301 East 40th Street (The Hamilton)
301 East 40th Street, New York, NY 10016
Murray Hill
BBL 1013330001 · BIN 1038645
- Year built
- 1963
- Type
- Cooperative
- Units
- 359
- Floors
- 21
- Landmark
- No
- Pets
- Pets not permitted
- Financing
- Up to 75% permitted
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
- $857
- Listing discount
- 2.4%
- Recorded sales
- 353
- On record
- 2003–2026
301 East 40th Street — The Hamilton — is a 21-story postwar cooperative on the corner of East 40th Street and Second Avenue, built in 1963 to a Philip Birnbaum design and converted to cooperative ownership in 1983. Birnbaum was the most prolific apartment-house architect of the postwar period, and the building carries the hallmarks of his work: an efficient plan, full-service infrastructure, and a large unit count built for liquidity rather than ornament. Across roughly 359 apartments, it is one of the larger full-service co-ops on the Murray Hill / Tudor City edge.
For buyers, the location is the headline. The Hamilton sits within a short walk of Grand Central Terminal, the United Nations, the Ford Foundation, and the Tudor City enclave — a genuinely central east-side address with the commute and the conveniences that come with it. The full-service package (24-hour doorman, concierge, parking garage, and a landscaped roof deck) and the building's accessible co-op price points make it a practical entry into the corridor.
The board posture is the postwar-co-op standard, and it shapes the deal: a financing cap, a restricted sublet policy, and a board review process. Those rules are worth confirming early, because they define both qualification and resale.
Architecture and unit composition
The Hamilton is a 21-story light-brick tower in Philip Birnbaum's postwar idiom — clean massing, efficient layouts, and full-height service infrastructure. The facade was restored in the early 2020s, and the corner siting gives the upper floors open exposures and the longer light that the surrounding mid-block stock lacks. The building's landscaped roof deck is one of its signature amenities, with open views across the east side toward the Chrysler Building, the United Nations, and the East River corridor.
The unit mix runs from studios through three-bedrooms, with a number of larger combined and upper-floor layouts. Floor, exposure, and renovation state are the primary value drivers; the higher floors and the corner lines carry the views and the premium.
Building operations
The Hamilton operates as a full-service postwar cooperative under 305 East 40th Street Owners Corp. A 24-hour doorman and concierge staff the lobby, with a live-in superintendent and on-site staff. The building offers a landscaped roof deck, a parking garage, storage, bike storage, and on-site laundry.
The board's policies follow the postwar co-op pattern. Financing is permitted up to 75%. Pieds-à-terre are generally permitted, subject to board approval, as are guarantors, co-purchasing, and parents purchasing for children. Subletting is permitted on a restricted basis, subject to board approval. The building does not permit pets. The board reviews financials and the purchase application in the standard manner; the precise sublet terms and any flip tax are confirmed with the managing agent during contract review.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $81,735/yr
- Per unit / month range
- $0 – $19
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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
Because The Hamilton spans roughly 359 apartments, turnover is regular and the building offers a deep run of comparables across the studio-through-three-bedroom mix. Pricing tracks the full-service postwar Murray Hill co-op market: value here is best read on a price-per-room basis against comparable lines in the building and the surrounding postwar stock, with floor, exposure, and renovation state the decisive variables. Higher-floor and corner apartments command the premium; lower and interior lines anchor the accessible end. The central location, the full-service staffing, and the parking garage tend to broaden the buyer pool; the financing cap and sublet restrictions narrow it, and both belong in any pricing read.
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 |
|---|---|---|---|---|---|
| Jul 8, 2026 | 3E | 1 BR · 1 BA | $570,000 | -3.2% | |
| Mar 27, 2026 | 10W | 1 BA · 475 sf | $400,000 | $842/sf | +0.3% |
| Dec 30, 2025 | 4K | 2 BR · 1 BA · 950 sf | $910,000 | $958/sf | -4.2% |
| Nov 4, 2025 | 18H | 1 BR · 1 BA · 725 sf | $640,000 | $883/sf | -12.2% |
| May 20, 2025 | 6X | 1 BA · 475 sf | $450,000 | $947/sf | -2.2% |
| May 9, 2025 | 8A | 1 BA | $410,000 | -25.3% | |
| Apr 15, 2025 | 9J | 2 BR · 1 BA | $845,000 | -0.5% | |
| Apr 10, 2025 | 9A | 1 BA · 525 sf | $425,000 | $810/sf | -2.3% |
Market read. Most recent trades (2026) cleared a median $857/sf across 1 sale. Median listing discount 2.4% 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 | 15K | $425,000 |
| Apr 13, 2006 | 16J | $525,000 |
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 1-01333-0001) 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
The location-plus-service case is the core. The Hamilton delivers full-service living — 24-hour doorman, concierge, parking garage, landscaped roof deck — at the accessible end of the market, steps from Grand Central and the United Nations.
Understand the board posture. This is a postwar cooperative: financing is capped at 75%, subletting is restricted, and pieds-à-terre require board approval. Confirm the current terms with the managing agent before you commit.
Floor and exposure drive value. The upper floors and corner lines carry the light, the views, and the premium; the roof deck is a shared asset for all residents.
Confirm the specifics during contract review. The building does not permit pets; verify the exact sublet terms and any flip tax with the managing agent.
What to know if you’re selling
Lead with the location and the service. Proximity to Grand Central and the UN, full-time doorman and concierge service, the parking garage, and the landscaped roof deck are the rational hooks that widen the qualified-buyer field.
Position each apartment on exposure and condition. Higher-floor and corner homes should be benchmarked against the best comparable lines in the building and the surrounding Murray Hill co-op stock; renovated kitchens and baths command clear premiums.
Set expectations on the board process. The financing cap and sublet restrictions shape the buyer pool; pricing and marketing should account for them. Closing timelines are co-op standard — six to ten weeks from contract, with board approval the gating step.
Comparable buildings
If you're weighing 301 East 40th Street, these nearby Murray Hill, Tudor City, and Midtown East co-ops and condos make a useful comparison set:
- 300 East 40th Street (The Churchill) — the condop directly across the street
- Tudor Tower (25 Tudor City Place) — a tall pre-war Tudor City cooperative nearby
- Prospect Tower (45 Tudor City Place) — the landmark-crowned Tudor City co-op tower
- 325 East 41st Street — a Tudor City–adjacent building one block north
- 321 East 43rd Street — a Tudor City–area building 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 The Hamilton?
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 Hamilton 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.