The Police Building

The exterior is the building's permanent signature: a richly modeled Beaux-Arts pile in limestone and granite, wrapping the irregular block where Centre, Grand, and Broome converge, and topped by the copper dome that gives it its skyline presence. As a designated landmark, that envelope is preserved.

Inside, the 54 residences vary widely because they were fitted into a monumental civic structure rather than a purpose-built apartment house. Layouts range from intimate homes to expansive lofts, and the most sought-after units retain dramatic original elements — full-height columns, arched windows, and the curved spaces under the dome. Ceiling heights, light, and architectural character differ markedly from unit to unit; this is a building where each home is genuinely distinct, and the trophy residences are unlike anything in conventional inventory.

The Police Building runs as a full-service building with a 24-hour doorman, concierge service, and a live-in resident manager — a level of privacy and security that has long been part of the building's identity. Shared facilities include a fitness room and private storage, with the building's architecture itself serving as its defining amenity.

The apartments are held as shares in 240 Centre St. Corp., the cooperative that owns the residential unit of the building's condominium. Financing limits, board approval and pied-à-terre, LLC, trust or investor purchases follow the cooperative's rules; confirm them, and how maintenance and real estate taxes are billed, before contract. The location is among downtown's best for walking — at the meeting point of Nolita, Little Italy, and SoHo, with the neighborhood's restaurants, galleries, and boutiques at the door and broad subway access a block or two away.

Recent sales

Recent closings 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.

Market read. Most recent trades (2026 to date) cleared a median $1,558/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 3.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00472-7501; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.

This is a landmark conversion, so no two homes are alike — diligence is unusually unit-specific. Pay close attention to the home's ceiling height, light, and whether it incorporates original architectural elements, which materially affect both livability and value. Because the building is landmarked, exterior changes are constrained; interior renovations should be evaluated against the board's rules and the building's structure. The residential cooperative’s rules govern financing, purchaser review, pied-à-terre and investor use; confirm them in the proprietary lease, bylaws and current application requirements. Review the building's financials; a small, full-service landmark carries real operating and maintenance costs. The location, at the convergence of three of downtown's most desirable neighborhoods, is a durable value anchor.

You are selling something genuinely unrepeatable — a home inside a domed Beaux-Arts landmark that was once the headquarters of the NYPD. Lead with the architecture and the provenance, and if the home incorporates original columns, arches, or dome spaces, make those the centerpiece, because they have no direct comparables. Compare relevant in-building and SoHo–Nolita sales, adjusting for cooperative ownership, layout, condition and architectural features. Confirm the residential cooperative’s review requirements and current timing before setting a closing schedule, and describe the landmark’s architecture and the specific apartment’s access arrangements.

If you're considering The Police Building, also evaluate these downtown landmark and loft peers:

• 270 Broadway — pre-war lower-Manhattan condominium
• 261 Broadway — Tribeca residential alternative opposite City Hall; verify ownership structure
• 233 Broadway — the Woolworth Tower Residences
• 25 North Moore Street — The Atalanta, a Tribeca warehouse loft conversion