35 Clark Street

The seven-story building holds 32 residential apartments in Pelham's early-1920s planning vocabulary — roughly four to five units per floor across lettered lines, in the studio-to-two-bedroom range typical of the Heights' interwar elevator tier, with the professional office at A-6 on the ground floor. The share schedule from the 1985 plan (5,836 shares across the offered apartments) remains the basis for maintenance allocation; per-share economics are the correct lens for comparing units here, and the building's papers document the share count for each apartment. The building retains its interior courtyard, fire escapes on the secondary elevations, a single passenger elevator with a basement service elevator run, basement laundry, and designated storage for each unit.

35 Clark Apts. Corp. is managed by Advanced Management Services of Brooklyn, with a live-in superintendent on a documented part-time schedule supplemented by the managing agent's service infrastructure. The building's operating documents — house rules revised 2014, sublet policy revised 2019, superintendent responsibilities memo, and alteration agreement — are all current-generation and internally consistent, which is not a given at this scale of co-op. Alterations require board sign-off with a $500 refundable deposit, $1 million contractor insurance naming the co-op and agent, and weekday work hours; construction deliveries route through the basement and the Hicks Street side gate rather than the lobby.

Financing: The board will not approve financing above 80% of the purchase price.

Flip tax: 1% of gross sale price from the buyer and 1% from the seller at closing. Both sides of a transaction should carry this in their net calculations.

Subletting: Board approval required after a full application and interview; one-year approvals renewable once (two-year cap, exceptions case-by-case); escalating fee of 10%/25%/50% of net rent by year (effective June 2019); 25% building-wide cap on sublets plus sponsor-held units, with a waiting list; the board may halt subletting if owner-occupancy drops below 75% of shares.

Pets: By express, revocable board permission only; animals must be carried or leashed in public areas.

House rules: 80% carpet coverage outside kitchens, baths, and closets; window air conditioners require approval; quiet hours 11 p.m.–8 a.m.; $50 late fee on maintenance received after the 15th.

Occupancy: The application's acknowledgment terms require board consent for non-family occupancy beyond one month and for non-residential use. Any occupancy restriction remains subject to applicable statutory roommate and occupancy rights; confirm the proposed arrangement under the current documents and law. Real Property Law §235-f separately protects one additional occupant, and that occupant's dependent children, where the shareholder or spouse lives in the apartment as a primary residence, subject to notice and lawful occupancy limits; confirm with counsel how it applies to a specific household.

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.

Market read. $/sf is measured on the latest sales with reliable square footage (2020): a median $1,223/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 0.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00230-0017). 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.

Budget both flip-tax legs correctly. The buyer pays 1% of the gross price here — a closing cost most Heights co-ops do not impose on purchasers. Run it through your closing-cost model alongside the standard items.

The 80% financing ceiling is documented. 35 Clark's documented 80% ceiling means a 20% minimum down payment; confirm the current terms with the managing agent.

Understand the sublet runway before you buy as a flexible asset. Two years maximum, escalating fees, and a building-wide cap: this is a home-first co-op, and investors should look to the district's condominiums instead.

Check the professional unit's status. Apartment A-6's professional lease carries a documented conversion option; its status affects share count and, marginally, everyone's maintenance allocation.

The station is the amenity. Express 2/3 service at the corner substitutes for much of what an amenity floor provides elsewhere; weigh it accordingly against higher-carrying-cost alternatives.

Disclose the buyer-side flip tax early. Sophisticated purchasers will find it in the application package; surfacing it in the deal sheet avoids renegotiation at contract.

Package the co-op's paperwork as a strength. Current house rules, a written sublet policy, and a documented alteration regime read as good governance to buyers' attorneys and lenders.

Price per room against the Clark–Pineapple–Henry cluster. The right comps are the surrounding interwar elevator co-ops, adjusted for the express-station premium and specific light and renovation level.

Plan for board timing. Application, interview, and approval realistically add several weeks; the building's own documents describe the interview-to-decision cadence, so build it into the contract timeline.

If you're considering 35 Clark Street, also evaluate:

• 70 Clark Street — larger prewar co-op on the same corridor
• 15 Clark Street — boutique prewar co-op closer to the Promenade end of Clark
• 145 Hicks Street — 100-plus-unit prewar co-op one block away
• 130 Hicks Street — mid-size prewar Hicks Street co-op
• 55 Hicks Street — smaller prewar co-op in the north Heights
• 160 Henry Street — 1924 original-ownership cooperative two blocks east
• 129 Columbia Heights — 1907 Beaux-Arts co-op at Clark and Columbia Heights
• 44 Pineapple Street — major prewar Heights co-op alternative
• The Breukelen (57 Montague Street) — grand-scale Montague Street prewar co-op