- Year built
- 1909
- Type
- Cooperative
- Units
- 15
- Floors
- 12
- Landmark
- In a historic district
- 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
- 0.0%
- Recorded sales
- 16
- On record
- 2004–2021
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 40 West 22nd 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 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $16,726/yr
- Per unit / month range
- $0 – $93
- Modeled exposure split equally across 15 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
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, 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 |
|---|---|---|---|---|---|
| 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 | +0.0% |
| 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% |
| 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% |
| May 20, 2005 | 10 | 3 BR · 4,200 sf | $2,675,000 | $637/sf | -2.7% |
Market read. Most recent trades (2021) cleared a median $1,585/sf (recorded) across 1 sale. Median listing discount 0.0% from the last ask.
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 1-00823-0065). 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.
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
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
More Flatiron buildings
- 40 East 19th Street — 1904 co-op
- 40 West 15th Street — 1903 co-op
- 40 West 17th Street — 1909 co-op by Schwartz & Gross
- 40 West 24th Street — 1905 co-op
- The Bullmoose at 42 East 20th Street — 1899 condominium
- 45 East 30th Street (Park South Lofts) — 1922 condominium
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 22nd Street?
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