- Year built
- 1929
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Not permitted
- Maximum financing
- 75% of the purchase price
- Flip tax
- 1.5% of the purchase price, paid by the seller
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2025
- $1M
- 7 qualifying sales
- Recent range
- $905K – $4.6M
- Listing discount
- 3.7%
- Recorded transfers
- 111
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 323 Second Avenue 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.
323 Second Avenue is a 1929 pre-war cooperative on a stretch of Second Avenue that sits at the meeting point of Gramercy and Stuyvesant Square — one of the quieter, more residential pockets of the East Side's lower tier. Built at the tail end of the great pre-war apartment boom, it carries the solid masonry construction, generous proportions, and full-service operation that define the era's cooperatives, in a neighborhood that has long traded on its low-key, tree-lined, park-anchored character rather than on flash.
The building's case is steady, livable value: a sixteen-story full-service co-op with classic pre-war layouts, in a corridor with strong transit, established dining, and two of downtown Manhattan's loveliest green spaces — Stuyvesant Square and Gramercy Park's surrounding blocks — within easy reach. For a buyer who wants pre-war bones and cooperative stability without Gramercy Park's premium pricing, 323 Second Avenue is squarely positioned.
Architecture and unit composition
The building is a characteristic late-1920s Manhattan apartment house: a substantial masonry structure, with the deep walls, high ceilings, and well-proportioned rooms that pre-war construction is prized for. Sixteen stories give upper-floor apartments real light and open outlook over the lower-rise blocks around Stuyvesant Square, while the masonry envelope is original construction whose current condition should be confirmed in recent engineering reports and board materials.
With roughly 105 apartments, the residence mix runs across the typical pre-war range — from efficient one-bedroom layouts to larger family-sized homes, many retaining hallmark details such as entry foyers, separated living and sleeping zones, and hardwood floors. Renovation levels vary apartment to apartment, as they do across pre-war co-ops, which means value is driven heavily by the specific home's condition, layout efficiency, floor, and exposure.
Building operations
323 Second Avenue operates as a full-service cooperative, with an attended lobby, elevator service, central laundry, and a resident superintendent. As a co-op, the board oversees admissions and house rules; review the current budget, audited statements, debt and any assessments.
As with cooperatives generally, purchases require board approval and a financial package, and the building's specific policies — on financing percentage, subletting, pets, and pied-à-terre ownership — are governed by its proprietary lease and house rules. We review the current rules and the building's financials with buyers as part of any transaction, so the board's posture is understood before an offer goes in rather than discovered after.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- 1.5% of sales price
- Rate
- 1.5% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of August 2026
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Consumer ReportPer applicant | Paid by Buyer | When With the application | Amount $75 per applicant | Refundable Non-refundable |
| Move-In Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Recognition Agreements | Paid by Buyer | When At closing | Amount $250 | Refundable Non-refundable |
| Closing Fee | Paid by Seller | When At closing | Amount $1,000 | Refundable Non-refundable |
| Sponsor Sale | Paid by Seller | When At closing | Amount $500 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-in DepositConditionalConditions: If there is no damage | Paid by Buyer | When With the application | Amount $500 | Refundable Conditional; see terms |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 75% of the purchase priceSource: building management's published schedule, as of August 2026
- Guarantors
- Permitted with conditionsPer board approvalSource: building management's published schedule, as of August 2026
- Co-purchasing
- Permitted with conditionsPer board approvalSource: building management's published schedule, as of August 2026
- Parent buying for an employed child
- Permitted with conditionsPer board approvalSource: building management's published schedule, as of August 2026
- Parent buying for a student child
- Permitted with conditionsPer board approvalSource: building management's published schedule, as of August 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of August 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsMust reside in building for at least 2 years, subject to board approval and feesSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Permitted with conditionsPer board approvalSource: building management's published schedule, as of August 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedPer board approvalSource: building management's published schedule, as of August 2026
- In-unit washer/dryer
- Not permittedSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $651 per room a monthMedian of 11 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.20 per square foot a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Attended lobby
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- 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
- $2,897/yr
- 2030–2034 annual penalty
- $141,826/yr
- Per unit / month range
- $2 – $113
- Modeled exposure split equally across 105 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
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 FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
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 2005–10 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.
