- Type
- Condominium
- Units
- 20
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
926 Second Avenue is a small early-1980s condominium in Midtown East, on the stretch of Second Avenue near the East 50s and the Turtle Bay edge of the submarket. Two things define its appeal. First, it is a condominium — comparatively scarce in a Midtown East market long dominated by restriction-heavy cooperatives — so it offers the deeded flexibility that pied-à-terre and investor buyers value. Second, it is a small, boutique-scale building, which appeals to buyers who prefer the intimacy of a low-unit-count residence over a large staffed tower.
For buyers, the value proposition is flexibility, intimacy, and location: a deeded condominium in a boutique building, convenient to Midtown East, Turtle Bay, and the East Midtown employment core, at a price point below the trophy corridors. The combination of condominium structure and small scale is relatively uncommon in the submarket.
Architecture and unit composition
926 Second Avenue is a postwar condominium of early-1980s vintage and boutique scale — a small masonry-and-glass residential building constructed to its era's standards. With roughly twenty residences, the building carries the intimacy of a low-unit-count condominium rather than the scale of a staffed tower. The apartment mix reflects the period's new-construction product; window lines, ceiling heights, and finish packages are early-1980s, and condition varies by apartment depending on each unit's renovation history. Buyers should view layouts in person to calibrate on light, exposure, and floor.
Building operations
926 Second Avenue operates as a small-scale condominium. In a building of this size, the service model is necessarily more boutique than a large staffed tower, and operating economics are spread across a small number of units — which makes the building's financials, reserve position, and any assessment history especially important to review during diligence. Owners pay common charges plus individually assessed real estate taxes rather than a single co-op maintenance figure. Buyers should confirm the current common-charge schedule, reserves, and any planned capital work.
Local Law 97
- 2024–2029 annual penalty
- $4,006/yr
- 2030–2034 annual penalty
- $31,208/yr
- Per unit / month range
- $17 – $130
Facade safety — Local Law 11
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.
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 →Recent sales
926 Second Avenue is a condominium, so its market reads on a price-per-square-foot basis: deeds record price and date, and apartment-level square footage, beds, baths, asking price, common charges, and discount-to-ask complete each comparable. As a corridor matter, Midtown East condominiums have generally traded below the prewar trophy spine, with pricing driven by floor, exposure, light, and renovation condition. In a small building, comparables are few, so each transaction must be read against the narrow set of recent in-building trades and comparable boutique condominiums rather than a broad average. We model any prospective transaction at the apartment level, weighing floor, exposure, condition, and the limited comparable set a small building provides.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Mar 27, 2006 | 2 | 1 BR · 1,400 sf | $1,250,000 | $893/sf | +0.0% |
Market read. Most recent trades (2006) cleared a median $893/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01342-7502) 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
Condominium flexibility plus boutique scale. In a co-op-dominated submarket, deeded ownership permits pied-à-terre, investment, and sublet use under the declaration, with fast closings — and the small unit count appeals to buyers who want an intimate building.
Diligence in a small building is concentrated. With few units, the building's financials, reserves, and capital plan carry outsized weight; review them carefully.
Price on $/sf and per apartment. Capture square footage, exposure, floor, and condition; compare against the narrow set of recent in-building and comparable boutique-condominium deeds.
Mansion tax applies above $1M. Run any prospective purchase through the Mansion Tax Calculator.
What to know if you’re selling
Flexibility and intimacy are the story. A boutique Midtown East condominium reaches pied-à-terre and investor buyers the area's co-ops cannot, and appeals to buyers who prefer a small building; foreground both in marketing.
Comparables are narrow. Pricing rests on the limited set of recent in-building and comparable boutique trades and the specific attributes of the apartment, rather than broad corridor averages.
Closing timelines are condo-fast. Expect a materially shorter contract-to-close window than a board-approved co-op sale.
Comparable buildings
If you're considering 926 Second Avenue, also evaluate:
- 806 Second Avenue — nearby Midtown East condominium; direct corridor peer
- 303 East 57th Street — Midtown East building; corridor context
- 322 East 57th Street — Midtown East cooperative; corridor context
- 430 East 58th Street — Midtown East condominium; comparable flexibility profile
- 425 East 58th Street — Midtown East cooperative; corridor context
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Considering a move at 926 Second Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 926 Second Avenue 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.