Cooperative · 1964
35 Montgomery Street
35 Montgomery Street, New York, NY 10002
Buildings·Cooperative

35 Montgomery Street

35 Montgomery Street, New York, NY 10002

At a glance
Year built
1964
Type
Cooperative
Units
145

35 Montgomery Street is a 21-story cooperative at the East River edge of the Lower East Side, part of the wave of mid-century community housing that transformed this stretch of the waterfront from tenement density into planned, owner-occupied towers. Built in 1964, it sits in the orbit of the Grand Street Cooperative Village — the famous cluster of labor-sponsored co-ops a few blocks west — and shares the same essential appeal: solid post-war construction, genuinely spacious apartments, and a stable, community-minded ownership culture, at price points that remain among the more attainable in lower Manhattan.

The building's value proposition is square footage and setting. Apartments here run larger than their price would imply, with the high ceilings and efficient layouts that mid-century construction tends to deliver, and the East River waterfront — esplanade, parkland, and open sky — is right at the door. For buyers who want real living space and a true neighborhood rather than a trophy address, the Lower East Side waterfront delivers a combination that is increasingly hard to find elsewhere in Manhattan.

As a cooperative, the building is owner-occupied and board-governed, which keeps the community stable and the financial picture conservative. That structure rewards buyers who plan to live in their home, and it is a meaningful part of why the building has held its character over six decades.

Architecture and unit composition

35 Montgomery is the honest product of its era: a clean, brick-clad tower built for livability rather than ornament, with the structural solidity and generous proportions characteristic of mid-century apartment construction. The 21 stories carry 145 apartments, lifting the upper floors to open views east over the river and the waterfront parks.

The apartments are the draw. Layouts run from well-sized one-bedrooms to larger two- and three-bedroom homes, with the room sizes, real foyers, and cross-ventilation that pre-curtain-wall buildings provide and newer construction rarely matches at the same price. Upper-floor homes capture river light and long open exposures — a genuine amenity in a neighborhood where the waterfront is the defining feature.

Building operations

The building runs as a full-service cooperative with an attended lobby and on-site management — the steady, well-run operation typical of an established Lower East Side co-op. Its locational amenities are substantial: the East River esplanade and the waterfront parks are steps away, the F train at East Broadway and the B/D nearby connect to the rest of the city, and the Grand Street corridor's shops and the broader Lower East Side's restaurant and cultural life are within an easy walk.

As a cooperative, the building's purchase mechanics follow the co-op model, and buyers should plan accordingly. A purchase requires board approval — a financial package and an interview — and the board sets the building's policies on financing, subletting, and pets. Financing is permitted with a down payment in the customary co-op range (typically 20% or more), and the underlying cooperative structure makes a meaningful share of monthly maintenance tax-deductible. As with the neighboring Grand Street co-ops, a transfer fee may apply on resale; the board's current policies on subletting and pets are confirmed as part of the purchase process. The owner-occupier orientation of the building is part of what keeps carrying costs reasonable and the community stable.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
Safe
2010–15
Safe
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2027
On record
$13,250 in filing penalties
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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

With 145 apartments, 35 Montgomery turns over at the measured pace of an established co-op — a handful of resales in a typical year rather than a constant flow. Pricing is value-oriented relative to most of Manhattan: Lower East Side waterfront co-ops trade well below the trophy corridors on a per-square-foot basis, which is precisely the appeal for space-focused buyers. Floor and exposure matter — river-facing upper-floor homes command a premium over lower interior units. The /sales record for this address is generated directly from the building's tax lot and reflects recorded transfers as they close; treat the ranges here as orientation, not a current comparable analysis.

What to know if you’re buying

This is a space-and-value buy on the waterfront. You are getting larger-than-market post-war apartments, river light on the upper floors, and a stable owner-occupied community, at a price per square foot that remains among the friendlier in lower Manhattan. The East River esplanade, the parks, and the F train are all part of the daily lifestyle.

Plan for the co-op process: a board package and interview, customary down-payment requirements, and the building's specific policies on subletting and pets, which the board and house rules govern. Underwrite the maintenance and the building's reserve and capital posture — a 1960s tower of this size carries ongoing facade, mechanical, and Local Law compliance obligations, so understanding assessments before you commit matters. We help buyers prepare a board-ready package, read the co-op's financials, and benchmark the price against the rest of the Lower East Side waterfront.

What to know if you’re selling

The selling story is space, light, and value on the river. Buyers come to the Lower East Side waterfront for the room and the setting they can't get for the money elsewhere downtown, and a well-presented apartment — especially a river-facing upper-floor home — sells on that promise. Lead with the square footage, the exposures, and the waterfront lifestyle.

The board process shapes the sale: positioning to qualified, owner-occupier buyers who will clear the board is essential to a clean closing, and any transfer fee should be modeled into your net-proceeds expectations from the outset. We price to the Lower East Side co-op set and manage the sale to a buyer the board will approve, so the deal reaches the closing table.

Comparable buildings

If you're considering 35 Montgomery Street, these nearby Lower East Side cooperatives round out the comparison set:

The Roebling Team at 35 Montgomery Street

The Roebling Team at Compass specializes in the Lower East Side and its distinctive co-op market — the post-war and Cooperative Village towers where space, board mechanics, and community matter more than skyline glamour. We publish this profile because buyers and sellers here deserve building-specific intelligence: the post-war construction, the co-op structure, the waterfront setting, and where the value sits against the rest of the neighborhood.

If you're considering a transaction here, a 30-minute consultation is the right starting point — we'll walk the financials and the comparison set with you.

Considering a move at 35 Montgomery Street?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com