The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,950,000
16 W 40th St Apt 20B
New York, NY, 10018
View more New York, NY property pages1Beds
1Baths
1,074Sqft
$1816$/sqft
Market Insights
Below nearby median-17%
$1816/sqft vs a nearby median of $2181/sqft.
Nearby median$2181/sqft
Nearby properties12
Property size1,074 sqft
- -17% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 1,074 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.44M$2.30M – $2.58M · 83% confidence
vs ask $1.95M−$489k (−25.1%)
Asking price is about 25.1% below the fair value — likely to draw competing offers if it's still on market.
$2,183/sqft median across 11 tight comps × 1,074 sqft= $2.35M
- Transit access+$59k +2.5%
- Modern construction+$35k +1.5%
Cumulative NYC adjustments+$94k+4.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
Diligence Read1 item to check
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 14 days
- Last price change
- Down $100,000 (4.9%)
- Listed
- Apr 28, 2026
- Photos
- 12 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 2015
- Stories
- 33
- Total units
- 58
- Residential units
- 57
- Building area
- 4.24 ac
- Lot size
- 12,178 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- RM
From NYC public records where available.
Price History
May 12, 2026diff
$1,950,000for sale
May 4, 2026Initial record
$2,050,000for sale
Public Records
DOB violations2 open
43 total recorded against the building
HPD violations3 open
5 total recorded
ACRIS documents0
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)9,565
Top: encampment
Top complaint types in ZIP 10018
- Encampment1,987
- Homeless Person Assistance618
- Illegal Parking594
- Noise533
- Obstruction387
Recent DOB
- Feb 10, 2026V*-DOB VIOLATION - DISMISSED · C-CONSTRUCTION OTHER OPTIONAL
- Jun 30, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jun 30, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jun 30, 2023V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Jun 16, 2023Class B · § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE EAST WALL IN THE BATHROOM LOCATED AT APT 22A, 22nd STORY, 1st APARTMENT FROM NORTH AT EAST
- Jun 16, 2023Class B · § 27-2026 ADM CODE REPLACE THE BROKEN OR DEFECTIVE BASIN SINK IN THE BATHROOM LOCATED AT APT 22A, 22nd STORY, 1st APARTMENT FROM NORTH AT EAST
- Jun 16, 2023Class B · § 27-2026 ADM CODE REPLACE THE BROKEN OR DEFECTIVE WATER CLOSET IN THE BATHROOM LOCATED AT APT 22A, 22nd STORY, 1st APARTMENT FROM NORTH AT EAST
- May 16, 2022Class C · § 27-2026 ADM CODE REMOVE ALL OBSTRUCTIONS FROM WATER CLOSET ... IN THE BATHROOM LOCATED AT APT 22A, 21st STORY, 1st APARTMENT FROM WEST AT NORTH
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.