Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
402 W 40th Street

For Sale · Listing by Fischer Group Realty LLC

402 W 40th Street

Hell's Kitchen, Manhattan

$3,295,000

Interested in this property?
Active For Sale • Multi Family

$3,295,000

$760 per sq ft

402 W 40th Street

Hell's Kitchen, Manhattan

MLS® #RLS20118903

RLS at REBNY

Listing by Fischer Group Realty LLC

2
Bedrooms
1.5
Baths
4,337
Sq. Ft.
1917
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2 full, 1 half
Living Area 4,337 sq ft
Lot Size 1,800.54 sq ft
Year Built 1917
Ownership None
Property Taxes $23,369/yr
Neighborhood Hell's Kitchen

Property Highlights

  • Style: Prewar,WalkUp architecture
  • Character: Pre-war building (1917)

Property Details

Type Multi Family
Ownership None
Total Rooms 5
Baths 1 Full, 1 Half
Pets Yes
Cross Street Ninth Avenue/Tenth Avenue
Year Built 1917
Living Area 4,337 sq ft
Architectural Style Prewar,WalkUp
Lot Size 1,800.54 sq ft
Parcel # 0737-0040
Block/Lot 0737/0040

Listing History

Event Date Price Change
Listed Jul 13, 2026 $3,295,000 -
Currently Oct 3, 2026 $3,295,000 -

Description

A Midtown West asset with redevelopment and value-add potential! 402 West 40th Street is positioned between Ninth and Tenth Avenues,just steps from Times Square, Hudson Yards and the Port Authority Bus Terminal. Currently configured as one ground-floor commercial unit an done residential unit above, the property totals approximately 4,337square feet and offers significant redevelopment and value-add potential in one of Manhattan's highest-density corridors.

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Stories 3
Style Prewar,WalkUp

Financial Details

RE Taxes $23,369/yr ($1,947/mo)

Explore real estate opportunities in Hell's Kitchen, Manhattan. Browse available apartments, condos, and co-ops with up-to-date listings and market data.

Hell's Kitchen Live Market Data

View Neighborhood

Active Listings

248

Median Asking Price

$1.09M

Median $/Sqft

$1,393

Avg Days on Market

N/A

New This Week

16

Price Reduced

36%

Sold (30 Days)

19

Median Sale Price

$970K

Live data from RLS at REBNY • Updated 10/3/26, 1:48 AM EST

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Location

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402 W 40th Street, Hell's Kitchen, New York County • Near Ninth Avenue/Tenth Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

R7A
Zoning District

Tax & Assessment

Assessed Value: $72,000
Land Value: $72,000
Exemptions: $0

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

Lot Area: 10,017 SF
Allowed FAR: 4

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 annual property tax is $23,369, or roughly $1,947 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom and 1 half bathroom.

The listed interior living area is 4,337 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1917, making it approximately 109 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $3,295,000 for 4,337 sq ft, the asking price per square foot is approximately $760. 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: RLS20118903
First Listed: 10/2/2026
On Market: 7/13/2026
Price Changed: 10/2/2026
Contract Date: 7/13/2026

Listing Courtesy of Fischer Group Realty LLC - Anita J Fischer

Listing Contact: (212) 563-4272

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 10/3/2026 at 5:48 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Hell's Kitchen Market Update

19 sales last 30 days · $1.09M median · 13.1 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Hell's Kitchen Borough Manhattan
County New York
Year Built 1917
First Listed 10/2/2026
Style Prewar,WalkUp
Living Area 4,337 sqft
Annual Tax $23,369

Monthly Costs Estimate

Down Payment 20%

$659,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $1,947
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 $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$49,425

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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