Two Bridges Townhouses

The site is divided into three groups of walk-up buildings, with courtyards between them and a yard behind. City planning descriptions identify approximately 42,800 square feet of land and 56,550 square feet of building area. The open portions of the property are a substantial part of its physical arrangement.

The residences include two- and three-bedroom layouts. Individual apartments have appeared with one, one-and-a-half or two bathrooms, and their entrances and stair access depend on their location within the groups. The townhouse name describes the development's form; it does not mean every apartment is an independently owned house or occupies three floors.

The low height makes floor position especially tangible. A lower residence has fewer stairs, while upper apartments can gain light and views across the open spaces or toward the bridges. The surrounding skyline has changed substantially since the complex was built, so a view across a courtyard and a distant view beyond the property serve different purposes.

At a built FAR of 1.32, the property occupies much less floor area than the current C6-4 district's stated residential allowance. The condominium arrangement, existing buildings and applicable planning controls remain relevant to any development proposal; the zoning figure alone isn't a buildable addition for an individual owner.

Ownership is distributed across the 57 residential tax lots, with no single owner holding more than one residence in the DOF ownership tally. The condominium's common obligations extend across multiple low-rise structures and the open areas between them. Roofs, shared exterior surfaces and courtyard upkeep are therefore central to the physical property.

Class 1A taxation is an unusual feature for a Manhattan condominium of this overall size. Each residential lot is in the Class 1 framework, with statutory limits on assessment growth. Those limits apply to assessed value, not to the owner's total annual bill, and improvements or other tax changes can still affect the amount payable. There is no building-wide abatement listed in the current DOF record.

The walk-up configuration carries no elevator service to the upper residences. Stair access is part of the permanent layout, alongside the shared outdoor circulation between the building groups.

Recent sales

Recent closings 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.

Market read. Most recent trades (2025) cleared a median $933/sf (recorded) across 1 sale.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00246-7501; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.

A townhouse setting with condominium responsibilities. The shared courtyards and grouped roofs make the boundary between apartment work and association work particularly relevant here. An upper-floor purchase should establish how roof and skylight repairs are allocated; a lower-floor purchase should establish responsibility for adjacent common outdoor areas. Those allocations follow the condominium documents, not the apparent boundary of an individual building entrance.

• Madison Tower — A nearby condominium from a later development cycle, offering an elevator-building comparison to the walk-up groups.
• Honto 88 — A late-twentieth-century condominium with substantially greater height and an established resale market.
• 48 Hester Street — A smaller condominium of a similar broad generation, with apartments stacked in a mid-rise building.
• 50 Henry Street — A local condominium with fewer residences in a taller structure, useful for comparing building scale and tenure.
• West Lake Terraces — A lower-rise condominium built more recently, relevant to buyers seeking ownership below the neighborhood's tower scale.