable to buildings that bill utilities separately. Run the True Monthly Carrying Cost Calculator.
The sublet and use policy is liberal for a co-op. Subletting is generally permitted after three years, and pied-à-terre, guarantor, and parent-buyer structures are allowed — flexibility rare at this price. Confirm the current policy and any fees against the board at offer stage.
Diligence on building capital work applies. Confirm the status of recent façade / Local Law 11 activity and the reserve posture as part of financial review — a small co-op has a narrow base over which to spread capital costs.
Mansion tax is unlikely to apply. At this building's price band, closings sit well below the $1 million threshold — but confirm with the Mansion Tax Calculator if pricing a combined or renovated unit at the top of the range.
What to know if you’re selling
Market the price of entry and the flexibility. The pitch is accessible Murray Hill ownership with utilities-included maintenance and a liberal sublet policy — a combination that reaches first-time buyers, pied-à-terre buyers, and investors at once.
Same-building comps anchor cleanly. With a near-uniform small-unit stock, your own building's recent closings are a strong anchor — adjusted for floor, exposure, and condition.
Condition drives the spread. In a building of compact units, a fully renovated studio separates meaningfully from dated stock. Present the apartment to the buyer pool it's priced for.
Comparable buildings
If you're considering 117 East 37th Street, also evaluate:
- 303 East 57th Street — larger post-war Midtown East co-op; the amenity-and-scale counterpoint
- 322 East 57th Street — pre-war Midtown East co-op a few blocks north
- 117 East 57th Street — Midtown East condominium; the ownership-flexibility alternative
- 100 East 53rd Street — the full-service Midtown East condo tower; the new-construction counterpoint
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 117 East 37th Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.