40 Fifth Avenue
40 Fifth Avenue, New York, NY 10011
BBL 1005740039 · BIN 1009539
- Year built
- 1929
- Type
- Cooperative
- Landmark status
- Not an individual landmark; in the Greenwich Village Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Pied-à-terre
- Not permitted
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 50% of the purchase price
- Flip tax
- Tiered or formula; see fees
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2025
- $3M
- 2 qualifying sales
- Recent range
- $2.4M – $4.4M
- Listing discount
- 0.0%
- Recorded transfers
- 72
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 40 Fifth Avenue 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 Fifth Avenue is one of Greenwich Village's most prestigious pre-war cooperatives — a stately neo-Georgian apartment house that has anchored the corner of Fifth Avenue and West 11th Street since 1929. It belongs to the short, dignified stretch of Lower Fifth between Washington Square and 14th Street where a handful of grand pre-war co-ops give the Village its most formal, uptown-quality residential addresses, while keeping the neighborhood's tree-lined, low-rise character at street level.
The building's appeal is the appeal of Lower Fifth itself: pre-war scale and craftsmanship, a doorman-served full-service operation, and a location that places Washington Square Park, the Village's restaurants and townhouse blocks, and Union Square's transit all within an easy walk. For buyers who want a classic pre-war cooperative home with genuine architectural presence downtown, 40 Fifth Avenue is among the addresses they will measure everything else against.
It is a true cooperative — the established, board-governed ownership structure that defines the best of this stretch — and that structure is part of what has kept the building stable, well-maintained, and consistently desirable across the decades.
Architecture and unit composition
The architecture is restrained and confident: a neo-Georgian facade in limestone and brick, with the symmetry, proportion, and quiet detail that the style demands, poised on its Fifth Avenue corner. It reads as a peer to the avenue's other pre-war co-ops rather than as a Village outlier — formal, durable, and built to last.
Inside, the homes carry the hallmarks of 1929 luxury construction: generous room proportions, high ceilings, gracious entry foyers, and the layout logic of an era that separated entertaining and private space. Many residences retain or echo their original pre-war detail — moldings, hardwood floors, and the kind of light a corner Fifth Avenue building affords. The unit mix runs to larger classic layouts characteristic of a building of this vintage and stature.
Building operations
40 Fifth Avenue runs as a full-service cooperative with an attended lobby and doorman service. The operation is the quiet, well-run kind that long-established Village co-ops are known for — stable, professionally managed, and oriented toward long-term residents.
As a cooperative, the building is governed by a board, and purchases proceed through board review and approval. Co-ops of this caliber typically maintain financing limits, primary-residence expectations, and considered policies on subletting and pets; prospective buyers should expect a thorough admissions process and prepare a complete board package. We guide buyers through what a building of this stature looks for and how to present a strong application.
Application and transaction fees
Fees below are from building management's published schedule, as of October 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
- 3% of sale price less a maximum of 6% commission, attorney fees not exceeding $2000
- Paid by
- Seller
Source: building management's published schedule, as of October 2026
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $500 or $1,000 (Trust Purchase - if permitted by Corporation) | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Appraisal Research and Co-Op Supplement/Certification FeeConditional | Paid by Buyer | When With the application | Amount $250 (if financing) | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $300 (if financing) | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
Sublet
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Lead Based Paint Disclosure Fee | Paid by Shareholder | When With the application | Amount $75 | Refundable Not stated |
| Subletting Fee | Paid by Shareholder | When With the application | Amount $300 | Refundable Not stated |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $250 | Refundable Not stated |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $300 | Refundable Not stated |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Financing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Contact Transfer Agent for fee schedule | 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
- 50% of the purchase priceSource: building management's published schedule, as of October 2026
- Guarantors
- PermittedSource: building management's published schedule, as of October 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of October 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
- Not verified
- Pied-à-terre ownership
- Not permittedSource: building management's published schedule, as of October 2026
