Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
240 CENTRE Street #3B
Interested in this property?
Active For Rent Co-op

$15,000/mo

$11 per sq ft

240 CENTRE Street #3B

Little Italy, Manhattan

The Police Building

MLS® #RLS20082090

RLS at REBNY

Listing by Douglas Elliman Real Estate

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

2

Bedrooms

2

Baths

1,400

Sq. Ft.

1909

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,400 sq ft
Year Built 1909
Ownership Co-op
Neighborhood Little Italy
Floor 3 of 5

Property Highlights

  • Views: City, River
  • Exposure: West facing
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 3 of 5
View City, River
Exposure West
Cooling Central Air
Pets Yes, SizeLimit
Year Built 1909
Living Area 1,400 sq ft
Structure Type HighRise
Furnished Furnished
Basement Other
Block/Lot 00472/7501

Listing History

Event Date Price Change
Listed Apr 7, 2026 $15,000 -
Currently May 1, 2026 $15,000 -

Description

Grande, lavish, and opulent. This extraordinary duplex residence redefines downtown luxury. Once featured in Architectural Digest , this two bedroom, two bath apartment is set within the landmarked Beaux Arts Police Building, known for its white glove service and timeless elegance.

The dramatic loft layout features a breathtaking forty foot great room with double height ceilings, west facing windows that flood the space with natural light, and an open kitchen with top brand appliances. A chic home office area and new Bosch washer and dryer complete the main level's refined functionality.

The primary suite on the main floor evokes another era with its soaring proportions, an entire wall of closets, and a marble clad ensuite bath with a deep soaking tub. The upstairs loft bedroom overlooks the grand living space for an airy open feel and includes a private ensuite bath and generous closet.

Originally built in 1909 as the New York City Police Headquarters, The Police Building remains one of Manhattan's most coveted architectural masterpieces. Landmark protected since 1978 and listed on the National Register of Historic Places, the building offers residents a rare blend of history, service, and sophistication.

Amenities include a twenty four hour doorman and concierge, resident manager, fitness center, English garden, valet, and impeccable security. Perfectly positioned at the crossroads of Nolita, Soho, and Little Italy, the address places you moments from world class dining, boutiques, and downtown's cultural energy.

A true collector's residence that offers heritage, drama, and enduring elegance in equal measure. Pets and subletting welcome.

Features & Amenities

Interior Features

Dining Area Building None Washer Hookup In Unit

Exterior Features

Building Courtyard Private Outdoor Space Under60 Sqft

Building Amenities

Elevators Storage

Appliances

Washer Dryer Allowed

Building Information

Rental Details

Available

4/7/2026

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$15,000

Security Deposit

$15,000

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$1,250
Est. nightly rate
65%
Avg. occupancy
$24,375
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

Little Italy occupies a compact corridor along Mulberry Street in Lower Manhattan between Canal and Houston Streets, defined by red-brick tenement buildings, prewar walk-ups, and cast-iron-facade commercial structures dating to the late 19th century. St. Patrick's Old Cathedral, completed in 1815, anchors the neighborhood's architectural heritage alongside narrow storefronts and fire-escape-lined facades. The 6 train at Spring Street, N/R/W at Canal Street, and J/Z at Bowery place multiple subway options within a short walk.

Little Italy Live Market Data

View Neighborhood

Active Listings

8

Median Asking Price

$2.54M

Median $/Sqft

$2,013

Avg Days on Market

N/A

New This Week

0

Price Reduced

13%

Sold (30 Days)

0

Median Sale Price

$1.95M

Live data from RLS at REBNY • Updated 4/30/26, 11:46 PM EST

Recently Sold in Little Italy

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Location

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240 CENTRE Street #3B, Little Italy, New York County

Building Information

Official NYC property records for this building

1909
Year Built
117 years old
8
Floors
54
Residential Units
C6-2G
Zoning District
Condominiums NYC Landmark

Tax & Assessment

Assessed Value: $21,171,600
Land Value: $2,441,250
Exemptions: $6,222,190

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

Lot Area: 29,375 SF
Building Area: 138,120 SF
Built FAR: 4.7
Allowed FAR: 6.02

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 monthly maintenance are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,400 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1909, making it approximately 117 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: small dog or cat,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $15,000 for 1,400 sq ft, the asking price per square foot is approximately $11. This figure is for reference only and may differ from appraised or assessed values.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20082090
First Listed: 4/7/2026
On Market: 4/7/2026
Price Changed: 4/7/2026
Contract Date: 4/7/2026

Listing Courtesy of Douglas Elliman Real Estate - Kelly J Killoren Bensimon

Listing Contact: (917) 803-8766

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.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 3:46 AM UTC

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