- Year built
- 1957
- Type
- Cooperative
- Units
- 122
- Floors
- 7
- Landmark
- No
- Pets
- Permitted under house rules (confirm current policy at offer stage)
- Subletting
- Permitted after two years of ownership, subject to board approval
- Pied-à-terre
- Allowed
- Flip tax
- None as of latest reporting; confirm with managing agent at offer stage
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,145
- Listing discount
- 2.2%
- Recorded sales
- 110
- On record
- 2004–2026
211 East 18th Street is the kind of building that makes Gramercy work as a place to actually live. It is a seven-story, red-brick postwar apartment house completed in 1957 and converted to a cooperative in 1984 — one of the wave of well-built mid-century rental buildings that became owner-occupied stock in the conversion era, and that today supply much of the neighborhood's full-service, human-scaled inventory. Where the marquee Gramercy Park addresses trade on landmark pedigree and the coveted park key, 211 East 18th competes on a different and, for many buyers, more durable premise: a real doorman building with a garage and a roof deck, at price points that remain within reach of end-users rather than trophy capital.
The building sits mid-block between Second and Third Avenues, across from an attractive row of townhouses, a short walk from Gramercy Park, Stuyvesant Square, and Union Square, with the Flatiron District's restaurants and stores close at hand and strong transit at 14th Street. That location — quiet residential street, deep amenity base, easy access to three parks and multiple subway lines — is the core of the value proposition. Buyers here are typically choosing the neighborhood first and the building's operational reliability second.
Because it is a cooperative, value at 211 East 18th is read in co-op terms, not condominium terms. The relevant frame is price per room, monthly maintenance, the board-approval process, financing limits, and the building's sublet and pied-à-terre policy — not price per square foot. The building's conversion-era structure, its 122 units spread across a mid-rise footprint, and its full-service operation all shape how apartments here are priced and how transactions clear. Understanding the co-op mechanics is the whole game.
Architecture and unit composition
The building presents as a consistent postwar red-brick composition: a canopied, colonnaded, two-step-down entrance, discreet air conditioners, regular fenestration, and a roof deck. It is not an architecturally landmarked structure, and no individually notable architect attaches to it — it is representative postwar residential construction, valued for solidity, light, and layout rather than for design pedigree.
The 122 cooperative apartments run from one-bedrooms through three-bedroom, two-bath layouts, with the larger combinations delivering genuinely family-scaled floor plans uncommon at the building's price band. As with most conversion-era co-ops, many apartments trade without a stated square footage, which is precisely why room count — not price per square foot — is the reliable comparison metric here. A one-bedroom prices as a three-to-four-room apartment; a three-bedroom as a six-to-seven-room apartment, and the market clears on that basis.
Two elevators serve separate halves of the building, with each half carrying its own basement laundry room and bike storage — a practical layout that keeps service infrastructure close to residents. The mid-block, mid-rise siting means light and outlook vary meaningfully by line and floor; buyers should evaluate exposure at the apartment level rather than assume a building-wide view profile.
Building operations
211 East 18th Street operates as a full-service cooperative: full-time doorman and concierge, a resident superintendent, an on-site parking garage, central laundry, bike storage, and a roof deck. That amenity base — particularly the garage and the staffed lobby — is a material differentiator in a neighborhood where much of the competing inventory is smaller, self-managed, or elevator-only.
Monthly maintenance is the primary carrying cost and, in co-op terms, the number that matters most. Maintenance at 211 East 18th is competitive for a full-service Gramercy building; a representative three-bedroom has carried maintenance in the vicinity of $2,600 per month, with a modest building-wide assessment reported in recent periods. As with any cooperative, prospective buyers should review the current financial statements, reserve levels, assessment history, and the underlying mortgage during due diligence — the building's financial health is embedded in the maintenance, not disclosed separately as it would be in a condominium. The Roebling Research Library holds the offering plan, current house rules, and recent financials for review.
Recent sales
Sales at 211 East 18th are best read as a stable, end-user cooperative market rather than a speculative one. Because apartments are priced per room and financed within co-op limits, values move with maintenance levels, layout quality, floor, and condition more than with the trophy-market swings that drive the Gramercy Park landmark addresses. Recent trades have spanned roughly from the mid-$700Ks for one-bedrooms to the low-$1.8M range for three-bedrooms, with a representative three-bedroom, two-bath closing near $1.5M. That spread reflects the building's genuine range of room counts, and it is the room count — not any per-square-foot figure — that anchors comparison. Turn-key, well-exposed larger units command the premium; original-condition or lower-floor apartments clear at meaningful discounts to the top of the range.
