40 West 17th Street
40–42 West 17th Street, New York, NY 10011
BBL 1008180073 · BIN 1015403
- Year built
- 1909
- Type
- Cooperative
- Units
- 21
- Floors
- 12
- Landmark
- Designated
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 40 West 17th 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.
This is a Ladies' Mile loft building by one of the city's most prolific apartment-house firms. Schwartz & Gross are best known uptown for Central Park West and Riverside Drive apartment houses. In 1909–1910 they designed this twelve-story store-and-loft building for the Meteor Realty & Construction Company. It has a Beaux-Arts limestone, brick and terra-cotta front on a 50-foot lot, and it was built as lofts above a ground-floor store. It sits on the south side of West 17th Street, the same block as 14 West 17th Street.
The residential history dates from the loft conversions of the late 1970s and early 1980s. A holding entity took title in December 1978, and the housing corporation took title in September 1981. J-51 benefits followed in 1984. The result is a 21-apartment elevator co-op, with half-floor apartment lines on most floors of a loft building's floor plates.
Architecture and unit composition
The building covers about 50 by 82 feet of a 50-by-92-foot lot. It has roughly 49,500 gross square feet, about 43,600 of them residential. The apartment numbers (2D, 3A–3B, up to 12A–12C) show a mostly two-apartment-per-floor plan, with a third line on the twelfth floor. A 2007 filing renovated existing studios on the second floor. DOB records show a combination of 8A and 8B in 2016, several gut renovations of individual apartments, and a 2001 roof-access enclosure from the twelfth floor. The ground floor holds a commercial space.
Building operations
J-51: started in 1984, now expired. City J-51 records show a benefit starting in the 1984 tax year. The abatement ran from 1984 through 1989, based on a certified alteration cost of about $244,000. The exemption on the added assessed value phased down to its last entry in tax year 1997. The Department of Finance's current exemption records (2021–2027) show only small personal exemptions held by shareholders, with no building-level program. Budget the real-estate-tax line at full cost.
Underlying debt. ACRIS shows the corporation's financing moving from HSBC (2007) to Northeast Community Bank (2014), then to the National Cooperative Bank in June 2017. That loan was a $1.5 million mortgage plus a $250,000 instrument, and it was later assigned into a commercial-mortgage securitization. A further $500,000 NCB mortgage was recorded April 25, 2025. The rate, maturity and prepayment terms are not public. Securitized loans often restrict early repayment, which affects when and how the board can refinance. Ask the managing agent for the note, and ask what the 2025 money is paying for.
Capital work on record. DOB filings cover a lobby renovation (2002), a sprinkler alarm with central-station monitoring (2005), and a combined standpipe and sprinkler system (2007). They also cover façade repairs to brickwork, lintels, windows and parapets in 2005, 2011 and 2013 (with scaffolding and a hoist filed in 2014), a boiler replacement (2012), a gas-riser replacement (2017), and a roof replacement (2020). This is the usual work for a century-old masonry loft building on the Local Law 11 cycle. Ask where the current cycle stands.
Sponsor position. No sponsor block appears in the records we reviewed. Share transfers since 2004 run across more than twenty different sellers. Confirm with the managing agent that no unsold shares remain.
Recent sales
ACRIS has recorded roughly one share transfer a year here since 2004, which is typical for a 21-apartment loft co-op, so comparables inside the building are thin. As in most Flatiron loft co-ops, pricing depends on the line, the floor and the condition. The half-floor lines on the upper floors, the combined eighth floor and the twelfth-floor apartments are different products from the smaller second-floor units. A gut-renovated loft and an original 1980s conversion interior can trade very differently in the same stack. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jul 15, 2026 | 12A | $2,500,000 |
| Jul 28, 2025 | 9A | $2,595,000 |
| Jul 29, 2024 | 12C | $1,896,211 |
| Nov 5, 2021 | 9A | $2,550,000 |
| Jan 7, 2020 | 4B | $3,300,000 |
| Sep 21, 2018 | 8A | $2,325,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00818-0073) 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.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 40 West 17th Street and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like40 West 17th Street. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Ask for the loan documents. The 2017 NCB loan went into a securitization, and a further $500,000 was recorded in 2025. Maturity and prepayment terms decide whether maintenance is stable or facing a refinancing, so get both before you bid.
Ask the Loft Law question. No Loft Board record surfaced, but the conversion date falls inside the Loft Law's lookback window. Your attorney should confirm the building's status and whether any apartment has a regulated history.
The tax line is full cost. The J-51 ended in the 1990s.
The board package is the gate. This is a share purchase: board package, interview, board discretion. The financing ceiling, minimum down payment, post-closing liquidity requirement, sublet and pet policies, flip tax, and whether the board allows purchases through a trust, an LLC or as a pied-à-terre are not public. Get them in writing. Run the Co-op Board Qualification Calculator on your own numbers.
Exterior work goes through LPC. This building is in the Ladies' Mile Historic District. Windows, the roof and anything visible from the street need a Commission permit.
What to know if you’re selling
Lead with the architecture and the address. A Schwartz & Gross Beaux-Arts loft building in the Ladies' Mile district on a Fifth-to-Sixth block is a strong starting point.
Put the capital record together early. The roof in 2020, the façade cycles, the sprinkler and alarm upgrades and the boiler all show a building that keeps up with its work. Buyers' attorneys will ask about the 2025 NCB money. Have the answer ready.
Price the line, not the building. Half-floor lines, the combined eighth floor, the twelfth-floor apartments and the second-floor units need their own comparables.
Comparable buildings
If you're considering 40 West 17th Street, also evaluate:
- 14 West 17th Street: a Beaux-Arts store-and-loft cooperative a few doors east on the same blockfront
- 15 West 17th Street: a 1907 loft converted to condominium, across the street; the condominium alternative
- 40 West 24th Street: a 1905–06 loft co-op in the Ladies' Mile district
- 38 West 26th Street: a 1909 commercial-loft cooperative
- 30 West 15th Street: a 1908 former commercial loft converted to a cooperative
- 29 West 15th Street: a 1905 commercial building converted to a loft co-op
- 40 West 22nd Street: a circa-1909 loft converted to a cooperative in 1976
- 12 West 18th Street: an 1885 loft converted to condominium one block north
- 55 West 17th Street: the new-construction condominium on the same street; the new-development alternative
More Flatiron buildings
- 36 West 35th Street — 1930 co-op
- 38 West 26th Street — 1909 co-op
- 39 East 29th Street (Twenty9th Park Madison) — 2009 condominium by H. Thomas O'Hara Architects
- 40 West 22nd Street — 1909 co-op
- 40 West 24th Street — 1905 co-op
- 41 East 28th Street — 1910 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
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 West 17th Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.