300 East 40th Street (The Churchill)
300 East 40th Street, New York, NY 10016
BBL 1009457501 · BIN 1022051
- Year built
- 1967
- Type
- Condop
- Floors
- 33
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 80% of the purchase price
- Doorman
- Full-time doorman
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, 2026 to date
- $905
- floor-adjusted, 8 sales
- Listing discount
- 2.2%
- Recorded sales
- 584
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Churchill 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 Churchill is a 33-story postwar apartment tower in Murray Hill — built in 1967 and converted to cooperative in 1991. Ownership here turns on the condop policy structure — co-op above, condominium below — which yields operationally more flexible terms than the traditional Murray Hill cooperatives nearby. Its 586-unit scale supports an operational layer deeper than the 1967 vintage would suggest: a rooftop deck with seasonal outdoor pool, plus laundry facilities on every floor, both uncommon for a tower of its era in Murray Hill.
Architecture and building operations
The tower's plain form is "punctuated by many columns of protruding balconies." The 1991 conversion from rental to cooperative is the most consequential financial moment in the building's history. Many original-construction systems remain in service; buyers should anticipate substantial capital improvement priorities at the building level over the 2025-2035 horizon.
Operations: 24-hour doorman; concierge; fitness center; roof deck with seasonal outdoor pool; lounge; laundry facilities on every floor; private storage. Convenient location near Grand Central, the United Nations, and substantial public transportation. Drawback: "Traffic on Second Avenue is heavy headed for the Queens-Midtown Tunnel a few blocks south."
Policy framework — condop structure
- Type: Condop (co-op above, condominium below)
- Pets: Permitted
- Pied-à-terre: Permitted under the building's condop framework (meaningful advantage over traditional coops)
- Subletting: Permitted with board approval; typically less restrictive than traditional coops
- Financing: Up to 80%+ permitted (condop structure typically supports higher LTV)
- Flip tax: Verify with managing agent
- Gifting/trust: Permitted with board approval
- LLC: Often permitted
- Foreign buyers: Permitted with appropriate liquidity
- Post-closing liquidity: Standard expectations
- Board interview: Required, but typically less substantive than traditional coop
The condop framework produces operationally more flexible ownership terms than the comparable traditional Murray Hill cooperatives. For pied-à-terre, LLC, and trust buyers, The Churchill is generally a substantially easier path than the prewar Murray Hill cooperative inventory.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of October 2026
- Guarantors
- Not permittedSource: building management's published schedule, as of October 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- PermittedSource: building management's published schedule, as of October 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedLimits statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $661 per room a monthMedian of 39 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.44 per square foot a monthMedian of 20 recorded sales since October 2023Source: recorded sales, 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. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, pool, residents' lounge, roof deck, storage, laundry roomSource: 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.
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 data last refreshed 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 Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture 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).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. 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 September 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 |
|---|---|---|---|---|---|
| Sep 2, 2026 | 4K | 3 BR · 2 BA · 1,350 sf | $1,285,000 | $952/sf | -4.8% |
| Sep 2, 2026 | 11F | 1 BA | $600,000 | -11.1% | |
| Jul 28, 2026 | 12P | 1 BR · 1 BA · 750 sf | $715,000 | $953/sf | -2.1% |
| Jul 27, 2026 | 11L | 1 BA · 600 sf | $662,500 | $1,104/sf | -5.4% |
| Jul 21, 2026 | 4C | 2 BR · 1 BA · 1,100 sf | $945,000 | $859/sf | -3.1% |
| Jul 15, 2026 | 31T | 1 BR · 1.5 BA | $1,235,000 | -3.9% | |
| Jul 13, 2026 | 32F | 2 BR · 1.5 BA | $1,212,500 | -2.9% | |
| Jun 18, 2026 | 28P | 1 BR · 1 BA | $650,000 | -3.7% |
Market read. Most recent trades (2026 to date) cleared a median $905/sf (floor-adjusted) across 8 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 2.2% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 13, 2006 | 5V | $385,000 |
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 1-00945-7501). 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.
Closed rents at The Churchill, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 6 | $3,550 |
| 1 bedroom | 26 | $4,150 |
| 2 bedroom | 10 | $5,500 |
42 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Churchill and nearby.
At the recent median sale of $720K (34 transfers since 2024), a buyer putting 25% down would pay about $11,250 to close, or 1.6% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,250
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Churchill and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like The Churchill. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
The condop policy framework is structurally distinguishing. Materially more permissive than traditional Murray Hill cooperative inventory.
The 80%+ financing potential is among the most accommodating in the corridor.
The pied-à-terre, LLC, and trust permissions support flexible-use buyers.
The 586-unit scale supports comprehensive operational infrastructure.
The Second Avenue / Queens-Midtown Tunnel approach traffic is the structural marketing challenge. Evaluate lower-floor and east-facing units accordingly.
Comparable buildings
- Murray Hill Mews (160 East 38th Street) — Birnbaum-school 1974; nearby Murray Hill peer
- 400 East 56th Street (Plaza 400) — Birnbaum 1968; nearby Midtown East condop peer
- The Excelsior (303 East 57th Street) — Birnbaum 1967; same-vintage peer
- 870 United Nations Plaza — Harrison & Abramovitz 1966; nearby UN Plaza peer
- The Galleria (117 East 57th Street) — Specter 1975; nearby Midtown East peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
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 Churchill?
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