Manhattan condos $1,629/sf 2%Manhattan co-ops $283K/room 5%Central Park perimeterPark Ave $478K/room 19%CPW $350K/room 5%Fifth Ave $501K/room 19%Billionaires' Row $4,272/sf 24%East Village $1,663/sf 10%
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Cooperative · 1911
161 Perry Street
161 Perry Street, New York, NY 10014
Buildings·Cooperative

161 Perry Street

161 Perry Street, New York, NY 10014

BBL 1006370077 · BIN 1012010

At a glance
Year built
1911
Type
Cooperative
Units
22
Floors
6
Landmark
No
Pets
Pet-friendly — confirm specifics at offer stage
Subletting
Permitted after an initial ownership period (commonly two years) — confirm exact terms at offer stage

161 Perry Street — one of the addresses (161–165 Perry) for the loft cooperative known as the Maraschino Cherry Warehouse — is a genuine early-twentieth-century industrial building turned intimate co-op on the far West Village waterfront. Built in 1911 and converted to residences in 1981, it sits on a cobblestoned, tree-lined stretch of Perry Street between Washington and West Streets, steps from Hudson River Park, the Whitney, and the piers. It shares its block with the mid-rise glass residential towers that face the Hudson, but the co-op itself is the interior yellow-brick loft building — a different proposition entirely.

For the buyer who wants authentic loft scale, industrial-building character, and the cost discipline of a cooperative on one of the Village's most atmospheric waterfront blocks, the building is a clean proposition: a small, converted, pre-war loft co-op with high ceilings and large floorplates, at price points below the neighboring new-construction condominium tier.

Building operations

The cooperative runs lean and characteristically loft-building: an elevator, a live-in superintendent / resident manager, a bike room, and a video-intercom (butterfly) entry system rather than a staffed doorman — appropriate and cost-efficient for a building of roughly 22 units. Central air serves the residences, and the building is run as a no-smoking building.

As a cooperative, ownership is by shares rather than deed: purchases require board approval and a board interview, financing is capped at a board-set percentage, and pied-à-terre, gifting, guarantor, and co-purchase arrangements are evaluated case by case. Subletting is generally permitted after an initial ownership period (commonly two years). The building is pet-friendly. The exact financing maximum, any flip tax, and current sublet rules vary by board policy and should be confirmed at offer stage.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.

Inspection history
2005–10
Safe
2010–15
Safe
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2028
On record
$5,500 in filing penalties
The three grades, in buyer terms
SafeLatest filing: Safe — no repairs required at that inspection.
SWARMPLatest filing: repairs required before the next inspection cycle.
UnsafeLatest filing: unsafe conditions requiring corrective action.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

What to know if you’re buying

This is a cooperative, so the path is a board package and interview, a financing cap set by the board, and underwriting of the building's financials and house rules. Note the character up front: this is a converted loft building with large volumes and high ceilings, served by an elevator and a live-in super rather than a full doorman staff. The building is pet-friendly and generally allows sublets after an initial ownership period. Review the co-op's financials, reserve, and any planned capital work, particularly given the building's age and its exposed waterfront location.

The reasons to buy are the loft scale and the block: authentic industrial-building character on a cobblestoned far West Village street steps from the Hudson, at a cooperative cost structure that keeps the entry point and carrying costs below the condominium peers nearby.

What to know if you’re selling

The story is the loft and the location. The 1911 warehouse conversion, the large high-ceilinged floorplates, the Maraschino Cherry Warehouse identity, and the cobblestoned waterfront block are the differentiators — and they sell to a specific buyer who wants genuine loft space and is comfortable with a co-op structure. Pricing is an apartment-specific exercise: room count, floor, light, and condition drive the number more than any block average. We position the loft narrative, prepare the buyer for the co-op process, and benchmark against the right comparable tier of West Village loft cooperatives.

Comparable buildings

If you're considering 161 Perry Street, also look at these West Village loft and waterfront buildings:

Considering a move at 161 Perry Street?

Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

Own an apartment here? See what it would sell for.

A Private Pricing Opinion — what your apartment at 161 Perry 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.