- Year built
- 1930
- Type
- Cooperative
- Units
- 20
- Floors
- 4
- Landmark
- No
- Pets
- Confirm current house rules at offer stage
- Subletting
- Historically permitted; set by board policy — confirm at offer stage
Every recorded sale at this building, 2007–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Listing discount
- 0.0%
- Recorded transfers
- 11
240 East 32nd Street is a small pre-war cooperative in the middle of Kips Bay, mid-block between Second and Third Avenues. Built in 1930, it is a four-story elevator building with just 20 apartments — the kind of quiet, human-scaled co-op that keeps carrying costs sensible and the ownership base settled.
The proposition here is value and location. Kips Bay sits between Gramercy and Murray Hill, close to the NYU Langone medical campus, Trader Joe's, and the crosstown access at 34th Street, with Grand Central a short walk north. For the buyer who wants a genuine pre-war address at an accessible entry point — studios and one-bedrooms rather than trophy layouts — the building is a straightforward, sensibly run choice.
Building operations
The cooperative runs lean for its size: an elevator, a basement laundry room, private storage, and superintendent service, with no full-time doorman — appropriate and cost-efficient for a 20-unit pre-war building, and a meaningful factor in keeping maintenance contained.
As a cooperative, ownership is by shares rather than deed: purchases require board approval and a board interview, financing is capped at a board-set percentage, and pied-à-terre, sublet, gifting, and guarantor arrangements are evaluated case by case. The building has historically permitted subletting. Confirm the current pet policy, financing maximum, any flip tax, and sublet terms with the board at offer stage.
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
- Notable fees
- Max financing 80%; alteration security deposit 10-15% of total cost
Recent sales
Co-op pricing is read on a per-room basis, and 240 East 32nd trades as an entry-level pre-war cooperative — modest carrying costs and the value a co-op structure offers relative to condominiums. With only 20 residences and a studio/one-bedroom mix, resale volume is thin, with a small number of closings in an active year. When underwriting a purchase or a list price, capture the room count, the floor, the exposure, and renovation condition rather than relying on a neighborhood average. Genuinely variable financial figures should be confirmed at offer stage.
Recent transfers 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 |
|---|---|---|---|---|---|
| Jun 10, 2022 | 4B | 1 BR · 1 BA | $699,000 | +0.0% | |
| Jul 13, 2021 | 4C | 1 BA | $390,000 | +0.3% | |
| Aug 1, 2019 | 4B | 1 BR · 1 BA | $580,000 | +0.0% | |
| Sep 5, 2014 | 1C | $375,000 | -9.6% | ||
| May 30, 2014 | 2D | $275,000 | -15.4% | ||
| Oct 22, 2013 | 4D | $275,000 | +2.8% | ||
| Sep 11, 2007 | 4C | 1 BR · 400 sf | $300,000 | $750/sf | -6.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2007): a median $750/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 0.0% from the last ask.
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 1-00912-0043) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
This is a cooperative, so the path is a board package and interview, a financing cap set by the board, and underwriting of the building's financials and house rules. Read the rules on the points that matter to you — the pet policy, financing maximum, and sublet terms — and review the co-op's reserve and any planned capital work given the building's age. The reasons to buy are the address and the value: a real pre-war Kips Bay co-op at a cost structure well below the doorman condominiums nearby.
What to know if you’re selling
The story is the pre-war character and the price point. The 1930 architecture, the intimate 20-unit scale, and the central Kips Bay location sell to a specific buyer who wants a pre-war address without a trophy budget. Pricing is an apartment-specific exercise: room count, floor, light, and condition drive the number more than any block average. We position the building's flexible ownership policies, prepare the buyer for the co-op process, and benchmark against the right comparable tier of boutique pre-war cooperatives.
Comparable buildings
If you're considering 240 East 32nd Street, also look at these nearby Gramercy, Kips Bay, and Murray Hill buildings:
- 151 East 20th Street — boutique building in the Gramercy corridor
- 324 East 35th Street — pre-war cooperative nearby
- 105 East 19th Street — pre-war Gramercy cooperative
- 434 East 58th Street — boutique cooperative nearby
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at 240 East 32nd Street?
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 240 East 32nd 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.