251 East 32nd Street (Riverview East)
251 East 32nd Street, New York, NY 10016
BBL 1009130028 · BIN 1020092
- Year built
- 1964
- Type
- Cooperative
- Units
- 163
- Floors
- 20
- Landmark
- No
- Pets
- Permitted with board approval — up to two pets; dogs under 40 lbs.
- Subletting
- Permitted after two years of residency — two years out of every five, with board approval
- Pied-à-terre
- Allowed
- Financing
- Up to 80% permitted (minimum 20% down)
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $593K
- Recent range
- $348K – $766K
- Listing discount
- 5.2%
- Recorded transfers
- 114
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Riverview East 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.
Riverview East is a well-run, full-service Kips Bay cooperative — a 1964-era rental building converted to cooperative ownership in 1981, on East 32nd Street between Second and Third Avenues, across from the Kips Bay Towers superblock and the AMC Kips Bay theater, and roughly two blocks from the 6 train. It is a market-rate cooperative with a genuine open-market resale market; it is not a Mitchell-Lama, HDFC, or limited-equity building, and its shares trade at market value.
The building's appeal is straightforward: a doorman, an on-site full-service garage, and sensible board rules at a Kips Bay price point that sits meaningfully below the neighborhood's condominium inventory. Its buyer pool is primary-residence purchasers — the co-op's rules preclude pied-à-terre use — who want a full-service building without paying a condominium premium.
Architecture and unit composition
Riverview East is a 20-story post-war brick cooperative. The building is amenity-light by design — the value is in the full-service operation and the on-site garage rather than a resort-style amenity floor — and the lobby has been renovated. Some apartments have private terraces, an uncommon and desirable feature in the building.
The unit mix runs from studios through two-bedrooms (with some larger lines historically). Because it is a cooperative, apartments are most naturally valued on a per-room basis rather than strictly per square foot — many co-op offering records do not publish square footage, and the room count is the standard yardstick for pricing across the building's lines.
Building operations
Riverview East operates as a full-service cooperative with a 24-hour doorman, a resident superintendent, and an on-site full-service parking garage. The board rules are middle-of-the-road for a market-rate co-op: 80% financing is permitted; pets are allowed with board approval (up to two, dogs under 40 lbs.); subletting is permitted after two years of residency, for two years out of every five, with board approval; and pied-à-terre, secondary-residence, and short-term use are not permitted. In-unit washer/dryers are not permitted. Guarantors and parents-buying-for-a-child are not permitted, though co-purchasing is allowed.
As with any cooperative, purchase requires a full board application and interview, and the board will expect post-closing liquidity and homeowner's insurance. Buyers should review the offering plan, the current house rules, recent financial statements, and the reserve position during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $36,169/yr
- 2030–2034 annual penalty
- $141,607/yr
- Per unit / month range
- $18 – $72
- Modeled exposure split equally across 164 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 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.
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.
Management & transfer contacts
- Sublet policy
- Allowed; sublet fee 15% of annualized maintenance (1-year) / 8% (6-month)
- Pied-à-terre
- Not Allowed
- Notable fees
- Max financing 80%
Recent sales
Recent trading at Riverview East has run from studios through two-bedrooms, with pricing on a per-room basis in the accessible tier for a full-service Kips Bay cooperative — consistent with a no-frills 1960s conversion whose value rests on its full-service operation and garage rather than on amenities or a trophy address. The building trades below the neighborhood's condominium inventory, and its per-room pricing reflects that positioning.
Because co-op pricing turns on room count, floor, exposure, terrace, and renovation condition, comparables should be matched on those dimensions. Apartments with private terraces command a premium within the building.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 18, 2025 | 3B | 1 BR · 1 BA | $705,000 | -6.0% | |
| Jun 30, 2025 | 21F | 1 BA | $350,000 | +11.1% | |
| May 9, 2025 | 16B | 1 BR · 1 BA | $699,000 | -12.1% | |
| Apr 4, 2025 | 12G | 1 BA | $420,000 | -3.4% | |
| Nov 25, 2024 | 5J | 1 BR · 1 BA · 775 sf | $595,000 | $768/sf | -0.7% |
| Oct 7, 2024 | 12A | 2 BR · 1 BA · 886 sf | $766,150 | $865/sf | -3.6% |
| Jul 31, 2024 | 19F | 1 BR · 1 BA · 750 sf | $590,000 | $787/sf | -1.5% |
| Jun 20, 2024 | 15J | 1 BR · 1 BA | $645,000 | -4.4% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $779/sf (floor-adjusted) across 4 sales. The building has traded as recently as 2026. Median listing discount 4.2% 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 1-00913-0028). 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; square footage on co-ops is not officially recorded, figures shown are approximate.
Closed rents at Riverview East, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 6 | $4,410 |
Also $66 per sq ft per year (7 leases that report square footage). 7 closed sublet leases, October 2023 to September 2026. Most recent lease March 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $699K (6 transfers since 2024), a buyer putting 25% down would pay about $11,171 to close, or 1.6% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,171
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
This is a primary-residence building. Pied-à-terre, secondary-residence, and short-term use are not permitted. If you need flexibility for occasional or investment use, this co-op is not the right fit.
Board approval is real, and liquidity matters. Expect a full board application and interview, and be prepared to demonstrate post-closing liquidity.
The rules are workable but specific. 80% financing; pets with board approval (dogs under 40 lbs.); subletting after two years, two out of every five, with approval. Confirm the current terms and any transfer fees at offer stage.
Model the carry on a per-room basis. Maintenance plus any assessment — and remember maintenance includes the building's underlying operating and tax costs. Run pricing through the Buyer Closing Cost Calculator.
What to know if you’re selling
Qualify buyers early. Because the co-op requires board approval and precludes pied-à-terre use, screening for genuinely qualified primary-residence buyers protects the timeline.
Terraces and renovation condition drive price. Highlight a private terrace and a current renovation; both command a premium within the building.
Position against the co-op comparable set. Riverview East competes with other full-service Kips Bay and Murray Hill cooperatives, not with the neighborhood's condominiums; price on a per-room basis accordingly.
Plan for a co-op timeline. Board application and interview add time relative to a condominium sale.
Comparable buildings
If you're considering Riverview East, also evaluate:
- 165 East 32nd Street — The Byron; a nearby full-service post-war cooperative
- 333 East 34th Street — The Devon; a nearby conversion condominium alternative with more flexible rules
- 155 East 34th Street (Warren House) — a Murray Hill cooperative peer
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.
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.
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