The Cast Iron Building (67 East 11th Street)
67 East 11th Street, New York, NY 10003
Greenwich Village
BBL 1005630037 · BIN 1009138
- Year built
- 1868
- Units
- 144
- Landmark
- No
- Amenities
- Elevators, live-in resident manager, central laundry, private storage, a residents' club room, and a roof-level cooling tower serving the building's central systems, per management-sourced records and DOB filings. There is no doorman staffing published in the records reviewed — confirm current staffing 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.
- 1BR median
- $1.1M
- Recent range
- $400K – $4.3M
- Listing discount
- 0.7%
- Recorded transfers
- 213
This is the building that made the loft conversion possible. Not the first residential loft in New York, and not the largest, but the one that turned a defensible architectural argument into a financeable transaction — and the whole downtown market that followed rests on what happened here between 1972 and 1974.
The building began as James McCreery & Company's dry goods store, opened in 1869 on a stretch of Broadway that was then the retail spine of a city moving north from Washington Square. John Kellum built it in cast iron, with tiers of arched openings framed by engaged Corinthian columns and show windows glazed more deeply than the era's masonry construction allowed. McCreery's followed the department stores up to Ladies' Mile in the 1890s and left the building in 1902; the upper floors filled with light manufacturing — suits, shoes, leather goods — and stayed that way for most of the twentieth century.
In 1966 the Landmarks Preservation Commission calendared the building for individual designation, one of the earliest sites it considered. Designation never came. In 1971 a fire that started in one of the upper-floor factories destroyed the interior. The cast iron, being cast iron, survived essentially intact, and what remained was a magnificent façade wrapped around nothing.
The developer that bought the shell in 1972 initially proposed demolishing it and building an apartment tower. The neighborhood, the preservation community and the cast-iron advocates who had spent the decade documenting these buildings fought it, and the fight ended at the Board of Standards and Appeals rather than at the Landmarks Commission. The variances the Board granted made it legal — and, critically, conventionally financeable — to convert a cast-iron commercial structure of this age and configuration to residential use. Stephen B. Jacobs Group designed the conversion: the arched windows kept, the interior Corinthian columns kept, the original ceiling heights kept, the later one-story roof addition removed and two setback floors added in its place. One hundred and forty-four apartments, no two of them identical. It was completed in 1974 and renamed the Cast Iron Building.
The building spent its first decade as a rental under a 421-a exemption. When that exemption ran out on June 30, 1985, the sponsor presented a cooperative plan four days before the expiration date, and title passed to Cast Iron Corp. in January 1986. That sequence — 421-a expiry, then conversion — is why this building has no J-51 history worth speaking of, and it is the single most common factual error made about it. Loft cooperatives converted between 1977 and 1985 almost always took a J-51; this one did not, because it had already taken a different benefit a decade earlier.
Architecture and unit composition
The Broadway elevation is the reason to buy here. Seven bays of cast iron running two hundred feet north from 11th Street, arranged in stacked arcades with engaged Corinthian columns at every pier and a run of arched window openings that reach nearly floor to ceiling inside. The 1974 setback stories sit above the original cornice line and read as a distinct, later layer rather than an imitation, which is generally how preservation practice would have wanted it handled.
Inside, the apartment stock is the direct product of a commercial floor plate cut into homes without regularizing it. Ceiling heights are tall enough that a great many apartments carry mezzanines — DOB filings for individual units over three decades are full of mezzanine enlargements and reductions, new spiral and steel convenience stairs between a main floor and a mezzanine, and partition work around double-height living space. Layouts vary line to line and floor to floor. Some apartments have terraces or balconies at the setback floors; some have loft storage above bathrooms; some are combinations, and the DOB record shows several — 717 into 718 and later 716, 415 and 416 into 515, 311 into 312 — meaning the current stock is somewhat larger and somewhat fewer than the plan's 143.
The practical consequence for a buyer is that comparables have to be drawn line by line and mezzanine by mezzanine. Two apartments of similar stated size in this building can be genuinely different products: one a double-height space with a full mezzanine level, the other a conventional flat. Ask what is legally mezzanine and what is legally floor area, and ask whether the internal stair was filed.
