725 Greenwich Street

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, an aggregate measure that does not establish interior sizes or the bedroom mix; confirm unit plans. 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 alterations generally require LPC approval under the historic-district designation, with staff approval for eligible work and exemptions for some maintenance.

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 — compare current monthly costs with elevator and doorman alternatives, accounting for walk-up logistics and the maintenance needs of the wood-frame structures described in the historical report (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.

Recent sales

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.

Market read. Most recent trades (2025) cleared a median $1,433/sf (recorded) across 1 sale. Median listing discount 2.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00632-0045). 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.

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. Subletting is permitted with conditions; listing records describe unlimited subletting after two years of ownership. That 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. The historical report describes wood-frame construction across ten structures; review the financials and capital history in relation to their actual condition and repair needs. 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.

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. Subletting is permitted with conditions — per listing records, unlimited after two years of ownership — which widens your buyer pool to purchasers who may want to rent later. Confirm the current terms and state them 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.

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 building 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