- Year built
- 1989
- Type
- Condominium
- Units
- 164
- Floors
- 9
- Landmark
- No
- Pets
- Cats and dogs permitted under the condominium framework
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $889
- Listing discount
- 2.9%
- Recorded sales
- 306
- On record
- 2004–2026
The Cove Club is one of Battery Park City's most distinctively sited buildings: a nine-story condominium on a waterside cul-de-sac at the edge of South Cove, the sculpted inlet that is among the neighborhood's most celebrated pieces of public landscape. Most of Battery Park City addresses face streets and avenues laid on the master-plan grid; the Cove Club instead turns toward the water at the end of a quiet, low-traffic lane, which gives it one of the most secluded settings in Lower Manhattan.
The pedigree is strong for a building of its scale. The Cove Club was designed by Polshek & Partners — the firm of James Stewart Polshek, whose practice (now Ennead Architects) went on to the Rose Center for Earth and Space and the William J. Clinton Presidential Center. The building reads as disciplined late-1980s contextualism: red brick with limestone trim, a massing that steps back to create private terraces, and a skylit lobby. The aesthetic follows the prewar-inspired masonry vocabulary the Battery Park City master plan mandated for the South neighborhood — warm brick and classical proportion rather than glass-curtain modernism.
The ownership structure is the defining economics, and here we work from primary documents. The Cove Club is Battery Park City Authority Site 11, and its residential ground lease — with multiple amendments on file at the Authority, including a recorded rent-reset amendment — sits beneath the condominium. Unit owners hold their interest above that lease; ground rent and PILOT (payments in lieu of taxes) flow through common charges rather than a conventional property-tax bill. That structure is why Battery Park City carrying costs read high against the apartment prices, and why the prices themselves sit at a structural discount to fee-simple downtown condominiums.
Architecture and unit composition
The building rises nine stories in red brick over a limestone base, its upper floors stepping back to produce the terraces that distinguish many of its larger lines. The unit mix runs from studios through three-bedrooms and includes duplex townhouse-style residences — some with substantial private outdoor space, an unusual feature in Lower Manhattan. The waterside cul-de-sac siting next to South Cove gives the building harbor and cove outlooks from its better lines; upper and water-facing units carry the premium, and the rooftop opens harbor and Statue of Liberty views to all residents. Finishes vary by renovation cycle — the building is now more than three decades past its sponsor finishes.
Building operations
Full-service at a mid-scale: 24-hour doorman and attended lobby, a live-in superintendent, a skylit lobby, a fitness center, a residents' lounge and game room, a landscaped private courtyard garden, a roof deck with harbor and Statue of Liberty views, central laundry, and an on-site parking garage reached through the lobby. There is no swimming pool; the esplanade, South Cove, and the neighborhood's parks are the building's outdoor amenity program. As with all Battery Park City buildings, the operating budget carries ground rent and PILOT, which is why common charges read high relative to the purchase price. The offering plan and the Site 11 ground-lease materials are held in The Roebling Research Library and shared with clients during diligence.
Local Law 97
- 2024–2029 annual penalty
- $11,023/yr
- 2030–2034 annual penalty
- $118,498/yr
- Per unit / month range
- $6 – $61
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into 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
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 |
|---|---|---|---|---|---|
| Jun 30, 2026 | TH7 | 3 BR · 2.5 BA · 1,429 sf | $1,390,000 | $973/sf | +0.0% |
| Mar 10, 2026 | 7B | 2 BR · 2 BA · 1,030 sf | $850,000 | $825/sf | -5.0% |
| Mar 5, 2026 | 6J | 1 BR · 1 BA · 592 sf | $547,500 | $925/sf | -8.6% |
| Feb 17, 2026 | 8F | 1 BR · 1 BA · 632 sf | $589,000 | $932/sf | +0.0% |
| Dec 3, 2025 | 3I | 2 BR · 1 BA · 765 sf | $680,000 | $889/sf | -12.0% |
| Nov 10, 2025 | 9H | 2 BR · 1 BA · 886 sf | $655,000 | $739/sf | -6.4% |
| Oct 15, 2025 | 4O | 1 BR · 1 BA · 634 sf | $537,000 | $847/sf | -2.7% |
| Oct 1, 2025 | 6R | 2 BR · 2 BA · 1,066 sf | $1,250,000 | $1,173/sf | -3.5% |
Market read. Most recent trades (2026) cleared a median $889/sf across 3 sales. Median listing discount 2.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-00016-8001) 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
Underwrite the ground lease first. This is the central diligence item. The Cove Club is Battery Park City Authority Site 11, and its lease has been amended several times, including a recorded rent-reset amendment — the periodic recalibration of ground rent that Battery Park City buildings undergo. Your attorney should review the Site 11 lease and amendments; we provide what is on file from The Roebling Research Library.
Carry is the real price. Common charges here bundle ground rent and PILOT. Run the True Monthly Carrying Cost Calculator on the specific unit and compare total monthly cost — not just price per foot — against fee-simple alternatives.
The setting is the differentiator. The waterside cul-de-sac at South Cove is among the quietest residential positions in Lower Manhattan, and the duplex townhouse-style units with private terraces are genuinely scarce stock. Buyers drawn to outdoor space and seclusion should weigh those lines specifically.
Condo mechanics are a genuine flexibility. Condominium transfer mechanics apply — no co-op board interview — which widens what is possible for relocating professionals, international buyers, and parents buying with children. Pets, pied-à-terre use, and subletting are all permitted under the condominium framework.
What to know if you’re selling
Sell the documents, not just the apartment. Ground-lease anxiety is the most common buyer objection in Battery Park City, and it is best answered with the actual Site 11 lease and rent schedule. We put the primary documents in front of serious buyers' counsel early — it shortens diligence and protects price.
Lead with the setting and the terraces. South Cove seclusion and the duplex townhouse-style units are the building's scarce assets; state them plainly and price the outdoor-space lines to their own history.
Position against the right comparables. The honest comp set is other for-sale Battery Park City condominiums, not fee-simple downtown towers.
Comparable buildings
If you're considering the Cove Club, also evaluate:
- Hudson View East (250 South End Avenue) — Rector Place leasehold condominium of the same vintage; the mid-rise peer
- Liberty Court (200 Rector Place) — the 548-unit condominium in Rector Place; the scale-and-amenity alternative
- Battery Pointe (300 Rector Place) — compact 1980s condominium at the esplanade end of Rector Place
- The Visionaire (70 Little West Street) — LEED Platinum south-neighborhood condominium of the green-building era
- Riverhouse (2 River Terrace) — north-neighborhood 2007 green condominium; the newer-construction step-up
The Roebling Team at The Cove Club
The Roebling Team at Compass works Battery Park City and the broader Financial District waterfront as a core practice area, with particular depth in ground-lease diligence — the issue that decides outcomes in this neighborhood. We publish this building profile because Cove Club buyers and sellers deserve building-specific intelligence — lease documentation, design pedigree, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at the Cove Club, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Battery Park City — read The Roebling Team Guide to Battery Park City.
Get the full picture on this building.
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