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Mar 31, 2026 | 2W | 1 BR · 1 BA · 700 sf | $680,000 | $971/sf | -2.9% |
| Feb 19, 2026 | 5N | 2 BR · 1 BA · 950 sf | $1,255,000 | $1,321/sf | +4.6% |
| Sep 18, 2025 | 6K | 1 BR · 1 BA · 700 sf | $750,000 | $1,071/sf | off-mkt |
| Jun 2, 2025 | 3E | 1 BR · 1 BA | $770,000 | -1.9% | |
| Jul 10, 2024 | 3R | 1 BR · 1 BA · 725 sf | $725,000 | $1,000/sf | -2.0% |
| Mar 8, 2024 | 4F | 1 BR · 1 BA · 700 sf | $750,000 | $1,071/sf | -4.5% |
| Oct 5, 2023 | 6S | 2 BR · 2 BA · 1,390 sf | $2,025,000 | $1,457/sf | +1.8% |
| Sep 28, 2023 | 4P | 1 BR · 1 BA | $690,000 | +0.7% |
Market read. Most recent trades (2026) cleared a median $1,145/sf across 2 sales. Median listing discount 2.2% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Mar 31, 2025 | 2O | $1,825,000 |
| Dec 17, 2024 | 2NO | $1,825,000 |
| May 17, 2022 | 2F | $740,000 |
| May 19, 2017 | 4H | $1,150,000 |
| Mar 9, 2016 | 5N | $1,200,000 |
| Mar 2, 2016 | 1R | $750,000 |
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 1-00899-0008) 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; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
This is a cooperative — underwrite it as one. Value is measured in price per room and monthly maintenance, not price per square foot. Model the full monthly carry (maintenance plus any assessment) and confirm the building's financing limits before you shop.
Board approval is required. Purchases proceed through a board application and interview. Budget for the full package — financials, references, and the interview — and plan your timeline around board scheduling rather than a fixed condo-style closing window.
Financing is capped. The building permits financing up to conventional co-op limits; a down payment on the order of 25% is customary, and buyers should confirm the current maximum-financing percentage with the managing agent before making an offer.
Sublet and pied-à-terre policy is flexible but conditional. Subletting is permitted after two years of ownership with board approval, and pied-à-terre purchases and co-purchasing are permitted with board approval. These policies make the building workable for a wider range of buyers than many stricter Gramercy co-ops, but every use is subject to board discretion — confirm current rules at offer stage.
No flip tax as of latest reporting. Unlike many Manhattan co-ops, 211 East 18th has not carried a transfer flip tax in recent reporting. Confirm the current position with the managing agent, as boards can revise this.
Review the financials. In a co-op, the building's balance sheet is your balance sheet. Review current financial statements, reserves, assessment history, and the underlying mortgage during due diligence.
What to know if you’re selling
Price to the room, and to the comps in the building. Buyers and their attorneys will underwrite on a per-room basis. Position against recent in-building trades at the right room count, floor, and condition rather than against neighborhood per-square-foot headlines.
Prepare the buyer for the board. The strongest offers are from financially qualified buyers who can clear the board. Vet purchaser financials early; a clean board package protects the timeline and the price.
Maintenance is part of the story. Because carrying cost is a competitive lever in a co-op sale, be prepared to present the building's maintenance and assessment position clearly and favorably against comparable full-service Gramercy inventory.
Condition and layout drive the premium. Turn-key, well-exposed larger apartments outperform. Investment in presentation typically returns at this price band.
Comparable buildings
If you're considering 211 East 18th Street, also evaluate:
- 34 Gramercy Park East (The Gramercy) — DaCunha 1883; NYC's oldest cooperative; landmark Gramercy Park address with park key
- 50 Gramercy Park North — Lyons 1925 / Schrager 2004; Gramercy Park trophy peer with hotel services
- 18 Gramercy Park South — nearby Gramercy Park cooperative/condominium peer
- 36 Gramercy Park East — landmark Gramercy Park cooperative peer
- 45 Gramercy Park North — nearby Gramercy Park cooperative peer
The Roebling Team at 211 East 18th Street
The Roebling Team at Compass specializes in Gramercy and the broader east-side pre-war and postwar cooperative market. We publish this building profile because co-op buyers and sellers deserve building-specific intelligence — maintenance and financing mechanics, board process, sublet and pied-à-terre policy, and per-room pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 211 East 18th Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — co-op financial structuring, board-package strategy, comparable analysis at the room level, and the pacing that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
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