The Amherst (401 East 74th Street)
401 East 74th Street, New York, NY 10021
Lenox Hill, Upper East Side
BBL 1014697501 · BIN 1045891
- Year built
- 1962
- Type
- Cooperative
- Units
- 251
- Floors
- 20
- Landmark
- No
- Pets
- Permitted with board approval
- Financing
- Cooperative — minimum 20% down (maximum \~80% financing)
- Flip tax
- A transfer fee applies (reported at approximately 3% of sale price); confirm the exact rate and basis with the managing agent
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $930K
- Recent range
- $445K – $2M
- Listing discount
- 2.1%
- Recorded transfers
- 237
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Amherst 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.
The Amherst is the large full-service cooperative of far-east Lenox Hill — a 20-story, 1962 postwar building set across a two-building lot on East 74th between First and York, known for a broad amenity plant, a low-maintenance reputation, and, above all, for large, combinable family apartments that reach sizes co-ops of its vintage rarely offer. It is a value-oriented address on the Upper East Side: co-op ownership and a quiet river-adjacent block deliver square footage and full service at a materially lower per-foot cost than the neighboring condominiums.
Its position in the market is defined by that value equation and by the cooperative structure. As a co-op, purchases run through a board — application, financials, and interview — with a minimum 20% down payment and a transfer fee, and washer/dryers are not permitted in unit. In exchange, buyers get a well-run, staffed building with an amenity package broader than most 1962 co-ops — a roof deck, a fitness room, a party room, cold storage — and the ability to assemble two-, three-, and four-bedroom homes, with combined layouts reaching roughly 4,800 square feet. The building permits pieds-à-terre, guarantors, co-purchasing, and parents buying for children, which makes its board more accommodating than many on the corridor.
The location is far-east 74th Street between First and York — quiet, residential, near the river and the FDR, a short walk to the Second Avenue subway at 72nd Street and the neighborhood's schools. It trades the retail density of the Lexington and Third Avenue spines for calm, space, and value.
Building operations
The Amherst operates as a full-service cooperative: a 24-hour doorman, a live-in resident manager, an on-site parking garage, a common roof deck, a fitness room, a children's playroom, a party room with a kitchen, a bike room, cold storage, central laundry, and a landscaped courtyard. Its reputation is for sound, low-maintenance operation. Approximately 55% of maintenance is tax-deductible, and the building is eligible for the NYC co-op/condo tax abatement for qualifying primary residents, both of which affect the effective carry. Buyers should confirm the specific unit's maintenance, review the building's financial statements, reserve position, and any active assessment during diligence, and — for a 1962 building — review the engineering reports and any façade or mechanical capital work.
Architecture and layouts
The Amherst is a postwar white-brick-era Lenox Hill cooperative — a functional, full-service composition of 1962, built across two connected buildings on a single large lot. The architecture is not the point; the layouts are. The building's defining feature is the scale and combinability of its apartments: two-, three-, and four-bedroom homes predominate, and owners have assembled combined family layouts reaching roughly 4,800 square feet — sizes that co-ops of this era, on this part of the Upper East Side, seldom deliver at this price.
