25 Market Street (Honto 88)
25 Market Street, New York, NY 10002
BBL 1002777501 · BIN 1077812
- Year built
- 1989
- Type
- Condominium
- Units
- 74
- Floors
- 15
- Pets
- Permitted (pet-friendly)
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Honto 88 Condominium 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.
Honto 88 is a full-service condominium at Henry and Market Streets in Two Bridges, one of the older market-rate condominiums in a neighborhood that until recently had little for-sale inventory. Built in 1989, the fifteen-story brown-brick building predates the wave of luxury towers that later reshaped the Two Bridges waterfront, and it offers something those newer buildings charge a premium for: full-service ownership — 24-hour doorman, a rooftop terrace, a recreation room — steps from the Manhattan Bridge, the South Street Seaport, Pier 17, and Chinatown.
For buyers, the appeal is an established, well-serviced condominium with genuine skyline and East River views from its higher floors, in a location that has become far more connected and desirable over the building's lifetime. As a condominium, it carries the full flexibility of pied-à-terre, investment, and subletting use.
Architecture and unit composition
The building is a late-1980s condominium in brown brick, fifteen stories tall. Higher floors capture skyline and East River views, and select units carry private terraces or balconies. Note that unit counts vary between public sources — the residential unit count is 74, while the broader lot count (including commercial and parking) reaches into the nineties; use 74 as the residential figure.
The condominium holds 74 residential units and shows extensive individual-unit sales history — a genuine for-sale condominium, not a rental or subsidized structure. Buyers should evaluate on floor, exposure, and view, which drive pricing variation meaningfully in this building.
Building operations
25 Market Street operates as a full-service condominium with a 24-hour doorman, an elevator, a rooftop deck/terrace, a recreation room, a live-in superintendent, and a package room. The full-service staffing is a differentiator in Two Bridges, where much of the surrounding stock is walk-up or smaller. Buyers should review reserves and building financials during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $24,808/yr
- 2030–2034 annual penalty
- $78,669/yr
- Per unit / month range
- $28 – $89
- Modeled exposure split equally across 74 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 →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
Honto 88 trades as an established full-service Two Bridges condominium, with the 24-hour doorman, rooftop terrace, and high-floor river/skyline views supporting demand. Its head start on the neighborhood's newer luxury towers — and its more accessible price point — make it a value-oriented full-service option near the waterfront and Chinatown.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Dec 11, 2019 | — | $3,000,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00277-7501). 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Views drive value. Skyline and East River views from higher floors are the building's premium inventory — target floor and exposure carefully.
Full-service in Two Bridges is scarce. The 24-hour doorman and rooftop terrace differentiate this building from the neighborhood's smaller stock.
Condo flexibility applies. Pied-à-terre use, investment ownership, and subletting are all workable under the declaration.
Confirm the unit count basis. Residential units total 74; the higher figure some sources cite counts all lots including commercial and parking.
What to know if you’re selling
Lead with views and service. High-floor river and skyline views plus full-service staffing are the strongest selling points.
Location has improved over time. The Seaport, Pier 17, and bridge access are genuine draws — market the connectivity.
Closing timelines are condo-fast. 30–45 days from contract to closing.
Comparable buildings
If you're considering 25 Market Street, also evaluate:
- 130 William Street — nearby full-service downtown condo
- 196 Orchard — Lower East Side condo
- 215 Chrystie Street — Herzog & de Meuron LES condo
- 143 Avenue B — nearby downtown building
More Lower East Side buildings
- 6 Rivington Street — 1900 co-op
- 14 Clinton Street — condominium
- 20 Clinton Street — 1930 condominium
- 36 Rivington Street — 1988 condominium
- 38 Delancey Street — 2010 condominium
- 42 Allen Street — 2017 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Lower East Side — read The Roebling Team Guide to Lower East Side.
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.
Considering a move at Honto 88 Condominium?
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