140 East 40th Street
140 East 40th Street, New York, NY 10016
BBL 1008950066 · BIN 1019486
- Year built
- 1930
- Type
- Cooperative
- Units
- 99
- Floors
- 13
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Studio median
- $370K
- Recent range
- $350K – $815K
- Listing discount
- 3.6%
- Recorded transfers
- 107
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 140 East 40th Street 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.
140 East 40th Street is one of Manhattan's best-preserved Art Deco cooperatives — a 1930–31 building by Bien & Prince, the same firm behind the Carlyle Hotel. It sits in the heart of Murray Hill, a short walk from Grand Central, with an intact period lobby featuring a silvered frieze and a 1930s fireplace.
The building's appeal is architectural: it is a genuine Deco survivor in a neighborhood where much of the housing stock is postwar. Buyers who value original detail and a landscaped roof deck with Empire State Building views find it distinctive at an accessible price point.
Architecture and building operations
Built in 1930–31 and converted to cooperative ownership in 1980, the thirteen-story Art Deco building retains its original lobby detailing. Operations include an attended lobby (part-time security rather than a full 24-hour doorman), a live-in superintendent, new elevators, central laundry, extensive storage, and a landscaped roof deck with Empire State Building views.
Inventory runs from studios through larger multi-room layouts.
Policy framework
- Type: Cooperative — board interview required
- Pets: Cats generally permitted; dogs not permitted
- Pied-à-terre: Permitted
- Co-purchasing: Permitted
- Subletting: Verify current board policy
- Flip tax: Verify
- Board interview: Required
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Sublet fee 30% of annual maintenance
- Pied-à-terre
- Permitted
- Notable fees
- Max financing 80%; dogs not permitted
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 |
|---|---|---|---|---|---|
| Jul 23, 2025 | 9D | 2 BR · 1 BA | $532,000 | -1.3% | |
| Jul 23, 2025 | 5H | 1 BA · 425 sf | $370,000 | $871/sf | +0.0% |
| Apr 11, 2025 | 3G | 1 BA | $370,000 | -6.3% | |
| Jan 7, 2025 | 2AB | 2 BR · 2 BA | $815,000 | -8.9% | |
| May 6, 2024 | 10A | 1 BR · 1 BA | $515,500 | -0.7% | |
| Mar 18, 2024 | 9H | 1 BA | $370,000 | -2.6% | |
| Sep 22, 2023 | 1B | 1 BA · 557 sf | $375,000 | $673/sf | -3.6% |
| Aug 23, 2023 | 6J | 1 BA | $350,000 | -4.9% |
Market read. Most recent trades (2025) cleared a median $882/sf (floor-adjusted) across 1 sale. 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 2.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Sep 1, 2010 | 5C | $150,000 |
| Jul 2, 2003 | 12E | $485,000 |
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 1-00895-0066). 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 140 East 40th Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 8 | $2,922 |
| 1 bedroom | 4 | $3,525 |
Also $77 per sq ft per year (4 leases that report square footage). 12 closed sublet leases, October 2023 to September 2026. Most recent lease July 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $532K (4 transfers since 2024), a buyer putting 25% down would pay about $10,545 to close, or 2.0% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,545
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
This is a genuine Art Deco cooperative. Bien & Prince — the Carlyle Hotel firm — designed it in 1930–31, and the lobby detailing survives.
The roof deck is a real amenity. The landscaped roof deck delivers Empire State Building views, unusual for a building at this price point.
Note the pet policy. Dogs are not permitted; cats generally are.
The building runs on an attended lobby, not a full doorman. Factor the service level into your comparison with full-doorman peers.
Comparable buildings
- 303 East 57th Street (The Excelsior) — Birnbaum 1967; postwar Midtown East cooperative
- 141 East 55th Street — 1956 mid-century Midtown East condominium
- 227 East 44th Street — 2014 new-construction Midtown East condominium
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.
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.
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