31 Monroe Street
31 Monroe Street, New York, NY 10002
Two Bridges
BBL 1002767503 · BIN 1088682
- Year built
- 2010
- Type
- Condominium
- Units
- 28
- Floors
- 13
- Landmark
- No
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
Every recorded sale at this building, 2012–2023
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $927
- Recorded sales
- 15
- On record
- 2012–2023
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, light-filled 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 upper-floor units open exposures and, on the higher floors, bridge and river sightlines that a low-rise neighborhood preserves.
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 — appropriate to a 28-unit building — and runs on a lean operating model that keeps common charges modest. That lean structure is part of the value proposition: carrying costs here are well below the amenity-heavy LES new developments.
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 pure condominium, the purchase mechanics are fast and flexible — no board approval, financing and use flexibility, and standard condo closing timelines.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
31 Monroe Street prices on a $/sf basis, the correct metric for condominiums (best read on a price-per-square-foot basis given limited published square footage). Recorded deeds show a value-tier trajectory: one- and two-bedroom homes trading in the $600K–$1M band over the past decade, with appreciation from roughly $600K-area closings in 2017–2018 toward the $1M mark by 2023. A representative recent transaction is a 707-square-foot two-bedroom that traded around $980K, which pencils to roughly $1,380 per square foot — a Lower East Side figure that sits well below trophy LES new-development pricing and reflects the building's 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.
Recent closings 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 |
|---|---|---|---|---|---|
| Aug 15, 2022 | 11D | 2 BR · 2 BA · 750 sf | $820,000 | $1,093/sf | -3.5% |
| Jul 22, 2022 | CF6 | 1,734 sf | $650,000 | $375/sf | off-mkt |
| Oct 30, 2019 | 11A | 700 sf | $650,000 | $929/sf | off-mkt |
| Aug 22, 2018 | 10D | 707 sf | $630,000 | $891/sf | off-mkt |
| Jan 13, 2017 | 7C | 700 sf | $600,000 | $857/sf | off-mkt |
| Jan 9, 2017 | 7D | 2 BR · 707 sf | $600,000 | $849/sf | off-mkt |
| Oct 27, 2016 | 10C | 700 sf | $600,000 | $857/sf | off-mkt |
| May 4, 2016 | 8B | 707 sf | $600,000 | $849/sf | off-mkt |
Market read. $/sf is measured on the latest sales with reliable square footage (2022): a median $927/sf across 1 sale. The building has traded as recently as 2023.
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) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
Condo flexibility is the headline. No board approval, financing and pied-à-terre use permitted, subletting allowed under the declaration, and standard condo closing timelines.
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
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.
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.