667 Lexington Avenue (140 East 56th Street)
667 Lexington Avenue, New York, NY 10022
Midtown East
BBL 1013107502 · BIN 1036625
- Year built
- 1956
- Type
- Condominium
- Units
- 157
- Floors
- 16
- Landmark
- No
- Pets
- Permitted with qualifications under condominium rules
- Subletting
- Permitted, minimum one-year terms, with board approval
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2005
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $717
- Recorded sales
- 7
- On record
- 2004–2005
667 Lexington Avenue — marketed by its residential address, 140 East 56th Street — is one of the more affordable full-service condominiums in Midtown East. It was built in 1956 to a Greenberg & Ames design and converted to a condominium in the mid-1980s, during the wave of conversions that reshaped much of Manhattan's post-war rental stock. It sits at the southeast corner of Lexington Avenue and East 56th Street, in the dense commercial corridor between the Park and Lexington spines, steps from Bloomingdale's and the 53rd and 59th Street subway hubs.
The building trades as an actively liquid, entry-to-mid-price Midtown East condominium — a high-turnover building with a large recorded sale history, popular with pied-à-terre buyers and investors who value the flexibility of condominium ownership near the office core. Because it is a true condominium, apartments are read on a price-per-square-foot basis.
Its practical appeal is condominium flexibility at an accessible price point: 24-hour doorman and concierge service, an on-site parking garage, and comparatively generous financing terms, in a well-located tower with retail at its base. The top six floors carry recessed private terraces, and the mixed-use base includes retail along Lexington Avenue.
Architecture and unit composition
The building is a 16-story mid-century tower with a light beige-brick facade, a stainless-steel entry marquee, and a recessed 56th Street residential entrance with revolving doors. Its top six floors feature recessed private terraces, and eight retail bays line the Lexington Avenue base.
There are 157 residences, weighted toward studios, one-bedrooms, and some two-bedrooms. As a true condominium, apartments are read on a price-per-square-foot basis, with floor, exposure, and the presence of a private terrace as the primary pricing variables. The building is post-war construction and does not carry a fitness center or roof deck.
Building operations
140 East 56th Street operates as a full-service condominium: 24-hour doorman and concierge, attended elevators, a live-in superintendent, a full-service parking garage, a bicycle room, central laundry, and package and storage rooms. Financing is permitted up to 90 percent of the purchase price, which is generous for the category and part of what supports the building's high transaction volume.
As a condominium, the building operates on a right-of-first-refusal basis rather than a co-op board's approve-or-reject discretion, and it accommodates a broad range of purchase structures — secondary residences, co-purchasing, parents buying for children, and diplomatic and corporate purchases are permitted with board approval, subject to defined conditions. Short-term and hotel-style rentals are not permitted. Buyers should confirm the current common-charge and tax schedule, any assessments, and the reserve position during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $113,582/yr
- Per unit / month range
- $0 – $61
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Because this is a true condominium, apartments are read on a price-per-square-foot basis. The building trades as one of the more affordable full-service condominiums in Midtown East, with a large recorded sale history and consistent turnover across studios, one-bedrooms, and two-bedrooms. Pricing is driven by floor, exposure, and whether a unit carries a private terrace. The generous financing terms and the pied-à-terre-friendly framework broaden the buyer pool and support liquidity.
Recent closings 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 |
|---|---|---|---|---|
| Sep 9, 2005 | 12J | 671 sf | $655,000 | $976/sf |
| Mar 23, 2005 | 11L | 744 sf | $491,790 | $661/sf |
| Jan 3, 2005 | 9G | 488 sf | $350,000 | $717/sf |
| Dec 27, 2004 | 10B | 410 sf | $300,000 | $732/sf |
| Dec 3, 2004 | 2K | 1,073 sf | $640,794 | $597/sf |
| Sep 9, 2004 | 2J | 671 sf | $250,000 | $373/sf |
| May 25, 2004 | 8M | 664 sf | $478,000 | $720/sf |
Market read. Most recent trades (2005) cleared a median $717/sf across 3 sales.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01310-7502) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
This is condominium flexibility at an accessible Midtown East price. You are buying a deeded condominium unit, with financing permitted up to 90 percent and a broad range of purchase structures accommodated. That flexibility, plus the price point, is the building's central selling point.
Confirm terrace access and floor. The top six floors carry recessed private terraces, a meaningful pricing and lifestyle differentiator. Verify exposure and terrace access for any unit you are considering.
The location is dense and commercial. The Lexington Avenue and 56th Street corridor carries considerable traffic and retail activity. View the apartment at multiple times of day to assess light and noise.
Confirm carrying costs and reserves. Review the common-charge and property-tax schedule, any assessments, the reserve position, and recent capital projects. Model the full monthly carry.
Run the numbers on transfer costs. Run pricing through the Mansion Tax Calculator where applicable.
What to know if you’re selling
Lead with flexibility and location. The generous financing, pied-à-terre allowance, and steps-to-Bloomingdale's location are the differentiators. Marketing should foreground condominium flexibility at an accessible price.
Terrace and floor are your leverage. Because private-terrace access and floor drive pricing spread, presentation and view documentation materially affect outcome.
Price per square foot against the right comps. Comparable analysis should weight floor, exposure, terrace access, and condition, and benchmark against the corridor's other full-service condominiums.
Comparable buildings
If you're considering 667 Lexington Avenue, also evaluate:
- 100 East 53rd Street — Norman Foster condominium in Midtown East
- 303 East 57th Street — full-service Midtown East / Sutton Place tower
- 322 East 57th Street — Midtown East cooperative near Sutton Place
- Midtown East — the broader corridor's mix of post-war and modern buildings
- Sutton Place — the adjacent East River corridor
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
Considering a move at 667 Lexington Avenue (140 East 56th Street)?
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Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 667 Lexington Avenue (140 East 56th 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.