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
- $1,076
- Listing discount
- 2.5%
- Recorded sales
- 240
- On record
- 2003–2026
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
- —
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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.
See the full facade history →Recent sales
The Highpoint trades as a full-amenity Murray Hill condominium, with recent closings generally running in the mid-$1,000s per square foot and active asking prices somewhat above that. 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.
Recent closings 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 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% |
| Jan 10, 2025 | 12E | 1 BR · 1 BA · 745 sf | $825,000 | $1,107/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $1,076/sf across 5 sales. 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) 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 from recorded condo declarations and offering plans.
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
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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.
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.