Manhattan  »  10002  »  Market St  »  40 Market St

40 Market Street, New York, NY 10002 - Property report

Also known as: 121-123 Madison St

Property image for 40 Market Street, New York, NY 10002
static Mapbox map

Property type

Walk-up Apartment - Over Six Families with Stores (C7)

Year built

1900

Lot sq. ft.

1,934

Sale price

$4,600,000

General information

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

Address
Primary address
40 Market Street
Alternate address(es)
121-123 Madison St
123 B Madison St
ZIP code
10002
Neighborhood
Two Bridges
Borough
Manhattan
Block & lot
00275-0027

Owner

Find out who owns 40 Market Street, New York, NY 10002. Uncover corporate and individual owners with a free account.

Building
Property type
Walk-up Apartment - Over Six Families with Stores (C7)
Building sq. ft.
9,154
Building dimensions
22 ft x 85 ft
Buildings on lot
1
Stories
5
Year built
1900
Last altered
2017
Building material
Sales
Sale date
03/24/2016
Sale price
$4,600,000
Tax
Tax year
2026-2027
Property tax
$56,790
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
22.25 ft x 86.83 ft
Lot sq. ft.
1,934

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
95 /100.  Biker's Paradise
School district
2
Community district
3
Closest police station
0.30 Miles
Closest fire station
0.20 Miles

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

Ownership

Ownership information for 40 Market Street, New York, NY

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

Sales history for 40 Market Street, New York, NY 10002

Sale date Sale price Buyer name Seller name
03/24/2016 $4,600,000 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XX XXXXXX XXXXXXXXXXXX XXX XXX XX XXXXXX XXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/05/2022 - R Initial UCC1
(2022063000701001)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXXX XXXXXXXXX XXXX
07/12/2022 - R
06/23/2022 - D		 Assignment of Leases and Rents
(2022070600654003)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXXX XXXXXXXXX XXXX
07/12/2022 - R
06/23/2022 - D		 Mortgage and Consolidation
(2022070600654002)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX
07/12/2022 - R
06/10/2022 - D		 Termination of Assign of L&R
(2022070600654001)		 XXX XXXX XXXX XXXXXX XXXXXX XXXXXXXXXX XXX
09/08/2016 - R Initial UCC1
(2016090600434001)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXXXXXXXXXXX XXXXXXXX XXXX
04/22/2016 - R
03/24/2016 - D		 Assignment of Leases and Rents
(2016040400479008)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXXXXXXXXXXX XXXXXXXX XXXX
04/22/2016 - R
03/24/2016 - D		 Mortgage
(2016040400479007)		 XXXX XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXXXXXXXXXXX XXXXXXXX XXXX
04/22/2016 - R
03/24/2016 - D		 Deed
(2016040400479005)		 XX XXXXXX XXXXXXXXXXXX XXX XXXX XXXXXX XXXXXX XXXXXXXXXX XXX
04/22/2016 - R
03/22/2016 - D		 Deed
(2016040400479004)		 XX XXXXXX XXXXXX XXX XX XXXXXX XXXXXXXXXXXX XXX
04/22/2016 - R
03/22/2016 - D		 Deed
(2016040400479002)		 XXXXX XXXXXXX XX XXXXXXXX XX XXXXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40 Market 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
$56,790
Municipal exemptions
Recent tax assessments
Market value
$1,970,000
Assessed value
$886,500

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 $1,868,000 $840,600 $422,728 12.439% $52,583 $52,583 +7.47%
2024/25 $1,751,000 $787,950 $391,415 12.5% $48,927 $48,927 +7.31%
2023/24 $1,567,000 $705,150 $364,683 12.502% $45,593 $45,593 +3.26%
2022/23 $1,698,000 $764,100 $364,683 12.267% $44,736 $44,155 +3.60%
2021/22 $1,998,000 $899,100 $353,114 12.235% $43,203 $42,622 +5.18%
2020/21 $2,498,000 $1,124,100 $330,338 12.267% $40,523 $40,523 +17.03%
2019/20 $2,300,800 $1,035,360 $277,612 12.473% $34,627 $34,627 +6.81%
2018/19 $2,876,000 $1,294,200 $257,049 12.612% $32,419 $32,419 -0.84%
2017/18 $2,533,000 $1,139,850 $257,049 12.719% $32,694 $32,694 +2.20%
2016/17 $2,026,000 $911,700 $248,150 12.892% $31,991 $31,991 +7.67%
Permits

Permit information for 40 Market Street, New York, NY

Filing date Job type Job status Job description Initial cost
02/15/2024 Alteration
12/14/2023 Alteration
07/11/2023 Alteration
06/06/2023 Alteration
02/06/2023 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
12/27/2017 Aeuhaz1-fail to certify class 1
12/27/2017 Aeuhaz1-fail to certify class 1

*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
6

Subway & traffic

Closest station
Rutgers St & Madison Ave at NW Corner
Station lines
F
Distance (miles)
0.21
View subway map

Access the detailed traffic volume map for 40 Market Street, New York, NY 10002 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 40 Market Street, New York, NY

26 Market St, New York 125 Madison St, New York 13 Monroe St, New York 15 Monroe St, New York 34 Market St, New York 30 Market St, New York 68 Henry St, New York 149 Madison St, New York 21 Monroe St, New York 38 Market St, New York 48 Market St, New York 5 Monroe St, New York 9 Monroe St, New York 32 Market St, New York 19 Monroe St, New York 127 Madison St, New York 7 Monroe St, New York 17 Monroe St, New York 23 Monroe St, New York 36 Market St, New York

Nearby ZIP codes for 40 Market Street, New York, NY

10003, New York City, NY 10005, New York City, NY 10006, New York City, NY 10007, New York City, NY 10009, New York City, NY 10010, New York City, NY 10011, New York City, NY 10012, New York City, NY 10013, New York City, NY 10014, New York City, NY 10016, New York City, NY 10038, New York City, NY 10119, New York City, NY 10271, New York City, NY 10278, New York City, NY 10279, New York City, NY 10280, New York City, NY 10282, New York City, NY 11201, New York City, NY 11205, New York City, NY

Frequently asked questions

What is the year built for 40 Market Street, New York, NY 10002?

The development at 40 Market Street, New York, NY 10002 was built in 1900.

What is the market value of 40 Market Street, New York, NY 10002?

The current market value of 40 Market Street, New York, NY 10002 is $1,970,000.

What is the total square footage of 40 Market Street, New York, NY 10002?

40 Market Street, New York, NY 10002 has a total of 9,154 square feet.

What is the price per square foot for this property?

$502 per square foot is the price for 40 Market Street, New York, NY 10002.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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