340 West 55th Street
340 West 55th Street, New York, NY 10019
BBL 1010450051 · BIN 1025419
- Year built
- 1925
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Permitted with conditions
- Maximum financing
- 75% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2026
- $629K
- 5 qualifying sales
- Recent range
- $580K – $885K
- Listing discount
- 4.2%
- Recorded transfers
- 56
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Sherwood 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 Sherwood has one of the more interesting biographies of any building in Midtown West. Built in 1925 in a striking Venetian-Gothic idiom as the headquarters, school, and dormitory of the National Bible Institute, it spent decades as an institution before its life turned residential — including a stretch in the 1970s when it served as a temple — and finally became a cooperative in 1982. That history is written into the building: the ornamented masonry, the dignified massing, and the generous proportions of an institutional structure now read as the building's residential charm.
For buyers, the appeal is twofold. First, the homes themselves are atypical — the conversion produced many duplex and triplex layouts, a number with wood-burning fireplaces and private outdoor space, the kind of character that postwar Midtown construction simply cannot replicate. Second, the location is one of the most usable in Manhattan: a quiet, tree-lined block between Eighth and Ninth Avenues, but within a short walk of Columbus Circle, Central Park, the Theater District, and the full transit hub at 59th Street.
The Sherwood is a full-service cooperative that allows financing up to 75 percent of the purchase price — a building that rewards owner-occupiers who want pre-war character and a real neighborhood, at prices well below the Park-and-Fifth corridor.
Architecture and unit composition
The building's Venetian-Gothic exterior is its signature — an ornamented, pointed-arch masonry vocabulary rare among Manhattan apartment houses and a direct legacy of its institutional origins. Built to a $1.35 million budget in 1925, it was a substantial, finely detailed structure from the start, and the residential conversion preserved that character while reworking the interiors.
The 56 residences are unusually varied. Because the building began life as a school-and-dormitory rather than an apartment house, the conversion yielded a mix of layouts — many duplexes and triplexes, a number with wood-burning fireplaces, and several with private outdoor space — alongside more conventional flats. The result is a building where no two homes are quite alike, and where the most distinctive apartments carry real architectural personality. Ceilings, light, and room separation track the pre-war standard, and the larger multi-level homes are the building's calling card.
Building operations
The Sherwood is a full-service cooperative: a doorman, a superintendent, central laundry, a bike room, and private storage support an owner-occupied community of 56 households. Compare the actual staff coverage, maintenance, assessments and reserves with alternatives; the 56-household scale does not establish a cost advantage over a tower.
On policy, the terms are clear. The building is pet-friendly, welcoming both cats and dogs. Financing is permitted up to 75% of the purchase price. A 2% flip tax applies on resale. Pied-à-terre ownership is permitted with board approval. Purchases proceed through the board's application process, and subletting follows the board's stated policy. The combination of pet-friendliness, 75% financing, and a clear flip-tax structure suits buyers who value pre-war character and a strong location.
Application and transaction fees
Fees below are from building management's published schedule, as of July 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 2% of the purchase price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of July 2026
Purchase
11 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application FeeConditionalRequired | Paid by Buyer | When With the application | Amount $475 If this application is submitted without a broker this fee will be $800 | Refundable Not stated |
| Credit Reports FeeConditional · Per applicantRequired | Paid by Buyer | When With the application | Amount $200 Per individual applicant named on the contract and as a guarantor (if applicable) - plus any additional occupants | Refundable Not stated |
| Packages Reproduction/Messenger Fee | Paid by Buyer | When With the application | Amount $250 | Refundable Not stated |
| Expedited Closing Fee | Paid by Buyer | When At closing | Amount $500 | Refundable Not stated |
| Financing Processing FeeConditionalConditions: If applicable | Paid by Buyer | When At closing | Amount $400 | Refundable Non-refundable |
| Postponement FeeConditionalConditions: Less than 48 hr notice | Paid by Buyer | When At closing | Amount $500 | Refundable Not stated |
| Power of AttorneyConditional · Per applicant | Paid by Buyer | When At closing | Amount $200 per individual (if applicable) | Refundable Not stated |
| Power of AttorneyConditional · Per applicant | Paid by Seller | When At closing | Amount $200 per individual (if applicable) | Refundable Not stated |
| Seller's Transfer Fee | Paid by Seller | When At closing | Amount $750 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Move Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable Not stated |
Sublet
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Check FeePer applicantRequired | Paid by Subtenant | When With the application | Amount $200 Per applicant - plus any additional occupants | Refundable Not stated |
| Packages Reproduction/Messenger Fee | Paid by Subtenant | When With the application | Amount $200 | Refundable Not stated |
| Processing Fee | Paid by Subtenant | When With the application | Amount $350 | Refundable Not stated |
| Sublease FeeRequired | Paid by Shareholder | When Upon approval | Amount Equal to One (1) month's maintenance | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Not stated |
| Move In Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Not stated |
Refinance
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Check FeeConditional · Per applicantConditions: If applicableRequired | Paid by Shareholder | When With the application | Amount $200 Per applicant - plus any additional occupants | Refundable Not stated |
| Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
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.
