Condominium · 1909
The Police Building
240 Centre Street, New York, NY 10013
Buildings·Condominium

The Police Building

240 Centre Street, New York, NY 10013

At a glance
Year built
1909
Type
Condominium
Landmark
Designated
The Data Room

Every recorded sale at this building, 2005–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$1,566
Listing discount
6.2%
Recorded sales
50
On record
2005–2026

There is no other residential address in New York quite like 240 Centre Street. Built in 1909 by Hoppin & Koen as the headquarters of the New York City Police Department, it is a full-block Beaux-Arts monument — limestone and granite, ornamented in a mix of Baroque and Renaissance Revival detail, and crowned by a copper dome that still reads as a landmark from across SoHo and Little Italy. The NYPD occupied it until 1973; in the late 1980s it was converted into one of downtown's most distinctive condominiums, the Police Building Apartments.

The conversion preserved the civic grandeur that makes the building famous. Homes were carved out of the old headquarters' monumental rooms, and the most coveted residences incorporate the original architecture directly — soaring columns, arched openings, and, at the very top, spaces beneath the dome itself. The building is a designated New York City landmark and is listed on the National Register of Historic Places, which protects the exterior and the silhouette that anchors the neighborhood.

For buyers, the appeal is twofold: the unrepeatable character of living inside a landmark, and the practical advantages of condominium ownership — flexible financing, a lighter approval process, and the privacy and security the building has been known for since it was the most secure address in the city.

Architecture and unit composition

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.

Building operations

The Police Building runs as a full-service condominium 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.

As a condominium, ownership is flexible: financing is straightforward, purchases clear through a right-of-first-refusal rather than a co-op board package, and pied-à-terre, LLC, trust, and investor purchases are customary at this tier. Common charges and real estate taxes are billed separately. 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.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$36,590/yr
Per unit / month range
$0 – $56
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

DateUnitApartmentPricePPSFvs. Ask
Apr 9, 20263J
2 BR · 2 BA · 1,500 sf
$2,325,000$1,550/sf-3.1%
Apr 30, 20252M
2 BR · 2.5 BA · 1,300 sf
$2,229,500$1,715/sf-31.4%
Dec 18, 20242J
2 BR · 2 BA
$2,475,000-0.8%
Oct 26, 20224B
2 BR · 2.5 BA
$4,100,000-6.7%
Sep 1, 20223A
2 BR · 2.5 BA
$2,900,000-3.2%
Aug 30, 20222A
2 BR · 2.5 BA
$3,100,000-11.4%
May 13, 20223G
3 BR · 3 BA · 2,500 sf
$3,850,000$1,540/sf-9.4%
May 4, 20222J
2 BR · 2 BA
$2,400,000-9.4%

Market read. Most recent trades (2026) cleared a median $1,566/sf across 1 sale. Median listing discount 6.2% 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.

2A+85%
$1,680,000 2014$3,100,000 2022
4B+71%
$2,400,000 2013$4,100,000 2022
2N · 1,000 sf+23%
$1,575,000 ($1,575/sf) 2014$1,940,000 ($1,940/sf) 2019
2L+22%
$1,200,000 2008$1,468,000 2014
2D+19%
$1,600,000 2020$1,900,000 2023

Other recent transfers

DateUnitPrice
May 10, 20232D$1,900,000
Dec 18, 20194J$1,556,170
Sep 7, 20174J$2,850,000
Sep 29, 20156B/6D$4,100,000
Dec 23, 20133F$4,150,000
May 31, 20136N$2,800,000
View all 50 recorded sales, sortable

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 1-00472-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.

What to know if you’re buying

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 condominium structure favors buyers — flexible financing, a right-of-first-refusal rather than a board interview, and customary pied-à-terre and investor ownership. 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.

What to know if you’re selling

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. Benchmark to the building's own distinctive trades and to top-tier SoHo–Nolita condominiums rather than to conventional inventory. A resale clears through a right-of-first-refusal on a faster, more predictable timeline than a co-op, and the building's landmark status and privacy are themselves selling points to the buyer this address attracts.

Comparable buildings

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

The Roebling Team at The Police Building

The Roebling Team at Compass specializes in downtown Manhattan — Greenwich Village, Tribeca, and the SoHo–Nolita corridor — and the broader landmark and loft condominium market. We publish this profile because buyers and sellers evaluating a one-of-a-kind landmark like The Police Building deserve building-specific intelligence — the architecture, the unit-by-unit character, the amenity program, and where the pricing sits within downtown's distinctive inventory.

If you're considering a purchase or sale at The Police Building, a 30-minute consultation is the right starting point.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com