- 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
- 80
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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,152/yr
- Per unit / month range
- $0 – $18
Recent sales
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 |
|---|---|---|---|---|---|
| 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 across 2 sales. 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) 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
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 neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
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.
Considering a move at 229 East 29th Street?
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 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.