- Year built
- 1969
- Type
- Cooperative
- Units
- 1
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2015–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $683K
- Recent range
- $412K – $1.4M
- Listing discount
- 2.4%
- Recorded transfers
- 579
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Southbridge Towers 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.
Southbridge Towers is one of NYC's largest middle-income cooperatives — born from the Brooklyn Bridge Southwest Urban Renewal Area, designed by Gruzen & Partners and built by Tishman Realty & Construction in 1969-1971, then privatized from Mitchell-Lama to market-rate cooperative in 2014 (transition completed December 2015).
The complex is defined first by its 1,651-unit operational scale, which puts it among NYC's largest residential cooperatives. What sets its market behavior apart is the 2014-2015 Mitchell-Lama privatization, extensively covered in the press, which produced ownership and transactional patterns structurally distinct from peer FiDi inventory. Its architecture comes from the Brutalist concrete architectural pedigree of Gruzen & Partners — the same firm behind Chatham Towers (1965) and a substantial NYC urban-renewal residential body of work.
Architecture and building operations
Gruzen & Partners' 1969-1971 design produced four 27-story Brutalist concrete towers plus five low-rise buildings at the Brooklyn Bridge Southwest Urban Renewal Area site. The 1,651-unit configuration distributes across the nine-building complex.
Tishman Realty & Construction built the complex. The Mitchell-Lama affordable-housing program governed ownership through 2014 when shareholders voted to privatize; the transition to market-rate cooperative ownership completed December 2015.
The Brutalist concrete architecture distinguishes the complex from peer FiDi residential — placing Southbridge Towers in a specific 1969-1971 urban-renewal cohort that includes Chatham Towers (Gruzen, 1965) and the Manhattan Community Board 1 institutional residential tradition.
Operations: 24-hour doorman; live-in superintendent; comprehensive grounds; private storage; bicycle storage.
Policy framework — verify via The Roebling Research Library
The Roebling Research Library carries 77 Gold Street and 90 Gold Street folders with offering plan documents.
- Type: Cooperative (post-Mitchell-Lama privatization 2014-2015) — board interview required
- Minimum down: Verify with managing agent
- Pied-à-terre: Verify with managing agent (some post-privatization restrictions may apply)
- Pets: Verify with managing agent
- Subletting: Board approval required
- Board interview: Required
- 2014-2015 Mitchell-Lama privatization produces structurally distinct ownership and transactional patterns
Specific policy framework should be verified against the Roebling Research Library's offering plan and house rules at engagement.
Monthly carrying charges in recent sales
- Maintenance, per room
- $241 per room a monthMedian of 89 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $1.03 per square foot a monthMedian of 28 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 27, 2026 | 8L | 2 BR · 1 BA | $860,000 | -3.9% | |
| Aug 14, 2026 | 8H | 1 BR · 1 BA | $720,000 | +0.0% | |
| Aug 14, 2026 | 24B | 1 BR · 1 BA | $750,000 | -3.2% | |
| Aug 6, 2026 | 19D | 2 BR · 1 BA | $950,000 | -4.5% | |
| Jul 15, 2026 | 21H | 1 BR · 1 BA | $660,000 | -9.0% | |
| Jun 30, 2026 | 26A | 1 BA | $486,500 | -1.7% | |
| Jun 23, 2026 | 6M | 1 BR · 1 BA | $705,000 | -2.8% | |
| Jun 8, 2026 | 20B | 1 BR · 1 BA · 750 sf | $759,000 | $1,012/sf | +1.3% |
Market read. Most recent trades (2026 to date) cleared a median $917/sf (floor-adjusted) across 8 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Feb 7, 2023 | 16H | $605,000 |
| Feb 25, 2021 | 3H | $810,000 |
| Jul 3, 2018 | 25G | $515,000 |
| Jan 27, 2017 | 3A | $475,000 |
| Mar 10, 2016 | 16B | $748,000 |
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 1-00094-0001). 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 Southbridge Towers, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 7 | $4,000 |
| 2 bedroom | 2 | $4,950 |
Also $67 per sq ft per year (3 leases that report square footage). 11 closed sublet leases, October 2023 to September 2026. Most recent lease March 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 Southbridge Towers and nearby.
At the recent median sale of $750K (58 transfers since 2024), a buyer putting 25% down would pay about $11,363 to close, or 1.5% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,363
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The 1,651-unit operational scale is among NYC's largest residential cooperatives.
The 2014-2015 Mitchell-Lama-to-market-rate privatization is real institutional history. and covered the privatization extensively.
The Gruzen & Partners Brutalist concrete architectural pedigree is real institutional context.
The Brooklyn Bridge Southwest Urban Renewal Area site provenance anchors urban-history context.
Post-privatization sales activity is growing — Roebling tracks the corridor pricing closely.
Roebling cross-references the offering plan through the Roebling Research Library during diligence — particularly important given the Mitchell-Lama privatization context.
Comparable buildings
- Chatham Towers (170-180 Park Row) — Gruzen 1965; same-architect FiDi peer
- Liberty Tower (55 Liberty) — Cobb 1909 / 1979-80 conversion; nearby FiDi cooperative peer
- 3 Hanover Square (Cotton Exchange) — Donn Barber 1922-23 / 1985 conversion; nearby FiDi cooperative peer
- 8 Spruce Street — Gehry 2011; nearby FiDi peer
- 25 Park Row — CookFox 2021; nearby City Hall / FiDi peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Financial District buildings
- 176 Broadway — 1927 co-op
- 264 Water Street — 1885 condominium
- Seaport Loft, 272 Water Street — 1867 condominium
- 273 Water Street — condominium
- 275 Water Street — 1896 co-op
- 330 Pearl Street — 1882 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
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 Southbridge Towers?
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646.939.7375 · c.cohen@compass.com