83 First Avenue (347 East 5th Street)
83 First Avenue, New York, NY 10003
BBL 1004477501 · BIN 1077683
- Year built
- 1900
- Type
- Condop
- Floors
- 6
- Ownership structure
- Cooperative; the city classifies the tax lot as a condominium (a condop structure)
- The Roebling Team's building profile
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pets
- Pets permitted with conditions; species not stated
83 First Avenue (347 East 5th Street) sales history: 20 recorded transfers
Every recorded sale at this building, 2004–2024
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $1.3M – $1.3M
- Listing discount
- 0.0%
- Recorded transfers
- 20
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 83 First Avenue (347 East 5th Street) 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.
This is a six-story prewar walk-up on the corner of First Avenue and East 5th Street, two blocks south and one avenue west of Tompkins Square Park, and a short walk from the F train at Second Avenue. The First Avenue ground floor is a restaurant; the apartments above use the 347 East 5th Street address as well as the avenue numbers.
The ownership structure makes the building different from an ordinary co-op. In 1991 the sponsor split the building into a two-unit condominium: one unit for the storefront, one for everything above it. It then conveyed the residential unit to a co-op corporation. Buyers purchase shares in that corporation and get a proprietary lease, as in any co-op. The corporation in turn is a unit owner in the condominium, pays taxes on its own unit lot, and shares condominium governance with the owner of the storefront.
In practice the co-op board controls who buys an apartment, while the condominium board of managers controls the building's shell, roof and shared systems, on which the retail owner has a voice. That arrangement is common in the East Village and usually unremarkable. It is still worth understanding before signing.
Architecture and unit composition
The building fills a roughly 49-by-70-foot corner lot. The Department of Finance records about 11,600 gross square feet in the residential unit and about 4,100 square feet in the commercial unit. How common charges divide between the two units is set in the condominium declaration, which is not on file with us.
The apartment count needs to be resolved at diligence (see At a glance). By the Department of Finance count the apartments are small: under 600 gross square feet each on average, before combinations and including halls and stairs. Several owners have combined adjoining apartments, and the combined apartments are the building's larger homes. Layouts and exposures are not documented in public records; confirm them line by line.
Building operations
Two boards. The co-op board handles admissions, maintenance and house rules for the apartments. The condominium board of managers, with the co-op and the commercial owner as its two unit owners, handles the building as a whole. The corporation pays common charges to the condominium and real estate taxes on its unit lot, and passes both through to shareholders in maintenance.
Underlying debt. The corporation refinanced in 2017 with an $825,000 mortgage from a cooperative lender, replacing a prior loan held by Fannie Mae. That is modest debt for the size of the building. Ask for the maturity date and rate.
Rooftop easement. In 2024 the condominium board granted a recorded easement to a wireless-infrastructure company, with stated consideration of $850,000. Arrangements like this usually convert a rooftop antenna lease into a lump sum. How the proceeds were divided between the co-op and the commercial owner, and how the co-op used its share, is not in the public record. Ask to see it in the financial statements.
Investor-held shares. In 2016 the sponsor sold its last unsold apartment shares, four apartments, to a single company, per ACRIS. No resale of those shares has been recorded since. If one holder still owns four apartments, that affects some share lenders' concentration tests and the building's owner-occupancy figure. Confirm the current position with the managing agent.
Tax status. The building is fully taxed, and no J-51 burn-off remains.
Application and transaction fees
Fees below are from building management's published schedule, as of July 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant | Refundable Non-refundable |
Sublet
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $100 per applicant | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsThis building has a sublet fee of $0.64/share per month.Source: building management's published schedule, as of July 2026
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedUpon ApprovalSource: building management's published schedule, as of July 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
83 First Avenue trades as a compact prewar walk-up co-op. It is priced by room, and it sits at the accessible end of the East Village co-op market. Most recorded share sales have been small apartments. The top of the building's range has been combined apartments, and one combined upper-floor apartment set the building's high in 2024. Because the building is a walk-up, floor level cuts both ways: upper floors get more light and more stairs. With few sales each year, the most recent comparable in the building is the anchor.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Oct 2, 2024 | 7A | 1 BR · 1 BA | $1,275,000 | +2.0% | |
| Oct 14, 2021 | 9A | 2 BR · 1 BA · 625 sf | $683,500 | $1,094/sf | -2.2% |
| May 12, 2021 | 7A8A | 1 BR · 1 BA · 1,200 sf | $980,000 | $817/sf | -1.9% |
| May 18, 2017 | 5A | 2 BR | $650,000 | +8.5% | |
| Mar 26, 2015 | PHA | 2 BR | $545,000 | -0.9% | |
| Oct 1, 2008 | PH9 | 2 BR | $515,234 | +5.1% | |
| Apr 17, 2008 | 3A | 3 BR · 1,350 sf | $999,000 | $740/sf | +0.0% |
| Mar 12, 2008 | 10A | 1 BR | $499,000 | +0.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $956/sf (recorded) across 2 sales. The building has traded as recently as 2024. Median listing discount 0.0% from the last ask.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 1-00447-7501). 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.
Closed rents at 83 First Avenue (347 East 5th Street), last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 4 | $5,475 |
5 closed leases, October 2023 to September 2026. Most recent lease July 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 83 First Avenue (347 East 5th Street) and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Resolve the apartment count and the certificate of occupancy. The Department of Finance count is 20 and the legal count is 10. Before contract, find out which apartments are legal units and whether any combination or division lacks DOB sign-off. Lenders will ask.
Read the condominium documents as well as the co-op documents. The declaration and by-laws set how costs are split with the storefront, who controls the roof and façade, and what the retail owner can do. The co-op's proprietary lease and house rules set the apartment-level policies.
Ask about the easement proceeds and the financials. A 2024 lump sum of this size can fund real capital work or quietly cover operating shortfalls. The statements will show which.
Confirm the sublet and pied-à-terre policy. Neither is documented in anything we hold.
What to know if you’re selling
Explain the condop structure up front. Buyers and their attorneys handle it routinely when it is explained early.
Have the unit's legal status documented. If your apartment is a combination, have the DOB paperwork ready. It is the first question a lender's counsel will ask.
Comparable buildings
If you're considering 83 First Avenue, also evaluate:
- 214 Avenue A — a circa-1920 East Village co-op also structured as a condop
- 50 Avenue A — a prewar East Village co-op operated as a condop
- 24 East 7th Street — a co-op on a condominium billing lot with a commercial unit, near Cooper Square
- 87 St. Marks Place — a walk-up co-op of similar scale assembled from three row houses
- 87 East 2nd Street — a 1910 elevator co-op three blocks south on First Avenue; the elevator alternative
- 232 East 6th Street — a 1929 elevator co-op a block north and two avenues west, inside the historic district
- 193 Second Avenue — a 1902 prewar co-op a few blocks northwest
More East Village buildings
- 64 East 1st Street — 2015 condominium
- 72 East 3rd Street — 1900 condominium
- 75 First Avenue — condominium
- 87 East 2nd Street — 1910 co-op
- 87 St. Marks Place — co-op
- 89 Avenue A — 1900 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across East Village — read The Roebling Team Guide to East 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. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 83 First Avenue (347 East 5th Street)?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com