Cooperative · 1964
The Townsley
245 East 35th Street, New York, NY 10016
Buildings·Midtown East·Cooperative

The Townsley (245 East 35th Street)

245 East 35th Street, New York, NY 10016

CorridorMidtown East
At a glance
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
The Data Room

Every recorded sale at this building, 2005–2026

Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.

1BR median
$542K
Recent range
$535K – $550K
Listing discount
3.6%
Recorded transfers
19

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.

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.

DateUnitApartmentPricePPSFvs. Ask
Feb 4, 2026PHA
1 BR · 1 BA · 950 sf
$715,000$753/sf+2.9%
Jun 5, 20247H
1 BR · 1 BA
$534,581-2.8%
Oct 3, 202314B
1 BR · 1 BA
$550,000-20.9%
Oct 20, 202110C
1 BR · 1 BA
$550,000-4.3%
Sep 3, 20213C
1 BR · 1 BA
$570,000-4.8%
Nov 22, 20196B
1 BR · 1 BA
$636,406-1.3%
Aug 14, 2019PHC
2 BR · 1 BA · 1,000 sf
$880,000$880/sf-1.7%
Aug 9, 201812C
1 BR · 1 BA
$626,224+0.2%

Market read. Most recent trades (2026) cleared a median $753/sf across 1 sale. Median listing discount 3.0% 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.

7C · 750 sf+20%
$610,000 ($813/sf) 2006$735,000 ($980/sf) 2013
10C+2%
$541,026 2008$550,000 2021
14B-3%
$565,000 ($685/sf) 2006$550,000 2023
3C-4%
$595,384 2017$570,000 2021
PHA · 950 sf-17%
$860,000 ($905/sf) 2007$715,000 ($753/sf) 2026

Other recent transfers

DateUnitPrice
Jan 7, 20226D$500,000
Jan 26, 20178G$545,000
Oct 21, 200810C$541,026
View all 19 recorded transfers, sortable

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:

The Roebling Team at The Townsley

The Roebling Team at Compass works Murray Hill and the broader Midtown East corridor as a core practice area. We publish this building profile because Townsley buyers and sellers deserve building-specific intelligence — conversion documentation, policy framework, and corridor-level comparables — not generic neighborhood commentary.

If you're considering a transaction at The Townsley, a 30-minute consultation is the right starting point.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.

Considering a move at The Townsley?

Get the full picture on this building.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com