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Southbridge Towers, 299 Pearl Street

Co-op located in Financial District, between Fulton Street & Frankfort Steret

Description of Southbridge Towers at 299 Pearl Street

Southbridge Towers is a cooperative complex with four 27-story towers and five low-rise buildings that hold 1,650 apartments, ranging from studios to three bedrooms. Don’t let the buildings’ reserved exteriors trick you, for Southbridge offers a number of perks that few, if any, apartment buildings in Downtown can match. A park-sized private garden, the greatest of any co-op in Downtown and one of the largest of the kind in all of Manhattan, offers lamp-lit strolling alleys, a basketball court and a private playground, which is supplemented by an indoor toddler playroom. The grounds also offer ample sunshine and fresh air for every unit, a rare perk among the densely-packed skyscraper canyons of Lower Manhattan, as well as protected views of the skyline, the East River, cobblestone streets and masted ships at the South Street Seaport, and a direct view of the Brooklyn and Manhattan bridges. These vistas are particularly pleasant when seen from one of the buildings’ many loggia-like balconies, deep-set into niches to provide a sense of coziness and shelter from stiff river breezes.

 

The co-op maintains a close-knit sense of community with an on-site adult and senior center, as well as a such a broad list of events and activities that they require a dedicated calendar on the co-op’s website. The complex also features 24-hour security, on-site building management, and even emergency generators to keep the power going in case of events like hurricane-induced ouages. Residents may store personal possessions in dedicated storage lockers, while two garages provide ample parking.

 

Southbridge Towers sits in a prime Downtown location. The South Street Seaport across the street offers shopping, dining, cultural institutions, and events that include rooftop concerts at Pier 17. Vibrant neighborhoods of Chinatown and Tribeca lie within walking distance to the north. Residents that work in the Financial District may commute to the office on foot, while the nearby Fulton Transit Center connects the 2, 3, 4, 5, A, C, E, J, N, R, W, and Z trains, putting Midtown and Downtown Brooklyn within a 15-minute commute, and the rest of the city within convenient reach.

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Building Facts

  • Year Built: 1971
    Building Type: Co-op
    Neighborhood: Financial District (Manhattan)
    Minimum Down: 20%
  • Total Apartments: 164 164
    Total Floors: 6
    Pets: Allowed
    Total Floorplans:

Apartment Pricing Stats

Avg. Price / ft2

Building Amenities

  • High-Rise
  • Post War
  • Resident Storage
  • Garden
  • Washer/Dryer in building
  • Elevator
  • Children's Playroom
  • On-Site Parking
  • Sports Court
  • Terraces / Balconies

Apartments for Sale at 299 Pearl Street View history of all units

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Southbridge Towers: Rating

26
Out of 44

Architecture Rating: 26 / 44

+
29
Out of 36

Location Rating: 29 / 36

+
12
Out of 39

Features Rating: 12 / 39

+
8
=
75

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #3 Rated co-op - FIDI - BPC
  • #3 Rated co-op - Financial District
 

Carter Horsley's Review of Southbridge Towers

Carter Horsley's Building Review
"This low-rise structure is part of the attractive, 9-building complex known as Southbridge Towers that contains 1,651 apartments and was erected in 1971 by Tishman Realty & Construction Company.

Five of the buildings are six stories high and the other four at 27 stories high.  It is to the west of the South Street Seaport." Read Carter's Full Review
Pros
  • Garage
  • Extensive landscaping
  • Convenient to the Financial District
  • Near City Hall
  • Very near the South Street Seaport
  • Some views of Brooklyn Bridge
  • Close to Subway
Cons
  • Many apartments
  • No fitness center
  • No doorman
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Subways

  1. J
  2. Z
  3. 2
  4. 3
  5. 4
  6. 5
  7. A
  8. C
at William 0.20 miles
  1. 6
at Centre and Reade 0.29 miles
  1. R
at Broadway and Warren 0.37 miles
  1. 1
  2. E
at Broadway 0.43 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$745,952
Avg. Price
Based on 21 Sales
 

Closing History - Last 10 sales

10
Units Sold
$470K - $945K
Price Range
$906
Avg. Price / ft2

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