552 LaGuardia Place (Sherry's Village)

The building rises 11 stories in post-war brick with a commercial base — roughly 7,900 square feet of retail and 4,900 square feet of office space per city records — and residences above that average around 1,500 square feet on city-records area figures. Listing records count 9 apartments (city records tally 11 residential units, reflecting combinations), configured essentially one residence per floor, which buys the building's signature attributes: privacy, multiple exposures per apartment, and elevator-opens-near-your-door living at a fraction of the share count of the surrounding co-op stock. The penthouse level has traded with private outdoor space per listing records. A rear garden, bike room, and basement storage round out the physical plant. The original architect is not reliably documented in public records, and we decline to guess.

This is a self-service boutique building: no doorman, a part-time superintendent, and a video-intercom entry system per listing records. Management is handled by an outside agent — the documents on file show the agent has changed over the past several years, so confirm the current management contact at offer stage. The house rules on file document monthly pest-control service included in maintenance, weekday-only moves with deposits, and a two-week-notice alteration process with a refundable deposit. Maintenance is billed monthly with a modest late fee. The proprietary lease, by-laws, house rules, and purchase application are on file in The Roebling Research Library and available to clients during diligence.

Understand what "condop" means here. You are buying co-op shares and a proprietary lease in West Third Street Apartment Corp., which owns the residential condominium unit — co-op transfer mechanics, co-op board approval, co-op governance. The condominium layer matters mainly because the retail and office base is separately owned: your attorney should review how common costs, building systems, and decision rights are allocated between the residential co-op and the commercial unit owners.

The board package is a real one. The application on file requires the full co-op stack — financial statement with supporting documentation, tax returns, pay stubs, and reference letters — with an $800 application fee. Run the Co-op Board Qualification Calculator before offering, and budget for a 20 percent minimum down payment per listing records.

This is a primary-residence building in practice. The sublet policy on file is among the more restrictive we see — case-by-case, urgent-circumstances-only — and short-term rentals carry documented fines. Investors and pied-à-terre buyers should confirm intent with the board before going to contract.

Scarcity cuts both ways. One residence per floor in the South Village is a genuinely thin market — strong for long-term value, but it means appraisal comparables will lean on nearby loft and boutique-co-op sales rather than same-building history. Price expectations should be built accordingly.

No staff means no staff. Package logistics, renovations, and approvals run through a small board of neighbors and an outside agent. Common costs are lean for the location; the service layer is you.

Verify the fee stack. Flip tax, washer/dryer policy, current financing requirements, and the current managing agent are not firmly documented in public records — we verify each against the building's current documents during diligence.

Market the structure, not just the apartment. Full-floor-scale living, a single neighbor per floor, and a one-block walk to Washington Square Park is a specific and scarce proposition. The marketing should name it plainly — buyers cross-shopping Village walk-up co-ops and loft conversions will not find another building configured like this one.

Use the block's protection as a selling point. The historic-district boundary protects the 19th-century streetscape around the building while leaving the building itself free of LPC review — low-scale context that cannot densify, without the approvals burden. That is an unusual and marketable combination.

Prepare buyers for co-op mechanics early. The condop label attracts buyers expecting condo flexibility; the governance is cooperative. Setting expectations on the board package, sublet policy, and timeline up front protects deals from late-stage surprises.

Price to the thin-market reality. With so few units, anchoring to the last in-building trade can misprice by years of market movement. We build pricing from current South Village loft and boutique-building comparables, adjusted for the full-floor premium.

If you're considering 552 LaGuardia Place, also evaluate:

• 1 Bond Street — landmarked 18-unit NoHo loft condominium; the historic boutique alternative
• 40 Bleecker Street — new boutique condo at the Village/NoHo seam; the full-amenity alternative
• 21 Astor Place — boutique pre-war condo conversion nearby
• 43 Great Jones Street — NoHo loft co-op; the classic loft-stock alternative
• 36 Bleecker Street — boutique loft building in the same orbit
• 505 LaGuardia Place — the I.M. Pei-designed University Village co-op tower south of Bleecker; the architectural-pedigree alternative at larger scale
• 110 Bleecker Street — the full-service Bleecker Street co-op alternative with doorman service
• 250 Mercer Street — large loft co-op two blocks east; the higher-liquidity comparable

The Roebling Team at Compass works Greenwich Village, NoHo, and the broader downtown boutique and loft market as a core practice area. We publish this building profile because South Village buyers and sellers deserve building-specific intelligence — condop mechanics, documented policy framework, and honest thin-market pricing analysis — not generic neighborhood commentary.

If you're considering a transaction at 552 LaGuardia Place, a 30-minute consultation is the right starting point.