- Year built
- 2007
- Type
- Condominium
- Landmark
- No
340 East 23rd Street — Gramercy Starck — is a 22-story condominium completed in 2007–2008, developed by Victor Homes, designed by Gerner Kronick + Valcarcel, and given its identity by Philippe Starck, who designed the interiors and common spaces and lent the building his name. Starck's involvement is the building's defining feature: the lobby, lounges, and amenity spaces carry his signature theatrical-yet-livable design language, a sensibility more associated with boutique hotels than with new-construction condominiums of its era.
With 207 residences, the building delivered scale, a full amenity package, and design pedigree to a Gramercy / Kips Bay block at the meeting point of two neighborhoods. It is positioned at buyers who want contemporary finishes, a real amenity program, and a designed environment — without taking on a co-op board.
For buyers, the appeal is direct: a full-service condominium with the financing latitude, ownership flexibility, and resale liquidity the format provides, a short walk from Gramercy Park, Madison Square Park, and the East River corridor.
Building operations
340 East 23rd Street operates as a condominium with 24-hour doorman and concierge service and a live-in resident manager. As a condominium, it offers what the neighborhood's co-ops structurally cannot: financing is not subject to co-op-style caps; there is no admissions board, so a purchase clears a condominium's lighter right-of-first-refusal rather than a board package and interview; and pied-à-terre, trust, LLC, and investor purchases are customary, with subletting and resale materially freer than at a cooperative. Pets are permitted. The common charges, the precise sublet and pet rules, and the building's current operating posture are confirmed against the offering plan and the managing agent during due diligence.
Recent sales
340 East 23rd Street prices in the new-construction Gramercy condominium tier, and value is read on a price-per-square-foot basis against the newest condominium inventory in the area rather than against the older co-ops nearby. The larger and higher-floor homes — and the penthouses with the Starck-designed terraces and cabana access — command the top of the building's range; the studios and lower lines anchor the entry tier. Floor, exposure, line, and finish state are the decisive variables, and the Starck design and full amenity package support pricing relative to plainer contemporaries. Capture the apartment-level specifics — square footage, exposure, common charges, and condition — and benchmark to the right comparable set.
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 |
|---|---|---|---|---|
| Jul 5, 2005 | — | 1 BA · 450 sf | $35,918,400 | $79,819/sf |
Market read. Most recent trades (2005) cleared a median $79,819/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00928-7503) 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 design-plus-amenities case is the core. A Philippe Starck–designed condominium with a full amenity program offers a distinctive, atmospheric environment and contemporary finishes in a Gramercy / Kips Bay location.
Condominium flexibility is real. No board package or interview — a right-of-first-refusal rather than admissions; financing is not co-op-capped; pied-à-terre, trust, LLC, and investor use are customary, and pets are permitted. Confirm the current rules against the offering plan.
Floor, exposure, and finish drive value. Higher floors capture the light and the views; price each apartment on its square footage, line, and condition.
Model the full carry. Run common charges plus property taxes plus utilities and insurance carefully.
Mansion-tax thresholds can apply. At the larger units' pricing, run the numbers through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the Starck design and the amenities. The named designer, the full-floor lounge, the cabana roof deck, and the fitness center are durable differentiators against both the older co-ops nearby and plainer glass condominiums.
Benchmark to new-construction Gramercy and Flatiron condominiums — not the older co-op stock — and position each apartment on its square footage, floor, exposure, and condition.
Closing mechanics are condominium-standard — a right-of-first-refusal rather than a board process — a faster, more predictable path that itself appeals to the flexibility-minded buyer this building attracts.
Comparable buildings
If you're considering 340 East 23rd Street, also evaluate nearby Gramercy and Kips Bay inventory:
- 234 East 23rd Street — a new-construction Gramercy condominium on the same street
- 150 East 23rd Street — an ODA-designed condominium nearby
- 300 East 23rd Street — a Gramercy building on the same block
- 305 East 24th Street — a Gramercy building a block north
- 245 East 25th Street — a Gramercy/Kips Bay building nearby
The Roebling Team at Gramercy Starck
The Roebling Team at Compass specializes in Gramercy, the Flatiron district, Kips Bay, and the broader downtown condominium market. We publish this profile because buyers and sellers of new-construction condominiums deserve building-specific intelligence — the architecture, the design pedigree, the amenity program, and where the pricing sits against the right comparable set.
If you're considering a transaction at 340 East 23rd Street, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Get the full picture on this building.
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