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Manhattan / Murray Hill-Kips Bay / 10016

250 EAST 40 STREET

Boro1
Block920
Lot7501
BBL1009207501
Class RM
Residential units
232
Units in total
237
Storeys
48
Year built
1988
Last alteration on file
-
Recorded transfers
265 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
8 Jun 2026$840,00010ASINGLE RESIDENTIAL CONDO UNITDEED
5 Jun 2026$600,00021CSINGLE RESIDENTIAL CONDO UNITDEED
18 May 2026$975,00030FSINGLE RESIDENTIAL CONDO UNITDEED
15 Apr 2026$888,00017FSINGLE RESIDENTIAL CONDO UNITDEED
22 Jan 2026$725,0005ASINGLE RESIDENTIAL CONDO UNITDEED
24 Nov 2025$1,050,00022BSINGLE RESIDENTIAL CONDO UNITDEED
22 Oct 2025$1,100,00016FSINGLE RESIDENTIAL CONDO UNITDEED
10 Jan 2025$825,00012ESINGLE RESIDENTIAL CONDO UNITDEED
23 Aug 2024$600,0003DSINGLE RESIDENTIAL CONDO UNITDEED
28 Jun 2024$1,300,00035BSINGLE RESIDENTIAL CONDO UNITDEED
14 Jun 2024$655,00024DSINGLE RESIDENTIAL CONDO UNITDEED
31 Jan 2024$620,00028CSINGLE RESIDENTIAL CONDO UNITDEED
18 Oct 2023$610,00024CSINGLE RESIDENTIAL CONDO UNITDEED
10 Oct 2023$580,00022CSINGLE RESIDENTIAL CONDO UNITDEED
8 Sep 2023$645,0006DSINGLE RESIDENTIAL CONDO UNITDEED
21 Mar 2023$1,950,00047ASINGLE RESIDENTIAL CONDO UNITDEED
23 Feb 2023$800,0003ESINGLE RESIDENTIAL CONDO UNITDEED
4 Jan 2023$10047ASINGLE RESIDENTIAL CONDO UNITDEED
22 Dec 2022$910,00014ESINGLE RESIDENTIAL CONDO UNITDEED
31 Oct 2022$790,00014ASINGLE RESIDENTIAL CONDO UNITDEED
28 Jul 2022$935,00010ESINGLE RESIDENTIAL CONDO UNITDEED
8 Jun 2022$799,00031ASINGLE RESIDENTIAL CONDO UNITDEED
2 Jun 2022$915,0005FSINGLE RESIDENTIAL CONDO UNITDEED
27 May 2022$660,0009DSINGLE RESIDENTIAL CONDO UNITDEED
27 Apr 2022$948,00029ESINGLE RESIDENTIAL CONDO UNIT2 lotsDEED
15 Mar 2022$1,026,00033ESINGLE RESIDENTIAL CONDO UNITDEED
25 Feb 2022$876,5259FSINGLE RESIDENTIAL CONDO UNITDEED
28 Jan 2022$800,00023ASINGLE RESIDENTIAL CONDO UNITDEED
1 Nov 2021$750,00019ASINGLE RESIDENTIAL CONDO UNITDEED
6 Oct 2021$1,245,00018BSINGLE RESIDENTIAL CONDO UNITDEED
10 Sep 2021$920,00032FSINGLE RESIDENTIAL CONDO UNITDEED
20 Jul 2021$715,00035ASINGLE RESIDENTIAL CONDO UNITDEED
7 Jul 2021$1,300,00017BSINGLE RESIDENTIAL CONDO UNITDEED
15 Jun 2021$950,00022ESINGLE RESIDENTIAL CONDO UNITDEED
12 Mar 2021$1021FSINGLE RESIDENTIAL CONDO UNITDEED
14 Aug 2020$795,00031ASINGLE RESIDENTIAL CONDO UNITDEED
30 Jun 2020$900,00012ESINGLE RESIDENTIAL CONDO UNITDEED
17 Apr 2020$534,0003CSINGLE RESIDENTIAL CONDO UNITDEED
10 Jan 2020$515,00031CSINGLE RESIDENTIAL CONDO UNITDEED
3 Jan 2020$770,00033ASINGLE RESIDENTIAL CONDO UNITDEED
265 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20265$840,000$600,000$975,000
20253$1,050,000$825,000$1,100,000
20244$637,500$600,000$1,300,000
20236$627,500$100$1,950,000
202210$893,263$660,000$1,026,000
20217$920,000$10$1,300,000
20205$770,000$515,000$900,000
20196$1,132,500$679,000$1,850,000
201818$1,069,000$202,800$2,125,000
201713$910,000$10$2,142,287
201611$940,000$600,000$1,225,000
201514$956,250$200,000$1,900,000
20146$845,000$545,000$1,120,000
20139$715,000$505,000$1,700,000
20128$752,000$492,500$2,862,500
20118$697,500$228,816$1,760,000
201011$690,000$420,000$1,480,000
20095$805,000$590,000$1,550,000
20088$695,000$470,000$990,000
200710$737,500$650,000$999,999
200624$737,000$10$1,625,000
200523$745,000$1$2,320,000
200429$535,000$319,000$1,300,000
200322$433,750$275,000$665,000
02

The building on the lot

Section through the lot

LOT 11,924 SQ FT48
Drawn from PLUTO: 48 storeys, 200,417 sq ft of building on 11,924 sq ft of lot, an average floor plate covering 35% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
11,924 sq ft
Building area
200,417 sq ft
Residential area
195,574 sq ft
Commercial area
4,843 sq ft
Office area
-
Retail area
4,843 sq ft
Buildings on the lot
1
Built floor area ratio
16.81
Residential FAR permitted
10
Zoning district
C1-9
03

Assessment

Assessed land value
$4,593,638
Assessed total value
$32,915,301
Exempt value
$1,504,099
Assessed per residential unit
$141,876

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
Murray Hill-Kips Bay
ZIP code
10016
Community district
Manhattan 6
Council district
4
Coordinates
40.74854, -73.973654

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Murray Hill-Kips Bay

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
333 EAST 30 STREETRM1,1171962733$795k
500 2 AVENUED689419751-
235 EAST 42 STREETD688419600-
330 EAST 38 STREETRM8301989858$1.17m
1 TUDOR CITY PLACED47991930634$320k
151 EAST 31 STREETD670919880-
300 EAST 40 STREETRM5861967475$765k
219 EAST 42 STREETD656119050-
685 FIRST AVENUERM5562016151$2.41m
330 EAST 39 STREETD651019800-
630 1 AVENUERM4841984427$875k
222 EAST 34 STREETD848020020-

Every building on file in Murray Hill-Kips Bay