Recent sales
Recent transfers 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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4B | 2 BR · 1 BA · 1,250 sf | $1,665,000 | $1,332/sf | -0.6% |
| May 12, 2026 | 4A | 2 BR · 2 BA · 1,250 sf | $1,700,000 | $1,360/sf | +0.3% |
| Apr 17, 2026 | 7B | 2 BR · 1 BA · 1,250 sf | $1,675,000 | $1,340/sf | -4.3% |
| Dec 22, 2025 | 3F | 3 BR · 2 BA | $1,994,999 | -0.3% | |
| Sep 30, 2025 | 13E | 1 BR · 1 BA | $955,000 | -2.5% | |
| Jun 16, 2025 | 15C | 1 BR · 1 BA | $1,030,000 | -10.4% | |
| Jun 9, 2025 | 15H | 1 BR · 1 BA | $940,000 | -5.9% | |
| Apr 30, 2025 | 10C | 1 BR · 1 BA | $1,186,261 | -5.1% |
Market read. Most recent trades (2026 to date) cleared a median $1,306/sf (floor-adjusted) across 3 sales. 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. Median listing discount 1.8% 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 |
|---|---|---|
| Dec 10, 2009 | 4F | $795,000 |
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 1-00899-0032). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at 323 Second Avenue, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 2 | $6,500 |
Also $65 per sq ft per year (3 leases that report square footage). 3 closed sublet leases, October 2023 to September 2026. Most recent lease January 2024. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 323 Second Avenue and nearby.
At the recent median sale of $1.19M (9 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $24,861 to close, or 2.1% of the price.
- Mansion tax: $11,863
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,998
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 323 Second Avenue and its market
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What to know if you’re buying
This is a classic pre-war co-op purchase, so two things matter most: the specific apartment and the board. On the apartment, weigh floor, exposure, layout efficiency, and renovation level — a well-renovated, well-laid-out home commands a real premium over a dated one of the same size. On the building, plan for a co-op purchase path: a board package, financials, and an interview, with financing and sublet policies set by the building's governing documents. We help buyers assess the home, read the co-op's financials and rules, and prepare the board package.
What to know if you’re selling
Sell the pre-war bones and the location. Buyers in this corridor want what the building offers — solid 1929 construction, full-service operation, classic layouts, and proximity to Stuyvesant Square, Gramercy, and strong East Side transit — at a price below the Gramercy Park trophy tier. Sellers do best by presenting the apartment in its best light (renovation and staging move the needle here), pricing against recent in-building and comparable pre-war co-op sales, and preparing buyers for the board process early so an accepted offer proceeds to a clean approval. A well-prepared package and a board-ready buyer are the keys to a smooth close in a cooperative.
Comparable buildings
If you're considering 323 Second Avenue, also look at these Gramercy and Stuyvesant Square buildings:
- 32 Gramercy Park South — postwar (1956) Gramercy Park cooperative
- 50 Gramercy Park North — full-service building on the park
- 60 Gramercy Park North — pre-war Gramercy cooperative
- 34 Gramercy Park East — historic Gramercy cooperative
- 117 East 18th Street — Gramercy-area building
- 305 Second Avenue — Stuyvesant Square condominium nearby
More Gramercy buildings
- 305 Second Avenue — 1902 condominium
- 310 East 23rd Street — condop
- 312 East 22nd Street (Gramercy East) — 1910 condominium
- 327 East 22nd Street (Gramercy 1860) — new-construction condominium
- 333 East 14th Street — 1965 co-op
- 340 East 23rd Street (Gramercy Starck) — 2007 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 323 Second Avenue?
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