The New Theatre
240 East 10th Street, New York, NY 10003
BBL 1004517502 · BIN 1085794
- Year built
- 1999
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Full-time doorman
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, 2026 to date
- $1,583
- floor-adjusted, 2 sales
- Listing discount
- 2.3%
- Recorded sales
- 61
- On record
- 2002–2026
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.
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, purchases clear through a condominium right-of-first-refusal rather than a co-op board interview. Confirm financing limits and pied-à-terre, investor and LLC purchase rules in the current declaration and bylaws. Common charges, transfer provisions, and house rules follow the building's offering plan, which we help buyers read.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $878 per room a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.84 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.58 per square foot a monthMedian of 12 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.24 per square foot a monthMedian of 12 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Roof deck, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $20,127/yr
- Per unit / month range
- $0 – $48
- Modeled exposure split equally across 35 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) 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 — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 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 data last refreshed October 2026.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 11, 2026 | 10B | 1 BR · 2 BA · 1,145 sf | $1,800,000 | $1,572/sf | -16.3% |
| 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% |
Market read. Most recent trades (2026 to date) cleared a median $1,583/sf (floor-adjusted) across 2 sales. 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 2.3% 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; 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The New Theatre Building and nearby.
At the recent median sale of $1.8M (5 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $74,118 to close, or 4.1% of the price.
- Mansion tax: $18,000
- Mortgage recording tax: $25,988
- Title insurance: $8,100
- Attorneys, lender, building fees, reserves and filings: $22,030
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 full-service East Village condominium. The purchase process is condominium-standard — a right-of-first-refusal rather than a co-op board interview; confirm financing limits and pied-à-terre and investor rules in the declaration and bylaws. 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 means no co-op board admission; purchases run through a right-of-first-refusal process. 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
More East Village buildings
- 227 East 7th Street — 2013 condominium
- 232 East 6th Street — 1929 co-op
- 240 East Houston Street (Houston Place) — 1920 condominium
- 242 East 7th Street — 1908 co-op
- 253 East 7th Street — 2018 condominium by Isaac & Stern Architects
- 256 East 4th Street — condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across East Village — read The Roebling Team Guide to East Village.
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.
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.
646.939.7375 · c.cohen@compass.com