31 Monroe Street
31 Monroe Street, New York, NY 10002
BBL 1002767503 · BIN 1088682
- Year built
- 2010
- Type
- Condominium
- Units
- 28
- Floors
- 13
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- No full-time doorman; part-time attendance or none
Every recorded sale at this building, 2012–2022
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2022
- $927
- floor-adjusted, 1 sale
- Recorded sales
- 13
- On record
- 2012–2022
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 31 Monroe Street 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.
31 Monroe Street is a 2010 condominium tucked into the low-rise grid of Two Bridges, the pocket of the Lower East Side where Catherine and Market Streets run down toward the East River bridges. It is a 13-story, 28-unit building — a genuinely scarce thing in this micro-neighborhood, where the housing stock skews heavily toward older tenements, public and Mitchell-Lama housing, and a small number of new towers. For buyers who want straightforward condominium ownership in this corner of downtown — with the flexibility a condo provides and a price point well below the trophy LES new-development product — 31 Monroe is one of the few options.
The building's appeal is practical rather than architectural. It delivers efficient apartments in a modern elevator building at a Lower East Side address that puts the F train at East Broadway, the foot of the Manhattan and Brooklyn Bridges, and the full Two Bridges and Chinatown food landscape within easy reach. The mid-block 13-story height gives some upper-floor units open exposures and, depending on floor and position, bridge and river sightlines, though no view here is protected.
What 31 Monroe represents in the database is the entry-to-mid tier of for-sale condo ownership downtown: a building that trades on location, flexibility, and value rather than on amenity arms races.
Architecture and unit composition
The 28 residences are arranged across 13 floors above a ground-floor commercial base. Layouts run primarily to one- and two-bedroom apartments — efficient floor plans typical of 2010-era infill construction, with open kitchens, in-unit comfort, and the light advantage of a mid-rise above a low neighborhood. Recorded sales show two-bedroom homes in the roughly 700-square-foot range, consistent with the building's efficient, value-oriented program.
Upper floors are the premium tier: above the surrounding rooflines, apartments gain southern and eastern light and, on the highest floors, views toward the East River bridges. The contemporary masonry-and-glass envelope is unremarkable architecturally but well-suited to its purpose — a clean, modern building in a neighborhood of much older stock.
Building operations
31 Monroe operates as a self-contained condominium with an elevator, video intercom security, common laundry, and bike storage, over ground-floor retail. It does not carry a full-time doorman and has a limited service program for its 28 units. Compare actual common charges, taxes and assessments with similarly sized LES apartments before judging relative carrying costs.
As with any small condominium, the building's financial health rides on its reserves and the condition of its building-wide systems. Buyers should review the most recent financial statements, the reserve fund, any history of or plans for assessments, and the commercial-unit arrangement, which affects the residential common-charge base. Because the building is a condominium, there is no co-op board admission; purchases run through the condominium's application and right-of-first-refusal process. Confirm financing, leasing and use rules in the current declaration, bylaws and house rules.
Building staffing and amenities
- Doorman
- No full-time doorman; part-time attendance or noneSource: The Roebling Team's building profile
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Bike storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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 inspector (QEWI) 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 — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 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 data last refreshed October 2026.
421-a Tax Abatement
- Last year of benefit
- FY2021
- Fully taxed from
- FY2022 (2021–22)
- Program
- 421-a (10-year)
The 421-a benefit has run its term, so taxes on these units have stepped up toward the full assessed amount. Get the current tax bill for the specific apartment and compare its tax component with any older listing: an earlier carrying-cost figure may reflect the benefit, or different common charges and assessments. Treat a comparable sale made while the abatement was still running as priced under different taxes.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2022 runs July 1, 2021 to June 30, 2022. The benefit last appears on the 2021 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
As a condominium, 31 Monroe Street is read on a price-per-square-foot basis. The building sits in the value tier of Lower East Side condominium pricing, well below trophy LES new-development product, which reflects its lean amenity profile and Two Bridges location.
The takeaway for pricing: 31 Monroe is an efficiency-and-value play. Apartments price on square footage, floor, and light, and the building's comparable record is consistent rather than speculative. Higher floors with bridge and river exposure carry the premium.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 15, 2022 | 11D | 2 BR · 2 BA · 750 sf | $820,000 | $1,093/sf | -3.5% |
| Oct 30, 2019 | 11A | 700 sf | $650,000 | $929/sf | — |
| Aug 22, 2018 | 10D | 707 sf | $630,000 | $891/sf | — |
| Jan 13, 2017 | 7C | 700 sf | $600,000 | $857/sf | — |
| Jan 9, 2017 | 7D | 2 BR · 707 sf | $600,000 | $849/sf | — |
| Oct 27, 2016 | 10C | 700 sf | $600,000 | $857/sf | — |
| May 4, 2016 | 8B | 707 sf | $600,000 | $849/sf | — |
| Apr 1, 2016 | 12C | 700 sf | $810,000 | $1,157/sf | — |
Market read. Most recent trades (2022) cleared a median $927/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above.
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 1-00276-7503; 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 31 Monroe Street and nearby.
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.
Keep up with 31 Monroe Street and its market
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What to know if you’re buying
The condominium structure is the headline. There is no co-op board admission; purchases run through the condominium's application and right-of-first-refusal process. Confirm financing, pied-à-terre use, subletting and closing timing in the current declaration, bylaws and house rules.
Diligence the small-building financials. With 28 units plus commercial, review reserves, the commercial-unit arrangement, and any assessment history. Capital costs spread across a small owner base.
Buy for floor and light. The premium here is altitude — upper floors with open southern/eastern exposure and bridge views. Confirm exposures in person.
Know the location. Two Bridges is quiet, residential, and bridge-adjacent, with the F at East Broadway nearby. It trades convenience to one subway line for a calmer downtown setting.
What to know if you’re selling
Sell the value-and-location story. The pitch is straightforward condo ownership, efficient layouts, and a downtown address at a price the trophy LES product cannot match.
Lead with floor and view on the upper units. Bridge and river exposure is the differentiator; stage and market it.
Set realistic comps. The building's record is a consistent $/sf band — price to recent in-building and neighborhood condo closings, condition-adjusted.
Comparable buildings
If you're considering 31 Monroe Street, also evaluate:
- 173 East Broadway — nearby Lower East Side ownership building
- 222 East Broadway — Two Bridges / LES peer
- 48 Orchard Street — a boutique 26-unit 2003 Lower East Side condominium
- 196 Orchard — full-service LES condominium with Equinox
- 357 Grand Street — Lower East Side ownership peer
- 500 Grand Street — LES co-op community nearby
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 31 Monroe Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com