40 Broad Street (The Setai Wall Street)
40 Broad Street, New York, NY 10004
BBL 1000247501 · BIN 1078985
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 (floor-adjusted)
- $1,019
- Listing discount
- 4.0%
- Recorded sales
- 311
- On record
- 2008–2026
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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.
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.
Architecture and residences
The building is a 30-story tower reconstructed for luxury residential use, with floor-to-ceiling windows and contemporary interiors — Brazilian walnut floors with black granite borders in the original marketing package. Residential floors sit above the base, concentrating the best light and the harbor and skyline exposures on the upper floors.
The 159 condominium residences span an unusually broad range — studios through one-, two-, three-, and four-bedroom layouts, with five penthouses at the top. Ceilings run high for the category, roughly ten to eleven feet in the tower and higher in the penthouses. The most coveted homes are the high-floor apartments with harbor, Statue of Liberty, and Hudson exposures. As condominium units, these residences carry the financing and ownership flexibility their co-op neighbors structurally cannot match.
Building operations and ownership
40 Broad Street runs as a full-service condominium: a 24-hour doorman and concierge staff the two-story lobby, with a resident superintendent and managing agent on site. The Setai Club amenity program is the building's signature — spa, fitness center with private training, library, resident lounge, and screening room, with a roof terrace crowning the package.
As a condominium, the ownership terms are inherently flexible. Financing is not subject to the caps common at Manhattan co-ops, so buyers can finance to the level their lender allows. There is no co-op board admissions process — a purchase clears through the condominium's right of first refusal rather than a board package and interview. Pieds-à-terre, trust, LLC, and investment purchases are customary, and subletting is materially freer than at surrounding cooperatives, making the building a practical choice for owners who want to rent. Pets are welcome, subject to the building's standard policies.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $215,466/yr
- Per unit / month range
- $0 – $115
- Modeled exposure split equally across 156 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →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, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign 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 record last verified September 2026.
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Sep 28, 2026 | 18E | 2 BR · 2 BA · 1,101 sf | $1,120,000 | $1,017/sf | -3.4% |
| Sep 2, 2026 | 18D | 1 BR · 1.5 BA · 825 sf | $780,000 | $945/sf | +4.1% |
| Aug 24, 2026 | 14C | 1 BA · 585 sf | $582,500 | $996/sf | -6.0% |
| Aug 10, 2026 | 25G | 1 BR · 1.5 BA · 824 sf | $799,000 | $970/sf | -7.6% |
| Jul 22, 2026 | 21C | 1 BR · 1 BA · 584 sf | $605,000 | $1,036/sf | -2.4% |
| 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% |
Market read. Most recent trades (2026) cleared a median $1,019/sf (floor-adjusted) across 12 sales. 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 4.0% 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 1-00024-7501). 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 from recorded condo declarations and offering plans.
Closed rents at The Setai Wall Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 4 | $3,822 |
| 1 bedroom | 14 | $5,100 |
| 2 bedroom | 7 | $6,950 |
25 closed leases, October 2023 to September 2026. Most recent lease July 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $880K (24 sales since 2024), a buyer putting 25% down would pay about $32,683 to close, or 3.7% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,705
- Title insurance: $3,960
- Attorneys, lender, building fees, reserves and filings: $16,018
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
More Financial District buildings
- 33 Rector Street
- No. 33 Park Row — 2016 condominium
- The Potter Building, 36 Park Row — 1886 co-op
- 42 Ann Street (Keuffel & Esser Company Building) — 1892 condominium
- 50 Pine Street (50 Pine Street) — 1902 condominium
- 50 West Street — 2017 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
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.
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