New York City  »  10016  »  E 40th St  »  10 E 40th St

Mercantile Building - 10 East 40th Street, New York, NY 10016 - Property report

Also known as: 7-11 E 39th St

Property image for Mercantile Building - 10 East 40th Street, New York, NY 10016
static Mapbox map

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1928

Lot sq. ft.

14,714

General information

Unlock this property report with a free account

Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Mercantile Building
Primary address
Mercantile Building - 10 East 40th Street
Alternate address(es)
10-14 E 40th St
7-11 E 39th St
8-14 E 40th St
ZIP code
10016
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
00869-0066

Owner

Find out who owns Mercantile Building - 10 East 40th Street, New York, NY 10016. Uncover corporate and individual owners with a free account.

Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
442,042
Building dimensions
74 ft x 198 ft
Buildings on lot
1
Stories
48
Year built
1928
Last altered
2008
Building material
Tax
Tax year
2026-2027
Property tax
$4,424,672
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
74 ft x 197.5 ft
Lot sq. ft.
14,714

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.63 Miles
Closest fire station
0.22 Miles

View more such as transportation, nearby schools and risk designations.

Units for Mercantile Building - 10 East 40th Street, New York, NY

Unit Sale date Sale price
Unit 12C 04/23/2009
Unit 5
Ownership

Ownership information for Mercantile Building - 10 East 40th Street, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Mercantile Building - 10 East 40th Street, New York, NY 10016

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/19/2025 - R
05/02/2025 - D		 Termination of Assign of L&R
(2025051600798002)		 XXXXXX XXXX XXXXXX XXX XXXXXXXX XXXXX XXXX X X
05/19/2025 - R
05/02/2025 - D		 Satisfaction of Mortgage
(2025051600798001)		 XXXXXX XXXX XXXXXX XXX XXXXXXXX XXXXX XXXX X X
04/10/2025 - R Initial UCC1
(2025040901062006)		 XXXXXX XXXX XXXXXX XXX XXXXX XXXX
04/10/2025 - R
04/04/2025 - D		 Assignment of Leases and Rents
(2025040901062005)		 XXXXXX XXXX XXXXXX XXX XXXXX XXXX
04/10/2025 - R
04/04/2025 - D		 Agreement
(2025040901062004)		 XXXXXX XXXX XXXXXX XXX XXXXX XXXX
04/10/2025 - R
04/04/2025 - D		 Mortgage
(2025040901062003)		 XXXXXX XXXX XXXXXX XXX XXXXX XXXX
04/10/2025 - R
03/31/2025 - D		 Assignment, Mortgage
(2025040901062002)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXX XXXX
04/10/2025 - R
03/31/2025 - D		 Termination of Assign of L&R
(2025040901062001)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXX XXXX XXXXXX XXX
05/07/2024 - R
04/30/2024 - D		 Assignment, Mortgage
(2024050601091002)		 XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
05/07/2024 - R
04/30/2024 - D		 Assignment, Mortgage
(2024050601091001)		 XXXXXXXX XXXXX XXXX X X XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Mercantile Building - 10 East 40th Street, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$4,424,672
Municipal exemptions
Recent tax assessments
Market value
$92,832,000
Assessed value
$41,774,400

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y 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%
2020/21 $121,234,000 $54,555,300 $54,555,300 10.694% $5,834,144 $5,834,144 +0.70%
2019/20 $131,409,000 $59,134,050 $54,985,650 10.537% $5,793,838 $5,793,838 +5.65%
2018/19 $131,078,000 $58,985,100 $52,158,840 10.514% $5,483,980 $5,483,980 +5.52%
2017/18 $124,398,000 $55,979,100 $49,428,510 10.514% $5,196,914 $5,196,914 +3.32%
2016/17 $129,678,000 $58,355,100 $47,570,410 10.574% $5,030,095 $5,030,095 +6.73%
Permits

Permit information for Mercantile Building - 10 East 40th Street, New York, NY

Filing date Job type Job status Job description Initial cost
08/18/2026 Alteration
08/17/2026 Alteration
08/17/2026 Alteration
08/17/2026 Alteration
08/14/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/04/2023 Aeuhaz1-fail to certify class 1 none
08/02/2022 Bench-failure to benchmark none
12/17/2021 Evcat5-non-residential elevator periodic inspection/test

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Madison Ave & 42nd St at SW Corner
Station lines
GS-4-5-6-7
Distance (miles)
0.117
View subway map

Access the detailed traffic volume map for Mercantile Building - 10 East 40th Street, New York, NY 10016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for Mercantile Building - 10 East 40th Street, New York, NY

90 Park Ave, New York 265 Madison Ave, New York 455 5th Ave, New York 4 Irving Pl, New York 274 Madison Ave, New York 27 E 39th St, New York 25 E 39th St, New York 111 E 15th St, New York 115 E 15th St, New York 17 Irving Pl, New York 16 E 40th St, New York 23 E 39th St, New York 117 E 15th St, New York 280 Madison Ave, New York 275 Madison Ave, New York 30 E 40th St, New York 445 5th Ave, New York 105 E 15th St, New York 1 Irving Pl, New York 22 Irving Pl, New York

Nearby ZIP codes for Mercantile Building - 10 East 40th Street, New York, NY

10010, New York City, NY 10017, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Mercantile Building - 10 East 40th Street, New York, NY 10016?

The development at Mercantile Building - 10 East 40th Street, New York, NY 10016 was built in 1928.

What is the market value of Mercantile Building - 10 East 40th Street, New York, NY 10016?

The current market value of Mercantile Building - 10 East 40th Street, New York, NY 10016 is $92,832,000.

What is the total square footage of Mercantile Building - 10 East 40th Street, New York, NY 10016?

Mercantile Building - 10 East 40th Street, New York, NY 10016 has a total of 442,042 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 86.

How many active listings does Mercantile Building - 10 East 40th Street, New York, NY 10016 have?

This address has 15 active listing(s).

Disclaimer

Copyright 2003-2026 by PropertyShark.com

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

Sign up for a free account