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Grand Street co-op

East River

The largest of the four Grand Street co-ops.

453, 455 and 457 FDR Drive · 473, 475 and 477 FDR Drive · 568, 570 and 572 Grand Street · 573, 575 and 577 Grand Street

East River is the largest of the four Grand Street co-ops, with about 1,500 apartments in four buildings along the FDR Drive and Grand Street. It has about 410 parking spaces, bike rooms in every building, storage, two private parks, a children's playroom, a community room and a gym that's open around the clock.

Management is on site at 453 FDR Drive, and applications go through Domecile.

Buying and subletting

Purchase application, two applicants (approx. total)
$3,695
Sublet application, two applicants (approx. total)
$1,345
Flip tax
20% of the sale price on an apartment's first sale since 1997; 5% after that
Subletting
Allowed after 2 years; no limit on total years. Surcharge is 100% of maintenance for years 1–2 and 125% for years 3–4, capped at 150%; it resets to 100% after 2 years without subletting
Trusts
An apartment can be transferred into a trust after 2 years of ownership; it can't be bought in a trust
Building questionnaire
$250, through the management office (ext. 305)
Dogs
Not allowed

Amenities

  • Two private parks
  • Parking (about 410 spaces, $205/month)
  • Bike rooms in every building ($16 per bike)
  • Storage closets on most floors ($84/month)
  • Children's playroom at 457 FDR Drive ($150/year)
  • Community room ($325 plus a $200 deposit, rented for the full day, 8 am–10 pm)
  • Gym, open 24/7 ($26.25/month)
  • Gas, water and heat included in maintenance; electricity is submetered

Governance

  • The board meets monthly, usually toward the end of the month, except August and December.
  • The annual meeting is held in December on Zoom, and meet-the-candidates nights are on Zoom.
  • The co-op declares a July–August summer recess for Local Law 58 timelines.

Last verified October 2026. Upon information and belief, based on each co-op's published information and Domecile page. Fees, policies and contacts change; please consult your attorney and confirm details with the co-op before relying on them. Fee totals assume two applicants and include application, building, credit, Domecile and registered-mail fees.

Applying soon? Read the Local Law 58 guide
Read it
Buying or selling at East River?
Talk to Jacob