Building operations
The cooperative operates the whole building — apartments, common areas and the ground-floor and cellar commercial space — as a single corporation on a single tax lot. That commercial estate is the defining operating feature. Eight commercial spaces totaling roughly 12,000 square feet produced about $540,000 of rent in the most recent year on file, plus a further layer of sublet, storage and other fees. In a 144-unit building, that income is the difference between average and low maintenance for a loft of this size.
The counterweight is the underlying mortgage. The corporation refinanced in November 2020 into $19,500,000 of long-term institutional debt, replacing earlier bank borrowing, and the proceeds allowed the board to discontinue a capital assessment then in progress and refund what shareholders had prepaid. That was a good outcome for shareholders in the moment; the durable question a buyer should ask is what the debt service costs per share and what the loan's maturity and prepayment terms are, because $19.5 million is a substantial position and the building's ability to fund the next capital cycle without an assessment depends partly on whether it can borrow again.
Capital work has been continuous rather than episodic. The most significant current item is the Local Law 11 façade cycle, which on a cast-iron building is a specialist trade — the 2020 DOB filing describes cast-iron repair, cast-iron coating, fiberglass unit replacement and masonry repair — and is correspondingly expensive. Cooling-tower coils, boilers, lobby and club-room renovation and a window-replacement survey have all run through the capital accounts recently, with a hallway renovation anticipated. Reserves at the most recent year-end on file were in the several-million-dollar range, which is a reasonable posture for a building of this size carrying this façade obligation.
Policy framework
Transfer fee: 1.50 percent of the gross sale price. Adopted by by-law amendment and recorded as revenue in the audited statements on file, with certain defined transactions exempt. Confirm who pays it — customarily the seller — and confirm the exemptions with the managing agent.
Subletting is permitted with board approval and a surcharge. The audited statements carry a recurring sublet fee line, so the policy is live rather than nominal. The term limit, the residency requirement before a first sublet, the building-wide cap if any, and the surcharge rate are not published and must come from the managing agent.
Financing ceiling, minimum down payment and post-closing liquidity are not published. They are board-set, they change, and they are the three numbers that most often kill a deal in a loft cooperative. Get them in writing before you make an offer.
Pied-à-terre use, trust purchases and LLC or corporate purchases are not published. The original offering plan contemplated selling up to fifteen percent of shares to entities, but that provision governed the sponsor's offering forty years ago and says nothing about current board practice. Assume nothing.
Pets are permitted per management-sourced records; confirm the current house rules.
Alterations require board consent and an alteration agreement. Given how many apartments here have mezzanines and internal stairs, and given that structural filings accompany a large share of renovations in this building, budget for a real DOB filing on anything beyond finishes.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $35,078/yr
- Per unit / month range
- $0 – $20
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 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.
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 2020–25. 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 Cast Iron Building trades as a Greenwich Village loft cooperative rather than as a prewar apartment house, and it should be underwritten that way. Pricing here is driven by ceiling height, window wall, mezzanine level and outdoor space far more than by room count, and the per-room conventions used for prewar cooperatives on the Upper East and Upper West Sides do not travel well to this stock.
Relative to the loft cooperatives immediately around it — the converted store-and-loft buildings of NoHo and the blocks south of Union Square — the building's advantages are the architecture, the ceiling heights, the corner position on Broadway and the commercial income that holds maintenance down. Its disadvantages are the same ones every 1970s loft conversion carries: variable layouts, older building systems reaching the end of their design lives, and a façade obligation that is more expensive here than on a masonry neighbor. The absence of landmark designation cuts both ways for a buyer — it means no LPC permit process for window or exterior work today, and it means no permanent protection for the very façade that gives the building its value.
