225 Rector Place (Rector Square)
225 Rector Place, New York, NY 10280
Battery Park City
BBL 1000167515 · BIN 1000053
- Year built
- 1986
- Type
- Condominium
- Units
- 289
- Floors
- 24
- Landmark
- No
- Amenities
- 24-hour attended lobby, a two-story fitness center, a yoga studio, an indoor atrium-style swimming pool, a steam room, a residents' lounge, a children's playroom, bike storage, and a landscaped roof deck with lounge seating, grilling stations, and Hudson River, Statue of Liberty, and downtown-skyline views
- Pets
- Pet-friendly — verify current house rules with the managing agent
- Flip tax
- Not documented here — verify against the by-laws at offer stage
Every recorded sale at this building, 2008–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,213
- Listing discount
- 1.0%
- Recorded sales
- 472
- On record
- 2008–2026
Rector Square is one of Battery Park City's larger for-sale condominiums — roughly 289 residences in a red-brick building one block from the Hudson on Rector Place. It began life in 1986 as the Parc Place rental building and was taken down to a gut renovation and converted to condominium ownership in 2008, emerging with refinished interiors, a deep amenity package, and a landscaped roof deck looking out over the river, the Statue of Liberty, and the downtown skyline.
The building's thesis is neighborhood plus amenity depth at a Lower Manhattan per-foot below the trophy waterfront towers. For a building of this size to carry an indoor pool, a two-story fitness center, a yoga studio, a residents' lounge, a children's playroom, and a full roof deck is a genuine draw. It appeals to buyers who want full-service Battery Park City living — quiet, park-laced streets, Hudson River Park and the esplanade at the doorstep, and a short walk to the Financial District and downtown transit.
There is, however, a fact about this building — and every residential building in Battery Park City — that no buyer can skip: the land underneath it is leased, not owned. That single structural feature shapes the carrying costs, the financing, and the resale math more than any amenity does, and it is the lead diligence item for anyone buying here.
Architecture and unit composition
The building is a red-brick Battery Park City mid-rise of 24 stories, originally designed by Gruzen Samton Steinglass in 1986. The 2008 conversion, led by Richard J. DeMarco with residential interiors by Clodagh, refinished the roughly 289 residences — refinished floors and updated kitchens and baths — and rebuilt the amenity program. Layouts run from studios through larger family-sized homes; higher floors and river-facing lines carry the Hudson, harbor, and skyline exposures the roof deck is known for. As with any converted building, renovation quality and finish level vary line to line, so confirm the specific unit.
Building operations
Rector Square runs as a full-service condominium: a 24-hour attended lobby, a two-story fitness center, a yoga studio, an indoor atrium-style swimming pool, a steam room, a residents' lounge, a children's playroom, bike storage, and a landscaped roof deck with lounge seating and grilling stations. Common charges reflect the amenity depth; the ground rent and PILOT are carried separately and are the larger variable over a long hold. The offering plan, current house rules, and the ground lease are on file in The Roebling Research Library.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $41,116/yr
- Per unit / month range
- $0 – $12
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 →Recent sales
Rector Square trades in the Battery Park City condominium market, where the land-lease structure keeps the per-square-foot below comparable fee-simple product in Lower Manhattan while delivering full-service, amenity-rich waterfront living. Buyers here are pricing carrying costs — common charges plus ground rent plus PILOT — against a lower entry per foot, and the trade-off shifts with each ground-rent reset and with the remaining lease term. Apartment-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 |
|---|---|---|---|---|---|
| May 11, 2026 | 12R | 1 BR · 1 BA · 698 sf | $795,000 | $1,139/sf | -6.3% |
| May 1, 2026 | 5K | 3 BR · 2 BA · 1,376 sf | $1,800,000 | $1,308/sf | -6.5% |
| Apr 22, 2026 | 19E | 1 BR · 1 BA · 689 sf | $910,000 | $1,321/sf | -1.6% |
| Apr 20, 2026 | 2DD | 1 BA · 550 sf | $600,000 | $1,091/sf | +0.0% |
| Mar 11, 2026 | 2K | 1 BA · 522 sf | $605,000 | $1,159/sf | -4.7% |
| Dec 3, 2025 | 22A | 1 BR · 1 BA · 761 sf | $890,000 | $1,170/sf | -7.8% |
| Oct 14, 2025 | 22B | 2 BR · 2 BA · 938 sf | $1,375,000 | $1,466/sf | -3.5% |
| Jun 25, 2025 | 11R | 1 BR · 1 BA · 697 sf | $875,000 | $1,255/sf | -2.2% |
Market read. Most recent trades (2026) cleared a median $1,213/sf across 5 sales. Median listing discount 1.0% 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 1-00016-7515) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
Read the ground lease first. This is a land-lease condominium. Confirm the remaining term, the ground-rent and PILOT schedules and resets, and how they flow to your unit before anything else. It drives your carry and your financing more than any amenity.
Model the full carry, escalations included. Common charges plus ground rent plus PILOT — and PILOT and ground rent escalate on defined schedules. Underwrite the number for your full hold, not just year one.
Confirm financing early. Lenders price land-lease condos against the remaining lease term. Line up your lender and confirm terms before you fall in love with a unit.
Underwrite the amenity value honestly. The indoor pool, two-story gym, lounge, and roof deck are a real package in a building this size. If you will use them, the monthly buys more than the number suggests; if you will not, you are subsidizing neighbors who do.
Confirm the exposure line by line. River, harbor, and skyline views vary substantially by floor and orientation; a Rector Place-facing line is a different apartment than a Hudson-facing one.
What to know if you’re selling
Get ahead of the ground-lease question. Serious Battery Park City buyers will ask about term, ground rent, and PILOT on day one. Have the current figures and the ground lease ready — a clear, documented answer widens your buyer pool.
The amenity stack and the roof deck are the marketing story. Lead with the pool, the two-story fitness center, and the river-view roof deck — they are deeper than much of the vintage.
Position within Battery Park City, not against fee-simple downtown. Your comparable set is the neighborhood's other land-lease condominiums, where buyers already understand and price the structure.
High floors and river exposure carry the premium. View, floor, and orientation drive the per-foot spread here.
Closing timelines are condo-fast. 30 to 45 days from contract to closing, once financing clears the ground-lease review.
Comparable buildings
- Liberty Court (200 Rector Place) — neighboring Rector Place land-lease condominium tower
- 300 Rector Place — nearby Rector Place Battery Park City condominium
- 99 Battery Place — Battery Park City condominium near Battery Place
- The Cove Club — a Polshek-designed waterfront condominium
- 2 River Terrace — northern Battery Park City condominium on the river
- 250 South End Avenue — Battery Park City condominium on South End Avenue
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Battery Park City — read The Roebling Team Guide to Battery Park City.
Considering a move at Rector Square?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Rector Square 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.