406 West 45th Street
406 West 45th Street, New York, NY 10036
BBL 1010547502 · BIN 1026421
- Year built
- 2006
- Type
- Condominium
- Units
- 21
- Floors
- 6
- Landmark
- No
- Pets
- Generally pet-friendly; confirm specifics at offer stage
- Subletting
- Permitted under the condominium bylaws
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2007–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,241
- Listing discount
- 0.1%
- Recorded sales
- 38
- On record
- 2007–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Thorndale Condominium 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.
406 West 45th Street, the Thorndale, is a boutique condominium carved from an early-1900s low-rise masonry building on a residential block of Clinton, the western edge of Hell's Kitchen. The 2006 conversion turned a six-story structure with carriage-house-era bones into 21 residences, keeping the intimate scale and street presence of the original while delivering contemporary condominium ownership behind it. It is a small, owner-focused building on a quiet mid-block stretch a short walk from Ninth Avenue's restaurant row and the Midtown West office core.
The appeal is a genuinely boutique condominium in a neighborhood that skews toward larger rental towers and pre-war walk-ups. Buyers here get fee-simple ownership, the light closing process of a condominium, and the flexibility to hold, sublet, or use a residence as a pied-à-terre — all in a 21-home building where the operating profile stays lean and the common areas are shared by a small number of households.
Building operations
The Thorndale operates as a boutique condominium: common areas and building systems are maintained through the common charges, with staffing scaled to a 21-home building — typically a superintendent supported by a virtual-doorman entry system rather than a full-time attended lobby. As a condominium, the building offers deeded, fee-simple ownership. There is no co-op board interview; a purchase clears through the condominium's right of first refusal, and financing is arranged directly between the buyer and lender without co-op-style caps. Pied-à-terre use, investment ownership, and subletting are permitted under the bylaws, and the building is generally pet-friendly. Any transfer fee and the specific sublet terms should be confirmed at offer stage.
Architecture and residences
The Thorndale occupies a six-story masonry building whose lower floors trace back to an early-1900s carriage-house-era structure; the 2006 residential conversion, handled by Lynn Gaffney Architect, reworked the interiors into 21 condominium homes while preserving the building's modest, human-scaled facade. The result reads as a boutique low-rise rather than new-construction glass — a fitting form for its Clinton block.
Inside, the residences carry the hallmarks of a considered conversion: efficient boutique-building layouts, updated kitchens and baths, and the character that comes from a building of this vintage and scale. Because the building is small and each floor holds only a handful of homes, floor plans and light vary meaningfully from unit to unit, and pricing follows those differences closely.
The block and the neighborhood
West 45th Street between Ninth and Tenth Avenues sits in the heart of Clinton — the residential western reach of Hell's Kitchen — a few steps from Ninth Avenue's dense restaurant corridor and within easy walking distance of the Midtown West and Times Square employment centers, the A/C/E at 42nd Street, and the cross-town bus network. The block itself is quiet and residential, a counterpoint to the commercial energy a short walk east, which is precisely the balance many buyers in this corridor are looking for.
Local Law 97
- 2024–2029 annual penalty
- $634/yr
- 2030–2034 annual penalty
- $22,289/yr
- Per unit / month range
- $3 – $88
- Modeled exposure split equally across 21 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 →Recent sales
Condominium pricing at 406 West 45th Street is read on a per-square-foot basis, not against a neighborhood average. This is a 21-unit boutique building, so resale volume is thin by nature, and pricing is driven by the specifics of each home — floor, exposure, layout, ceiling height, and any private outdoor space — rather than by a single building-wide number. A residence should be underwritten on its own footage and condition against the right comparable tier, not on the Clinton or Hell's Kitchen average.
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 |
|---|---|---|---|---|---|
| Apr 18, 2024 | 2A | 1 BR · 1 BA · 665 sf | $825,000 | $1,241/sf | +3.3% |
| Sep 28, 2023 | 4B | 2 BR · 2 BA · 1,050 sf | $1,220,000 | $1,162/sf | -6.2% |
| Sep 23, 2021 | 1B | 2 BR · 2.5 BA · 1,886 sf | $2,450,000 | $1,299/sf | -10.9% |
| Oct 29, 2018 | 5B | 2 BR · 2 BA · 1,050 sf | $1,750,000 | $1,667/sf | -1.4% |
| Dec 18, 2017 | 2C | 2 BR · 2 BA · 1,207 sf | $1,750,000 | $1,450/sf | -5.4% |
| Feb 2, 2017 | 1A | 2 BR · 1,180 sf | $1,599,000 | $1,355/sf | +0.0% |
| Jun 17, 2016 | PHA | 2 BR · 2 BA · 1,074 sf | $2,600,000 | $2,421/sf | -3.7% |
| Jul 28, 2015 | 2D | 2 BR · 1,274 sf | $1,770,000 | $1,389/sf | -1.4% |
Market read. Most recent trades (2024) cleared a median $1,241/sf (floor-adjusted) across 1 sale. 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 0.1% 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 1-01054-7502). 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 Thorndale Condominium, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 2 | $4,650 |
| 2 bedroom | 2 | $8,250 |
4 closed leases, October 2023 to September 2026. Most recent lease July 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% 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
The buying path is a condominium path. There is no board interview; you clear the condominium's right of first refusal, and you arrange financing directly with your lender. Diligence centers on the offering plan and any amendments, the building's financial statements and reserve position, the bylaws and house rules, and — because this is a conversion of an older structure — the age and condition of the building's systems and any capital plans. Within the building, floor, light, layout, and outdoor space drive value.
The reasons to buy are the combination of scale, structure, and location: a genuinely boutique condominium with fee-simple ownership and full use flexibility, on a quiet Clinton block minutes from Midtown West's jobs, transit, and Ninth Avenue's dining.
What to know if you’re selling
The story is scarcity of a particular kind: a small, character-rich condominium conversion in a corridor dominated by larger rental product and walk-ups. Pricing is apartment-specific — footage, floor, light, and condition — so the right approach is to position the individual home's narrative and benchmark it against the correct comparable tier of boutique condominium homes nearby, rather than against the broad neighborhood number. With only 21 residences, comparable supply is limited, which works in a well-prepared seller's favor.
Comparable buildings
If you're considering 406 West 45th Street, also look at these nearby boutique buildings:
- 530 West 45th Street — West 40s boutique condominium for comparison
- 247 West 46th Street — Midtown West boutique building
- 249 West 29th Street — boutique Chelsea-corridor condominium
- 130 West 30th Street — boutique loft-style condominium nearby
- 146 West 26th Street — boutique Chelsea condominium for comparison
More Hell's Kitchen buildings
- 350 West 53rd Street (The Lumiere) — 2005 condominium
- 357 West 55th Street (The Pembroke) — 1935 co-op
- 405 West 53rd Street — 2010 condominium
- The Geneva (408 West 57th Street) — 1956 co-op
- 414 West 51st Street — 1910 condominium
- 414 West 54th Street (The Abbey) — 1986 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Hell's Kitchen — read The Roebling Team Guide to Hell's Kitchen.
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 Thorndale Condominium?
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