The New Theatre

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.

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.

The live sales record is auto-generated on this site's /sales view from the building's BBL. As a 35-unit condominium, the building turns over at a modest cadence — a few resales in a typical year, with inventory often thin given the rarity of full-service, family-sized homes in the neighborhood. Pricing reflects the premium that doorman service, outdoor space, and larger layouts command in the East Village condominium segment. Treat any specific figure as something to confirm against the current recorded record.

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.

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.

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 — East Village condominium
• 196 Orchard Street — Lower East Side condominium
• 87 St. Marks Place — East Village boutique building

The Roebling Team at Compass works across the East Village and NoHo, the Lower East Side, and downtown Manhattan, with particular focus on the rare full-service condominiums that anchor these low-rise neighborhoods. We publish this profile because buyers and sellers at buildings like The New Theatre deserve building-specific intelligence — the service, the outdoor space, the condominium mechanics, and where the pricing sits.

If you're considering a purchase or sale at 240 East 10th Street, a 30-minute consultation is the right starting point.