The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$423,750
305 E 40th St Apt 3X
New York, NY, 10016
View more New York, NY property pagesStudioBeds
1Baths
475Sqft
$892$/sqft
Market Insights
Above nearby median+18%
$892/sqft vs a nearby median of $755/sqft.
Nearby median$755/sqft
Nearby properties8
Property size475 sqft
- +18% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 475 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$346k$315k – $377k · 49% confidence
vs ask $424k+$78k (+18.4%)
Asking price is about 18.4% above where comps + adjustments land — there is room to negotiate.
$755/sqft median across 3 tight comps × 475 sqft= $359k
- Open Class C HPD violations−$16k −4.5%
- Transit access+$9k +2.5%
- Mid-century building era−$5k −1.5%
Cumulative NYC adjustments−$13k−3.5%
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
- 18 days
- Last price change
- No change recorded
- Listed
- Apr 24, 2026
- Photos
- 12 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
$423,750for sale
Public Records
DOB violations5 open
54 total recorded against the building
HPD violations5 open
3 class C (immediately hazardous)
ACRIS documents496
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)20,994
Top: noise - residential
Top complaint types in ZIP 10016
- Noise - Residential3,095
- Encampment1,859
- Noise - Helicopter1,533
- Illegal Parking1,393
- Homeless Person Assistance1,091
Recent DOB
- Jul 19, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
- Jul 19, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
- Jul 19, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
- Jul 19, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
Recent HPD
- Jun 5, 2025Class A · § 27-2046.1 HMC: POST A PROPER NOTICE OF CARBON MONOXIDE DETECTING DEVICE REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, IN A COMMON AREA OF A CLASS A MULTIPLE DWELLING N...
- Jun 5, 2025Class A · § 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BOX MISSING AT PUBLIC HALL, 1st STORY
- Jun 5, 2025Class A · § 27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND THE ADDRESS OF THE BUILDING. AT PUBLI...
- Jun 5, 2025Class A · § 27-2005 HMC: POST, IN A FORM APPROVED BY THE COMMISSIONER, AND MAINTAIN A NOTICE IN A COMMON AREA OF THE BUILDING REGARDING THE PROCEDURES THAT SHOULD BE FOLLOWED WHEN A GAS L...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.