Financing and purchase requirements
- Maximum financing
- 75% of the purchase priceSource: building management's published schedule, as of July 2026
- Parent buying for an employed child
- Not permittedSource: building management's published schedule, as of July 2026
- Parent buying for a student child
- Not permittedSource: building management's published schedule, as of July 2026
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.
- Subletting by shareholders
- Permitted with conditionsTwo years ownership requiredSource: building management's published schedule, as of July 2026
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: The Roebling Team's building profile
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 with conditions; species not statedUpon ApprovalSource: building management's published schedule, as of July 2026
- In-unit washer/dryer
- Permitted with conditionsOn a case-by-case basisSource: building management's published schedule, as of July 2026
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
- Maintenance, per room
- $608 per room a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, 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. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $14,953/yr
- Per unit / month range
- $0 – $22
- Modeled exposure split equally across 56 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. 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 October 2026.
Management & transfer contacts
- Flip tax
- 2% of purchase price (shareholder)
- Sublet policy
- Allowed after two years ownership; sublease fee equal to one month's maintenance
- Policies and fees
- Buyer application fee $475 (or $800 if no broker); move-in/out deposits $500 each; financing $400; max financing 75%
Recent sales
Recent transfers 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 |
|---|---|---|---|---|---|
| Jun 23, 2026 | 6D | 1 BR · 2 BA · 865 sf | $818,000 | $946/sf | -6.5% |
| Feb 12, 2026 | 7B | 2 BR · 2 BA | $885,000 | -11.5% | |
| Dec 15, 2025 | 11E | 1 BR · 1 BA | $580,000 | +0.9% | |
| Dec 5, 2024 | 9E | 1 BR · 1 BA | $580,000 | -10.8% | |
| Oct 11, 2023 | 5A | 1 BR · 1.5 BA | $629,000 | +0.0% | |
| Feb 6, 2023 | 1A | 1 BR · 1.5 BA | $825,000 | -1.8% | |
| Jun 9, 2022 | 1E | 1 BR · 1 BA | $560,000 | -11.8% | |
| May 20, 2022 | 8B | 2 BR · 2 BA | $1,265,000 | -8.0% |
Market read. Most recent trades (2026 to date) cleared a median $847/sf (floor-adjusted) across 1 sale. 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 3.6% 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 1-01045-0051). 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 on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Sherwood and nearby.
At the recent median sale of $699K (4 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $11,171 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: $11,171
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Sherwood and its market
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What to know if you’re buying
Buy the layout. The Sherwood's value is in its unusual homes — the duplexes, the triplexes, the fireplaces, the outdoor space. The conventional flats are perfectly good, but the building's character apartments are why buyers seek it out, and they command a premium that is generally justified.
Account for the board's terms. 75% financing, a pet-friendly policy, a 2% flip tax, and pied-à-terre ownership permitted with approval define the transaction; buyers should factor the flip tax into their cost of ownership and prepare a clean board application. We help buyers read the building's financial statements, model the carrying costs, and prepare for the interview.
Value the location. A quiet block within walking distance of Central Park, Columbus Circle, the Theater District, and a major transit hub offers everyday convenience; it does not establish future resale performance.
What to know if you’re selling
Lead with character and location. The 1925 Venetian-Gothic building, the duplex-and-fireplace layouts, and the walk-to-everything block are the selling points that distinguish a home here from generic Midtown West inventory.
Be precise about the layout. Because the building's homes vary so widely, accurate positioning matters — a multi-level home with a fireplace and outdoor space should be marketed and priced as the distinctive apartment it is, not lumped in with conventional stock.
State the board's terms up front. Pet-friendliness, 75% financing, and the 2% flip tax are facts buyers will ask about; presenting them clearly widens the qualified pool and speeds the sale.
Benchmark to the Midtown West co-op market. Comparable analysis belongs against the surrounding Hell's Kitchen and Midtown West cooperatives, with the building's character premium accounted for.
Comparable buildings
If you're considering 340 West 55th Street, also evaluate the Midtown West and Hell's Kitchen co-op and condominium stock:
- 357 West 55th Street — full-service building on the same block
- 419 West 55th Street — Midtown West residential building nearby
- 322 West 57th Street — large residential building near Columbus Circle; verify its ownership form and transfer requirements
- 230 West 56th Street — Midtown West condominium tower
- 317 West 54th Street — Hell's Kitchen residential building
More Hell's Kitchen buildings
- 335-337 West 55th Street — 1920 condominium
- 339 West 55th Street — 1919 co-op
- 340 West 53rd Street — condominium by Kutnicki Bernstein Architects
- The Parc Vendome (340 West 57th Street) — 1929 condominium
- 341 West 47th Street — 1910 co-op
- 344 West 49th Street (The Gaslight) — 1910 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Hell's Kitchen — read The Roebling Team Guide to Hell's Kitchen.
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.
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 Sherwood?
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