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 status
- Not an individual landmark; in the Ladies' Mile Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Flip tax
- 1% of the purchase price, paid by the seller
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $2.5M – $2.6M
- Listing discount
- 4.2%
- Recorded transfers
- 16
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.
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
- Equal to 1% of the Purchase Price
- Rate
- 1% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of October 2026
Purchase
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Buyer | When With the application | Amount $350 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Buyer | When With the application | Amount $150 per adult applicant/occupant. | Refundable Non-refundable |
| Transfer Fee | Paid by Buyer | When With the application | Amount $1,500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $1,000 | Refundable Refundable |
Sublet
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeIncludes one free credit check | Paid by Subtenant | When With the application | Amount $350 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $150 per adult applicant/occupant. | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
| Move In Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
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
- 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
- Purchase or lease by a corporation
- 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
- PermittedSource: The Roebling Team's building profile
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
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 with conditions; species not statedUpon Board ApprovalSource: 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $4,887/yr
- Per unit / month range
- $0 – $19
- Modeled exposure split equally across 21 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 SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) 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 — 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 2025–30. 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.
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.
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 | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 30, 2026 | 12A | 3 BR · 2 BA | $2,500,000 | -12.3% | |
| Jul 21, 2025 | 9A | 2 BR · 2 BA | $2,595,000 | -2.1% | |
| Oct 25, 2021 | 9A | 2 BR · 2 BA | $2,550,000 | -8.8% | |
| Sep 18, 2018 | 8A | 2 BR · 2 BA · 1,500 sf | $2,325,000 | $1,550/sf | +0.0% |
| Jun 7, 2018 | 8B | 4 BR · 3 BA · 2,400 sf | $4,038,200 | $1,683/sf | -4.2% |
| Dec 23, 2016 | 4A | 3 BR | $2,100,000 | -10.6% | |
| Aug 18, 2015 | 9A | 2 BR | $2,325,000 | -0.9% | |
| Jul 2, 2009 | 9A | 2 BR | $1,525,000 | -10.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2018): a median $1,617/sf (recorded) across 2 sales. The building has traded as recently as 2026. Median listing discount 4.2% 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 1-00818-0073). 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 on co-ops is not officially recorded, figures shown are approximate.
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 West 17th Street and nearby.
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.
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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
- 39 West 23rd Street — condominium by COOKFOX Architects
- 40 East 19th Street — 1904 co-op
- 40 West 15th Street — 1903 co-op
- 40 West 22nd Street — 1909 co-op
- 40 West 24th Street — 1905 co-op
- The Bullmoose at 42 East 20th Street — 1899 condominium by Neville & Bagge
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.
646.939.7375 · c.cohen@compass.com