Manhattan condos $1,629/sf 2%Manhattan co-ops $283K/room 5%Central Park perimeterPark Ave $478K/room 19%CPW $350K/room 5%Fifth Ave $501K/room 19%Billionaires' Row $4,272/sf 24%Tribeca $1,941/sf 2%
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Condominium · 1905
The Croft
71 Nassau Street, New York, NY 10038

The Croft

71 Nassau Street, New York, NY 10038

Financial District

BBL 1000797503 · BIN 1001215

At a glance
Year built
1905
Type
Condominium
Landmark
No
The Data Room

Every recorded sale at this building, 2006–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$1,007
Listing discount
1.8%
Recorded sales
126
On record
2006–2026

The Croft is one of the Financial District's quieter conversion success stories: a 1905 Beaux-Arts office building at the corner of Nassau and John Streets, given a careful early-2000s restoration and turned into a 52-unit boutique condominium. It belongs to the wave of Lower Manhattan office buildings that found a second life as housing after the neighborhood's residential reinvention — but unlike the glass towers that followed, The Croft kept the bones, scale, and detailing of the era that built it.

That heritage is the building's argument. Where most FiDi condominiums are new construction with standardized layouts, The Croft offers loft-scaled homes inside a genuine turn-of-the-century structure — high ceilings, large windows, and the masonry solidity of a building designed to last a century before anyone thought of living in it. For buyers who want downtown's energy and price efficiency without surrendering character, it is a distinctive middle path.

The location is the other half of the case. Nassau and John sit at the heart of the rebuilt Financial District, steps from Fulton Center's transit hub, the Seaport's restaurant-and-waterfront scene, and the express subway lines that put Midtown and Brooklyn within easy reach.

Architecture and unit composition

The Croft reads as a classic early-century commercial loft building: a masonry-and-stone facade with the rhythm of generous window bays, articulated base, and cornice that defined Beaux-Arts office design before the curtain wall. The mid-2000s conversion preserved that exterior while rebuilding the interiors as residences, and the 2006 restoration brought the common areas up to a contemporary standard without erasing the building's age.

Inside, the 52 residences are laid out across 16 floors — a boutique density that keeps the building intimate. The conversion produced the loft proportions the original structure makes possible: tall ceilings, deep floor plates, and oversized windows. Homes range from efficient one-bedrooms to larger layouts, with the variation typical of a converted building where original column lines and window placement shape each plan.

Building operations

The Croft runs as a full-service boutique condominium. A 24-hour doorman staffs the attended lobby, a resident superintendent handles day-to-day building needs, and the amenity set is anchored by a fitness center and a common roof deck with the open Lower Manhattan sky and skyline views the height of the building allows. The 2006 common-area renovation, with subsequent rounds of upkeep, keeps the lobby and shared spaces current.

As a condominium, The Croft offers the ownership flexibility the structure implies. Purchases clear through a condominium right-of-first-refusal rather than a co-op board interview, financing is not capped the way it is at many co-ops, and pied-à-terre, investor, and LLC purchasers are customary at conversions of this type. Buyers should review the building's specific transfer and move-in fees and sublet provisions in the offering plan and house rules as part of the deal.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — under today's cap; material modeled 2030 exposure
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$48,167/yr
Per unit / month range
$0 – $77
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2025–30
Unsafe
What this means for you

The latest available filing classified the facade as Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.

Inspection history
2010–15
Safe
2015–20
Safe
2020–25
Unsafe
2025–30
Unsafe
2030–35
Due
Next report due
by Feb 2032
On record
$33,000 in filing penalties
The three grades, in buyer terms
SafeLatest filing: Safe — no repairs required at that inspection.
SWARMPLatest filing: repairs required before the next inspection cycle.
UnsafeLatest filing: unsafe conditions requiring corrective action.

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

Managing agent
Sublet policy
Allowed, lease term 6 months to 1 year
Notable fees
Condo. Admin fee $150; processing $700; credit $75-$120/applicant; move-in/out fee $1,000 each; working capital 2 months common charges; closing $750
Transfer facts compiled by The Roebling Team · as of 2026-07. Confirm current policies and fees with the managing agent before contract.

Recent sales

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.

DateUnitApartmentPricePPSFvs. Ask
Mar 17, 2026PHB
1 BR · 1 BA · 700 sf
$705,000$1,007/sf-5.4%
Jun 30, 202512B
1 BR · 1 BA · 813 sf
$760,000$935/sf-8.4%
Oct 21, 20248B
1 BR · 1 BA · 813 sf
$760,000$935/sf-4.9%
Jun 20, 20243C
1 BR · 1 BA · 892 sf
$858,000$962/sf-4.6%
Mar 20, 20242B
1 BR · 1 BA · 700 sf
$680,000$971/sf-18.6%
Sep 26, 202212A
2 BR · 2 BA · 1,376 sf
$1,445,000$1,050/sf+0.0%
May 20, 20226A
2 BR · 2 BA · 1,088 sf
$1,125,000$1,034/sf-2.2%
Jan 31, 202215C
2 BR · 2 BA · 1,317 sf
$1,300,000$987/sf-6.8%

Market read. Most recent trades (2026) cleared a median $1,007/sf across 1 sale. Median listing discount 1.8% 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.

3A · 1,088 sf+53%
$911,334 ($838/sf) 2006$911,333 ($838/sf) 2006$1,050,000 ($965/sf) 2007$1,395,000 ($1,282/sf) 2015
2A · 1,088 sf+50%
$997,885 ($917/sf) 2006$780,000 ($717/sf) 2009$1,500,000 ($1,379/sf) 2016
4B · 685 sf+38%
$636,406 ($929/sf) 2006$590,000 ($861/sf) 2010$877,000 ($1,280/sf) 2017
PHA · 1,694 sf+30%
$2,112,869 ($1,247/sf) 2007$2,255,000 ($1,331/sf) 2008$2,750,000 ($1,623/sf) 2015
6B · 685 sf+27%
$687,319 ($1,003/sf) 2006$875,000 ($1,277/sf) 2016
View all 126 recorded sales, sortable

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 1-00079-7503) 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

The appeal here is loft character at a downtown price, inside a condominium structure. Financing is flexible — there is no co-op-style financing cap — and the purchase process is condominium-standard, clearing through a right-of-first-refusal rather than a board package and interview. Pied-à-terre and investor purchases are customary at a building of this type. Buyers should still read the building's house rules and offering plan for the specifics on subletting, pets, and move-in logistics, and weigh the realities of a converted prewar building — window lines, mechanical systems, and floor plates shaped by the original 1905 design.

What to know if you’re selling

Lead with what new construction can't replicate: a genuine 1905 Beaux-Arts building, loft proportions, and a boutique 52-unit scale on a prime Nassau-John corner. Benchmark to the conversion segment, not the glass towers — your comparison set is the Financial District's prewar-to-condo inventory, where character and ceiling height drive value. The condominium structure is a selling point — a faster, more predictable right-of-first-refusal closing appeals to the financing- and flexibility-minded downtown buyer. And location does heavy lifting: Fulton Center transit, the Seaport, and the express lines are all within a short walk.

Comparable buildings

If you're weighing The Croft, also look at these nearby Financial District and Lower Manhattan options:

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 The Croft?

Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

Own an apartment here? See what it would sell for.

A Private Pricing Opinion — what your apartment at The Croft 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.