380 Rector Place (Liberty Terrace)
380 Rector Place, New York, NY 10280
Battery Park City
BBL 1000167505 · BIN 1000544
- Year built
- 1986
- Type
- Condominium
- Units
- 244
- Floors
- 26
- Landmark
- No
- Pets
- Permitted with management approval; size/weight limits may apply — confirm at offer stage
- Subletting
- Permitted under condominium rules — confirm current policy at offer stage
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,319
- Listing discount
- 2.9%
- Recorded sales
- 160
- On record
- 2003–2026
380 Rector Place — marketed as Liberty Terrace — is one of the three "Liberty" residential towers that define the Rector Place quadrant at the southern end of Battery Park City. Completed in 1986 to a design by Ulrich Franzen & Associates with The Vilkas Group, the 26-story red-brick building sits directly on the Hudson River Esplanade, with south- and west-facing apartments looking across the harbor toward the Statue of Liberty and Ellis Island. The building's hexagonal massing and recessed balconies were designed to relate to the adjacent Rector Park, and the tower remains one of the most view-oriented buildings in a neighborhood built almost entirely for its water frontage.
Battery Park City is a planned residential district built on landfill at the southwestern tip of Manhattan, developed under the Battery Park City Authority (BPCA), a New York State public-benefit corporation. The neighborhood's defining characteristic — for buyers and sellers alike — is that the land underneath every building is owned by the BPCA and leased, not sold. That structure produces a specific carrying-cost profile and a specific due-diligence checklist that distinguishes Battery Park City condominiums from fee-simple buildings elsewhere in Lower Manhattan.
Architecture and unit composition
The 244 residences range from studios and one-bedrooms to larger family layouts, with the building's angled geometry producing a high proportion of units with river or park exposures and private or recessed balconies. Higher floors on the south and west faces carry direct harbor and Statue of Liberty views; park-facing units look onto the landscaped Rector Park. The Esplanade — the continuous Hudson River waterfront promenade that runs the length of Battery Park City — is at the building's doorstep.
Building operations
380 Rector Place operates as a full-service condominium with a full-time doorman, concierge, and live-in resident manager. Residents have shared access to the riverfront Terrace Club amenity — a fitness center and swimming pool (indoor pool with a retractable sunroof and an outdoor deck) shared across the Liberty buildings, typically for an additional fee. On-floor laundry and a bike room round out the building's service package.
Carrying costs reflect the Battery Park City structure: common charges plus PILOT and ground-rent pass-throughs. Buyers should obtain current figures and review the building's financials and reserve position during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $108,767/yr
- Per unit / month range
- $0 – $37
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 →Management & transfer contacts
- Sublet policy
- Lease renewals handled off-platform via
- Notable fees
- Pets under 25 lbs; no smoking; no AirBnB; corporate purchase/lease allowed
Recent sales
380 Rector Place trades as a mid-market Battery Park City condominium, with pricing that reflects both the building's waterfront position and the carrying-cost structure of the ground-lease district. Recent closings have generally run in the low-$1,000s per square foot, with view-carrying upper-floor units at the top of the building's range and interior or lower-floor units below it. Pricing at any Battery Park City building is sensitive to the ground-lease runway and to prevailing common-charge and PILOT levels, both of which move over time; current comparable analysis at the apartment level is the right basis for any pricing decision.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 9, 2026 | 20G | 1,075 sf | $1,400,000 | $1,302/sf | off-mkt |
| Mar 25, 2026 | 22E | 735 sf | $945,000 | $1,286/sf | off-mkt |
| Mar 4, 2026 | 23DE | 2 BR · 2 BA · 1,408 sf | $1,995,000 | $1,417/sf | off-mkt |
| Feb 25, 2026 | 14G | 2 BR · 2 BA · 1,075 sf | $1,450,000 | $1,349/sf | -7.6% |
| Jun 11, 2025 | 15E | 1 BR · 1 BA · 735 sf | $784,052 | $1,067/sf | -1.0% |
| Jun 11, 2025 | 15E | 1 BR · 1 BA · 735 sf | $784,053 | $1,067/sf | -1.0% |
| Sep 27, 2024 | 3B | 2 BR · 2 BA · 1,009 sf | $1,399,000 | $1,387/sf | -3.5% |
| Jun 6, 2024 | 5B | 2 BR · 2 BA · 968 sf | $1,220,000 | $1,260/sf | -5.8% |
Market read. Most recent trades (2026) cleared a median $1,319/sf across 4 sales. Median listing discount 2.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-00016-7505) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Underwrite the ground lease. This is the defining diligence item. Confirm the current ground-lease terms, the 2119 runway, any scheduled ground-rent resets, and the current PILOT structure. Model the full monthly carry, not just common charges.
Views and exposure drive value. South- and west-facing upper-floor units with harbor and Statue of Liberty views command the building's premium; confirm exposure and view permanence for any specific apartment.
Condo flexibility applies. 30–45 day closings are typical; pied-à-terre and investor use are generally permitted under the declaration — confirm current policy at offer stage.
Carrying cost is the whole analysis. In Battery Park City, the monthly number is the deal. Run common charges + PILOT + ground rent + utilities together.
What to know if you’re selling
Lead with the waterfront and the 2119 runway. The lease extension removed a material overhang that dampened Battery Park City pricing for years; sophisticated buyers know it, and the story should be told clearly.
Price at the apartment level. Exposure, floor, view, and balcony configuration drive substantial variation across the building's 244 units.
Be ready for carrying-cost questions. Buyers and their attorneys will focus on PILOT and ground rent. Have current figures and the building's financials ready.
Comparable buildings
If you're considering 380 Rector Place, also evaluate:
- 377 Rector Place (Liberty House) — sister Battery Park City condominium on the same street; Milstein/Polshek pedigree, on-site garage
- 20 West Street (The Downtown Club) — landmark Art Deco Financial District condominium on fee-simple land; no ground lease
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
Considering a move at Liberty Terrace?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Liberty Terrace 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.