The Laurel (400 East 67th Street)
400 East 67th Street, New York, NY 10065
Lenox Hill, Upper East Side
BBL 1014617501 · BIN 1087926
- Year built
- 2008
- Type
- Condominium
- Units
- 128
- Floors
- 31
- Landmark
- No
- Pets
- Pets permitted (dogs and cats) under the condominium rules
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2008–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,409
- Listing discount
- 6.2%
- Recorded sales
- 226
- On record
- 2008–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Laurel 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.
The Laurel is a 2008 luxury condominium at the corner of First Avenue and 67th Street, developed by the Alexico Group to a Costas Kondylis design in contemporary limestone and glass, and LEED-certified. Its defining feature is the amenity program: roughly 12,000 square feet across two clubs, anchored by a 50-foot lap pool, resistance and current pools, a full spa-grade fitness suite, a screening room, a private dining room with catering kitchen, a game room, a double-height lounge, a library, and a wine bar. In the Lenox Hill condominium tier, that amenity depth is a genuine differentiator and the building's central value proposition.
The building's second draw is condominium flexibility with a light transactional touch. Apartments transact freely, financing is not capped by a co-op board, and the building runs a right-of-first-refusal process with no board interview — a materially more permissive posture than the corridor's cooperative inventory, and a specific reason investor, pied-à-terre, and entity buyers gravitate here.
The honest trade is transit. The Laurel sits well east on 67th Street, and the nearest subway is a walk west — the 6 at 68th Street and the F/Q at Lexington and 63rd. Buyers who value the light, the river-side quiet opposite St. Catherine's Park, and the amenity package read the location as a feature; buyers who prioritize a short subway walk weigh it.
Architecture and unit composition
The roughly 128 residences run from studios through four-bedroom layouts across the tower's approximately 31 stories, with in-unit washer/dryers and a contemporary new-development finish package. Most lines do not carry private balconies; the design prioritizes floor-to-ceiling glass and open exposures over outdoor space, with upper floors capturing river and city sight lines.
Kondylis's limestone-and-glass exterior gives the building a clean contemporary presence on the First Avenue frontage, and the LEED certification reflects the era's move toward higher-performance new construction.
Building operations
The Laurel operates as a full-service luxury condominium with a 24-hour doorman and concierge and a live-in resident manager. The two-club amenity suite — the Trophy Club fitness and aquatics program and the Laurel Club social spaces — is the operational centerpiece, supported by an on-site parking garage, a bike room, and private storage.
Two operating notes matter for diligence. First, the building's original 421-a tax abatement is expiring or expired heading into 2026, which raises property-tax carrying costs relative to the sellout era; buyers should confirm the current tax bill for the specific unit. Second, common charges reflect the extensive amenity infrastructure. Model the full carry and review the building's financials and reserve position during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $305,384/yr
- 2030–2034 annual penalty
- $505,097/yr
- Per unit / month range
- $199 – $329
- Modeled exposure split equally across 128 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 FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 2015–20 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.
421-a Tax Abatement
- Last year of benefit
- FY2021
- Fully taxed from
- FY2022 (2021–22)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2022 runs July 1, 2021 to June 30, 2022. The benefit last appears on the 2021 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
The Laurel trades as a full-amenity Lenox Hill condominium, and the amenity package supports pricing relative to peer buildings that lack a comparable pool and fitness suite. Pricing steps up from the studios and smaller units to the large, high-floor three- and four-bedroom homes, with the upper floors capturing the river and city sight lines.
Pricing is heterogeneous by floor, exposure, and layout, and the tax-abatement burn-off is a live variable in the carry. Comparable analysis should reference recent closings on the specific line and floor, and the current tax bill, rather than a single building-wide average.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 |
|---|---|---|---|---|---|
| Aug 21, 2026 | 24B | 2 BR · 3 BA · 1,700 sf | $2,800,000 | $1,647/sf | off-mkt |
| Apr 22, 2026 | 11D | 1 BR · 2 BA · 1,100 sf | $1,535,000 | $1,395/sf | -9.4% |
| Apr 2, 2026 | 20B | 2 BR · 3 BA · 1,700 sf | $2,510,000 | $1,476/sf | +0.6% |
| Feb 6, 2026 | 10D | 2 BR · 2 BA · 1,100 sf | $1,520,000 | $1,382/sf | -4.7% |
| Nov 4, 2025 | 12D | 2 BR · 2.5 BA · 1,549 sf | $2,500,000 | $1,614/sf | -2.0% |
| Oct 13, 2025 | 25C | 4 BR · 3.5 BA · 2,778 sf | $5,100,000 | $1,836/sf | +0.0% |
| Aug 4, 2025 | 7B | 2 BR · 2.5 BA · 1,318 sf | $2,062,500 | $1,565/sf | -9.3% |
| Apr 1, 2025 | 18A | 3 BR · 3.5 BA · 1,976 sf | $3,300,000 | $1,670/sf | -17.5% |
Market read. Most recent trades (2026) cleared a median $1,409/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 6.2% 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 1-01461-7501). 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 from recorded condo declarations and offering plans.
Closed rents at The Laurel, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 7 | $10,700 |
| 3 bedroom | 6 | $16,000 |
16 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $2.51M (10 sales since 2024), a buyer putting 25% down would pay about $103,494 to close, or 4.1% of the price.
- Mansion tax: $31,375
- Mortgage recording tax: $36,238
- Title insurance: $11,295
- Attorneys, lender, building fees, reserves and filings: $24,586
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The amenity suite is the draw. A 50-foot lap pool, a spa-grade fitness program, and a full social-club suite across roughly 12,000 square feet are among the deepest amenity offerings in Lenox Hill.
The transaction is permissive. Condominium flexibility, no board interview (right of first refusal only), and pied-à-terre and investor use permitted. Closings are condo-fast.
Confirm the current tax bill. The original 421-a abatement is expiring or expired; property taxes are higher than at sellout. Confirm the specific unit's bill.
Weigh the transit trade. The nearest subway is a walk west; factor that against the location's quiet and the amenity package.
What to know if you’re selling
Lead with the amenity depth and the flexibility. The two-club program and the no-interview transaction are the building's most marketable features.
Address the tax picture proactively. Buyers will model the abatement burn-off; have the current tax figures ready.
Price at the line and floor. Exposure, floor, and layout drive meaningful variation; reference the specific line's comparables.
Comparable buildings
If you're considering The Laurel, also evaluate:
- 200 East 62nd Street — nearby Lenox Hill condominium (2015 conversion) with a full amenity set
- 188 East 64th Street (The Royale) — Lenox Hill condominium with terraces and full-service amenities
- 400 East 70th Street (The Kingsley) — nearby First Avenue condominium
- 301 East 66th Street — Lenox Hill condominium near Manhattan House
- Manhattan House — landmark Lenox Hill condominium (trade-up comparison)
- The Kingsley (400 East 70th Street) — a 1984 Lenox Hill condominium
More Upper East Side buildings
- Century Tower (400 East 90th Street) — condominium by H. Thomas O'Hara Architects
- Emery Towers, 400 East 77th Street — 1964 co-op
- The Kingsley (400 East 70th Street) — 1984 condominium by Stephen B. Jacobs Group
- The Strathmore (400 East 84th Street) — 1994 condop by Costas Kondylis & Partners
- 401 East 84th Street (The Dunhill) — new-construction condominium by Liebman & Liebman
- Bridge Tower Place (401 East 60th Street) — 2000 condominium by Costas Kondylis & Partners
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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 The Laurel?
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