333 East 79th Street
333 East 79th Street, New York, NY 10075
- Year built
- 1961
- Type
- Cooperative — a single apartment corporation owning a two-building complex
- Units
- 439
- Floors
- 21
- Landmark
- No
- Amenities
- 24-hour doorman, live-in resident manager, fitness center (fee-based per the audited financial statements), central laundry, private storage, bike room, playroom, conference/party room, landscaped courtyard and playground
- Pets
- Permitted up to approximately 50 pounds with board approval, per brokerage records
- Financing
- 80 percent maximum per brokerage records
- Flip tax
- None reflected in recent transaction records on file (modest move-out and managing-agent closing fees apply) — verify current terms with the managing agent
333 East 79th Street is not a single building — it is half of a two-building cooperative campus, and that structure is the most important thing to understand about it. First Avenue Owners, Inc. owns both this tower and its sister at 340 East 80th Street, 439 apartments in all per the audited financial statements on file, wrapped around a private landscaped courtyard with planted areas, seating, and a playground in the middle of the block. Each building keeps its own entrance and door staff, but shareholders share one balance sheet, one underlying mortgage, one staff, and one amenity set. In Yorkville, where most post-war co-ops are single mid-block towers, an interior-garden campus at this scale is structurally rare.
Scale is the second argument. With 439 units and roughly 246,000 shares, the cooperative spreads its costs across a base large enough to support what smaller buildings cannot: an 88-space underground garage (a documented income line, leased to a national operator), a fitness center, a playroom, a conference room, central laundry, storage, and a full union staff. The audited financial statements on file show roughly $9.8 million in annual revenue, with the garage, storage, laundry, sublet fees, and health club all contributing income that offsets maintenance — the classic large-co-op economics that keep per-unit carrying costs in the value tier.
The operational record is documented rather than assumed. The cooperative refinanced its underlying mortgage in February 2017 — $10 million with a major bank at a fixed 3.185 percent, maturing February 1, 2027 with a balloon of approximately $7.7 million — and held roughly $3.9 million in cash and Treasury investments at year-end 2022, per the audited financial statements on file. The board runs a recurring spring assessment that approximates the tax abatements credited back to shareholders (a common large-co-op mechanic worth understanding before you compare maintenance figures), and in 2023 it levied a defined 15-month, $3.00-per-share assessment to fund the Local Law 11 Cycle 9 facade program, per the board communication on file. This is a co-op whose numbers a buyer's attorney can actually read.
Architecture and unit composition
The complex is a product of Yorkville's 1961 building boom: brick post-war massing, a two-step-up 79th Street entrance under a stainless-steel marquee, a dry moat that brings light to the lower floors, a long planted strip along First Avenue, and balconies scattered across many lines. Apartments run from studios through four-bedroom combinations and a penthouse level, with the deep floor plates producing the foyers, dining alcoves, and closet counts typical of the vintage. The lot wraps the small three-story building at 1513 First Avenue, so the complex controls nearly the entire First Avenue blockfront between 79th and 80th. Twelve doctor's offices at the 333 East 79th Street base, documented in the offering plan on file, carry the street-level medical presence common to First Avenue.
Lines facing the interior courtyard trade the avenue's energy for planted quiet — the same two-exposure logic as the city's better-known garden co-ops, at Yorkville pricing. Upper floors on the First Avenue side pick up open east light and river glimpses over the lower stock toward the East River, three blocks away.
