222 East 71st Street
222 East 71st Street, New York, NY 10021
Lenox Hill, Upper East Side
BBL 1014250035 · BIN 1043931
- Year built
- 1925
- Type
- Cooperative
- Units
- 21
- Floors
- 6
- Landmark
- No
- Amenities
- Elevator, live-in superintendent, laundry and individual storage bins per listing records. Wood-burning fireplaces in most apartments per listing records
- Financing
- Up to 65 percent of the purchase price, per the resale application on file
- Flip tax
- 2 percent of the gross sale price, paid by the seller, adopted by shareholder vote for contracts signed on or after September 1, 2012 and dedicated to capital improvements. Listing records that describe it as buyer-paid conflict with the corporation's own documents
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 222 East 71st 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.
Most Upper East Side co-ops were rentals until the conversion wave of the late 1970s and 1980s. This one was organized as a cooperative from the start. The corporation dates its operations to September 1, 1925, the year the building was completed, and the proprietary-lease record in the city register runs back decades. It belongs to the small group of 1920s buildings put up as owner-occupied apartments. That history shows in the scale: twenty-one apartments on six floors, with fireplaces and duplexes, in a building designed for its owners rather than for renters.
The attribution to Treanor & Fatio, a New York and Palm Beach society-architecture firm of the 1920s, comes from brokerage records and is consistent with the building's era and scale. We have not been able to confirm it against a city filing.
What makes the building distinctive today is its scale and its financing terms. With twenty-one apartments, turnover is thin. Four sales in the last two years is an active stretch. The 65 percent financing ceiling is more conservative than at many Lenox Hill co-ops, and the underlying mortgage matures in October 2028. Buyers should understand both before they bid.
Architecture and unit composition
The building sits on a 60-by-100-foot lot on a tree-lined side street, with an elevator serving six residential floors. The apartment lettering runs A through D, and the share record shows how owners have reshaped the plan over time: duplex combinations spanning the third and fourth floors on the A and B lines, and a combined C/D apartment on the third floor. The combined apartments are the building's largest and trade at its top. The single apartments on the lower floors are its entry point.
Listing records describe wood-burning fireplaces in nearly every apartment, high ceilings, hardwood floors, mouldings and built-in bookshelves. These are prewar rooms of real proportion at modest scale. Confirm the fireplaces are operable and permitted for use in the specific apartment. A 2005 DOB filing removed a dumbwaiter shaft at the fifth floor, and a steady run of apartment renovations appears in the job record.
Building operations
The building runs with a live-in superintendent, per listing records. It carries a small union payroll. The house rules require rugs or carpeting over 80 percent of each apartment's floor area. Moves are allowed only on weekdays between 8 a.m. and 4 p.m., with a refundable deposit.
Finances, per audited statements on file (year ending December 31, 2021). Real estate taxes were about half of operating expenses, net of shareholder abatements the corporation passes through. Shareholders paid an operating assessment on top of maintenance, and in 2021 the corporation levied a capital assessment to fund façade rehabilitation under a contract of about $370,000 signed in June 2021. The 2 percent flip tax is dedicated to capital work. Cash was a little over $300,000 at year-end. The board has not commissioned a reserve study, and the governing documents do not require a reserve fund. Ask for the most recent statements, the current assessments and whether the façade project closed on budget.
Underlying mortgage — the date to know. The corporation owes $1.4 million to its bank on an interest-only mortgage at a fixed 3.33 percent, maturing October 1, 2028, with a $500,000 unsecured line of credit maturing the same day and undrawn at the 2021 year-end. ACRIS records the 2018 consolidation. The debt is modest, about $67,000 an apartment. But the rate is low and the maturity is two years out. At 6 percent, interest on the same balance would run roughly $84,000 a year against about $47,000 in 2021. That increase is equal to about 5 or 6 percent of 2021 maintenance. This estimate assumes the balance stays the same and is refinanced at 6 percent. Ask the board what its refinancing plan is.
Façade. DOB's façade-inspection record shows safe filings for Cycle 9 in May 2022 and Cycle 10 in June 2026, following the 2021 rehabilitation.
Policy framework
Flip tax. 2 percent of gross sale price, seller-paid, per the 2012 shareholder notice and the audited statements.
Financing. Maximum 65 percent, per the resale application. A lender commitment letter and recognition agreements are part of the board package.
Board process. A full purchase application reviewed by the board and an admissions committee, followed by an interview. The managing agent schedules interviews around the board's calendar, so leave time before setting a closing date.
Subletting. A sublet application exists, so subletting is contemplated. The terms are not stated in our file. Obtain them from the managing agent.
Pets. Allowed, subject to removal if a pet disturbs other residents.
Not documented: post-closing liquidity, pied-à-terre practice beyond listing records, and treatment of trusts and LLCs. Confirm in writing.
Recent sales
Turnover is thin but active, with four arm's-length sales in the last twenty-four months, including one of the combined apartments. Many earlier sellers were estates, which is typical of a long-held small co-op. Pricing is quoted per room. The combined and duplex apartments sit at the top of the building's range, upper-floor single apartments in the middle, and lower-floor apartments at the entry point. Relative to Lenox Hill peers, the 65 percent ceiling narrows the buyer pool, the fireplaces and small-building scale widen it, and the 2028 maturity is a variable a careful buyer will price. Index market statements to 2025, the last complete year. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jun 15, 2026 | 3CD | $2,440,000 |
| Mar 7, 2025 | 1C | $950,000 |
| Feb 25, 2025 | 2C | $1,195,000 |
| Nov 6, 2024 | 4D | $1,199,000 |
| Apr 8, 2024 | 6A | $1,373,000 |
| Jun 9, 2023 | 2B | $1,050,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01425-0035) 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.
At the recent median sale of $1.2M (4 transfers since 2024), a buyer putting 25% down would pay about $25,036 to close, or 2.1% of the price.
- Mansion tax: $11,990
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $13,046
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Plan for 35 percent down. The ceiling is 65 percent financing, which is lower than at many neighbors.
Ask about the 2028 refinancing. The mortgage and credit line both mature on October 1, 2028. Ask the board how it plans to refinance and how it expects that to affect maintenance.
Confirm the assessments. Both an operating assessment and a capital assessment have been in place recently. Get the current figures and end dates in writing.
Check the fireplace. If the fireplace is part of why you want the apartment, confirm it works and is approved for use.
What to know if you’re selling
Budget the 2 percent. It is seller-paid on the gross price.
Leave room for the calendar. Board interviews run on the board's schedule, so build that into the contract timeline.
Market the fireplace and the scale. Twenty-one apartments and working fireplaces are uncommon at this price in Lenox Hill.
Comparable buildings
If you're considering 222 East 71st Street, also evaluate:
- 233 East 70th Street — condop on the same block, a postwar alternative
- 179 East 70th Street — another Lenox Hill building built as a cooperative, postwar
- 129 East 69th Street — small 1916 Lenox Hill co-op of similar scale
- 170 East 79th Street — 1927 co-op of about the same size
- 205 East 69th Street — 1929 prewar co-op, larger
- 315 East 68th Street — 1931 prewar co-op further east
- 212 East 70th Street — small prewar building nearby, condominium tenure
More Upper East Side buildings
- 220 East 67th Street — co-op
- 220 East 73rd Street (Eastgate) — 1929 co-op by Emery Roth
- The Concorde (220 East 65th Street) — 1978 condominium by Philip Birnbaum & Associates
- 222 East 80th Street (The Kimberly) — 1963 co-op
- 225 East 73rd Street (Eastgate) — 1932 co-op by Emery Roth
- 225 East 74th Street — 1938 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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.
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