205 East 10th Street

The building sits on a 45-foot lot about 130 feet deep, with a footprint roughly 45 by 115 feet, leaving the rear courtyard. The apartment letters run A through E on each floor. Listing records describe prewar apartments with nine-foot ceilings, oak parquet floors, beamed ceilings in some units, original doors and hardware, and windowed kitchens and baths on the front and side exposures; the south-facing front line overlooks East 10th Street.

The DOB record is mostly apartment-level renovation work, plus two combinations. Apartments 1C and 2C were joined into a duplex, and DOB filed a 2016 correction to the certificate of occupancy to show the four apartments remaining on the second floor afterward, which is where the 30-unit count comes from. A 2006 filing combined two apartments on the fourth floor. Recorded share transfers reflect both: 1C/2C trades as a single apartment.

The façade is the recurring capital item. DOB and DOB NOW filings show exterior masonry repair in 2003, again in 2011–12, façade repairs in 2017, and a 2022 permit covering brick waterproofing, replacement of decorative terra cotta, spandrel waterproofing, air-conditioner sleeve replacement and cockloft venting, each with a sidewalk shed. On a 30-apartment share base, a terra cotta cycle of that size is exactly the kind of project that turns into an assessment or a larger mortgage. Ask the managing agent where the building stands in its current Local Law 11 inspection cycle and whether the 2022 work is closed out.

Debt. ACRIS records an underlying mortgage consolidated at $1.3 million in 2010 and a further consolidation and extension to $2.0 million in July 2020, each with an assignment of leases and rents. The rate, amortisation and maturity are not in any record we hold. On a building of this size, the terms of that loan largely set where maintenance goes next. Ask for the note.

J-51, now gone. Department of Finance J-51 records show two abatements, begun in the 1989 and 1990 tax years at 90 percent of certified cost, each extended from a 12-year to a 14-year schedule, with the last abatement credited in the 2001 tax year. The timing tracks the 1989 conversion. The current exemption detail shows only shareholder-level exemptions; the building itself carries no J-51 or other program. Eligible primary-residence shareholders receive the city's standard cooperative abatement.

Sponsor position. Not documented. Recorded share transfers since 2004 run across many different apartments and buyers, which is what an open-market cooperative looks like, but we have not seen a schedule of unsold shares. Ask the managing agent whether any holder of unsold shares remains.

These come from current listing records rather than documents on file. Confirm each with the managing agent before offering.

• Pets: cats only; no dogs.
• Pied-à-terre: not permitted.
• Subletting: unlimited after three years of ownership.
• Co-purchasing and guarantors: permitted.
• Minimum down payment: 20 percent in one current listing record, 25 percent in another. Get the board's figure in writing.
• Flip tax, post-closing liquidity, purchases in a trust or LLC: not documented. Ask.

Recent sales

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00452-0054) 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.

This is a share purchase. Board package, interview and board discretion apply. The minimum down payment is quoted two ways in current listing records; the post-closing liquidity standard and any debt-to-income test are not published. Run the Co-op Board Qualification Calculator against your own numbers, then confirm the board's standards in writing.

Ask about the façade and the 2020 mortgage together. A $2.0 million underlying loan and a terra cotta façade that needs regular work are the two things that move maintenance in this building. Ask for the note terms, the most recent Local Law 11 report, and whether an assessment is running or planned.

The tax line is full freight. The J-51 burned off in 2001.

Pied-à-terre buyers should look elsewhere, and dog owners should too. Both restrictions appear in current listing records; confirm them before you spend money on diligence.

The sublet rule is a real asset for the right buyer. Unlimited subletting after three years is more permissive than most small Manhattan co-ops. Confirm the fee, if any, and whether the rule has changed.

Correct the landmark assumption. The block is not designated. Buyers who assume otherwise price in LPC review for window and façade work that does not apply here.

Assemble the building file before you list. There is no offering plan or financial statement set in public circulation for this building. The seller who hands over current financials, the underlying mortgage terms, the house rules and the status of the 2022 façade work gets a faster board package and fewer retrades.

Condition sets the price. Renovated apartments that kept the parquet, doors and ceiling heights are a different product from original ones. Run the Renovation Cost Calculator before you set the ask.

If you're considering 205 East 10th Street, also evaluate:

• 170 Second Avenue — the 1928 Art Deco cooperative on the same block; the staffed, larger alternative
• 193 Second Avenue — Onyx Court, a 1902 prewar cooperative a few blocks south on the avenue
• 115 East 9th Street — The St. Mark, the 1965 postwar cooperative west of Third Avenue
• 240 East 10th Street — the New Theatre Building, the full-service condominium alternative on the same street
• 311 East 11th Street — The Village Green, a newer East Village condominium a block north
• 407 East 12th Street — The Village Mews, a 27-residence converted condominium of similar scale
• 130 East 12th Street — a 1905 loft converted to condominium in 1986; the loft alternative
• 133 Second Avenue — The Theatre Condominium at St. Marks Place, a boutique conversion