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

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

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Squibb Building - 40 West 57th Street, New York, NY 10019 2
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Address

Building name Squibb Building
Primary address Squibb Building - 40 West 57th Street
Secondary address 43-55 W 56th St
Neighborhood Central Midtown
Zip code 10019
Borough Manhattan
Block & lot 01272-0063

Sales & Tax Overview for 40 West 57th Street, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 11/01/2017
Purchase price $28,050,000 - M
Tax class

Lot & Building Information for 40 West 57th Street, New York

Lot sq. ft. 40,166
Lot dimensions 200 ft x 200.83 ft
Property type Office Only with or without Commercial - 20 Stories or More (O4)
Building sqft 712,000
Building dimensions 200 ft x 199 ft
Buildings on lot 1
Stories 36
Year built 1972
Year last altered 2008
Construction type
Status
Status date
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Zoning & Use for 40 West 57th Street, New York

Zoning
Commercial units 43
Office sqft
Retail sqft
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.43 Miles
Closest fire station 0.28 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 40 West 57th Street, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Squibb Building - 40 West 57th Street, New York, NY 10019, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for Squibb Building - 40 West 57th Street, New York, NY 10019, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 43-55 W 56th St, New York, NY 10019
  • 32-46 W 57th St, New York, NY 10019
  • 38-46 W 57th St, New York, NY 10019

About 40 West 57th Street, New York

How many sq. ft. does Squibb Building - 40 West 57th Street, New York, NY 10019 have & what is the price per sq. ft?

This Office Only with or without Commercial - 20 Stories or More (O4) located at Squibb Building - 40 West 57th Street, New York, NY 10019 has a total of 712,000 square feet and a current price per square foot of $39.

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

Squibb Building - 40 West 57th Street, New York, NY 10019 was built in 1972 and has a current tax assessor's market value of $350,195,000.

How many commercial spaces does this building have?

This building has 43 commercial spaces available for lease. There are 10 active listings at this address.

Ownership Information for 40 West 57th Street, New York

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Property owner name for Squibb Building - 40 West 57th Street, New York, NY 10019
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Building contacts for Squibb Building - 40 West 57th Street, New York, NY 10019
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 40 West 57th Street, New York

40 West 57th Street
Listing type For Lease
Last updated 06/26/2026
Lot size 0.92 Acre
View Listing

Brokers

Arkady Smolyansky
Gregg A. Rothkin
Howard Fiddle
Benjamin Joseph
Evan Fiddle
Spaces
Suite name Space type Lease rate Available space Brokers
24th Floor General Office Listing price not available 10,769 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
14th Floor General Office Listing price not available 3,250 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
31st Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
30th Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
14th Floor General Office Listing price not available 3,225 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
4th Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
5th Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
3rd Floor General Office Listing price not available 10,660 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
27th Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
26th Floor General Office Listing price not available 25,000 Arkady Smolyansky
Benjamin Joseph
Evan Fiddle
Gregg A. Rothkin
Howard Fiddle
Active Listings For This Property:
For Lease 40 West 57th Street
40 West 57th Street
40 West 57th Street, New York
Property General Office
Availability 10 Spaces listed / 177904 Sqft
Price Listing price not available
Real Estate Reports:
Laura Pop-Badiu, Jun 11, 2026 NYC Business Leaders on RTO: Survey Reveals Hybrid Still Dominates, Office Attendance Set to Rise
Hubble’s recent survey of 126 founders, CEOs and other decision-makers in New York City’s startup ecosystem revealed how local business leaders are approaching workplace strategy in 2026 and beyond.
Lucian Alixandrescu, May 27, 2026 NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1% 
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
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Past Sales & Property History for 40 West 57th Street, New York

Create a free account to view the complete sales history for 40 West 57th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Sale date Sale price Buyer name Seller name
11/01/2017 $28,050,000
06/29/2012 $1,482,850
       
       
       
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Title Documents for 40 West 57th Street, New York

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.

Date Type Amount Party 1 Party 2 Doc image
11/07/2025 - R UCC3 Continuation
(2025110400308001)
07/29/2024 - R
05/08/2024 - D
Agreement
(2024072900558001)
04/12/2021 - R Initial UCC1
(2021041200331001)
03/19/2021 - R UCC3 Termination
(2021031900506001)
03/09/2021 - R UCC3 Termination
(2021030500655007)
03/09/2021 - R
03/01/2021 - D
Agreement
(2021030500655006)
03/09/2021 - R
03/01/2021 - D
Agreement
(2021030500655005)
03/09/2021 - R
03/01/2021 - D
Agreement
(2021030500655004)
03/09/2021 - R
03/01/2021 - D
Assignment of Leases and Rents
(2021030500655003)
03/09/2021 - R
03/01/2021 - D
Agreement
(2021030500655002)
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R: Recorded date
D: Document date

Property Taxes for 40 West 57th Street, New York

Access detailed property tax data for Squibb Building - Squibb Building - 40 West 57th Street, New York, NY 10019. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $17,095,119
Tax assessor's market value: $350,195,000
Assessed value: $157,587,750

Assessment History for 40 West 57th Street, New York

Here's the assessment & property tax history for 40 West 57th 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 $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%

Permits for 40 West 57th Street, New York

The complete history of permits filed for 40 West 57th 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.

Filing date Job type Job status Job description Initial cost
06/24/2026 Alteration
06/15/2026 Alteration
06/10/2026 Alteration
06/04/2026 Alteration
05/08/2026 Alteration CO
04/20/2026 Alteration
02/04/2026 Alteration
12/30/2025 Alteration CO
12/24/2025 Alteration
12/16/2025 Alteration
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Manhattan Commercial Market Stats

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.

Median Price/Sqft Q1/2026
$797
19.7% YoY
Median Price/Sqft Q4/2025
$606
-17.5% YoY
Median Price/Sqft 2025
$656
-5.9% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

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

Neighbors for 40 West 57th Street, New York

Here are the neighbors for Squibb Building - Squibb Building - 40 West 57th Street, New York, NY 10019.

Address Square feet Purchase date Purchase price
50 W 57th St, New York 73,732 01/19/2006 $51,700,000
35 W 57th St, New York 11,331 10/10/2006 $24,400,000
10 W 57th St, New York 81,174 12/09/2015 $6,967,907
15 W 56th St, New York 54,959 05/05/2026 $66,225,000
43 W 57th St, New York 04/12/2023
41 W 57th St, New York 04/12/2023
33 W 57th St, New York 06/15/2007
6 W 57th St, New York 15,500 10/01/1995
56 W 57th St, New York 09/10/2003 $8,730,000
57 W 57th St, New York 143,914 10/28/2004 $25,000,000
45 W 57th St, New York 31,583 04/12/2023
11 W 56th St, New York 9,447 12/17/2015
17 W 56th St, New York 9,912 12/24/2009 $7,900,000
19 W 56th St, New York 09/06/2007 $15,000,000
30 W 57th St, New York 34,300 01/31/2008 $56,500,000
52 W 57th St, New York 9,616 12/03/1998
37 W 57th St, New York 04/24/2023 $77,500,000
20 W 57th St, New York 07/18/2007 $60,000,000
16 W 57th St, New York 20,800 05/13/2016 $128,000,000
720 5th Ave, New York 113,292 12/19/2023 $397,395,000
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