- Year built
- 1920
- Type
- Condominium
- Units
- 25
- Floors
- 9
- Landmark
- No
- Pets
- Pets permitted
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2005–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,335
- Listing discount
- 5.0%
- Recorded sales
- 61
- On record
- 2005–2025
118 East 29th Street — marketed as 120 Gramercy Hill across the combined 118–120 footprint — is the kind of building that buyers seek when they want prewar character at residential scale rather than tower amenities. Alchemy Properties converted the early-1900s structures into 25 distinctive condominium units in 2004, with Hustvedt Cutler Architects handling the conversion. The result is a low-rise, low-density building on a quiet, tree-lined block at the seam where Flatiron, NoMad, and Rose Hill (Murray Hill's southern edge) meet.
The building's appeal is its idiosyncrasy. Rather than a stack of identical floor plates, it offers garden duplexes with private outdoor space at the base, fireplace penthouses at the top, and ceiling heights that run from roughly nine to thirteen feet. The conversion specified upscale kitchen and bath finishes — the kind of package that signals a boutique product rather than a volume one.
For buyers who prioritize a sense of home over a sense of address, the building rewards the trade-off: a half-block from the 6 train, steps from the Curry Hill dining corridor, and within easy reach of Madison Square Park and the broader Flatiron–NoMad restaurant scene.
Architecture and unit composition
The building is genuinely prewar in its bones — assembled from early-20th-century townhouse-scale structures and converted rather than ground-up new construction. That history shows in the floor plans, which vary unit to unit, and in the architectural features that distinguish the inventory: six ground-floor duplexes with private gardens, penthouse units with wood-burning fireplaces, and the tall ceilings that prewar conversions of this vintage can deliver.
With only 25 units across nine stories, the building is low-density by Manhattan standards. The finish package from the 2004 conversion — high-end appliances and cabinetry, central air, in-unit and in-building laundry — pairs with the prewar shell to produce apartments that feel both characterful and move-in modern. The common roof terrace is the building's principal shared amenity.
Building operations
118 East 29th Street operates as a boutique condominium with a part-time doorman, a common roof terrace, a bike room, private storage, an elevator, and central air. There is no full-time doorman, gym, or garage — appropriate to a 25-unit building, and reflected in a carrying cost that is lighter than amenity-heavy towers.
As with any condominium, common charges and property taxes drive the monthly carry. The building is pet-friendly, permits subletting under the condominium declaration, and is flexible on use; co-purchase specifics should be confirmed against the current declaration and house rules at offer stage. The Roebling Research Library can provide the offering plan, current rules, and recent financials during due diligence.
Recent sales
Sales here price on a price-per-square-foot basis, as with any condominium, and the building trades as a boutique prewar product where character and configuration drive value as much as raw footage. The unit mix is heterogeneous — garden duplexes, mid-floor flats, and fireplace penthouses each occupy distinct sub-markets — so a single average understates the spread. Larger, light-filled, and outdoor-equipped units command meaningful premiums over interior layouts. Recorded closings span a wide range, with the most distinctive units (ground-floor duplexes with gardens, top-floor penthouses) at the high end. Price any specific apartment by its configuration and condition, not by a building-wide number.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 17, 2025 | PHB | 2 BR · 2 BA · 1,664 sf | $3,025,000 | $1,818/sf | -4.0% |
| Jul 26, 2024 | PH7A | 3 BR · 2 BA · 1,602 sf | $2,900,000 | $1,810/sf | -7.9% |
| Jan 19, 2024 | 4B | 2 BR · 2 BA · 1,415 sf | $1,915,000 | $1,353/sf | -4.0% |
| Apr 29, 2020 | PHC | 5 BR · 5.5 BA · 4,300 sf | $8,000,000 | $1,860/sf | -13.5% |
| May 3, 2019 | 5C | 1 BR · 1 BA · 1,005 sf | $1,290,100 | $1,284/sf | -11.0% |
| Apr 25, 2018 | 3B | 2 BR · 2 BA · 1,415 sf | $2,175,000 | $1,537/sf | off-mkt |
| Dec 22, 2016 | 4A | 3 BR · 1,780 sf | $2,900,000 | $1,629/sf | -7.9% |
| Dec 12, 2016 | 5B | 2 BR · 2 BA · 1,432 sf | $2,530,000 | $1,767/sf | -11.2% |
Market read. Most recent trades (2024) cleared a median $1,335/sf across 1 sale. Median listing discount 5.0% 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.
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 1-00884-7501) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is a boutique, low-density building. Expect prewar character and apartment variety, not tower amenities. The trade-off is a lighter carrying cost and a quieter building.
Configuration is the value driver. Garden duplexes, mid-floor flats, and fireplace penthouses are effectively different products. Identify which sub-market your target unit sits in.
Use is flexible. The building permits pets, subletting, and pied-à-terre ownership under the condominium framework; verify the current terms against the declaration for your specific plan.
Model the full carry. Common charges + property taxes + utilities + insurance. Run any purchase near a mansion-tax threshold through the Mansion Tax Calculator.
Condo flexibility is real. Expect condo-fast closings (roughly 30–45 days) and a financing-friendly process.
What to know if you’re selling
Lead with the unit's distinguishing feature. A garden, a fireplace, ceiling height, or light is the headline — the building's boutique scale is the supporting story.
Price to configuration, not to a building average. The spread between unit types is wide; comparables must match type and condition.
Stage to the prewar-character buyer. This building sells on warmth and individuality; presentation should reinforce that.
Closings are condo-fast. Roughly 30–45 days from contract to closing.
Comparable buildings
If you're considering 118 East 29th Street, also evaluate:
- 11 East 29th Street — boutique condominium on the same NoMad block sequence
- 1107 Broadway — NoMad condominium conversion with full-service amenities
- 105 Fifth Avenue — prewar Flatiron cooperative with character
- 21 East 26th Street — boutique Madison Square condominium
- 175 Fifth Avenue — landmark Flatiron condominium
The Roebling Team at 120 Gramercy Hill
The Roebling Team at Compass works across the Flatiron, NoMad, and Rose Hill markets, and we publish this profile because boutique-condo buyers and sellers deserve building-specific intelligence — the configuration-driven value map, the conversion history, and the transactional mechanics — not generic market commentary.
If you're considering a purchase or sale at 118 East 29th Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the specifics your situation requires — comparable analysis at the apartment level, due diligence priorities, and a pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
Get the full picture on this building.
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