- 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
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
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:
- 155 Perry Street — West Village building on the same street
- 166 Perry Street — West Village building nearby
- 167 Perry Street — West Village building nearby
- 173 Perry Street — West Village waterfront building nearby
- 150 Charles Street — West Village building near the waterfront
- 165 Charles Street — West Village waterfront building nearby
The Roebling Team at 161 Perry Street
The Roebling Team at Compass specializes in the West Village and the broader downtown cooperative and condominium market. We publish this profile because buyers and sellers of loft cooperatives deserve building-specific intelligence — the architecture and conversion history, the cooperative structure, the staffing and amenity reality, and where pricing sits against the right comparable tier.
If you're weighing a purchase or sale at 161 Perry Street, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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