The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,695,000
400 E 56th St Unit Medical
Manhattan, NY, 10022
View more Manhattan, NY property pagesStudioBeds
1.5Baths
3,257Sqft
$520$/sqft
Market Insights
Below nearby median-53%
$520/sqft vs a nearby median of $1095/sqft.
Nearby median$1095/sqft
Nearby properties12
Property size3,257 sqft
- -53% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 3,257 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.42M$3.09M – $3.76M · 42% confidence
vs ask $1.70M−$1.73M (−101.9%)
Asking price is about 101.9% below the fair value — likely to draw competing offers if it's still on market.
$1,095/sqft median across 5 tight comps × 3,257 sqft= $3.57M
- Visible condition issues−$107k −3.0%
- Mid-century building era−$53k −1.5%
- Transit access+$18k +0.5%
Cumulative NYC adjustments−$143k−4.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
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
- 12 days
- Last price change
- No change recorded
- Listed
- Apr 30, 2026
- Photos
- 22 photos
- Property type
- coop
- Status
- for sale
Photos
Building Facts
- Year built
- 1969
- Stories
- 38
- Total units
- 636
- Residential units
- 629
- Building area
- 22.21 ac
- Lot size
- 1.07 ac
- Land use
- Multi-family elevator buildings
- Building class
- D4
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,695,000for sale