New York City  »  10128  »  E 88th St  »  40 E 88th St

40 East 88th Street, New York, NY 10128 - Property report

Also known as: 40 E 88th St

Property image for 40 East 88th Street, New York, NY 10128
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Property type

Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)

Year built

1930

Lot sq. ft.

16,560

General information

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Address
Primary address
40 East 88th Street
Alternate address(es)
1217-1221 Madison Ave
40-54 E 88th St
ZIP code
10128
Neighborhood
Carnegie Hill
Borough
Manhattan
Block & lot
01499-0051

Owner

Find out who owns 40 East 88th Street, New York, NY 10128. Uncover corporate and individual owners with a free account.

Building
Property type
Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sq. ft.
181,011
Building dimensions
97 ft x 152 ft
Buildings on lot
1
Stories
15
Year built
1930
Last altered
1989
Tax
Tax year
2026-2027
Property tax
$2,528,821
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
87
Residential sq. ft.
Commercial units
6
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 88 Street (narrow)
Madison Avenue (wide)
Distance to wide street
Lot dimensions
101 ft x 164 ft
Lot sq. ft.
16,560

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
78 /100.  Very Bikeable
School district
2
Community district
8
Closest police station
0.65 Miles
Closest fire station
0.22 Miles

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

Units for 40 East 88th Street, New York, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
Unit 10B 09/28/2023
Unit 10C
Unit 10D 04/16/2025
Unit 10E 03/29/2021
Unit 10F
Unit 11A
Unit 11B
Unit 11C 04/13/2023
Unit 11D 01/24/2025
Unit 11F
Unit 12B 02/12/2025
Unit 12C
Unit 12D 11/10/2010
Unit 12E
Unit 12F 10/26/2017
Unit 14A 01/24/2013
Unit 14B 02/07/2020
Unit 14E 03/25/2025
Unit 15A
Unit 15B 02/05/2024 3,400
Unit 15E
Unit 15F
Unit 1E 05/23/2017 800
Unit 2A
Unit 2B
Unit 2D 08/03/2010
Unit 2E
Unit 2F,G 11/29/2017
Unit 3A 06/14/2021
Unit 3B
Unit 3D 03/31/2015
Unit 3F 11/12/2013
Unit 3G 01/22/2016
Unit 40
Unit 4A
Unit 4B 08/03/2022
Unit 4E 02/06/2023
Unit 4F,G
Unit 4F 06/28/2023
Unit 4G 06/28/2023
Unit 5A-6A 11/21/2024
Unit 5A
Unit 5B 06/11/2018
Unit 5C 08/10/2012 1,350
Unit 5D,E
Unit 5F 07/25/2014
Unit 5G
Unit 6A
Unit 6B
Unit 6D 04/22/2013
Unit 6F 02/03/2010 1,200
Unit 6G 06/21/2013
Unit 7A 08/07/2019
Unit 7B
Unit 7C 03/12/2026
Unit 7D 08/31/2021
Unit 7E
Unit 7F,G
Unit 7F
Unit 8A
Unit 8B 02/10/2016
Unit 8C 05/08/2017 1,462
Unit 8D 01/20/2016 1,300
Unit 8E 10/10/2023
Unit 8F 12/27/2021 1,400
Unit 8G
Unit 9A 01/31/2022
Unit 9B
Unit 9C,D
Unit 9C
Unit 9D
Unit 9E 09/21/2023
Unit 9F,G 04/14/2023 2,100
Unit 9F 05/17/2013 2,100
Unit 9G 06/04/2013 2,100
Ownership

Ownership information for 40 East 88th 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 East 88th Street, New York, NY 10128

