245 East 54th Street (The Brevard)
245 East 54th Street, New York, NY 10022
Midtown East
BBL 1013280021 · BIN 1038575
- Year built
- 1977
- Type
- Cooperative
- Units
- 444
- Floors
- 29
- Landmark
- No
- Pets
- Pets permitted, small pets up to 15 lbs
- Subletting
- Permitted after a residency period, with board approval
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $630K
- Recent range
- $310K – $2.1M
- Listing discount
- 4.5%
- Recorded transfers
- 628
245 East 54th Street — The Brevard — is one of the largest residential buildings in its corner of Midtown East, a roughly 444-unit cooperative tower built in 1977 by the LeFrak Organization to a design by Emery Roth & Sons. Both names carry weight in New York housing history: LeFrak was one of the city's most prolific developers of large-scale rental and ownership housing, and Emery Roth & Sons designed a substantial share of Manhattan's mid-century apartment and office towers. The Brevard is a representative product of that partnership — a high-volume, full-service residential tower built to last.
Scale is the building's defining attribute and its core market argument. With several hundred apartments, The Brevard offers depth of inventory across studios and one-bedrooms, a full-service operation that the building's size supports, and an entry-to-mid-market price band that makes it one of the more accessible doorman cooperatives in central Midtown East. Buyers looking for a turnkey, full-service ownership home near the Midtown business district — without trophy pricing — are the building's natural audience.
The location sits on the edge of the Sutton and Turtle Bay areas, a quiet residential pocket close to Midtown offices, the United Nations, and the Second and Third Avenue retail spines. The Brevard is a workhorse cooperative — practical, well-run, and consistently liquid — rather than a marquee address, and it has priced and traded that way for decades.
Architecture and unit composition
The Brevard presents as a light-brick high-rise of roughly 29 to 30 stories, typical of the late-1970s Emery Roth & Sons residential vocabulary: a clean, vertical tower built for volume and efficiency rather than ornament. The building's lobby and corridors have been refreshed in recent years.
The unit mix runs predominantly to studios and one-bedrooms, with the building's height producing a range of exposures and, on the upper floors, open city views. As a cooperative, apartments are valued on a price-per-room basis, with floor, exposure, and renovation condition the primary swing factors between comparable lines. The furnished roof deck takes advantage of the tower's upper-floor view envelope and is a building-wide amenity.
Building operations
The Brevard operates as a full-service cooperative: 24-hour doorman and concierge, central laundry, an in-building parking garage, and a furnished roof deck with panoramic views. The building's size supports a robust service operation and helps spread fixed costs across a large shareholder base — a structural advantage of large cooperatives.
Governance is by a board, and purchases are subject to board review and an interview. The building is pet-friendly for small pets up to 15 lbs, and pieds-à-terre and subletting are accommodated under the building's rules — subletting typically after a residency period and with board approval. The variable financial specifics — financing limits, flip tax, sublet terms, and post-closing liquidity expectations — should be confirmed at offer stage against the current house rules and most recent financials.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $99,679/yr
- Per unit / month range
- $0 – $19
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 →Management & transfer contacts
- Flip tax
- $2.00 per share (buyer)
- Sublet policy
- Allowed after 2 yrs primary residence, max 5 yrs; fee $0.35/share/month
- Pied-à-terre
- Not allowed
- Notable fees
- 80% max financing; pets under 15 lbs
Recent sales
245 East 54th Street is among the most liquid cooperatives in its Midtown East pocket, a direct function of its size. As a co-op, apartments are read on a price-per-room basis, and the deep inventory of studios and one-bedrooms means there is usually a substantial sample of recent comparables — an advantage for both pricing and negotiation. Recorded transfers cluster in the entry-to-mid-market band that the building's layout profile supports, with upper-floor and better-exposed lines commanding the premium.
The building's pricing argument is value-for-location: a full-service, doorman cooperative in central Midtown East at price points well below the corridor's prewar and new-development inventory. Renovation condition and exposure are the dominant variables between otherwise similar lines. Verify the most recent apartment-level closings against NYC Department of Finance recorded transfers and exclude any non-arms-length transfers from your comparable set.
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 |
|---|---|---|---|---|---|
| Jun 11, 2026 | 22A | 1 BR · 1 BA · 700 sf | $595,000 | $850/sf | -9.8% |
| May 15, 2026 | 3J | 2 BR · 2 BA · 1,200 sf | $1,125,000 | $938/sf | -2.2% |
| May 8, 2026 | 3JK | 2 BR · 2 BA | $1,125,000 | -2.2% | |
| Apr 21, 2026 | 29S | 1 BR · 1 BA | $615,000 | -5.4% | |
| Mar 17, 2026 | 17J | 1 BA | $404,000 | +1.3% | |
| Mar 12, 2026 | 26G | 1 BR · 1 BA | $635,000 | -2.3% | |
| Mar 5, 2026 | 25H | 1 BR · 1 BA | $628,000 | -3.4% | |
| Feb 25, 2026 | 25ST | 2 BR · 2 BA | $999,000 | -7.1% |
Market read. Most recent trades (2026) cleared a median $826/sf across 3 sales. Median listing discount 3.4% 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 |
|---|---|---|
| Dec 10, 2009 | 12B | $320,000 |
| Dec 10, 2009 | 25C | $339,000 |
| Sep 22, 2003 | 6B | $325,000 |
| Aug 12, 2003 | 3A | $330,000 |
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 1-01328-0021) 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
It is a co-op — plan for the board. Purchases require board approval and an interview. Build your timeline and financial presentation around the process.
Price on rooms, not square feet. As a cooperative, the building trades on a price-per-room basis. Compare like lines and adjust for floor, exposure, and condition.
Scale is an advantage for buyers. Deep inventory means a strong comp set and, often, more negotiating leverage than a thin-turnover building affords.
Confirm the financial framework at offer stage. Financing limits, flip tax, and sublet terms vary; confirm them against the current house rules.
Model the full carry. Maintenance plus financing plus any assessment is the real monthly number — get the building's most recent financials.
What to know if you’re selling
Comparable selection is everything. With deep in-building inventory, pricing depends on choosing the right recent comps and adjusting precisely for floor, exposure, and renovation level.
Lead with full-service value. Doorman, concierge, garage, and roof deck at an accessible price point are the marketing story for an entry-to-mid-market buyer.
Prepare the board package early. A clean, complete presentation shortens the path through board review and reduces the risk of a stalled closing.
Comparable buildings
If you're considering 245 East 54th Street, also evaluate:
- 303 East 57th Street (The Excelsior) — large full-service Midtown East cooperative nearby
- 425 East 58th Street (The Sovereign) — 1970s full-service Midtown East tower
- 322 East 57th Street — Harry M. Clawson of Caughey & Evans's 1929-1930 Manhattan cooperative
- 225 East 36th Street (The Murray Hill Crescent) — postwar Murray Hill cooperative with a comparable full-service profile
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 The Brevard?
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 Brevard 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.