- 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, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $595K
- Recent range
- $550K – $766K
- Listing discount
- 4.4%
- Recorded transfers
- 72
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are most naturally valued on a per-room basis rather than strictly per square foot — many co-op offering records do not publish square footage, and the room count is the standard yardstick for pricing across the building's lines.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.
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, 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 12, 2026 | 8H | 2 BR · 1 BA · 851 sf | $650,000 | $764/sf | off-mkt |
| Sep 18, 2025 | 3B | 1 BR · 1 BA | $705,000 | -6.0% | |
| May 9, 2025 | 16B | 1 BR · 1 BA | $699,000 | -12.1% | |
| 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% | |
| Apr 18, 2024 | 3J | 1 BR · 1 BA · 773 sf | $550,000 | $712/sf | -12.0% |
Market read. Most recent trades (2026) cleared a median $768/sf across 1 sale. Median listing discount 4.5% 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 11, 2026 | 2A | $560,000 |
| Sep 21, 2016 | 16B | $849,000 |
| Dec 22, 2010 | 7J | $537,500 |
| Jun 7, 2007 | 12F | $935,000 |
| Jan 3, 2006 | 7J | $537,000 |
| Dec 23, 2004 | 9H | $594,000 |
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 1-00913-0028) 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
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 Roebling Team at Riverview East
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the Kips Bay and Murray Hill cooperative tier. We publish this building profile because buyers and sellers deserve building-specific intelligence — board rules, conversion structure, transactional mechanics, and per-room pricing — not generic market commentary.
If you're considering a purchase or sale at Riverview East, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Get the full picture on this building.
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