240 East 15th Street
240 East 15th Street, New York, NY 10003
BBL 1008967501 · BIN 1019518
- Year built
- 1851
- Type
- Condominium
- Units
- 16
- Floors
- 4
- Landmark
- In a historic district
- Pets
- Pets permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2007–2022
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,021
- Listing discount
- 1.3%
- Recorded sales
- 11
- On record
- 2007–2022
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 240 East 15th Street 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.
240 East 15th Street is a rare thing in the Manhattan condominium market: a genuinely historic building. Its origins trace to 1851, when a matched pair of Italianate houses rose facing Stuyvesant Square — the adjacent No. 242 was built as the Theodore Crane House, a four-story mansion above an English basement with a high stoop, an arched double-doored entrance, and classical detailing typical of the period. Today the property sits within the Stuyvesant Square Historic District and has been converted into a boutique 16-residence condominium.
What buyers respond to here is the combination of a protected historic setting and condominium ownership. Facing the greenery of Stuyvesant Square rather than a busy avenue, the building offers the scale and character of mid-19th-century Manhattan with the flexibility and modest carrying costs of a small, low-amenity condominium. This is a low-rise, four-story building — quiet, human-scaled, and set on one of Gramercy's most atmospheric park-facing blocks.
The building is for buyers who want historic character and a park-facing Gramercy address in a boutique condominium, not a full-service tower.
Architecture and unit composition
The architecture is authentically mid-19th-century Italianate. The 1851 origins — the high stoop, the arched entrance, the classical brackets and proportions of the Crane House and its twin — define the building's exterior character, which is protected by its position within the Stuyvesant Square Historic District. Over time the historic houses were combined and, in 2007, converted into the present 16-residence condominium; the property's building records carry a later rebuild date alongside its 1851 origin.
Inside, the 16 residences range from compact homes to units with private landscaped outdoor space, reflecting the constraints and charms of a historic low-rise conversion. Floor, exposure, layout, ceiling character, and any private outdoor access drive value here far more than any building average. The four-story scale and the park-facing setting give the building a distinct, quiet character within the Gramercy condominium market.
Building operations
240 East 15th Street operates as a boutique, low-amenity condominium: resident storage and a bike room (for a fee), a voice intercom, and private outdoor space for select units. There is no doorman, gym, or elevator of the full-service type — this is a four-story historic walk-up-scale building, and the amenity set and common charges are correspondingly modest. That is a genuine feature for buyers who prize character and low carrying costs over services. Buyers should still model the full monthly carry and review reserves and any capital history during due diligence, which is especially prudent for a historic building where façade and mechanical maintenance are ongoing considerations.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Management & transfer contacts
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
- Notable fees
- Pets allowed (board consent, max 2); no in-unit W/D; AirBnB not allowed
Recent sales
As a condominium, 240 East 15th Street prices on a price-per-square-foot basis, with floor, exposure, layout, ceiling character, private outdoor space, and condition supporting premiums. Turnover is light for a boutique building of this size; both resale and owner-rental activity occur, but it is an ownership condominium, not a rental building. Apartment-level context — layout, light, outdoor access, and the quality of the individual renovation — drives pricing more than any building average, and the historic character and park-facing Stuyvesant Square location support pricing for residences that present well.
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 |
|---|---|---|---|---|---|
| Jul 3, 2012 | 2 | 1 BR · 730 sf | $745,000 | $1,021/sf | -4.4% |
| Mar 4, 2008 | 1 | 2 BR · 1,198 sf | $1,135,265 | $948/sf | -1.3% |
| Dec 10, 2007 | 2421 | 1,729 sf | $1,756,481 | $1,016/sf | off-mkt |
| Dec 5, 2007 | 2422 | 953 sf | $532,245 | $558/sf | off-mkt |
| Dec 5, 2007 | 2427 | 746 sf | $402,209 | $539/sf | off-mkt |
| Dec 5, 2007 | 2404 | 1,463 sf | $966,625 | $661/sf | off-mkt |
| Nov 13, 2007 | 2408 | 720 sf | $559,019 | $776/sf | off-mkt |
Market read. $/sf is measured on the latest sales with reliable square footage (2012): a median $1,021/sf (recorded) across 1 sale. The building has traded as recently as 2022. Median listing discount 1.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-00896-7501). 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.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
This is a genuinely historic building. An 1851 Italianate house within the Stuyvesant Square Historic District — character, scale, and a protected setting that a modern condominium cannot replicate.
The park frontage matters. Facing the greenery of Stuyvesant Square rather than an avenue is a real amenity and supports value.
Amenities are modest — that's the trade. No doorman or gym; storage, a bike room, and low common charges instead. Confirm the specifics for your situation.
Private outdoor space is unit-specific. Some residences have landscaped patios or gardens; verify what conveys with any given apartment.
Historic maintenance is a real consideration. For a building of this age, façade and mechanical upkeep should be reviewed carefully during due diligence.
Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines.
Mansion tax thresholds apply. At this building's pricing, the $1M and $2M cliffs can be in play. Run pricing through the Mansion Tax Calculator.
Variable board financial policy — confirm at offer stage. Financing percentages and any sublet terms specific to your situation should be confirmed in writing before you commit.
What to know if you’re selling
Lead with the history and the park. An 1851 Italianate house on Stuyvesant Square is a specific, marketable story; foreground the character and the setting.
Pricing requires apartment-level comps. With 16 residences of varying layout and outdoor access, the individual apartment drives the number.
Present the character. Photography that reads the period detail, the ceiling character, and any private outdoor space supports price.
Comparable buildings
If you're considering 240 East 15th Street, also evaluate these nearby Gramercy and Stuyvesant Square condominiums:
- 210 East 15th Street — nearby Gramercy condominium
- 230 East 15th Street — directly nearby Gramercy condominium
- 200 East 16th Street — nearby Stuyvesant Square condominium
- 203 East 16th Street — nearby Stuyvesant Square condominium
- 200 East 20th Street — nearby Gramercy condominium
More Gramercy buildings
- 233 East 17th Street — 1877 condominium by Charles Coolidge Haight
- 234 East 23rd Street — 2015 condominium by Hill West Architects
- The Gramercy House (235 East 22nd Street / 381 Second Avenue) — 1931 co-op by George and Edward Blum
- 250 East 21st Street — 2021 condominium by Isaac & Stern Architects
- 267 Third Avenue (Quaker Ridge) — 1962 co-op
- 280 Third Avenue — 2012 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
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.
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