Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $8,995,000

· Closed August 23, 2017

40 BROAD Street #PH5-A
Closed For Sale Condo

$8,995,000

$2,570 per sq ft

40 BROAD Street #PH5-A

Financial District, Manhattan

The Setai

MLS® #RLS10069713

RLS at REBNY

Listing by Platinum Properties

2

Bedrooms

3

Baths

3,500

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3
Living Area 3,500 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $4,455.96/mo
Property Taxes $56,772/yr
Neighborhood Financial District

Property Highlights

  • Exposure: South,West facing

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths null Full
Exposure South,West
Pets Yes
Living Area 3,500 sq ft

Listing History

Event Date Price Change
Listed Mar 30, 2017 $8,995,000 -
Currently May 14, 2026 $8,995,000 -

Description

Spanning 50-feet with a continuous wall of windows, this trophy penthouse faces south and offers an abundance of light with open views of the Statue of Liberty and World Trade Center. A custom window bench, a 1000 pound steel & brass safe bought from the Bank of France in Vichy, France from the 1880's and motorized blinds which activate with the touch of a button. These are just two of the thoughtfully designed features in this custom-tailored residence. When walking into the apartment from one of two entrances, guests step onto reclaimed hardwood floors from the Portuguese embassy in Paris, which were milled to designer specifications in France. The open layout of this Penthouse can be customized by a stunning feature- two retractable glass garage doors on opposite sides of the apartment. One door separates the living room from the master bedroom suite, transforming the space from an open loft into a well-proportioned one-bedroom residence. The other door separates a corner living space and large sauna bathroom. The sauna bathroom, one of three bathrooms within the penthouse, features reclaimed 1930's floral patterned hand-cut blue stone tiles from Belgium. The grand stone tub was cut from a single stone that was imported direct from Mexico. The room evokes the grandeur of the 15th-century church in Palma, Italy, on which it was modeled. This residences expansive living room features sweeping views of downtown Manhattan and the East River. The room is defined by a highly curated array of fixtures and furnishings: Napoleon III chairs, tufted sofas in mohair, vintage French leather club chairs, haberdashery from a custom shirt and tie store in Boston, industrial factory lights and tables, 1920's street lights from Brussels and various mid-century modern items. The kitchen offers a unique experience when entering or leaving through stainless steel Art Deco doors from the 1920s that were rescued from an Hawaiian theater. A full suite of high-end appliances including a Sub-Zero refrigerator and freezer and a Miele gas stove and dishwasher are accompanied by custom zinc and brass cabinetry, treated to create an aged patina. The ceiling is made of reclaimed tin from institutional buildings. Adjacent to the kitchen are two floor-to-ceiling Gagganeau wine refrigerators that are located in close proximity to a custom 16-foot metal bar. Upon leaving the kitchen, one passes beneath a 1908 two-tier converted gas reflective chandelier, and is led to two Murano glass chandeliers from the 1920s and 1970s. These are hung from the penthouses beamed ceilings, from which an integrated 50 TV descends at the push of a button. In addition to its state-of-the-art technologies that are seamlessly integrated throughout the space, this unique penthouse has been decorated with custom-commissioned furniture as well as European antiquities.

Features & Amenities

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $4,455.96/mo
RE Taxes $56,772/yr ($4,731/mo)

The Financial District occupies the southern tip of Manhattan, where landmark office towers have been converted into spacious residential lofts alongside new luxury high-rise condominiums with river and harbor views. The Oculus and Fulton Center transit hubs connect over a dozen subway lines, including the 2, 3, 4, 5, A, C, J, and Z trains, making it one of the best-connected neighborhoods in the city. Battery Park, Bowling Green, and the 9/11 Memorial provide open green space and waterfront access at the foot of the skyline.

Financial District Live Market Data

View Neighborhood

Active Listings

261

Median Asking Price

$1.35M

Median $/Sqft

$1,256

Avg Days on Market

N/A

New This Week

15

Price Reduced

28%

Sold (30 Days)

21

Median Sale Price

$1.43M

Live data from RLS at REBNY • Updated 5/14/26, 1:28 PM EST

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Location

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40 BROAD Street #PH5-A, Financial District, New York County

Building Information

Official NYC property records for this building

1982
Year Built
44 years old
31
Floors
156
Residential Units
C5-5
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $37,010,343
Land Value: $9,270,053
Exemptions: $1,160,853

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

Lot Area: 16,100 SF
Building Area: 239,204 SF
Built FAR: 14.86
Allowed FAR: 10

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 $4,455.96 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $56,772, or roughly $4,731 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 3 full bathrooms.

The listed interior living area is 3,500 square feet. Verify dimensions independently during due diligence.

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. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $8,995,000 for 3,500 sq ft, the asking price per square foot is approximately $2,570. 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 [email protected]. 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: RLS10069713
First Listed: 3/30/2017
Closed: 8/23/2017
Contract Date: 3/30/2017

Listing Courtesy of Platinum Properties - Daniel Hedaya

Listing Contact: (212) 825-0050

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 5/14/2026 at 5:28 PM UTC

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