340 West 55th Street
340 West 55th Street, New York, NY 10019
Hell's Kitchen
BBL 1010450051 · BIN 1025419
- Year built
- 1925
- Type
- Cooperative
- Landmark
- No
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $629K
- Recent range
- $580K – $885K
- Listing discount
- 4.2%
- Recorded transfers
- 56
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 with a sensible, accommodating board posture — 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. The service level is appropriate to a mid-size pre-war co-op — staffed and attended, without the cost structure of a luxury tower.
On policy, the board is comparatively practical. 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. As with any cooperative, purchases proceed through a board application and interview, and subletting follows the board's stated policy. The combination of pet-friendliness, 75% financing, and a clear flip-tax structure makes the Sherwood a relatively approachable co-op for buyers who value pre-war character and a strong location over the rigidity of the strictest Gold Coast boards.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $932/yr
- Per unit / month range
- $0 – $1
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 →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
- Notable 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, 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 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) cleared a median $847/sf across 1 sale. 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) 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
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 is a durable advantage — the kind of everyday convenience that holds value over time.
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 cooperative near Columbus Circle
- 230 West 56th Street — Midtown West condominium tower
- 317 West 54th Street — Hell's Kitchen residential building
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 Sherwood?
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 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.