- Year built
- 2006
- Type
- Cooperative
- Units
- 23
- Floors
- 7
- Land
- Ground lease; the building sits on leased land
- The Roebling Team's building profile
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Part-time doorman
Every recorded sale at this building, 2006–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $787
- floor-adjusted, 2 sales
- Listing discount
- 2.6%
- Recorded sales
- 56
- On record
- 2006–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 2002 Fifth 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.
Many cooperatives built in Harlem in this period are HDFC or HPD-assisted homeownership co-ops, with income limits on buyers and caps on resale prices. 2002 Fifth Avenue’s regulatory status remains to be established from its governing instruments. The sponsor, 2002 Fifth Avenue LLC, sold every apartment in 2006 and 2007 to individual buyers at market prices. Recorded resale prices alone do not establish whether income or resale restrictions apply. No regulatory agreement with the city appears on the lot in ACRIS, and the owning corporation's name does not carry the 'Housing Development Fund' designation an HDFC must use. The building’s recorded 421-a exemption does not by itself settle its regulatory status.
The facts that do shape ownership are two schedules, and both steps are close.
The land is leased. The sponsor took a ground lease on the lot from its private owner in April 2003 and assigned it to the cooperative. Per the 2015 audited statements, the lease runs to March 31, 2102, and the base rent rises 15 percent every eight years: $195,500 a year through March 2019, $224,825 through March 2027, $258,549 from April 1, 2027, and so on to $909,543 a year in the lease's final period. Ground rent was the corporation's largest single expense — roughly 40 percent of the 2015 budget — and the corporation keeps a dedicated ground-lease reserve fund, as the offering plan requires.
The tax exemption is in its last stretch. The 25-year 421-a benefit currently exempts about 95 percent of the lot's assessed value, per the DOF roll. Per the audited statements, the exemption stays at 100 percent for 21 years and then drops to 80, 60, 40 and 20 percent in years 22 through 25. With DOF's benefit start of 2008, the step-down begins around the 2029/30 tax year, and full taxes apply from about 2033/34. Buyers should check the exact years against the DOF bill.
A buyer today is pricing maintenance that will absorb a ground-rent increase in 2027 and a phased return to full real-estate taxes a few years later.
Architecture and unit composition
The seven-story building replaced a five-story predecessor on the corner lot; HPD's records list the earlier building as demolished. The new building has 24 apartments over a community-facility base, plus an 18-space garage. DOF records about 29,000 square feet of gross building area.
The recorded apartment lines run three to five per floor from the second floor up, finishing with three penthouse apartments (PHA–PHC). The A and B lines on the fourth floor were combined into a single apartment, 4AB. The community-facility unit at the base was sold by the sponsor in 2013 and has been used for a day-care program; a DOB alteration to create day-care space on the first and second floors was filed in 2012.
The architect of record on the DOB new-building filing is Alexander Compagno, RA.
Building operations
The 2015 audited statements describe a small, lean operation. Income comes from carrying charges on the apartments, garage spaces and community-facility unit, plus a ground-lease assessment. The largest costs are ground rent, labor, fuel and electric, and repairs. There was no underlying mortgage at the 2015 year-end, and ACRIS shows no mortgage recorded against the lot since then; the sponsor's construction loans were satisfied of record in 2006. The corporation held 11 garage-space shares in its treasury at that date.
Those same statements note that no study had been done of future major repairs and replacements. For a building now twenty years old, buyers should ask for the current capital plan and reserve balance along with the latest statements.
Policy framework
The documented terms are structural rather than house policy:
- Ownership: Shares in 2002 Fifth Avenue Apartment Corp., with a proprietary lease. The corporation's interest in the land is leasehold under the ground lease to 2102.
- Garage spaces: Separate share allocations that can be bought and sold independently; several resales have moved an apartment and a space together.
- Pets, subletting, flip tax, financing ceiling, minimum down payment, pied-à-terre, trust and LLC purchases: Not documented in the material on file. Get them from the managing agent and the current purchase application.
Application and transaction fees
Fees below are from building management's published schedule, as of August 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
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing fee | Paid by Buyer | When With the application | Amount $450 | Refundable Non-refundable |
| Credit Check Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $200 per applicant | Refundable Non-refundable |
| Move In Fee | Paid by Buyer | When With the application | Amount $250 | Refundable Non-refundable |
| Move Out Fee | Paid by Seller | When With the application | Amount $250 | Refundable Non-refundable |
| Disbursements FeeRequired | Paid by Buyer | When At closing | Amount Charged based on costs associated with application. | Refundable Not stated |
| Recognition Agreement FeeConditionalConditions: If financing | Paid by Buyer | When At closing | Amount $250 | Refundable Non-refundable |
| Working Capital ContributionConditionalRequired | Paid by Buyer | When At closing | Amount Equal to two (2) month's maintenance. For Parking Space as well if applicable (2) months of Parking Space Fee | Refundable Not stated |
| Closing Fee | Paid by Seller | When At closing | Amount $700 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $750 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When With the application | Amount $750 | Refundable Refundable |
Sublet
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Fee | Paid by Shareholder | When With the application | Amount $250 | Refundable Not stated |
| Sublet FeeRequired | Paid by Shareholder | When With the application | Amount Equal to one (1) month's maintenance | Refundable Not stated |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $400 | Refundable Non-refundable |
| Credit/Background Report FeePer applicantRequired | Paid by Subtenant | When With the application | Amount $200 per applicant | Refundable Non-refundable |
| Move In Fee | Paid by Subtenant | When With the application | Amount $250 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out DepositConditionalConditions: If no damage | Paid by Shareholder | When With the application | Amount $750 | Refundable Conditional; see terms |
| Move In DepositConditionalConditions: If no damage | Paid by Subtenant | When With the application | Amount $750 | Refundable Conditional; see terms |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $150 | Refundable Non-refundable |
Refinance
2 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $450 | Refundable Non-refundable |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $450 | Refundable Non-refundable |
Ownership transfer
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $450 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $200 per applicant | Refundable Non-refundable |
| Closing Fee | Paid by Buyer | When At closing | Amount $700 | 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.
