250 East 40th Street (The Highpoint)
250 East 40th Street, New York, NY 10016
Murray Hill
BBL 1009207501 · BIN 1076162
- Year built
- 1988
- Type
- Condominium
- Units
- 232
- Floors
- 48
- Landmark
- No
- Pets
- Permitted under approximately 25 lb; some dog breeds restricted — confirm at offer stage
- Subletting
- Permitted under condominium rules — confirm current policy at offer stage
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,071
- Listing discount
- 2.5%
- Recorded sales
- 241
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Highpoint 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 Highpoint is a 48-story condominium at the eastern edge of Murray Hill, a few blocks from Grand Central Terminal, the United Nations, and the Queens-Midtown Tunnel. Completed in 1988 and developed by East/West Venture (Haseko) to a design by Wechsler, Grasso, Menziuso, the building belongs to the generation of late-1980s Manhattan condominiums built with amenity packages aimed squarely at the professional buyer — and it carries two features that continue to distinguish it in the Murray Hill market: an indoor swimming pool, which is genuinely rare in NYC residential buildings, and private balconies on most apartments.
The building's slender massing and corner windows produce open city and East River exposures from its upper floors, and its height — tall for its immediate context — gives many units long sight lines in a neighborhood otherwise built to a lower scale.
Architecture and unit composition
The 232 residences run from studios to three-bedrooms across 48 floors. The tower's design places windows at the building corners and steps its massing to maximize light and view exposure; most apartments open onto private balconies, a defining amenity for the building. Upper-floor units carry open city and East River views. Sizes and layouts reflect the building's late-1980s vintage — efficient, well-proportioned, and geared to a mix of primary-residence and pied-à-terre buyers.
Building operations
The Highpoint operates as a full-service condominium with a 24-hour doorman and concierge. Its amenity set is unusually deep for the neighborhood and price point: an indoor swimming pool, a fitness center with sauna and steam rooms, a children's playroom, and bike and private storage. Carrying costs follow the ordinary condominium structure — common charges and real property taxes — and the pool and staff support are the principal drivers of the building's common-charge level. Buyers should obtain current figures and review the building's financials and reserve position during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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 engineer 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 — 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. City record last verified September 2026.
Recent sales
The Highpoint trades as a full-amenity Murray Hill condominium. The indoor pool and private balconies are the building's principal pricing differentiators against peer Murray Hill and Midtown East condominiums, most of which offer neither. Within the building, floor, exposure, view, and balcony configuration drive the variation; current apartment-level comparable analysis is the right basis for any pricing decision.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|---|---|---|
| Sep 18, 2026 | 22F | 1 BR · 1.5 BA · 883 sf | $975,000 | $1,104/sf | +0.0% |
| Jun 8, 2026 | 10A | 1 BR · 1 BA · 672 sf | $840,000 | $1,250/sf | off-mkt |
| Jun 5, 2026 | 21C | 1 BA · 447 sf | $600,000 | $1,342/sf | -3.2% |
| May 18, 2026 | 30F | 1 BR · 1.5 BA · 883 sf | $975,000 | $1,104/sf | +0.0% |
| Apr 15, 2026 | 17F | 1 BR · 1.5 BA · 883 sf | $888,000 | $1,006/sf | -1.2% |
| Jan 22, 2026 | 5A | 1 BR · 672 sf | $725,000 | $1,079/sf | off-mkt |
| Nov 24, 2025 | 22B | 2 BR · 2 BA · 1,002 sf | $1,050,000 | $1,048/sf | -8.7% |
| Oct 22, 2025 | 16F | 1 BR · 1.5 BA · 883 sf | $1,100,000 | $1,246/sf | -4.3% |
Market read. Most recent trades (2026) cleared a median $1,071/sf (floor-adjusted) across 6 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 2.5% 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 1-00920-7501). 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.
At the recent median sale of $888K (9 sales since 2024), a buyer putting 25% down would pay about $32,893 to close, or 3.7% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,821
- Title insurance: $3,996
- Attorneys, lender, building fees, reserves and filings: $16,077
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
The pool and balconies are the differentiators. Few Murray Hill condominiums offer an indoor pool, and the private-balcony feature is a genuine amenity — factor both into value.
Confirm the pet policy. The building's weight limit and breed restrictions are more specific than at some peers; confirm the current policy against any specific plans.
Views scale with floor. Upper-floor units carry open city and East River exposures; confirm exposure and view permanence for any specific apartment.
Condo flexibility applies. 30–45 day closings are typical; pied-à-terre and investor use are generally permitted — confirm current policy at offer stage.
What to know if you’re selling
Lead with the amenities. The indoor pool and private balconies are the building's clearest points of distinction; make them central to the marketing.
Price at the apartment level. Floor, exposure, view, and balcony configuration drive substantial variation across the building's 232 units.
Grand Central proximity is a genuine draw. The building's location near Grand Central, the UN, and the Midtown Tunnel serves commuters and international buyers alike.
Comparable buildings
If you're considering 250 East 40th Street, also evaluate:
- 400 East 54th Street (The Revere) — full-service Sutton Place condominium with on-site garage
- 966 First Avenue (Sutton Manor) — Midtown East condominium with attached garage and fitness center
- 132 East 35th Street (Murray Hill House) — full-service Murray Hill cooperative with roof deck and garage
More Midtown East buildings
- Loft53, 245 East 53rd Street — 2017 condominium
- The Townsley (245 East 35th Street) — 1964 co-op
- 249 East 48th Street (Turtle Bay House) — 1957 condominium
- The Alexander, 250 East 49th Street — condominium
- The Mondrian, 250 East 54th Street — 1990 condominium by FXCollaborative (Fox & Fowle / FXFOWLE)
- The Veneto, 250 East 53rd Street — 2006 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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 Highpoint?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.