The New Theatre
240 East 10th Street, New York, NY 10003
East Village
BBL 1004517502 · BIN 1085794
- Year built
- 1999
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2002–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,712
- Listing discount
- 2.0%
- Recorded sales
- 61
- On record
- 2002–2026
The New Theatre Building at 240 East 10th Street is one of the East Village's few full-service condominiums — a 15-story residential tower built in 1999 atop the historic Theater for the New City, at the corner of East 10th Street and First Avenue. Designed by SLCE Architects, it is a rare thing in a low-rise neighborhood: a doorman building with a roof deck and outdoor space on almost every home, in a part of the city defined by walk-ups and tenements.
The building's identity is literally built on culture. Below the residences sits one of New York's longest-running community theaters, and the condominium rises above it — giving the building a name, a story, and a streetscape role that a generic tower would not have. With 35 contemporary residences in two-, three-, and four-bedroom layouts, almost all with private outdoor space, it is scaled for buyers who want room, light, and full service without leaving the East Village.
For buyers, the case is straightforward: doorman-building convenience, private outdoor space, and larger family-sized homes, in a neighborhood where all three are scarce.
Architecture and unit composition
SLCE's design is a clean, contemporary tower that steps back to create the terraces and balconies that define the building — the reason nearly every home has private outdoor space. Rising 15 residential floors above the theater base, it gives the corner a vertical presence on a block of low-rise buildings, with the open eastern light the height affords.
The 35 residences are configured as two-, three-, and four-bedroom homes — larger and more family-oriented than the East Village norm — with the private terraces and balconies that distinguish the building. New construction for its era delivered contemporary ceiling heights, systems, and layouts, and the boutique count keeps the building intimate. One commercial unit rounds out the condominium alongside the residences.
Building operations
The New Theatre runs as a full-service condominium — a genuine rarity in the East Village. A 24-hour doorman staffs the lobby, a full-time superintendent handles building needs, and residents have a common roof deck and private storage. The combination of doorman service and pervasive private outdoor space is the building's core draw.
As a condominium, ownership is flexible. Purchases clear through a condominium right-of-first-refusal rather than a co-op board interview, financing is not capped the way it is at co-ops, and pied-à-terre, investor, and LLC purchases are customary. Common charges, transfer provisions, and house rules follow the building's offering plan, which we help buyers read.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $3,027/yr
- Per unit / month range
- $0 – $7
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jan 15, 2026 | 8A | 2 BR · 2 BA · 1,340 sf | $2,370,000 | $1,769/sf | -1.0% |
| Jul 3, 2025 | 4B | 2 BR · 2 BA · 1,145 sf | $1,875,000 | $1,638/sf | +0.0% |
| Jun 13, 2025 | 4A | 2 BR · 2 BA · 1,340 sf | $1,660,000 | $1,239/sf | +0.0% |
| Apr 11, 2025 | 5D | 2 BR · 2 BA · 1,100 sf | $1,490,000 | $1,355/sf | -2.3% |
| Aug 9, 2024 | 11B | 2 BR · 2 BA · 1,145 sf | $1,960,000 | $1,712/sf | -2.0% |
| Apr 1, 2024 | 3D | 2 BR · 2 BA · 1,100 sf | $1,449,000 | $1,317/sf | +0.0% |
| Nov 1, 2023 | 10C | 3 BR · 2 BA · 1,496 sf | $2,250,000 | $1,504/sf | +0.0% |
| May 25, 2023 | 8C | 2 BR · 2 BA · 1,496 sf | $1,960,000 | $1,310/sf | -6.7% |
Market read. Most recent trades (2026) cleared a median $1,712/sf across 1 sale. Median listing discount 2.0% 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.
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 1-00451-7502) 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 full-service East Village condominium with the flexibility the structure implies. Financing is not capped the way it is at co-ops, the purchase process is condominium-standard — a right-of-first-refusal rather than a board package — and pied-à-terre and investor purchases are customary. The standout features are doorman service and private outdoor space on nearly every home, plus larger family layouts. Confirm which terrace comes with the unit you want and how the outdoor space is configured, and read the offering plan for common charges and the tax picture. For a buyer who wants doorman convenience and room in the East Village, options are few — this is one of them.
What to know if you’re selling
Lead with the rarity. A full-service doorman building with private outdoor space and family-sized homes is genuinely uncommon in the East Village — that is the headline. Benchmark to the small set of East Village condominiums with doormen and outdoor space, not to walk-up inventory, since the service and terraces set this building apart. The condominium structure speeds the close through a right-of-first-refusal. Position the homes with the best terraces and light accordingly, and lean on the building's distinctive identity above a beloved neighborhood theater.
Comparable buildings
If you're considering The New Theatre, also look at these nearby East Village and downtown options:
- 28 East 10th Street — Village/East Village cooperative nearby
- 70 East 10th Street — full-service building near Astor Place
- 438 East 12th Street — S9 Architecture's 2017 Manhattan condominium
- 196 Orchard Street — Ismael Leyva Architects's 2018 Manhattan condominium
- 87 St. Marks Place — East Village boutique building
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across East Village + NoHo — read The Roebling Team Guide to East Village + NoHo.
Considering a move at The New Theatre Building?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The New Theatre Building 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.