1206 First Avenue
1206 First Avenue, New York, NY 10065
BBL 1014600001 · BIN 1045391
- Year built
- 1962
- Type
- Cooperative
- Units
- About 147
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2024–2026
- $550K
- 7 qualifying sales
- Recent range
- $360K – $1.4M
- Listing discount
- 2.4%
- Recorded transfers
- 177
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1206 First Avenue 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.
1206 First Avenue is a substantial postwar cooperative on the eastern, riverward side of the Upper East Side — full-service doorman living at the value end of the neighborhood's deep co-op market. Completed in 1962, it belongs to the wave of brick elevator apartment houses that filled in First and York Avenues in the postwar decades, built for practical, light-filled apartment living and designed to deliver doorman service at attainable cost. At roughly 147 apartments, it is a mid-to-large building with the shareholder base to support full staffing and spread operating costs.
The location is the trade-off and the value. On First Avenue in the upper 60s, residents are a few avenues east of the Lexington and Park spines, closer to the river, the East River esplanade, and the quieter residential pockets of the Upper East Side. Compare prices with specific central-avenue apartments using dated sales adjusted for size, floor, condition, services and maintenance.
Architecture and unit composition
The 1962 vintage places 1206 First in the postwar idiom: an efficient brick elevator building with ground-floor retail along First Avenue, designed for functional apartment living rather than pre-war ornament. Layouts run to the postwar standard — studios, one-, and two-bedroom apartments with practical plans, ample closets, and large windows — with larger combinations and the better light and exposures on the upper floors.
With approximately 147 apartments, the building runs at the mid-to-large postwar density, and individual apartments are best evaluated at the unit level on floor, exposure, and renovation history.
Building operations
1206 First operates as a full-service postwar cooperative. A full-time doorman staffs the attended lobby, with a resident superintendent on site and central laundry and private storage in the building. As with most Upper East Side postwar co-ops, the board reviews purchases through a formal application and interview, and prospective buyers should expect financing requirements, a flip-tax structure, and sublet rules set by the proprietary lease and house rules — the specific financial terms are the policy slate we walk clients through, and the current percentages should be confirmed at offer stage.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
12 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $700 plus $200 per additional applicant/guarantor | Refundable Non-refundable |
| Credit Report FeePaid to management | Paid by Buyer | When With the application | Amount $125 for regular report, $325 for detailed report | Refundable Non-refundable |
| Expedited Review FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Incomplete Application FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount $150 if applicable | Refundable Not stated |
| LL58 Compliance FeePaid to management | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Move-In FeePaid to the building | Paid by Buyer | When With the application | Amount $1,000 | Refundable Non-refundable |
| Move-Out FeePaid to the building | Paid by Shareholder | When With the application | Amount $1,000 | Refundable Non-refundable |
| Financing FeeConditionalPaid to management | Paid by Buyer | When At closing | Amount $400 if financing | Refundable Not stated |
| Monthly Maintenance Charge FeeConditional · RecurringConditions: If closing takes place after the 10th of the monthPaid to the building | Paid by Buyer | When At closing | Amount Equal to monthly maintenance charges up to the time of closing | Refundable Not stated |
| Transfer Agent Closing FeeConditionalPaid to management | Paid by Buyer | When At closing | Amount $850, $1100 if closing remotely | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In DepositPaid to the building | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move Out DepositPaid to the building | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
Sublet
12 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Report FeePaid to management | Paid by Shareholder | When With the application | Amount $125 for regular report, $325 for detailed report | Refundable Non-refundable |
| Move-Out FeePaid to the building | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Sublet FeePaid to the building | Paid by Shareholder | When With the application | Amount First (1st) year - $1.00/share, Second (2nd) Year - $2.00/share, Third (3rd) year - $3.00/share, Fourth (4th) year - $4.00/share, Fifth (5th) year - $5.00/share | Refundable Non-refundable |
| Application Processing FeePer applicantPaid to management | Paid by Subtenant | When With the application | Amount $650 plus $200 per additional applicant and guarantor | Refundable Non-refundable |
| Credit Rerun FeeConditionalConditions: If frozenPaid to management | Paid by Subtenant | When With the application | Amount $125 if applicable | Refundable Not stated |
| Expedited Review FeeConditionalPaid to management | Paid by Subtenant | When With the application | Amount $500 if applicable | Refundable Not stated |
| Incomplete Application FeeConditionalPaid to management | Paid by Subtenant | When With the application | Amount $150 if applicable | Refundable Not stated |
| Move-In FeePaid to the building | Paid by Subtenant | When With the application | Amount $1,000 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out DepositPaid to the building | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
| Move-In DepositPaid to the building | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Shareholder | When With the application | Amount $250 | Refundable Non-refundable |
| Sublet FeePaid to the building | Paid by Shareholder | When With the application | Amount First (1st) year - $1.00/share, Second (2nd) Year - $2.00/share, Third (3rd) year - $3.00/share, Fourth (4th) year - $4.00/share, Fifth (5th) year - $5.00/share | Refundable Non-refundable |
Refinance
10 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Shareholder | When With the application | Amount $400 | Refundable Non-refundable |
