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for saleRealtyLens property overview
$2,195,000
16 W 40th St Apt 16B
Manhattan, NY, 10018
View more Manhattan, NY property pages1Beds
1Baths
1,088Sqft
$2017$/sqft
Market Insights
Near nearby median-4.2%
$2017/sqft vs a nearby median of $2106/sqft.
Nearby median$2106/sqft
Nearby properties8
Property size1,088 sqft
- -4.2% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,088 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.35M$2.23M – $2.48M · 87% confidence
vs ask $2.19M−$157k (−7.2%)
Asking price is about 7.2% below the fair value — likely to draw competing offers if it's still on market.
$2,109/sqft median across 7 tight comps × 1,088 sqft= $2.29M
- Transit access+$92k +4.0%
- Days-on-market gravity−$69k −3.0%
- Modern construction+$34k +1.5%
Cumulative NYC adjustments+$57k+2.5%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
Price history is still limited; review again as more market activity becomes available.
Diligence Read1 item to check
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Listing Details
- Days on market
- 237 days
- Last price change
- No change recorded
- Listed
- Sep 17, 2025
- Photos
- 16 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 4, 2026Initial record
$2,195,000for sale