Leasehold condominium — a "qualified leasehold condominium" under the 1981 amendment to the New York Condominium Act · 1986
300 Rector Place (Battery Pointe)
300 Rector Place, New York, NY 10280
Buildings·Battery Park City·Leasehold condominium — a "qualified leasehold condominium" under the 1981 amendment to the New York Condominium Act

300 Rector Place (Battery Pointe)

300 Rector Place, New York, NY 10280

At a glance
Year built
1986
Type
Leasehold condominium — a "qualified leasehold condominium" under the 1981 amendment to the New York Condominium Act
Units
153
Floors
9
Landmark
No
Amenities
Fitness room overlooking the private landscaped courtyard garden, furnished roof terrace with Hudson River views, children's playroom, private garden with seating
Pets
Not firmly documented in public records — verify with the managing agent
The Data Room

Every recorded sale at this building, 2025–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Recorded sales
24
On record
2025–2026

Battery Pointe is one of the original Rector Place condominiums — part of the 1980s build-out that made Battery Park City the most fully realized master-planned residential neighborhood in Manhattan. The Cooper, Eckstut design guidelines deliberately modeled the district on the city's best older residential fabric — Gramercy Park, Riverside Drive, the Brooklyn Heights Esplanade — and Battery Pointe's neo-Georgian red brick over a white stone base is among the most literal expressions of that intent. Bond Ryder James designed it as a pair with the Soundings across South End Avenue: two nine-story corner buildings that anchor the low-rise, garden-scaled end of the Rector Place composition.

The building's market position follows from its structure as much as its architecture. Like nearly every condominium in Battery Park City, Battery Pointe is a qualified leasehold condominium: unit owners own their apartments as leasehold interests, the Battery Park City Authority owns the land, and the building pays ground rent plus PILOT in lieu of conventional real estate taxes. The practical result is purchase prices that run at a visible discount to comparable view product elsewhere downtown, paired with monthly carrying costs that run higher — a trade every Battery Park City buyer should price deliberately rather than discover at the closing table.

What distinguishes Battery Pointe within that framework is documentation. The Roebling Research Library holds the original June 27, 1986 offering plan, amendments with early audited financial statements, and — most consequentially — the September 2011 amendment to the BPCA ground lease, negotiated in the era when eleven Battery Park City condominium boards organized collectively to restructure their ground-rent escalations. That amendment replaced near-term appraisal-based resets with a fixed, published rent schedule running through 2041, pushing fair-market reappraisal out to the 55th anniversary of the building's first certificate of occupancy. For a leasehold building, a known rent curve is the single most important underwriting fact, and at Battery Pointe it is on file.

At nine stories and 153 units on a corner one block from the Esplanade, the building offers something the corridor's towers do not: low-rise scale, a private interior garden, and proximity to the waterfront without elevator-bank anonymity.

Architecture and unit composition

The building rises 9 floors in red brick above a two-story white stone base, with an arcaded ground level along Rector Place, banded detailing at the top two floors, and night illumination that makes the crown legible from the Esplanade. Architectural records note a quiet technical distinction: the building uses a direct-upfeed water system rather than a traditional rooftop tank. The roughly 153 apartments run from studios and one-bedrooms through two- and three-bedroom corner lines; west-facing units catch Hudson River light and sunset views, while east- and courtyard-facing apartments overlook the building's private landscaped garden. Scale, not spectacle, is the product — ceilings, layouts, and finishes are 1980s-conventional, and renovated units trade at a clear premium.

Building operations

Full-service at boutique scale: 24-hour doorman, live-in superintendent, fitness room overlooking the garden, furnished roof terrace with river views, and a children's playroom. The commercial unit at the base was retained by the sponsor at offering and remains a separate unit per the plan. Operations are conventional condominium governance — a unit-owner board of managers, which also serves as tenant of record under the BPCA ground lease on behalf of all unit owners. The offering plan, amendments, early audited financials, and the 2011 ground-lease amendment are on file in The Roebling Research Library.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Recent sales

Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Apr 27, 202619E$910,000
Apr 21, 202619B$960,000
Apr 21, 20263B$1,850,000
Apr 16, 20267I$980,000
Apr 14, 202620B$1,205,000
Apr 27, 202617S$2,600,000
View all 24 recorded sales, sortable

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 1-00016-7507) 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.

