| Building name | Mercantile Building |
| Primary address | Mercantile Building - 10 East 40th Street |
| Secondary address | 7-11 E 39th St |
| Neighborhood | Murray Hill |
| Zip code | 10016 |
| Borough | Manhattan |
| Block & lot | 00869-0066 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $4,424,672 |
| Lot sqft | 14,714 |
| Lot dimensions | |
| Building class | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 442,042 |
| Building dimensions |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.63 Miles |
| Closest fire station | 0.22 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at Mercantile Building - 10 East 40th Street, New York, NY 10016 has a total of 442,042 square feet.
What is the year built & the current market value of Mercantile Building - 10 East 40th Street, New York, NY 10016?Mercantile Building - 10 East 40th Street, New York, NY 10016 was built in 1928 and has a current tax assessor's market value of $91,294,000.
How many commercial spaces does this building have?This building has 86 commercial spaces available for lease. There are 14 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Listing date | 05/03/2022 |
| Last updated | 05/12/2026 |
A 48-story structure with approximately 347,400 rentable square feet, built in 1929.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 12 Floor | General Office | Listing price not available | 13,861 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 7 Floor | General Office | Listing price not available | 15,505 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 2 Floor | General Office | Listing price not available | 16,376 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 3 Floor | General Office | Listing price not available | 16,500 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| Suite 1010-1030 | General Office | Listing price not available | 13,106 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 23 Floor | General Office | Listing price not available | 8,096 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 18 Floor | General Office | $76-$86/Sqft/Year | 10,735 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 8 Floor | General Office | $65/Sqft/Year | 17,730 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| Suite 3410 | General Office | $76-$86/Sqft/Year | 3,384 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 4 Floor | General Office | $65-$86/Sqft/Year | 16,500 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 5 Floor | General Office | $65-$86/Sqft/Year | 16,500 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 6 Floor | General Office | $65-$86/Sqft/Year | 16,500 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| Partial 31 Floor | General Office | $76-$86/Sqft/Year | 3,754 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
| 27 Floor | General Office | $76-$86/Sqft/Year | 8,824 | Ethan Silverstein Theodora Livadiotis Caroline Collins Matthew Livingston |
Create a free account to view the complete sales history for 10 East 40th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Mercantile Building - Mercantile Building - 10 East 40th Street, New York, NY 10016. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $4,375,446 |
| Estimated property tax: | $4,424,672 |
| Tax assessor's market value: | $91,294,000 |
| Assessed value: | $41,082,300 |
Here's the assessment & property tax history for 10 East 40th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $91,294,000 | $41,082,300 | $40,334,130 | 10.848% | $4,375,446 | $4,375,446 | -0.08% |
| 2024/25 | $90,420,000 | $40,689,000 | $40,689,000 | 10.762% | $4,378,950 | $4,378,950 | -0.10% |
| 2023/24 | $91,967,000 | $41,385,150 | $41,385,150 | 10.592% | $4,383,515 | $4,383,515 | +5.55% |
| 2022/23 | $86,686,000 | $39,008,700 | $39,008,700 | 10.646% | $4,152,866 | $4,152,866 | -2.26% |
| 2021/22 | $87,790,000 | $39,505,500 | $39,505,500 | 10.755% | $4,248,817 | $4,248,817 | -27.17% |
The complete history of permits filed for 10 East 40th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
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| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Madison Ave & 42nd St at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | GS-4-5-6-7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.117 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Madison Av/E 39 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.051 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Mercantile Building - Mercantile Building - 10 East 40th Street, New York, NY 10016.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 90 Park Ave, New York | 927,829 | 11/01/2017 | $28,050,000 |
| 265 Madison Ave, New York | 15,746 | 09/26/2018 | $829,340 |
| 455 5th Ave, New York | 177,136 | ||
| 4 Irving Pl, New York | |||
| 274 Madison Ave, New York | 91,212 | 01/06/2006 | $15,792,259 |
| 27 E 39th St, New York | 15,000 | 05/15/1997 | |
| 25 E 39th St, New York | 12,200 | 07/21/1994 | |
| 111 E 15th St, New York | 15,120 | 07/27/2006 | $13,000,000 |
| 115 E 15th St, New York | 15,409 | 02/06/2013 | $10 |
| 17 Irving Pl, New York | 22,897 | ||
| 16 E 40th St, New York | 89,423 | 01/06/2005 | $18,700,000 |
| 23 E 39th St, New York | 39,964 | 12/20/2012 | $12,300,000 |
| 117 E 15th St, New York | 5,675 | 01/04/2019 | $11,000,000 |
| 280 Madison Ave, New York | 74,186 | ||
| 275 Madison Ave, New York | 281,263 | 08/19/2016 | $273,000,000 |
| 30 E 40th St, New York | 71,063 | 08/06/2015 | $4,650,000 |
| 445 5th Ave, New York | 217,421 | ||
| 105 E 15th St, New York | 37,802 | 07/24/1989 | |
| 1 Irving Pl, New York | 1,015,671 | ||
| 22 Irving Pl, New York | 16,200 |
