- Year built
- 1911
- Type
- Cooperative — walk-up, multi-building garden complex
- Units
- 56
- Floors
- 3
- Landmark
- Designated
- Pets
- Not firmly documented in public records — verify with the managing agent
- Financing
- Not firmly documented in public records — verify at offer stage
- Flip tax
- 2.5 percent, paid by purchaser, per listing records — verify against the by-laws
The West Village trades on charm, but most of it comes one building at a time. 725 Greenwich Street is the rarer thing: an assembled complex — roughly ten low-rise structures around a shared landscaped garden at the corner of Greenwich and Perry — operating as a single cooperative. The garden is the structural asset. Under the offering plan on file in The Roebling Research Library, every tenant-shareholder holds the right to use the interior courtyard, with its mature trees and planted yards, regardless of whether their apartment is a designated garden-access "G" line. In a neighborhood where private outdoor space prices at a steep premium, a co-op whose common amenity is a hidden garden court is a genuinely scarce product.
The fabric is humble and historic in equal measure. The engineer's report bound into the 1979 offering plan describes old-law tenement construction — painted stucco-over-brick facades crowned with balustraded and arched parapets, wood-frame interiors, multi-flue chimneys that historically served apartment fireplaces, and the rear garden buildings reached through the yards (the report walks the entrances to 729 A through D). City records date the lot to 1911 and brokerage records reach back toward 1830; what is certain is that the complex predates the 1901 tenement law, carries 1928-alteration certificates of occupancy, and has sat inside the Greenwich Village Historic District since 1969, which protects the low-rise streetscape around it permanently.
The cooperative dates to the leading edge of the Village's conversion wave: the plan was first offered October 2, 1979, by sponsors Lewis B. Kaye and Beatrice M. Kaye, capitalizing the corporation at 7,387 shares. Four decades on, the building trades as classic West Village walk-up stock with two distinguishing features — the garden, and a policy framework (notably the documented two-year-then-unlimited sublet posture) far more liberal than the neighborhood's typical co-op board.
Architecture and unit composition
The complex's 56 apartments distribute across three- and four-story walk-ups fronting Greenwich and Perry plus the rear garden buildings — small footprints, with roughly 23,400 square feet of residential area in total, which works out to compact studios, one-bedrooms, and smaller two-bedroom lines rather than sprawling floor-throughs. Letter-prefixed unit designations (the "J" lines appear throughout the share schedule) track the multi-building layout. Top-floor units get light and roofline character; first-floor "G" lines get direct garden access; everything in between trades on renovation quality and orientation — street side toward the Village's best low-rise blocks, or courtyard side toward the trees. Exterior work of any kind runs through LPC under the historic-district designation.
Building operations
This is self-service Village living: no doorman, no amenity floor, a full-time superintendent per brokerage records, and a small board running a complex of old structures. Buyers should price the trade honestly — materially lower monthly carry than elevator and doorman stock, against walk-up logistics and the maintenance realities of pre-1901 wood-frame buildings (settlement, roofs, parapets, and chimney systems are the recurring line items in structures of this vintage; the engineer's report on file is the historical baseline, and current financials should show how the cooperative has kept up). Fireplace operability, where flues survive, should be verified unit by unit.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Feb 12, 2025 | J39 | $655,000 |
| Jan 13, 2023 | J3/4 | $670,000 |
| Apr 7, 2022 | J33 | $1,999,999 |
| Jan 20, 2022 | J23 | $500,000 |
| Oct 28, 2021 | J11 | $1,125,000 |
| Mar 6, 2020 | 22J | $537,500 |
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 1-00632-0045) 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.
What to know if you’re buying
The garden right is shared — confirm what that means in practice. The offering plan grants all shareholders use of the courtyard while reserving direct access to the "G" lines. Ask the managing agent how the garden is maintained, funded, and scheduled before you price a garden-line premium.
The sublet framework is the sleeper asset. Unlimited subletting after two years of ownership, per listing records, is about as liberal as Village co-ops get — it widens your exit options and the buyer pool behind you. Verify the current policy and any sublet fees directly; boards can amend.
Underwrite the buildings, not just the apartment. Pre-1901 wood-frame construction across ten structures means your attorney's review of the financials and capital history matters more here than in a single steel-frame building. The 1979 engineer's report on file with us is the starting baseline for what to ask about.
Walk-up math is real. Top-floor light comes with three flights. Price your own stairs honestly, and note there is no staff to receive packages.
Verify the policy stack. The 2.5 percent purchaser-paid flip tax, case-by-case pied-à-terre and co-purchase posture, pet policy, and financing limits are thinly documented publicly — we verify against the offering plan and current board documents during diligence. Run the Co-op Board Qualification Calculator before offering.
What to know if you’re selling
Sell the garden and the corner. A protected courtyard of mature trees behind a 1969-designated streetscape, two blocks from Hudson River Park — this is the specific scarcity. Photograph the garden properly; it is the difference between your listing and every other Village walk-up.
Lead with the sublet policy. The documented two-year-then-unlimited framework materially widens your buyer pool — pied-à-terre buyers and future landlords who are screened out of stricter co-ops can transact here. State it plainly, with the flip-tax structure.
Price to line and condition. With 56 small units across many buildings, same-complex comparables exist but vary widely by renovation and orientation. Garden-access and top-floor lines anchor the premium band; mid-floor street lines should be priced against the walk-up market on the surrounding blocks, and the Renovation Cost Calculator frames the estate-condition conversation.
Comparable buildings
If you're considering 725 Greenwich Street, also evaluate:
- 720 Greenwich Street (The Towers) — the loft co-op directly across the street; the elevator-and-scale alternative on the same corner
- 79 Perry Street — the closest like-for-like boutique walk-up co-op, a few blocks east on the same street
- 302 West 12th Street — the full-service pre-war co-op alternative nearby
- 75 Bank Street (Abingdon Court) — pre-war co-op two blocks north; the elevator step-up
- 99 Bank Street (The Ross Building) — converted loft co-op in the same far-west pocket
- 100 Bank Street — the neighboring Bank Street co-op comparison
- 350 Bleecker Street — the Bleecker spine co-op alternative with retail below
- 173 & 176 Perry Street — the glass-tower condos at the river end of Perry; the opposite end of the street's market, for calibration
The Roebling Team at 725 Greenwich Street
The Roebling Team at Compass works the West Village — its walk-up co-ops, loft conversions, and townhouse blocks — as a core practice area. We publish this building profile because buyers and sellers at Greenwich and Perry deserve building-specific intelligence — conversion documentation, the engineer's baseline, and policy framework — not generic neighborhood commentary.
If you're considering a transaction at 725 Greenwich Street, a 30-minute consultation is the right starting point.