Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 W 55TH Street #5A

For Sale · Listing by Douglas Elliman Real Estate

40 W 55TH Street #5A

Midtown, Manhattan

$1,895,000

Interested in this property?
Active For Sale Condo

$1,895,000

$1,400 per sq ft

40 W 55TH Street #5A

Midtown, Manhattan

MLS® #RLS20091064

RLS at REBNY

Listing by Douglas Elliman Real Estate

2
Bedrooms
2
Baths
1,354
Sq. Ft.
1924
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,354 sq ft
Year Built 1924
Ownership Condo
HOA/Common Charges $1,544/mo
Property Taxes Contact for details
Neighborhood Midtown
Floor 5 of 10

Property Highlights

  • Views: Other
  • Fireplace: 1 fireplace
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 5 of 10
View Other
Cooling Other
Pets Yes
Year Built 1924
Living Area 1,354 sq ft
Structure Type HighRise
Basement Other
Parcel # 1270-1018
Block/Lot 01270/1270

Listing History

Event Date Price Change
Listed May 13, 2026 $1,975,000 -
Currently Aug 14, 2026 $1,895,000 -4.1%

Description

Welcome to Apt 5A at 40 West 55th Street, located in the heart of Midtown Manhattan. This charming prewar condominium features 2 bedrooms and 2 bathrooms, thoughtfully laid out over 1,354 square feet. The apartment is situated on the 5th floor of the boutique building, which was originally built in 1925 and converted in 2006, offering a blend of historic elegance and modern living. Designed by esteemed architect Rosario Candela, the building stands at 10 stories with a total of 35 unique units and only four units per floor, ensuring a more private and intimate atmosphere. Entering the unit, you are greeted by an entry foyer that leads into a spacious living room with high ceilings, perfect for relaxation or entertaining. The living room features a wood-burning fireplace and offers serene views facing North over 55th Street. The formal dining room is an excellent multifunctional space that can easily fulfill the role of a den or even a possible third bedroom. The windowed kitchen benefits from abundant natural light coming from the West and features ample storage, catering to all your culinary needs. Both bedrooms are generously sized, providing comfortable relaxation zones, while the windowed bathrooms allow for natural light and ventilation. Key unit features include hardwood floors, thru wall air conditioning, substantial closet space, and prewar construction elements that add character to this charming apartment. The building amenities enhance your living experience, providing a doorman, elevator access, a garden, and a roof deck that offers stunning views of the surrounding skyline. The pet-friendly policy permits residents to enjoy their furry companions. This central location makes it easy to access all major transportation options, including the F, B, D, E, N, Q, R, and W subway lines, providing unmatched convenience. Residents are just a few blocks away from Central Park, the Museum of Modern Art (MOMA), premier Fifth Avenue shopping, and the vibrant theater district. With a focus on community and accessibility, this property is a prime choice for those seeking a comfortable and sophisticated lifestyle in New York City. The building has a 24 hour attended lobby and a central laundry room.

Features & Amenities

Interior Features

Building Other Fireplace (1)

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Elevators Storage

Building Information

Building Data View Compliance & Permits
Total Units 36
Stories 10
Structure HighRise

Financial Details

Common Charges $1,544/mo
RE Taxes Contact for details
Original Price $1,975,000
Previous Price $1,975,000

Midtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every subway line in the system. Properties range from high-floor units with skyline panoramas to well-maintained co-ops along the tree-lined side streets east and west of Fifth Avenue.

Midtown Live Market Data

View Neighborhood

Active Listings

184

Median Asking Price

$1.99M

Median $/Sqft

$1,819

Avg Days on Market

N/A

New This Week

1

Price Reduced

33%

Sold (30 Days)

7

Median Sale Price

$1.03M

Live data from RLS at REBNY • Updated 8/14/26, 7:48 AM EST

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Location

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40 W 55TH Street #5A, Midtown, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
2
Floors
2
Residential Units
R5
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $81,480
Land Value: $20,280
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,500 SF
Building Area: 2,306 SF
Built FAR: 0.92
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,544 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,354 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1924, making it approximately 102 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property: no,Building Pets Allowed Comments:no. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,895,000 for 1,354 sq ft, the asking price per square foot is approximately $1,400. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20091064
First Listed: 5/13/2026
On Market: 5/13/2026
Price Changed: 6/23/2026
Contract Date: 5/13/2026

Listing Courtesy of Douglas Elliman Real Estate - Elan Gabai

Listing Contact: (646) 552-2143

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/14/2026 at 11:48 AM UTC

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Midtown Market Update

7 sales last 30 days · $1.99M median · 26.3 months supply

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Quick Facts

Status Active Type Condo Neighborhood Midtown Borough Manhattan
County New York
Floor 5 of 10
Year Built 1924
First Listed 5/13/2026
Living Area 1,354 sqft
Common Charges $1,544/mo

Monthly Costs Estimate

Down Payment 20%

$379,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $1,544
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$18,950

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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