40 Broad Street (The Setai Wall Street)
40 Broad Street, New York, NY 10004
Financial District
BBL 1000247501 · BIN 1078985
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2008–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,014
- Listing discount
- 4.0%
- Recorded sales
- 349
- On record
- 2008–2026
40 Broad Street is one of the Financial District's defining amenity condominiums — The Setai Wall Street, a former 1980s office tower reconstructed and reopened in 2008 as a full-service luxury building steps from the New York Stock Exchange. The conversion added a hospitality-grade amenity program, floor-to-ceiling glass, and a residential identity built around The Setai Club, the building's spa-and-fitness core.
The building's appeal rests on two things downtown buyers prize: a deep amenity package and condominium ownership. The Setai Club delivers roughly 44,000 square feet of amenity space — spa, fitness, lounge, library, and screening room — anchored by a roof terrace with harbor and Statue of Liberty views. And as a condominium rather than a co-op, 40 Broad Street offers the financing latitude, ownership flexibility, and resale liquidity that distinguish condo ownership in a corridor where much of the pre-war stock is board-governed.
For a downtown buyer, the address is almost self-explanatory — a full-service condominium on Broad Street, a short walk from Wall Street and the harbor. The unusually wide range of unit sizes, from studios to family-scaled penthouses, makes it a building that serves both the investor and the primary-residence buyer.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $215,466/yr
- Per unit / month range
- $0 – $115
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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
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 | vs. Ask |
|---|---|---|---|---|---|
| Jun 16, 2026 | 15B | 2 BR · 2 BA · 1,166 sf | $1,225,000 | $1,051/sf | -5.4% |
| Jun 15, 2026 | 28E | 1 BR · 1 BA · 801 sf | $825,000 | $1,030/sf | -1.7% |
| Mar 4, 2026 | 28H | 2 BR · 2 BA · 1,105 sf | $1,130,000 | $1,023/sf | -5.8% |
| Feb 24, 2026 | 19B | 1 BR · 1.5 BA · 1,051 sf | $950,000 | $904/sf | off-mkt |
| Feb 24, 2026 | 20C | 1 BA · 584 sf | $590,000 | $1,010/sf | -4.8% |
| Jan 29, 2026 | 25C | 1 BR · 1 BA · 590 sf | $610,000 | $1,034/sf | -2.9% |
| Jan 14, 2026 | 20FG | 2 BR · 2.5 BA · 1,507 sf | $1,555,000 | $1,032/sf | -2.5% |
| Dec 29, 2025 | 18C | 1 BA · 583 sf | $563,000 | $966/sf | -11.8% |
Market read. Most recent trades (2026) cleared a median $1,014/sf across 7 sales. Median listing discount 4.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-00024-7501) 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 building offers what much of the surrounding pre-war stock cannot: condominium ownership with flexible financing, no board admissions gauntlet, and freedom to use the apartment as a pied-à-terre, an investment, or a primary home. A purchase clears through the condominium's right of first refusal — a far lighter, more predictable process than a co-op board package.
Make floor, exposure, and amenity value the center of your diligence. The harbor and skyline views are the asset on the upper floors; confirm a given apartment's exposure, ceiling height, and renovation state, and weigh the Setai Club amenities as both a quality-of-life and a carrying-cost factor. Review the condominium's common charges, real-estate taxes, and reserve position. For a buyer who wants a deep amenity package and condominium flexibility in the Financial District, this is one of the corridor's strongest options.
What to know if you’re selling
The condominium structure and the Setai Club amenity program are your marketing core. Flexible financing, no co-op board, and freedom to sublet or hold as a pied-à-terre widen the buyer field well beyond what a downtown co-op can reach — including the international and investment buyers a Wall Street address naturally attracts.
Price to floor, exposure, and size. High-floor apartments with harbor and Statue of Liberty views should be benchmarked against the building's best comparable sales and the broader Financial District condominium set, while renovated kitchens and baths earn clear premiums. The building's wide unit range means comparable selection matters — a studio and a four-bedroom penthouse answer to entirely different buyer pools.
Comparable buildings
If you're considering 40 Broad Street, also evaluate these nearby Financial District condominiums:
- 15 Broad Street — Downtown by Philippe Starck, a full-service conversion off Wall Street
- 25 Broad Street — The Broad Exchange Building, a landmark conversion condominium
- 20 Pine Street — The Collection, an Armani/Casa-designed conversion condominium
- 111 Fulton Street — District, a loft-scale FiDi/Seaport conversion condominium
- 1 Wall Street — the Art Deco tower converted to condominium residences
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
Considering a move at The Setai Wall Street?
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 Setai Wall Street 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.