- Year built
- 1940
- Type
- Cooperative
- Units
- 113
- Floors
- 6
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Studio median
- $359K
- Recent range
- $330K – $478K
- Listing discount
- 5.6%
- Recorded transfers
- 77
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 229 East 29th 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.
229 East 29th Street is a prewar cooperative in the Kips Bay / Rose Hill pocket between Second and Third Avenues, best known for a liberal policy framework. It is frequently described as a "co-op with condo rules": some apartments trade without board approval, subletting is liberal, and pied-à-terre and co-purchase arrangements are welcomed — flexibility that separates it from the typical NYC cooperative.
For buyers who want the pricing of a co-op with a fraction of the usual restriction, the building is a distinctive option. The 1940 prewar bones deliver high ceilings, hardwood floors, and large windows.
Architecture and building operations
The six-story prewar building carries an elevator, a live-in superintendent, central laundry, a bike room, and a virtual doorman rather than a full-time attended lobby. Some units include in-unit washer/dryers and terraces.
Inventory runs from studios through two-bedroom layouts.
Policy framework
- Type: Cooperative — but unusually flexible; some units require no board approval
- Pets: Permitted (cats and dogs)
- Pied-à-terre: Welcomed
- Co-purchasing / parents buying: Welcomed
- Subletting: Liberal to unlimited on many lines
- Flip tax: Verify
- Board interview: Not required on all units — verify per apartment
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,152/yr
- Per unit / month range
- $0 – $18
- Modeled exposure split equally across 113 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
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 9, 2026 | 5O | 2 BR · 1 BA · 650 sf | $477,500 | $735/sf | -3.5% |
| Mar 31, 2026 | 2G | 1 BA · 425 sf | $353,000 | $831/sf | -5.9% |
| Jan 29, 2026 | E3 | 1 BR · 1 BA | $499,000 | -16.8% | |
| Oct 14, 2025 | 5H | 1 BA | $330,000 | -9.6% | |
| Nov 4, 2024 | 3P | 1 BA | $365,000 | -3.9% | |
| Oct 11, 2023 | 3M | 1 BA · 450 sf | $368,000 | $818/sf | -5.6% |
| Aug 30, 2022 | 5C | 1 BA | $410,000 | +9.3% | |
| Mar 2, 2022 | 1D | 1 BA | $360,000 | -2.7% |
Market read. Most recent trades (2026) cleared a median $783/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 3.5% 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 1-00910-0014). 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.
Closed rents at 229 East 29th Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 6 | $2,900 |
| 2 bedroom | 3 | $4,000 |
Also $78 per sq ft per year (8 leases that report square footage). 10 closed sublet leases, October 2023 to September 2026. Most recent lease August 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $365K (5 transfers since 2024), a buyer putting 25% down would pay about $10,050 to close, or 2.8% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,050
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
The flexibility is the story. Liberal-to-unlimited subletting, welcomed pied-à-terre and co-purchase use, and no board approval on some units make this a rare cooperative for investors and non-primary buyers.
Verify the rules on the specific line. Policy latitude varies by apartment; confirm sublet, board-approval, and pied-à-terre terms for the exact unit at diligence.
Prewar bones at an accessible price. High ceilings and large windows in a 1940 building, priced below the trophy inventory nearby.
Service is light-touch. A virtual doorman, not a full attended lobby — factor that into your comparison.
Comparable buildings
- 147 Third Avenue — 1960 postwar Gramercy-border cooperative
- 141 East 55th Street — flexible mid-century Midtown East condominium
- 303 East 57th Street (The Excelsior) — Birnbaum 1967; postwar cooperative
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
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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