New York City  »  10019  »  W 57th St  »  40 W 57th St

Squibb Building - 40 West 57th Street, New York, NY 10019 - Property report

Also known as: 43-55 W 56th St

Property image for Squibb Building - 40 West 57th Street, New York, NY 10019
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Property type

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

Year built

1972

Lot sq. ft.

40,166

Sale price

$28,050,000

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
Building name
Squibb Building
Primary address
Squibb Building - 40 West 57th Street
Alternate address(es)
32-46 W 57th St
38-46 W 57th St
43-55 W 56th St
ZIP code
10019
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01272-0063

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
712,000
Building dimensions
200 ft x 199 ft
Buildings on lot
1
Stories
36
Year built
1972
Last altered
2008
Building material
Sales
Sale date
11/01/2017
Sale price
$28,050,000 - M
Tax
Tax year
2026-2027
Property tax
$17,095,119
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
200 ft x 200.83 ft
Lot sq. ft.
40,166

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
79 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.43 Miles
Closest fire station
0.28 Miles

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

Units for Squibb Building - 40 West 57th Street, New York, NY

Ownership

Ownership information for Squibb Building - 40 West 57th 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 Squibb Building - 40 West 57th Street, New York, NY 10019

Sale date Sale price Buyer name Seller name
11/01/2017 $28,050,000 XXXXXXX XXXX XXX. XXXXX X XXXXXXXXXXXXXX XXX
06/29/2012 $1,482,850 XXXXXXXXXXXX XXXXXXX XX X X&X XXXXX XXX, XX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/07/2025 - R UCC3 Continuation
(2025110400308001)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XX
07/29/2024 - R
05/08/2024 - D		 Agreement
(2024072900558001)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
04/12/2021 - R Initial UCC1
(2021041200331001)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXX
03/19/2021 - R UCC3 Termination
(2021031900506001)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXXXX XXX X X
03/09/2021 - R UCC3 Termination
(2021030500655007)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
03/09/2021 - R
03/01/2021 - D		 Agreement
(2021030500655006)		 XXXXXXX XXXXXXX X X X XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/09/2021 - R
03/01/2021 - D		 Agreement
(2021030500655005)		 XXXXXXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/09/2021 - R
03/01/2021 - D		 Agreement
(2021030500655004)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/09/2021 - R
03/01/2021 - D		 Assignment of Leases and Rents
(2021030500655003)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/09/2021 - R
03/01/2021 - D		 Agreement
(2021030500655002)		 XXXXXX XXX XXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Squibb Building - 40 West 57th 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
$17,095,119
Municipal exemptions
Recent tax assessments
Market value
$350,195,000
Assessed value
$157,587,750

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 $348,888,900 $157,000,000 $157,000,000 10.848% $17,031,360 $17,031,360 -6.74%
2024/25 $377,111,100 $169,700,000 $169,700,000 10.762% $18,263,114 $18,263,114 -5.48%
2023/24 $405,391,000 $182,425,950 $182,425,950 10.592% $19,322,557 $19,322,557 +14.48%
2022/23 $352,319,000 $158,543,550 $158,543,550 10.646% $16,878,546 $16,878,546 -8.53%
2021/22 $384,456,000 $173,005,200 $171,565,200 10.755% $18,606,709 $18,451,837 -9.84%
2020/21 $441,111,100 $198,499,995 $191,378,870 10.694% $20,774,044 $20,466,056 +7.36%
2019/20 $478,976,000 $215,539,200 $180,917,886 10.537% $19,518,516 $19,063,318 +5.78%
2018/19 $482,553,000 $217,148,850 $171,404,866 10.514% $18,627,114 $18,021,508 +9.17%
2017/18 $439,015,000 $197,556,750 $157,001,266 10.514% $17,264,121 $16,507,113 +8.99%
2016/17 $366,567,000 $164,955,150 $143,234,956 10.574% $15,906,992 $15,145,664 +11.21%
Permits

Permit information for Squibb Building - 40 West 57th Street, New York, NY

Filing date Job type Job status Job description Initial cost
08/06/2026 Alteration
08/06/2026 Alteration
08/06/2026 Alteration
07/30/2026 Alteration
07/30/2026 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
08/01/2024 Fispfcs-failure to correct swarmp conditions (facade) facade required
02/07/2024 Aeuhaz1-fail to certify class 1 none
02/05/2024 Fisphaz-hazardous condition (facade) facade required

*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
6th Ave & 57th St at SE Corner
Station lines
F
Distance (miles)
0.057
View subway map

Access the detailed traffic volume map for Squibb Building - 40 West 57th Street, New York, NY 10019 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 Squibb Building - 40 West 57th Street, New York, NY

50 W 57th St, New York 35 W 57th St, New York 10 W 57th St, New York 15 W 56th St, New York 43 W 57th St, New York 41 W 57th St, New York 33 W 57th St, New York 6 W 57th St, New York 56 W 57th St, New York 57 W 57th St, New York 45 W 57th St, New York 11 W 56th St, New York 17 W 56th St, New York 19 W 56th St, New York 30 W 57th St, New York 52 W 57th St, New York 37 W 57th St, New York 20 W 57th St, New York 16 W 57th St, New York 720 5th Ave, New York

Nearby ZIP codes for Squibb Building - 40 West 57th Street, New York, NY

10001, New York City, NY 10018, New York City, NY 10020, New York City, NY 10023, New York City, NY 10036, New York City, NY 10069, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Squibb Building - 40 West 57th Street, New York, NY 10019?

The development at Squibb Building - 40 West 57th Street, New York, NY 10019 was built in 1972.

What is the market value of Squibb Building - 40 West 57th Street, New York, NY 10019?

The current market value of Squibb Building - 40 West 57th Street, New York, NY 10019 is $350,195,000.

What is the total square footage of Squibb Building - 40 West 57th Street, New York, NY 10019?

Squibb Building - 40 West 57th Street, New York, NY 10019 has a total of 712,000 square feet.

What is the price per square foot for this property?

$39 per square foot is the price for Squibb Building - 40 West 57th Street, New York, NY 10019.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 43.

How many active listings does Squibb Building - 40 West 57th Street, New York, NY 10019 have?

This address has 10 active listing(s).

Disclaimer

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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.

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