What to know if you’re buying

Underwrite the ground lease first. This is a leasehold condominium: you are buying a leasehold interest, not land. The 2011 lease amendment on file fixes the building's base-rent schedule through 2041, with appraisal-based reset mechanics after that and the broader Battery Park City lease framework running to 2069. Your attorney should review the amendment and the board's current disclosures before contract — we provide the documents.

Price the monthly, not the sticker. Common charges in Battery Park City embed ground rent and PILOT. The purchase-price discount is real, but so is the carry. Run the True Monthly Carrying Cost Calculator against a fee-simple alternative before deciding which economics you prefer.

Confirm lender treatment early. Most major lenders are comfortable with Battery Park City leasehold condominiums, but underwriting standards on lease term and rent-reset exposure vary. Get the building approved with your lender at the pre-offer stage, not in week three of contract.

The neighborhood is the amenity. The Esplanade, Rector Park, the ball fields, Brookfield Place, and some of the strongest public-school zoning downtown sit within blocks. The 2009-era resiliency and post-Sandy flood-planning history of the corridor is also worth reviewing — the parcel sits in a designated flood zone per city records, and diligence should cover the building's flood protocols.

Verify the policy stack. Pets, sublets, and alteration rules are thinly documented publicly. We verify against the offering plan, by-laws, and managing agent during diligence.

What to know if you’re selling

Sell the math honestly. Sophisticated buyers will model the leasehold. The 2011 fixed rent schedule is a genuine selling point — lead with the known curve rather than letting buyers assume the worst about resets. We provide the underlying lease amendment to serious buyers' counsel.

Position against the towers. Battery Pointe's pitch is low-rise scale, the garden, the roof terrace, and the corner location a block from the water — a different product from the corridor's high-rise stock. Market it as the brownstone-scale alternative within the master plan.

Condition drives the spread. The buyer pool here is value-driven and carry-sensitive; renovated units clear cleanly, dated units clear at renovation-math discounts. Run the Renovation Cost Calculator against your pricing strategy before listing.

Comparable buildings

If you're considering 300 Rector Place, also evaluate:

  • The Soundings, 280 Rector Place — the sister building by the same architects directly across South End Avenue; the closest like-for-like comp in the city
  • 200 Rector Place (Liberty Court) — the corridor's large full-amenity tower alternative
  • 250 South End Avenue (Hudson View East) — fellow Rector Place-era leasehold condominium with the same ground-lease economics
  • 225 Rector Place (Rector Square) — post-war-scale condo on the park side of Rector Place
  • 377 Rector Place (Liberty House) — 1986-vintage Rector Place condominium peer
  • 380 Rector Place (Liberty Terrace) — esplanade-adjacent peer with direct river exposure
  • 350 Albany Street (Hudson Tower) — boutique-scale 1986 leasehold condo two blocks south
  • 21 South End Avenue (Cove Club) — the lower-density neighbor toward the South Cove

The Roebling Team at 300 Rector Place (Battery Pointe)

The Roebling Team at Compass works Battery Park City and the broader downtown waterfront as a core practice area, with particular depth in the ground-lease mechanics that define this corridor. We publish this building profile because Battery Park City buyers and sellers deserve building-specific intelligence — lease documentation, carrying-cost structure, and corridor comparables — not generic neighborhood commentary.

If you're considering a transaction at 300 Rector Place, a 30-minute consultation is the right starting point.

Considering a transaction at 300 Rector Place (Battery Pointe)?

A 30-minute consultation is the right starting point.

Schedule a consultation →
Corey Cohen · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com