- Year built
- 1909
- Type
- Cooperative
- Units
- 15
- Floors
- 12
- Landmark
- Designated
- Pets
- Pet-friendly under the cooperative's rules
- Subletting
- At the board's discretion — confirm current policy
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2021
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,585
- Listing discount
- -1.2%
- Recorded sales
- 15
- On record
- 2004–2021
40 West 22nd Street is a boutique loft cooperative in the heart of Flatiron, on the block between Fifth and Sixth Avenues within the Ladies' Mile Historic District. The building rose around 1909 as a Neo-Renaissance loft structure — brick, stone, and terra cotta, twelve stories tall — and was converted to a cooperative in 1976, one of the early loft conversions that defined this stretch of the neighborhood. Today it is a small building of full-floor and floor-through loft residences.
What buyers respond to here is the scale of the individual homes. With just 15 residences across twelve floors, most apartments are full-floor lofts — expansive, light on multiple exposures, with the high ceilings and generous proportions that a former manufacturing building delivers. A key-lock elevator opens directly into the residences, giving each home the privacy of a private landing. This is a building for buyers who want space, light, and loft character on one of Flatiron's best-protected blocks.
The building is for buyers who prize large, light-filled loft living and the character of the Ladies' Mile Historic District in a boutique cooperative.
Architecture and unit composition
40 West 22nd Street reads as a classic Ladies' Mile loft building — a twelve-story Neo-Renaissance masonry structure of brick, stone, and terra cotta, in scale and detail with the protected loft blocks around it. The building's early-20th-century commercial origins define its generous floor plates and ceiling heights, and its position within the Ladies' Mile Historic District protects that character.
Inside, the 15 residences are predominantly full-floor and floor-through lofts, with expansive layouts, high ceilings, and multiple exposures. A key-lock elevator opens directly into the apartments, so each residence enjoys a private landing. Because the homes are large and individually configured, condition, ceiling height, exposure, and the quality of the individual renovation drive value far more than any building average. The low unit count and the full-floor plans give the building its distinctive, spacious character within the Flatiron market.
Building operations
40 West 22nd Street operates as a boutique loft cooperative: a key-lock elevator opening directly into the residences, a full-time superintendent handling packages and building upkeep, and video-intercom security. There is no doorman, gym, or roof deck of the full-service type — this is a small building of large lofts, and the operating model is calibrated to that. As a cooperative, monthly maintenance covers building operations, the underlying mortgage, and real estate taxes; buyers should review the building's financials, the underlying mortgage, and any capital or façade history during due diligence, as is prudent for a Ladies' Mile loft building of this age.
Recent sales
As a cooperative, 40 West 22nd Street is best understood on a price-per-room basis alongside price-per-square-foot, since maintenance, share allocation, and board policy shape value in ways that a pure square-foot figure does not capture. The residences are large full-floor lofts, so pricing turns heavily on the size, ceiling height, exposure, and condition of the individual apartment. Turnover is very light for a building of 15 large lofts, and sales here are ownership resales, not rentals. Apartment-level context — full-floor layout, light, and renovation quality — drives pricing more than any building average, and the Ladies' Mile setting supports pricing for residences that present well.
Recent transfers 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 |
|---|---|---|---|---|---|
| Oct 1, 2021 | — | 4 BR · 3 BA · 4,100 sf | $6,500,000 | $1,585/sf | +4.0% |
| Dec 31, 2020 | 11 | 4 BR · 2 BA · 4,100 sf | $5,615,000 | $1,370/sf | -6.3% |
| Jul 31, 2017 | 7AB | 4 BR · 3,000 sf | $3,695,000 | $1,232/sf | off-mkt |
| Jul 28, 2017 | 701 | 4 BR · 3,000 sf | $3,695,000 | $1,232/sf | -7.5% |
| Nov 17, 2015 | 2 | 4 BR · 3 BA · 4,100 sf | $7,200,000 | $1,756/sf | -0.7% |
| Feb 7, 2013 | 5 | 3 BR | $3,800,000 | +4.1% | |
| Jan 18, 2008 | 4B | 1 BR · 1,100 sf | $1,128,000 | $1,025/sf | +3.0% |
| Jun 1, 2005 | 2 | 3 BR · 4,100 sf | $3,000,000 | $732/sf | +5.3% |
Market read. Most recent trades (2021) cleared a median $1,585/sf across 1 sale. Median listing discount -1.2% over ask.
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 |
|---|---|---|
| Nov 24, 2021 | 9 | $6,750,000 |
| Feb 7, 2019 | 7C | $1,410,000 |
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 1-00823-0065) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
These are large, full-floor lofts. Most residences occupy an entire floor — space, light, and ceiling height are the assets, and they set this building apart from smaller Flatiron apartments.
The direct-entry elevator is a real feature. A key-lock elevator opening into each residence gives the privacy of a private landing.
This is a cooperative — expect a board process. Purchase requires board approval; financial requirements, sublet policy, and pied-à-terre allowance should be confirmed in writing before you commit.
Amenities are minimal — that's the trade. A full-time super and video intercom rather than a doorman or gym; the value is in the apartments and the location.
The Ladies' Mile setting protects the character. The building's block between Fifth and Sixth is within the historic district, which supports the loft character and the address.
Review the cooperative's financials. As a coop, the underlying mortgage, maintenance, reserves, and any capital or façade work should be reviewed during due diligence.
Mansion tax thresholds apply. At this building's pricing, the $1M, $2M, and higher cliffs can be in play. Run pricing through the Mansion Tax Calculator.
Variable board financial policy — confirm at offer stage. Financing percentages and sublet terms specific to your situation should be confirmed in writing before you commit.
What to know if you’re selling
Lead with the full-floor lofts. Space, ceiling height, light, and the direct-entry elevator are the story; foreground the scale of the home.
Pricing requires apartment-level comps. With 15 large lofts of varying layout and renovation, the individual apartment drives the number; price on rooms and condition, not a building average.
Present the scale and the light. Photography that reads the full-floor proportions, the ceiling height, and the multiple exposures supports price.
Comparable buildings
If you're considering 40 West 22nd Street, also evaluate these nearby Flatiron and Ladies' Mile loft buildings:
- 7 East 20th Street — nearby Flatiron loft condominium
- 42 East 20th Street — nearby Flatiron loft building
- 121 West 19th Street — nearby Flatiron/Chelsea loft building
- 121 West 20th Street — nearby Flatiron/Chelsea loft building
- 39 West 23rd Street — nearby Flatiron loft building
The Roebling Team at 40 West 22nd Street
The Roebling Team at Compass works the full Flatiron, Ladies' Mile, and Chelsea market, including its boutique loft cooperatives. We publish this profile because buyers and sellers of full-floor loft buildings deserve building-level intelligence — architecture, amenity reality, and apartment-level pricing context — rather than generic market commentary.
If you're considering a purchase or sale at 40 West 22nd Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
Get the full picture on this building.
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