NOT LISTED FOR SALE

54-56 W 40th St New York, NY 10018

Garment District Neighborhood

Estimated Value: $42,435,430

-- Bed
-- Bath
40,667 Sq Ft
$1,043/Sq Ft Est. Value

About This Home

This home is located at 54-56 W 40th St, New York, NY 10018 and is currently estimated at $42,435,430, approximately $1,043 per square foot. 54-56 W 40th St is a home located in New York County with nearby schools including P.S. 51 Elias Howe, Clinton School, and Middle School 297.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2012
Sold by
Daytop Village Foundation Incorporated
Bought by
54 West 40Th Realty Llc
Current Estimated Value
$42,435,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,850,669
Interest Rate
3.76%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
54 West 40Th Realty Llc $32,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 43 West 39Th Realty Llc $44,000,000
Closed 43 West 39Th Street Llc $4,900,000
Closed Daytop Village Foundation Incorporated $8,850,669
Closed 54 West 40Th Realty Llc $7,000,000
Previous Owner Daytop Village Foundation Incorporated $750,000
Previous Owner Daytop Village Foundation Incorporated $8,355,693
Previous Owner Daytop Village Foundation Incorporated $2,999,999
Previous Owner Daytop Village Foundation Incorporated $3,000,001
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,240,379 $11,815,930 $2,322,000 $9,493,930
2024 $1,240,379 $11,710,530 $2,322,000 $9,388,530
2023 $1,204,622 $11,315,250 $2,322,000 $8,993,250
2022 $1,169,940 $12,145,950 $2,322,000 $9,823,950
2021 $961,353 $8,989,650 $2,322,000 $6,667,650
2020 $976,901 $11,240,100 $2,322,000 $8,918,100
2019 $859,259 $11,314,800 $2,322,000 $8,992,800
2018 $755,776 $11,399,400 $2,322,000 $9,077,400
2017 $622,114 $7,353,900 $2,322,000 $5,031,900
2016 $581,300 $5,746,950 $2,322,000 $3,424,950
2015 -- $5,405,273 $2,322,000 $3,083,273
2014 -- $4,498,200 $2,322,000 $2,176,200
Source: Public Records

Map

New York New York County New York 10018 Garment District

54-56 W 40th St, New York, NY

This home is located at 54-56 W 40th St, New York, NY 10018 and is currently estimated at $42,435,430, approximately $1,043 per square foot. 54-56 W 40th St is a home located in New York County with nearby schools including P.S. 51 Elias Howe, Clinton School, and Middle School 297.

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