The Townsley (245 East 35th Street)
245 East 35th Street, New York, NY 10016
Murray Hill
BBL 1009160023 · BIN 1020185
- Year built
- 1964
- Type
- Cooperative
- Units
- 115
- Floors
- 14
- Landmark
- No
- Pets
- Permitted per listing records
- Subletting
- Permitted per listing records — verify current terms with the managing agent
- Pied-à-terre
- Allowed
- Financing
- Confirm maximum financing percentage with the managing agent at offer stage
- Flip tax
- Yes — a transfer-fee agreement is in place; confirm the current rate with the managing agent at offer stage
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $535K
- Recent range
- $339K – $550K
- Listing discount
- 6.9%
- Recorded transfers
- 119
The Townsley is a full-service Murray Hill co-op that competes on carry, service, and location rather than architectural statement. A 1964 white-brick tower on East 35th Street between Second and Third Avenues, it delivers the package that defines the neighborhood's best postwar cooperative stock — a 24-hour doorman, a live-in superintendent and porter, two elevators, and both a roof deck with East River views and a rear garden — at a price tier that competes with the entry band of Manhattan co-op ownership. It is a practical building, and its buyers reward it for being one.
The building was built as a rental in 1964 and converted to cooperative ownership in 1984 under 24535 Owners Corp. That conversion documentation matters more than usual at this price tier, and the offering plan, proprietary lease, and by-laws are on file with us. The building carries a formal transfer-fee agreement — a flip tax — which sellers should factor into net-proceeds math and buyers should confirm the current rate on before offering.
Architecturally the building is straightforward postwar work: white brick, fourteen stories, black-brick spandrels breaking the center bays, and a canopied entrance. The amenity that residents actually talk about is the roof deck, which draws a July 4th crowd for the East River fireworks, paired with the quieter rear garden below. The location does the heavy lifting — southern Murray Hill, two avenues from the Third Avenue retail spine, walking distance to Grand Central's full transit stack, the 6 at 33rd Street, and the East 34th Street ferry landing, with the Queens-Midtown Tunnel approach nearby.
Architecture and unit composition
The Townsley runs fourteen stories of white brick with black-brick spandrel banding on its center bays. The inventory is predominantly studios, one-bedrooms, and two-bedrooms, with a set of penthouse apartments carrying private terraces at the top of the building. Layouts are 1960s-practical — defined foyers, real closets, and efficient room shapes that renovate cleanly. Exposures split between the street and the rear garden; the terraced penthouses and the higher floors carry the building's better light and its East River sight lines. The building runs on through-wall or window air conditioning rather than central systems; buyers pricing renovations should set HVAC expectations accordingly.
Building operations
This is a staffed, full-service co-op: a 24-hour doorman, a live-in superintendent and porter, two elevators, central laundry, a bike room, and private storage, plus the shared roof deck and rear garden. There is no on-site garage or fitness center. The offering plan, proprietary lease, and by-laws are on file in The Roebling Research Library and available to clients during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $47,680/yr
- Per unit / month range
- $0 – $35
Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
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
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 |
|---|---|---|---|---|---|
| Feb 4, 2026 | PHA | 1 BR · 1 BA · 950 sf | $715,000 | $753/sf | +2.9% |
| Jul 23, 2025 | 11K | 1 BA | $345,000 | -1.4% | |
| Sep 5, 2024 | 10J | 1 BA | $339,000 | -8.1% | |
| Jun 5, 2024 | 7H | 1 BR · 1 BA | $534,581 | -2.8% | |
| May 28, 2024 | 5D | 1 BR · 1 BA | $430,000 | -18.1% | |
| May 20, 2024 | 8J | 1 BA | $367,555 | -6.9% | |
| Dec 28, 2023 | 5E | 1 BA | $375,000 | -5.1% | |
| Oct 3, 2023 | 14B | 1 BR · 1 BA | $550,000 | -20.9% |
Market read. Most recent trades (2026) cleared a median $753/sf across 1 sale. Median listing discount 2.5% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| May 25, 2005 | 9F | $379,000 |
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 1-00916-0023) 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 service package is the product. A 24-hour doorman, live-in staff, two elevators, a roof deck, and a rear garden — at Murray Hill value pricing — is the core value proposition. Weigh it against leaner, cheaper-carry co-ops nearby and against the doorman condominiums that price higher.
Confirm the flip tax rate. The building carries a formal transfer-fee agreement. Get the current rate and structure before you model net proceeds or offer.
Walk the location both directions. East 35th between Second and Third is quiet residential; Grand Central, the 6 at 33rd Street, the East 34th Street ferry, and the Midtown Tunnel approach are all within a few blocks. Experience the tunnel-approach traffic patterns at rush hour before committing to a street-facing line.
Prioritize floor and terrace. Light and views are the pricing axis here; the penthouse terraces and upper floors carry the East River exposure. Price accordingly.
Run the board math early. The Co-op Board Qualification Calculator is the right first step.
What to know if you’re selling
Lead with service and amenities at this price. The full-service package plus roof deck and garden is a stronger story than the apartment alone at the building's entry-tier pricing. Put it first.
Condition drives the spread. In a building where exposures vary modestly, renovated-versus-original is the pricing axis. Price estate-condition units to the renovation math — the Renovation Cost Calculator frames it for buyers.
Model the flip tax into your net. Sellers should carry the transfer fee in every proceeds conversation from the first pricing meeting.
Comparable buildings
If you're considering The Townsley, also evaluate:
- 222 East 35th Street — The Gregory House, the leaner no-doorman co-op alternative on the same block
- 225 East 36th Street — postwar Murray Hill co-op with similar entry-tier inventory
- 155 East 38th Street — full-service Murray Hill condominium; the condo-flexibility alternative
- 201 East 36th Street — Murray Hill co-op nearby
- 160 East 38th Street — postwar full-service co-op; a doorman comparable
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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 The Townsley?
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 The Townsley 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.