Southbridge Towers

Southbridge Towers is a Co-op located 299 Pearl Street, in Financial District, New York. The building was first built in 1971 and is 53 years old. The lot that the building was built on is 610 feet wide and 526 feet long. The official lot area is listed as 357,935 square feet. The building itself is 210 feet wide and 45 feet long. In total, 299 Pearl Street has a total floor area of 2,163,399 square feet. Of that, 1,869,955 square feet are used for residential purposes. About 293,444 square feet of the building are used for commercial purposes. Additionally, the building has a 221,622 square feet garage. There are a total of 1,652 units. Of those, 1,641 are residential units. There are eleven commercial units. 299 Pearl Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's patio. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 26 closings on record, of which we have matching data for 13 listings. In the past 3 years, a listing in this building will typically remain on the market for about 138 days Meaning, listings tend to sell at a median of $975 price per square foot. The transaction that took the longest to complete was unit 4K, listed on Feb 16, 2021 for $999,000. This particular unit ultimately sold 265 days later for $949,000. The most recent transaction was for unit 5M, which was first advertised on Jun 28, 2023, sold for $945,000 on Nov 09, 2023. Fun fact, the oldest transaction we have on record took place on Oct 26, 1967. See the full transaction history for Southbridge Towers below.

Financial District, where 299 Pearl Street is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $949,000. For interested buyers, that means the building's median asking price is around 0.21% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $885,000. It is a 2-bedroom and 1-bathroom unit.