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Building staffing and amenities
- Doorman
- Part-time doormanSource: recent listing records
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- GarageSource: 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
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →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).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 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 data last refreshed October 2026.
Recent sales
The recorded sales describe a new-construction Harlem cooperative; any applicable purchaser or resale restrictions must be established separately. Resales have come through steadily since the sponsor sell-out, with the penthouses and the combined fourth-floor apartment at the top of the range. Within the stack, price follows floor, line, private outdoor space and whether a garage space is included. Buyers comparing it with nearby condominiums should adjust for the co-op structure and for the ground rent and 421-a schedules above, both of which are in maintenance and neither of which a condominium buyer carries in the same form. Market statements here are indexed to 2025, the last complete year.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|---|---|---|
| Apr 8, 2025 | 5B | 3 BR · 2 BA · 1,380 sf | $1,050,000 | $761/sf | -12.4% |
| Jan 27, 2025 | 3E | 2 BR · 2 BA · 1,165 sf | $925,000 | $794/sf | +0.0% |
| Oct 5, 2023 | 3A | 2 BR · 2 BA · 1,066 sf | $875,000 | $821/sf | -11.2% |
| Aug 15, 2023 | 4D | 1 BR · 1.5 BA · 787 sf | $585,000 | $743/sf | -10.0% |
| Mar 24, 2023 | 5C | 2 BR · 1.5 BA · 985 sf | $835,000 | $848/sf | -16.1% |
| Jun 30, 2022 | 6B | 3 BR · 2.5 BA · 1,600 sf | $1,600,000 | $1,000/sf | -8.6% |
| Mar 2, 2022 | 4AB | 4 BR · 3 BA · 2,429 sf | $2,150,000 | $885/sf | +0.0% |
| Dec 20, 2019 | 4C | 2 BR · 1.5 BA | $820,000 | -0.6% |
Market read. Most recent trades (2025) cleared a median $787/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.6% 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 1-01722-0033). 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.
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What to know if you’re buying
Establish the applicable restrictions before pricing. No income test or resale cap appears in the records reviewed here, but that absence does not establish unrestricted tenure. Read the offering plan, proprietary lease, ground lease, certificate of incorporation and any applicable regulatory agreement.
Read the ground lease. Ask for the lease itself, not a summary: the rent schedule, whether anything beyond base rent passes through, any purchase option or renewal rights, and what happens at expiry. About 76 years remain, which is longer than most share lenders' minimum-term requirements. Confirm with your lender before you're in contract.
Model 2027 and 2029–2033. The ground rent steps up in April 2027 and the 421-a exemption starts phasing out around 2029/30. Ask the managing agent how the board plans to absorb both, and whether future maintenance increases have been projected.
Confirm the garage position. If a space isn't included in the sale, ask whether spaces are available and on what terms.
What to know if you’re selling
Document the tenure and lease terms early. The listing packet should identify any verified income or resale restrictions and include the ground-lease rent schedule and the 421-a schedule. Do not label the building unrestricted solely from its sale prices or tax benefit.
Price against the right comparables. New-construction Harlem condominiums nearby are the obvious comparison. Adjust for the co-op board process, lease and tax schedules, and any restrictions established by the governing documents.
Comparable buildings
- Madison Park Apartments (1831 Madison Avenue) — 2001 Harlem cooperative with a 25-year 421-a nearing expiry; an HDFC whose restrictions should be compared with the verified governing terms here
- 5th on the Park (1485 Fifth Avenue) — 2007 Fifth Avenue condominium at the southern end of Marcus Garvey Park
- 1400 Fifth Avenue — mixed-income Harlem condominium with a 421-a phase-down and a regulatory agreement
- The Lenox (380 Lenox Avenue) — 2006 Harlem new-construction condominium of the same vintage
- Mount Morris Court (3 West 122nd Street) — 24-unit prewar condominium steps from Marcus Garvey Park
- The Adeline (23 West 116th Street) — Harlem condominium with a documented 421-a position
- 111 Central Park North — 2007 Harlem condominium whose 421-a has already expired, with deeded parking
More Harlem buildings
- The Strathmore, 1890 Adam Clayton Powell Jr. Boulevard — 1920 condominium
- Graham Court, 1923–1937 Adam Clayton Powell Jr. Boulevard — 1899 by Clinton & Russell
- 1947 Adam Clayton Powell Jr. Boulevard — 1920 co-op
- 2068 Fifth Avenue — 1880 condominium
- 2101 Eighth Avenue (Parc Standard) — 2008 condominium
- 2110 Frederick Douglass Boulevard — 2008 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Harlem — read The Roebling Team Guide to Harlem.
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 2002 Fifth Avenue?
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646.939.7375 · c.cohen@compass.com