The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$665,000
407 W 40th St Apt 4B
New York, NY, 10018
View more New York, NY property pages1Beds
1Baths
575Sqft
$1157$/sqft
Listing Notes
This charming one-bedroom walk-up co-op apartment is ideally situated in the highly sought-after Hudson Yards neighborhood. Enjoy living just moments from world-class dining, shopping, and entertainment, as well as nearby green spaces and waterfront attractions, including the green space at Bryant Park, waterfront views along the Hudson River and the uniquely designed park space built over the old railroad tracks. The High Line Walkway is a true testament to urban transformation and creativity. The walkway is only a few blocks from the apartment and intentionally changes seasonally as temperatures shift. Also within a few feet, the Times Square 42nd Street subway Station provides easy access in all directions to all boroughs with A, C, E, 1, 2, 3, 7, N, Q, R, W and S subway lines. The nearby Moynihan Train Station provides easy access to further destinations beyond NYC. Located on the fourth floor of a well-maintained, five-story, ten-unit building. This one-bedroom residence offers both comfort and convenience. The apartment has been thoughtfully maintained and features an updated kitchen and bathroom. The bedroom can be elegantly separated from the living area by using pocket doors that slide into the wall and create distinct rooms.
Market Insights
Below nearby median-27%
$1157/sqft vs a nearby median of $1578/sqft.
Nearby median$1578/sqft
Nearby properties8
Property size575 sqft
- -27% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 575 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$970k$876k – $1.06M · 43% confidence
vs ask $665k−$305k (−45.9%)
Asking price is about 45.9% below the fair value — likely to draw competing offers if it's still on market.
$1,578/sqft median across 5 tight comps × 575 sqft= $907k
- Transit access+$23k +2.5%
- Pre-war character+$23k +2.5%
- High-density walkability+$18k +2.0%
Cumulative NYC adjustments+$63k+7.0%
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.
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Listing Details
- Days on market
- 28 days
- Last price change
- Down $10,000 (1.5%)
- Listed
- Apr 14, 2026
- Photos
- 8 photos
- Property type
- coop
- Status
- for sale
- Last sold
- Mar 23, 1987 · $999,000
Features & Amenities
Security FeaturesHardwood FloorsPets AllowedTwo Or More StoriesUpdated KitchenViewsDenShopping
Photos
Building Facts
- Year built
- 1910
- Stories
- 5
- Total units
- 10
- Residential units
- 10
- Building area
- 6,557 sqft
- Lot size
- 1,843 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C6
From NYC public records where available.
Price History
May 7, 2026diff
$665,000for sale
May 4, 2026Initial record
$675,000for sale
Public Records
DOB violations0 open
2 total recorded against the building
HPD violations0 open
13 total recorded
ACRIS documents36
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
- Mar 18, 1994V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Mar 18, 1993V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- Jun 4, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 22, 2024Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Apr 1, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Mar 15, 2023Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.