Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 W 55th Street #5B
Interested in this property?
Active For Sale Condo

$2,300,000

$1,699 per sq ft

40 W 55th Street #5B

Midtown, Manhattan

MLS® #RLS20053911

RLS at REBNY

Listing by CORE Group Marketing LLC

2

Bedrooms

2

Baths

1,354

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,354 sq ft
Lot Size 7,531 sq ft
Year Built 1925
Ownership Condo
HOA/Common Charges $1,491.5/mo
Property Taxes $19,156/yr
Neighborhood Midtown
Floor 5 of 10

Property Highlights

  • Views: City
  • Fireplace: 1 fireplace
  • Character: Pre-war building (1925)

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 5 of 10
View City
Pets Yes
Year Built 1925
Living Area 1,354 sq ft
Structure Type HighRise
Furnished Unfurnished
Lot Size 7,531 sq ft
Parcel # 1270-1019
Block/Lot 01270/1019

Listing History

Event Date Price Change
Listed Oct 10, 2025 $2,300,000 -
Currently May 7, 2026 $2,300,000 -

Description

Residence 5B is a spacious, charming pre-war condominium with two bedrooms, two windowed baths and a windowed kitchen. A wood-burning fireplace, beautiful hardwood floors, great built-ins and through-the-wall AC, the apartment also features a formal dining room/den, making this a perfect home for gracious living and entertaining. This Rosario Candela building was respectfully modernized in 2006 and offers new mechanicals but retains its old-world feel. Situated in a vibrant Midtown location, with access to the finest retail stores, restaurants, Central Park, museums, Broadway theaters and Carnegie Hall, each just moments away, the building also provides privacy with only four residences per floor. Building amenities include doorman, central laundry room and ample private storage space, with the interiors and lobby featuring the designs of Sean Johnson Decor inspired by the nearby Museum of Modern Art. Pets are welcome.

Features & Amenities

Interior Features

Building In Basement Common On Floor In Basement Fireplace (1)

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 35
Stories 10
Structure HighRise

Financial Details

Common Charges $1,491.5/mo
RE Taxes $19,156/yr ($1,596/mo)
Additional Fee $1,491.5/mo

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

203

Median Asking Price

$1.97M

Median $/Sqft

$1,693

Avg Days on Market

N/A

New This Week

3

Price Reduced

30%

Sold (30 Days)

19

Median Sale Price

$2.10M

Live data from RLS at REBNY • Updated 5/7/26, 3:40 AM EST

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Location

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40 W 55th Street #5B, 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 $1,491.5 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $19,156, or roughly $1,596 per month. Verify the current assessment with your attorney before closing.

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 1925, making it approximately 101 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. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,300,000 for 1,354 sq ft, the asking price per square foot is approximately $1,699. 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: RLS20053911
First Listed: 10/10/2025
On Market: 10/10/2025
Price Changed: 10/10/2025
Contract Date: 10/8/2025

Listing Courtesy of CORE Group Marketing LLC - ANDREW J FARBER

Listing Contact: (212) 265-6262

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 5/7/2026 at 7:40 AM UTC

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