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; species and limits not statedSource: building management's published schedule, as of October 2026
- In-unit washer/dryer
- Not verified
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
- $958 per room a monthMedian of 3 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
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
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
- $90,637/yr
- Per unit / month range
- $0 – $94
- Modeled exposure split equally across 80 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 filing classified the facade as Unsafe — conditions requiring prompt corrective action. The owner must install any public protection the inspector specifies (a sidewalk shed, construction fence or structural netting, depending on the condition) and make the repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
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
- 3% of sale price (less commission/attorney fees), paid by Buyer or Seller
- Sublet policy
- Allowed; Subletting Fee $300
- Pied-à-terre
- Not Allowed
- Policies and fees
- Max financing 50% of purchase price; Closing Fee $800 ($850 without broker) plus $0.05/share
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 | vs. Ask |
|---|---|---|---|---|
| Apr 8, 2026 | 7E | 3 BR · 3 BA | $4,400,000 | +14.3% |
| Jun 17, 2025 | 4D | 2 BR · 2 BA | $2,440,000 | -0.4% |
| Feb 24, 2025 | 11B | 2 BR · 2 BA | $3,595,000 | +0.0% |
| Jan 13, 2022 | 11B | 2 BR · 2 BA | $3,500,000 | +0.0% |
| Nov 18, 2021 | 3C | 2 BR · 2 BA | $3,300,000 | +0.0% |
| Apr 9, 2021 | 11C | 2 BR · 2 BA | $2,050,000 | +2.5% |
| Jul 9, 2020 | 4B | 2 BR · 2 BA | $2,910,000 | -25.3% |
| Sep 26, 2019 | 10D | 2 BR · 2 BA | $2,360,000 | -14.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2013): a median $1,846/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 1.1% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Aug 16, 2010 | 15D | $2,800,000 |
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 1-00574-0039). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 40 Fifth Avenue and nearby.
At the recent median sale of $3.6M (3 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $68,475 to close, or 1.9% of the price.
- Mansion tax: $53,925
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit.
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What to know if you’re buying
This is a classic pre-war cooperative, and the purchase should be approached as one. Expect board review, a substantial board package, financing limits typical of a prestigious co-op, and primary-residence expectations. Those requirements govern admission and use; they do not guarantee financial stability or resale value. Review current financials and comparable sales alongside the location and architecture.
Layout, floor, and light drive value. Compare recent sales of larger classic layouts and higher, better-exposed homes to assess any premium; confirm the specific proportions, condition, and exposure of any unit. As an older building, prudent diligence on the financials, reserves, and any planned capital work — facade, mechanicals, elevators — is worthwhile, as at any pre-war co-op.
Location is a durable strength: a Lower Fifth corner steps from Washington Square Park, the Village's best blocks, and Union Square transit. We help buyers benchmark the price against the Greenwich Village pre-war co-op market and prepare for the board process.
What to know if you’re selling
Lead with pedigree and address. A 1929 neo-Georgian cooperative on a Lower Fifth corner is a marketable story in itself — position the home on the building's stature, its pre-war scale and detail, and the location.
Benchmark to the Greenwich Village and Lower Fifth pre-war co-op market, where the comparison is other established full-service co-ops, not the neighborhood's newer condominiums, which attract a different buyer. Pricing should reflect the home's specific layout, floor, light, and condition against that set.
The buyer pool is the co-op-qualified Village buyer — financially strong, primary-residence-oriented, prepared for a board. Presenting the home well, pricing it correctly against true comparables, and guiding the buyer toward a strong board package are what carry a sale here. We manage that process end to end.
Comparable buildings
If you're considering 40 Fifth Avenue, also evaluate nearby Greenwich Village and Lower Fifth inventory:
- 24 Fifth Avenue — a pre-war Lower Fifth cooperative nearby
- 25 Fifth Avenue — a Greenwich Village building nearby; confirm its ownership and purchase requirements separately
- 43 Fifth Avenue — a pre-war cooperative across the avenue
- 45 Fifth Avenue — a stately Lower Fifth pre-war co-op
More Greenwich Village buildings
- 39 Fifth Avenue — 1922 co-op by Emery Roth
- Washington View, 39½ Washington Square South — 1889 co-op
- 40 East 9th Street (The Sheridan) — 1950 co-op
- 40 University Place — 1926 co-op by Sugarman & Berger
- 41 Fifth Avenue — 1923 co-op by Rosario Candela
- 41 University Place — 1923 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Greenwich Village — read The Roebling Team Guide to Greenwich Village.
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 40 Fifth Avenue?
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