Indexing to the last complete year, the downtown loft cooperative market has been steadier than the new-development condominium market and more sensitive to financing conditions than the prewar cooperative market, largely because loft buyers skew younger and lever more. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Jul 7, 2026 | 503 | 1 BR · 1 BA · 650 sf | $715,000 | $1,100/sf | -1.4% |
| Jun 30, 2026 | 314 | 1 BR · 1 BA | $1,150,000 | -3.8% | |
| Jun 8, 2026 | 705 | 2 BR · 1 BA | $1,355,000 | -4.9% | |
| Dec 29, 2025 | 205 | 1 BR · 1 BA · 875 sf | $1,195,000 | $1,366/sf | +0.0% |
| Oct 1, 2025 | 614 | 1 BR · 1 BA · 426 sf | $529,000 | $1,242/sf | +0.0% |
| Sep 9, 2025 | 317 | 1 BR · 1 BA | $1,105,000 | +10.5% | |
| Jul 10, 2025 | 711 | 1 BR · 1 BA | $1,355,000 | +8.5% | |
| Jun 16, 2025 | 411 | 1 BR · 1 BA · 750 sf | $1,250,000 | $1,667/sf | +4.6% |
Market read. Most recent trades (2026) cleared a median $1,100/sf across 1 sale. Median listing discount 1.4% 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 |
|---|---|---|
| Dec 13, 2012 | 712 | $690,000 |
| Feb 15, 2005 | 509 | $530,000 |
| Oct 13, 2003 | 721 | $350,000 |
| Jul 9, 2003 | 325 | $559,000 |
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 1-00563-0037) 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
Get the board package requirements before you write an offer. This is a full-review cooperative: a purchase application, a financial statement, tax returns, reference letters and a board interview. The interview is the gate, and it is scheduled after the package is complete, so the calendar runs longer than a condominium closing.
Ask three numbers first: financing ceiling, minimum down payment, post-closing liquidity. None is published. A loft cooperative with a $19.5 million underlying mortgage will usually hold a firmer line on liquidity than a smaller building would.
Read the mezzanine. Confirm what is legal floor area, what is mezzanine, whether the internal stair was filed, and whether the certificate of occupancy and the DOB record match what you are walking through. Unfiled mezzanine work is the most common defect in this building type.
Ask about the façade cycle and the assessment history. A capital assessment was discontinued in December 2020 when the refinancing closed. The Local Law 11 restoration is a cast-iron project, not a brick one. Ask where the current cycle stands, what it has cost, and whether the board expects to assess or borrow for the next one.
Understand the commercial income and the leases. Roughly $540,000 a year of retail rent is doing real work in this budget. Ask when the leases roll, whether any space is vacant, and what the board's leasing posture is — a retail vacancy on Broadway is felt directly in maintenance here.
What to know if you’re selling
Lead with the architecture and the ceiling height, and show the mezzanine. Buyers for this building are cross-shopping NoHo and SoHo lofts, and photography that conveys volume does more here than square footage does.
Have the paperwork in order before listing. Alteration approvals, filed plans for any mezzanine or stair work, and a clean certificate of occupancy history shorten a board review that is otherwise slow.
Price against the specific line, not the building average. The variance between a low-floor interior apartment and a setback-floor apartment with outdoor space is wide enough that a building-wide average is actively misleading.
Budget the 1.50 percent transfer fee into your net. It is charged on the gross sale price and it is easy to overlook when working backward from a target number.
Comparable buildings
If you're considering the Cast Iron Building, also evaluate:
- 815 Broadway — the immediate Broadway neighbor on the same block; the closest possible comparison on location
- 55 East 11th Street — same block of East 11th Street; the other side of the same address problem
- 44 East 12th Street — a block north; converted loft stock in the same submarket
- 60 East 9th Street — large full-service cooperative housing a few blocks south; a very different structure, and a useful contrast on how tenure can be organized
- 77 Bleecker Street — Bleecker Court; a large NoHo loft cooperative assembled from nineteenth-century store-and-loft buildings, with a comparable commercial estate and a very different debt position
- 1 Astor Place — the contemporary condominium alternative in the same walking radius
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Greenwich Village — read The Roebling Team Guide to Greenwich Village.
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.
Considering a move at The Cast Iron Building?
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Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Cast Iron Building 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.