Building operations
Full-service at scale: 24-hour door coverage, live-in resident manager, and a large 32BJ union staff whose payroll the financial statements on file document in detail. The fitness center operates on a fee basis; storage, bike room, playroom, and the conference/party room round out the amenity set, and the central laundry serves both buildings. The garage lease, the doctor's-office income, and the ancillary fee lines give the cooperative a diversified revenue base. Institutional management runs the building, and the offering plan, recent audited financial statements, and board communications are on file in The Roebling Research Library.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $180,082/yr
- Per unit / month range
- $0 – $34
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Mar 24, 2026 | 6R | $585,000 |
| Feb 5, 2026 | 7P | $575,000 |
| Jan 30, 2026 | 9A | $565,000 |
| Jan 22, 2026 | 16T | $510,000 |
| Jan 8, 2026 | 17O | $1,350,000 |
| Dec 15, 2025 | 21J | $818,000 |
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 1-01542-0019) 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
Understand the two-building structure before you compare. Your shares sit in First Avenue Owners, Inc., which owns both 333 East 79th and 340 East 80th. Financial diligence covers the whole campus — both buildings' staff, the garage, the courtyard, and one mortgage — regardless of which entrance you use.
The policy stack is genuinely flexible for the corridor. 80 percent financing, co-purchasers and guarantors permitted, pied-à-terre case-by-case, and pets to roughly 50 pounds with approval — a materially wider gate than the 50–65 percent financing co-ops west of Third Avenue. Run the Co-op Board Qualification Calculator before offering.
Read the assessment mechanics, not just the maintenance line. The recurring spring assessment offsets tax abatements credited back to shareholders, and the 2023–24 facade assessment was a defined per-share program. Your attorney should confirm what is currently running; we provide the underlying board communications from the Research Library.
The 2027 mortgage maturity is the underwriting question. The fixed 3.185 percent mortgage matures February 1, 2027 with an approximately $7.7 million balloon, per the financial statements on file. A refinancing in a higher-rate environment would flow through to maintenance — model that scenario rather than assuming current carrying costs are permanent.
Transit is a strength, not a compromise. The Q at Second Avenue and 83rd–86th transformed this corridor's connectivity; the M79 crosstown runs the block, and the East River esplanade and Carl Schurz Park are a short walk east.
Verify the fee stack at offer stage. Recent transaction records on file reflect no building flip tax — unusual and worth confirming — along with standard move-out and closing fees and current sublet terms.
What to know if you’re selling
Sell the campus, not just the apartment. The courtyard, playground, garage, gym, and playroom are the differentiators against single-tower Yorkville co-ops — and the 80 percent financing allowance materially widens your buyer pool. State all of it plainly in the marketing.
Anchor to exposure and condition. The spread between renovated avenue-facing balcony lines and estate-condition courtyard units is the building's real pricing axis. Same-line history matters more than complex-wide averages; run the Renovation Cost Calculator against your asking strategy if the unit needs work.
Disclose assessments proactively. Buyers' attorneys will find the assessment history in the financials regardless; framing the spring abatement-offset mechanic and the completed facade program accurately at listing avoids renegotiation at contract.
Comparable buildings
If you're considering 333 East 79th Street, also evaluate:
- 301 East 79th Street (Continental Towers) — post-war co-op tower one avenue west at Second Avenue; the closest single-tower alternative
- 180 East 79th Street — Schwartz & Gross pre-war co-op between Lexington and Third; the pre-war step-up
- 200 East End Avenue — full-blockfront post-war co-op opposite Carl Schurz Park; the park-facing alternative in the same value tier
- 305 East 72nd Street — large post-war full-service co-op with similar scale economics
- 360 East 72nd Street — post-war co-op with garage and garden; the Lenox Hill equivalent
- 401 East 86th Street — Yorkville post-war co-op closer to the 86th Street Q entrance
- 340 East 74th Street — boutique post-war condop nearby; the smaller-building alternative with flexible policies
The Roebling Team at 333 East 79th Street
The Roebling Team at Compass works Yorkville and the broader Upper East Side as a core practice area, and our document file on this cooperative — offering plan, audited financials, and board communications — reflects direct transaction work in the building. We publish this building profile because First Avenue Owners buyers and sellers deserve building-specific intelligence — two-building co-op mechanics, assessment history, and policy framework — not generic neighborhood commentary.
If you're considering a transaction at 333 East 79th Street, a 30-minute consultation is the right starting point.