Cooperative · 1980
Plymouth Tower
340 East 93rd Street, New York, NY 10128

340 East 93rd Street (Plymouth Tower)

340 East 93rd Street, New York, NY 10128

At a glance
Year built
1980
Type
Cooperative
Units
367
Floors
30
Landmark
No
Pets
Permitted, including dogs, per management-sourced records
Financing
80 percent maximum (20 percent minimum down) per brokerage records

Plymouth Tower is one of Yorkville's largest cooperatives — a 367-unit, full-blockfront post-war tower on First Avenue between 92nd and 93rd Streets — and it competes on a simple, durable proposition: full-service scale, a genuine rooftop amenity floor, and one of the more liberal policy frameworks among Upper East Side co-ops, at value-tier pricing. The Second Avenue subway changed this corridor's math: the Q at 96th Street put the building minutes from a one-seat ride down the East Side, and northern Yorkville's pricing has been re-rating ever since.

The building's origin story is a piece of 1970s New York real estate history. The tower was begun by The Investors Funding Corporation, whose bankruptcy was among the era's most prominent real estate failures, and was completed in 1980 by a joint venture of Boston's Bay Colony Properties Company and the builder Morse Diesel, per architectural records. Bay Colony's affiliate, Plymouth Tower Associates, then sponsored the cooperative conversion: the non-eviction offering plan on file in The Roebling Research Library was first offered May 28, 1985, with Douglas Elliman-Gibbons & Ives as selling agent, and the cooperative's first year of operation was 1986.

What distinguishes the building for buyers today is how well documented its operations are. From the audited financial statements on file: the cooperative refinanced its underlying mortgage in September 2020 at 2.90 percent, interest-only for ten years, with a coterminous bank credit line behind it; it runs an on-site co-generation plant whose equipment loan was retired in 2020; it contracted its facade-compliance cycle in 2022 at roughly $1.2 million; and it has used modest operating assessments rather than outsized maintenance increases to absorb cost inflation. Commercial income — the First Avenue stores, the garage, and laundry — contributed roughly $1 million in 2022, a real offset to shareholder maintenance.

Architecture and unit composition

The tower rises 30 stories in brick from a granite-and-cobblestone plaza, with the kind of lush sidewalk landscaping — gazebo, lattice fencing, planters — that architectural records have singled out as unusual for the corridor. The footprint runs the entire 92nd-to-93rd Street blockfront, so upper-floor apartments carry open exposures in multiple directions: east toward the East River, south down the avenue, and west across Yorkville toward the Central Park skyline. The mix is dominated by studios, one-bedrooms, and two-bedrooms, with combination units (the L/M lines among them, per the offering plan amendments on file) creating larger homes; post-war layouts here are efficient and renovate predictably.

Building operations

Full-service: 24-hour doorman and concierge, on-site resident manager, and a large building staff — the conversion-era budget on file counted more than 18 employees including the superintendent. Three passenger elevators and a dedicated service elevator carry the building's scale. The rooftop health club — 50-foot indoor pool with lifeguard, hot tub, sauna, fitness room, lounge, and sun deck — is the signature amenity and operates on a fee basis, which keeps base maintenance lower for shareholders who opt out. The valet garage is accessed from the lobby, and the mezzanine laundry supplements in-building convenience. The offering plan, amendments, by-laws, and recent audited financial statements are on file in The Roebling Research Library.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$116,935/yr
Per unit / month range
$0 – $27
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Recent sales

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

27B+27%
$580,000 2019$735,000 2022
22C+22%
$590,000 2019$722,500 2022
7G+18%
$570,000 2019$670,000 2023
24H+11%
$565,000 2016$625,000 2022
9M+10%
$1,050,000 2015$1,150,000 2024

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

DateUnitPrice
Feb 9, 202626I$585,000
Feb 5, 202616M$1,055,000
Jan 26, 202610JK$1,300,000
Dec 17, 202527K$629,000
Sep 10, 20252A$700,000
Aug 7, 202517HI$1,325,000
View all 134 recorded transfers, 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 1-01555-0023) 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

The policy stack is unusually buyer-friendly for a co-op. 80 percent financing, no flip tax per brokerage records, permitted pieds-à-terre, co-purchasing, gifting, and guarantors — this framework reads closer to a condop than to a classic Upper East Side cooperative. Confirm each element with the managing agent at offer stage, and run the Co-op Board Qualification Calculator before offering.

Underwrite the financials — they are on file and they are legible. The 2.90 percent interest-only mortgage runs on a ten-year term from September 2020; your attorney should price the 2030 refinancing environment into the long-term carry. The offsets are real: roughly $1 million in 2022 commercial income and a co-generation plant the building owns outright.

Ask about assessments. The board levied operating assessments of roughly $650,000–$670,000 building-wide in 2021 and 2022 rather than raising maintenance sharply, and the 2022 facade contract was funded during the same period. Confirm the current assessment posture before contract.

The health club is fee-based. Budget the membership separately if the pool is part of your purchase thesis — and view it before offering; a 50-foot lifeguarded indoor pool is genuinely rare in Yorkville co-op stock.

Price the corridor honestly. The Q at 96th and Second is the building's transit anchor; the 4/5/6 at 96th and Lexington is a longer walk. East River esplanade access and the 92nd Street retail corridor are at the door. Spend time on the block at commute hour before deciding.

What to know if you’re selling

Sell the framework, not just the apartment. No flip tax, 80 percent financing, and flexible purchase structures widen your buyer pool well beyond the typical co-op audience — first-time buyers, parents buying for children, and pied-à-terre purchasers are all addressable here. The marketing should say so explicitly.

Document the building's operational record. The 2020 refinancing, the co-generation plant, the funded facade cycle, and the commercial income stream survive attorney diligence. We provide the underlying documents from the Research Library to serious buyers' counsel.

Position against the neighborhood's condo towers. Buyers cross-shop the 1980s condops and condos of northern Yorkville. The pitch is carry: comparable services and a stronger amenity floor at a materially lower entry price, with the trade-offs of co-op mechanics softened by this building's liberal policies.

Comparable buildings

If you're considering 340 East 93rd Street, also evaluate:

  • The Waterford (300 East 93rd Street) — the 1987 tower across the street; the condop alternative with similar scale
  • Astor Terrace (245 East 93rd Street) — 1980s condominium a block west; the condo cross-shop
  • Carnegie Park (200 East 94th Street) — post-war tower re-developed as a condominium; the renovated alternative
  • 1601 Third Avenue (Ruppert Yorkville Towers) — the mega-scale condop complex at 90th–92nd Streets
  • 200 East End Avenue — post-war full-service co-op peer by the river; the quieter-corridor alternative
  • 45 East 89th Street — 1969 post-war condominium at Madison; the Carnegie Hill step-up
  • 131 East 93rd Street — 1923 boutique pre-war co-op; the small-building alternative at the Park-Lexington seam
  • 180 East 88th Street — DDG's 2019 condominium tower; the new-development price ceiling for the area

The Roebling Team at Plymouth Tower

The Roebling Team at Compass works Yorkville and the broader Upper East Side as a core practice area. We publish this building profile because Plymouth Tower buyers and sellers deserve building-specific intelligence — conversion documentation, audited financial posture, and policy framework — not generic neighborhood commentary.

If you're considering a transaction at 340 East 93rd Street, a 30-minute consultation is the right starting point.

Considering a transaction at Plymouth Tower?

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