Because the building trades on room count and layout rather than on view altitude or architectural pedigree, a per-room and per-layout analysis — the size and configuration of the specific apartment, its light and exposure, and its renovation condition — is the correct pricing basis, not a blended per-foot average across the lot.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $43,838/yr
- Per unit / month range
- $0 – $15
- Modeled exposure split equally across 251 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
The Amherst trades as a value-oriented, space-driven full-service Lenox Hill cooperative. Value is set by room count, layout, light, and renovation condition rather than by view altitude — the large combined family apartments trade on their own comparable set, and the co-op structure narrows the buyer pool to primary and pied-à-terre purchasers who clear the board's requirements. Recorded sales auto-populate from public records; unit-level history and current comparables are maintained in The Roebling Research Library and shared with clients during diligence. In a building where layout and size drive value, per-room and per-layout comparables — not building-wide per-foot averages — are the correct basis.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 2, 2026 | 8A | 2 BR · 1 BA · 936 sf | $940,000 | $1,004/sf | -0.9% |
| Jul 9, 2026 | 5A | 2 BR · 1 BA · 940 sf | $927,000 | $986/sf | +0.2% |
| May 4, 2026 | 10E | 2 BR · 1.5 BA · 940 sf | $895,000 | $952/sf | -7.3% |
| Jan 15, 2026 | 2S | 1 BA | $455,000 | -5.2% | |
| Nov 14, 2025 | 16E | 2 BR · 1 BA | $933,500 | -1.6% | |
| Oct 14, 2025 | 2P | 1 BA | $445,000 | -11.0% | |
| Aug 11, 2025 | 3R | 2 BR · 1 BA · 975 sf | $935,000 | $959/sf | +1.1% |
| Jun 26, 2025 | 2A | 2 BR · 1 BA | $895,000 | -0.4% |
Market read. Most recent trades (2026) cleared a median $996/sf (floor-adjusted) across 3 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.6% 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.
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 1-01469-7501). 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.
Closed rents at The Amherst, last 36 months
3 closed leases, October 2023 to September 2026. Most recent lease June 2026. Based on few leases. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $934K (14 transfers since 2024), a buyer putting 25% down would pay about $12,051 to close, or 1.3% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,051
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Amherst and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like The Amherst. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Understand the co-op requirements. Expect board approval — application, financials, and an interview — a minimum 20% down payment, and a transfer fee reported at roughly 3% of sale price (confirm the exact rate and basis). Washer/dryers are not permitted in unit. Guarantors, co-purchasing, and parents buying for children are allowed, which makes the board more flexible than many on the corridor.
Buy the layout, not the view. The value here is space — the large, combinable family apartments. Price the specific configuration, its light, and its condition, not a building average.
Model the tax picture. About 55% of maintenance is tax-deductible, and the building is eligible for the co-op/condo abatement for qualifying primary residents. Factor both into the carry. Run the True Monthly Carrying Cost Calculator.
Diligence the building. For a 1962 co-op, review the financial statements, reserve study, board minutes, any assessment, and the engineering and façade capital picture.
What to know if you’re selling
Lead with space and value. The large, combinable family layouts at a co-op price point are the marketing headline — square footage and full service the neighboring condos can't match on a per-foot basis.
Price by layout and condition. Room count, light, exposure, and renovation state drive value here. Comparable analysis is layout-specific, not per-foot.
Set expectations on the board. Buyers should be prepared for the co-op process and the financial requirements; a well-prepared board package is essential.
Sell the quiet location. A residential, river-adjacent block with full service and an unusually deep amenity plant for its vintage.
Comparable buildings
If you're considering The Amherst, also evaluate:
- 200 East 74th Street — full-service white-brick co-op corner tower nearby; the closest ownership-structure like-for-like
- The Oxford (422 East 72nd) — the amenity-heavy condominium two blocks south; the condo alternative
- 515 East 72nd Street — East River amenity condominium; the lifestyle-building alternative
- Trump Palace (200 East 69th) — tall view-driven Lenox Hill condominium; the height-and-view alternative
- Manhattan House (200 East 66th) — the landmarked postwar-to-condominium benchmark; the architectural alternative
- 160 East 65th Street (The Phoenix) — postwar Lenox Hill co-op; a value-oriented cooperative peer
More Upper East Side buildings
- 401 East 84th Street (The Dunhill) — new-construction condominium by Liebman & Liebman
- Bridge Tower Place (401 East 60th Street) — 2000 condominium by Costas Kondylis & Partners
- Gracie Towne House (401 East 89th Street) — 1960 condop by Philip Birnbaum & Associates
- 402 East 74th Street — 1937 co-op
- River East Plaza (402 East 90th Street) — condominium
- 404 East 66th Street — 1960 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Amherst?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.