- Type
- Cooperative
- Units
- 260
- Landmark
- No
- Pets
- Set by the cooperative's house rules
- Subletting
- Cooperative subletting is generally limited and board-governed; confirm current rules
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $575K
- Recent range
- $513K – $1.3M
- Listing discount
- 3.3%
- Recorded transfers
- 126
382 Second Avenue is a large postwar cooperative anchoring the southern edge of Gramercy, where the neighborhood meets the East 20s and the corridor begins its transition toward the East Village and Stuyvesant Square. Buildings of this size and era — full-block-adjacent postwar co-ops with several hundred apartments — are the backbone of middle-market Manhattan ownership. They offer something the new-development condominiums cannot: established carrying-cost economics, a deep co-op governance culture, and price points that, on a per-room basis, sit well below both the prewar trophy stock and the corridor's newer condominium product.
For buyers, the building represents the classic Gramercy-fringe value trade: proximity to Gramercy Park, the East 20s, and the quiet residential blocks of Stuyvesant Square, at cooperative pricing that rewards owner-occupiers willing to work within board structure. The size of the building also matters — a large share-count cooperative generally spreads operating costs across many units, which can support comparatively stable maintenance.
Architecture and unit composition
382 Second Avenue is a mid-century postwar cooperative — a masonry residential building of the type that defined apartment construction in the 1960s, with practical, well-proportioned layouts and the solid bones characteristic of the era. The apartment mix runs to studios, one-bedrooms, and two-bedrooms sized for owner-occupancy rather than trophy entertaining. Postwar co-ops of this vintage typically offer good light and sensible room counts; ceiling heights and window proportions are mid-century rather than prewar, and finish condition varies apartment by apartment depending on when each unit was last renovated.
Building operations
382 Second Avenue operates as a cooperative, with a single monthly maintenance charge per apartment that bundles the building's operating costs and the unit's share of the underlying mortgage and real estate taxes. As a large postwar co-op, the building is governed by a board that reviews purchases and sets house rules; buyers should expect a board-approval process and should review the building's financial statements, maintenance history, any assessments, and the underlying mortgage as part of diligence.
Recent sales
382 Second Avenue is a cooperative, so the right way to read its market is on a price-per-room basis rather than price per square foot — co-op apartments are typically measured and marketed by room count, and recorded transfers register through the co-op share structure rather than as individual deeds. As a corridor matter, large postwar Gramercy-fringe co-ops have generally traded at a meaningful discount to both the prewar trophy stock and the newer condominium product, with pricing sensitive to floor, exposure, light, room count, renovation condition, and the building's maintenance level. Because co-op apartments are heterogeneous, headline averages are less useful than per-room, per-apartment comparison; we model each prospective transaction against recent in-building and comparable-building co-op trades.
Recent transfers 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 15, 2026 | 12S | 1 BR · 1 BA | $620,000 | -0.8% | |
| May 15, 2026 | 8R | 1 BR · 1 BA · 750 sf | $569,000 | $759/sf | -2.7% |
| May 6, 2026 | 4CD | 2 BR · 2 BA | $1,160,000 | +0.9% | |
| May 1, 2026 | 6E | 2 BR · 1 BA | $850,000 | -2.9% | |
| Nov 6, 2025 | 9V | 1 BR · 1 BA | $525,000 | -5.4% | |
| Jun 5, 2025 | 6L | 1 BR · 1 BA | $655,000 | -3.0% | |
| Jun 2, 2025 | 11J | 2 BR · 1 BA | $950,000 | +18.8% | |
| May 16, 2025 | 8H | 1 BR · 1 BA | $512,500 | -3.3% |
Market read. Most recent trades (2026) cleared a median $749/sf across 1 sale. Median listing discount 3.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Feb 19, 2025 | 7U | $520,000 |
| Mar 28, 2024 | 2K | $525,000 |
| Dec 19, 2022 | 12L | $800,000 |
| Jun 7, 2022 | 4R | $649,000 |
| Mar 1, 2017 | 2N | $607,250 |
| Aug 25, 2016 | 9R/S | $999,999 |
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 1-00928-0001) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
This is a board-approved cooperative. Expect a financial review, a board package, and an interview. Cooperative ownership generally restricts pied-à-terre, investor, and subletting use; confirm current policy and any flip tax with the managing agent before committing.
Price on $/room and per apartment. Capture room count, floor, exposure, and renovation condition, and compare against recent in-building and corridor co-op trades rather than condominium $/sf figures.
Maintenance is the carrying number. Review the monthly maintenance, the building's financial statements, the underlying mortgage, reserve position, and any assessment history. In a large postwar co-op, operating economics across many units are central to value.
Mansion tax applies above $1M. Run any prospective purchase through the Mansion Tax Calculator.
What to know if you’re selling
Buyer qualification matters early. In a cooperative, the strongest offer is the one most likely to clear the board; financial strength and a clean package are as important as price.
Position on rooms and condition. Room count, light, exposure, and renovation state separate comparable apartments; price to where a specific unit sits within that range.
Set expectations on timeline. Board approval extends the contract-to-close window relative to a condominium; build that into pacing.
Comparable buildings
If you're considering 382 Second Avenue, also evaluate:
- 111 East 14th Street — nearby corridor building at the Gramercy/East Village edge
- 115 East 9th Street — large postwar cooperative; comparable governance and carrying-cost profile
- 34 Gramercy Park East — the corridor's prewar co-op trophy reference point
- 50 Park Avenue — Murray Hill cooperative; corridor peer
- 160 East 38th Street — Murray Hill cooperative; comparable postwar value profile
The Roebling Team at 382 Second Avenue
The Roebling Team at Compass works across the Gramercy, Murray Hill, Kips Bay, and adjacent submarkets, including the corridor's large postwar cooperative stock. We publish this building profile because co-op buyers and sellers deserve building-specific intelligence — governance reality, maintenance economics, board-package mechanics, and pricing read on a per-room basis — rather than generic market commentary.
If you're considering a purchase or sale at 382 Second Avenue, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — board-package preparation, financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Get the full picture on this building.
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