| Credit Report FeePaid to management | Paid by Shareholder | When With the application | Amount $125 for regular report, $250 for detailed report | Refundable Non-refundable |
| Credit Rerun FeeConditionalConditions: If frozenPaid to management | Paid by Shareholder | When With the application | Amount $250 if applicable | Refundable Not stated |
| Expedited Review FeeConditionalPaid to management | Paid by Shareholder | When With the application | Amount $500 if applicable | Refundable Not stated |
| Incomplete Application FeeConditionalPaid to management | Paid by Shareholder | When With the application | Amount $150 if applicable | Refundable Not stated |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Shareholder | When With the application | Amount $400 | Refundable Non-refundable |
| Credit Report FeePaid to management | Paid by Shareholder | When With the application | Amount $125 for regular report, $250 for detailed report | Refundable Non-refundable |
| Credit Rerun FeeConditionalConditions: If frozenPaid to management | Paid by Shareholder | When With the application | Amount $250 if applicable | Refundable Not stated |
| Expedited Review FeeConditionalPaid to management | Paid by Shareholder | When With the application | Amount $500 if applicable | Refundable Not stated |
| Incomplete Application FeeConditionalPaid to management | Paid by Shareholder | When With the application | Amount $150 if applicable | Refundable Not stated |
Alteration
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Buyer | When Upon approval | Amount $250 for type I, $1000 for type II, and $2500 for type III | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Security DepositPaid to the building | Paid by Resident | When Upon approval | Amount $1,500 | Refundable Refundable |
Ownership transfer
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Report FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $125 per applicant | Refundable Non-refundable |
| Estate TransferConditionalPaid to management | Paid by Buyer | When With the application | Amount $250 if applicable | Refundable Not stated |
| LL58 Compliance FeePaid to management | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Name change/spouse add/removalConditionalPaid to management | Paid by Buyer | When With the application | Amount $250 if applicable | Refundable Not stated |
| Transfer into a TrustConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Transfer to a Family Member and a Third PartyConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Closing Fee for all TransfersPaid to management | Paid by Buyer | When At closing | Amount $850 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsOnly 15 sublets allowed at once. There is a wait list. All leases are to be for minimum of 1 year and may be up to 2 consecutive years without additional board approval. The maximum time that a shareholder may sublet is a total of 5 cumulative years. The shareholder must first get permission from…Source: building management's published schedule, as of October 2026
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $438 per room a monthMedian of 14 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $1.90 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Attended lobby
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $38,217/yr
- 2030–2034 annual penalty
- $166,385/yr
- Per unit / month range
- $22 – $94
- Modeled exposure split equally across 147 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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 | vs. Ask |
|---|---|---|---|---|
| Sep 9, 2026 | 15C | 2 BR · 2 BA | $1,280,000 | -5.2% |
| Aug 26, 2026 | 6I | 1 BA | $360,000 | -1.4% |
| Jul 28, 2026 | 11G | 1 BR · 1 BA | $625,000 | -12.6% |
| Dec 22, 2025 | 10H | 1 BA | $429,000 | +0.0% |
| Jul 16, 2025 | 13EF | 2 BR · 2 BA | $875,000 | -22.2% |
| Mar 28, 2025 | 4E | 1 BR | $490,000 | -4.9% |
| Jan 29, 2025 | 12F | 2 BR · 1 BA | $730,000 | -5.8% |
| Jan 16, 2025 | 5A | 2 BR · 2 BA | $1,120,000 | -6.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $782/sf (floor-adjusted) across 2 sales. The building has traded as recently as 2026. Median listing discount 2.4% 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 1-01460-0001). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 1206 First Avenue and nearby.
At the recent median sale of $678K (8 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $11,091 to close, or 1.6% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,091
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
This is full-service postwar value on the Upper East Side. Doorman service and an elevator building near the river; establish the price comparison with dated, matched sales.
The shareholder base supports carrying costs. A ~147-unit building spreads operating and capital costs across a sizable base — confirm the current maintenance, assessment history, and reserve position in diligence.
Co-op financial policy governs the purchase. Expect board review, financing limits, a flip tax, and sublet rules; confirm the current terms at offer stage.
Location is the value. First Avenue living near the East River esplanade, with the full Upper East Side amenity base a few avenues west.
What to know if you’re selling
Lead with full-service value. The doorman service, the elevatored postwar building, and the attainable Upper East Side pricing are the marketing assets.
Price to the building's own comps. With ~147 units, the persuasive evidence is 1206 First's own recent trades adjusted for floor, exposure, and condition.
Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract to closing, subject to board package and approval pacing.
Comparable buildings
If you're considering 1206 First Avenue, also evaluate:
- 1344 First Avenue — postwar First Avenue cooperative nearby
- 1131 Third Avenue — postwar Lenox Hill cooperative for a comparable tier
- 1402 Third Avenue — postwar Upper East Side cooperative nearby
- 160 East 65th Street — full-service Lenox Hill building nearby
- 1355 First Avenue — newer First Avenue condominium nearby for a tenure contrast
More Upper East Side buildings
- 1178 Madison Avenue — 1926 co-op
- 1180 Second Avenue — 1959 co-op
- 1186 Third Avenue — 1961 co-op
- 1218 Second Avenue (SIXTYFOUR / 300 East 64th Street) — 1996 condominium
- 1218 Third Avenue — 1962 co-op
- 1223 Lexington Avenue — 1961 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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 1206 First Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com