The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$425,000
305 E 40th St Apt 10A
Manhattan, NY, 10016
View more Manhattan, NY property pagesStudioBeds
1Baths
450Sqft
$944$/sqft
Market Insights
Above nearby median+15%
$944/sqft vs a nearby median of $821/sqft.
Nearby median$821/sqft
Nearby properties12
Property size450 sqft
- +15% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 450 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$368k$333k – $403k · 45% confidence
vs ask $425k+$57k (+13.4%)
Asking price is about 13.4% above where comps + adjustments land — there is room to negotiate.
$794/sqft median across 3 tight comps × 450 sqft= $357k
- Transit access+$9k +2.5%
- High-density walkability+$7k +2.0%
- Mid-century building era−$5k −1.5%
Cumulative NYC adjustments+$11k+3.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Listing Details
- Days on market
- 14 days
- Last price change
- No change recorded
- Listed
- Apr 28, 2026
- Photos
- 14 photos
- Property type
- coop
- Status
- for sale
Photos
Building Facts
- Year built
- 1963
- Stories
- 21
- Total units
- 361
- Residential units
- 359
- Building area
- 9.05 ac
- Lot size
- 28,325 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D4
From NYC public records where available.
Price History
May 4, 2026Initial record
$425,000for sale