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/02/2021 - R Initial UCC1
(2021111200934008)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R UCC3 Termination
(2021111200934006)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R UCC3 Termination
(2021111200934005)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R
10/18/2021 - D		 Termination of Assign of L&R
(2021111200934007)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R
10/18/2021 - D		 Assignment, Mortgage
(2021111200934003)		 XXXXXXXXX XXXX XXXXXXXXX XXXX
12/02/2021 - R
10/18/2021 - D		 Agreement
(2021111200934002)		 XX XXXX XX XXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R
10/18/2021 - D		 Mortgage
(2021111200934001)		 XX XXXX XX XXXXX XXX XXXXXXXXX XXXX
12/02/2021 - R
10/12/2021 - D		 Assignment of Leases and Rents
(2021111200934004)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
06/26/2020 - R Initial UCC1
(2020061900194002)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX
06/26/2020 - R
06/05/2020 - D		 Assignment of Leases and Rents
(2020061900194003)		 XX XXXX XX XXXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40 East 88th 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
$2,528,821
Municipal exemptions
Recent tax assessments
Market value
$59,944,000
Assessed value
$26,974,800

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 $54,625,000 $24,581,250 $23,383,005 12.439% $2,929,355 $2,432,525 +2.87%
2024/25 $50,616,000 $22,777,200 $22,624,840 12.5% $2,847,150 $2,364,627 +8.09%
2023/24 $46,798,000 $21,059,100 $20,901,012 12.502% $2,632,809 $2,187,704 -14.81%
2022/23 $56,493,000 $25,421,850 $24,893,324 12.267% $3,079,195 $2,568,056 +6.41%
2021/22 $53,132,000 $23,909,400 $23,694,713 12.235% $2,925,315 $2,413,440 -20.55%
2020/21 $58,849,000 $26,482,050 $24,762,637 12.267% $3,064,314 $3,037,633 +2.48%
2019/20 $57,280,000 $25,776,000 $23,763,880 12.473% $3,006,816 $2,964,069 +3.24%
2018/19 $57,953,000 $26,078,850 $22,764,615 12.612% $2,904,045 $2,871,073 +14.71%
2017/18 $55,943,000 $25,174,350 $19,678,780 12.719% $2,538,749 $2,502,944 +16.66%
2016/17 $51,317,000 $23,092,650 $16,641,680 12.892% $2,181,384 $2,145,445 +19.41%
Permits

Permit information for 40 East 88th Street, New York, NY

Filing date Job type Job status Job description Initial cost
06/10/2026 Alteration
03/10/2026 Alteration
03/10/2026 Alteration
03/05/2026 Alteration
08/27/2025 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
11/03/2022 I
01/06/1999 B
01/06/1999 B

*Most recent HPD violations on record for this property.

Neighborhood

Upper East Side, Carnegie Hill residential market stats

Access a detailed real estate market overview of Upper East Side, Carnegie Hill so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Upper East Side, Carnegie Hill and compare it to other neighborhoods in Manhattan.

Median sale price

—

Median price/sq. ft.

—

Manhattan median sale price

$1,260,000

5.4% 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
Lexington Ave & 86th St at NW Corner
Station lines
4-5-6
Distance (miles)
0.175
View subway map

Access the detailed traffic volume map for 40 East 88th Street, New York, NY 10128 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 6 Lillie D Blake 9 Yes Public PK, K-5 587 0.33
P.S. 6 Lillie D Blake 9 Yes Public PK, K-5 587 0.33
St. Davids School NR No Private PK, K-8 0 0.11
St. Davids School NR No Private PK, K-8 0 0.11
P.S. 169 Robert F Kennedy NR No Public K-11 301 0.12
International Academy of New York NR No Private PK, K-8 0 0.13
International Academy of New York NR No Private PK, K-8 0 0.13
International Academy of New York NR No Private PK-4 45 0.14
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 167 Robert F Wagner 8 Yes Public 6-8 1,019 0.69
St. Davids School NR No Private PK, K-8 0 0.11
P.S. 169 Robert F Kennedy NR No Public K-11 301 0.12
International Academy of New York NR No Private PK, K-8 0 0.13
Dalton School NR No Private K-12 1,313 0.14
Trevor Day School Lower NR No Private PK, K-12 0 0.15
The Spence School NR No Private K-12 755 0.16
Hunter College High School NR No Public 7-12 0 0.34
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 169 Robert F Kennedy NR No Public K-11 301 0.12
Dalton School NR No Private K-12 1,313 0.14
Trevor Day School Lower NR No Private PK, K-12 0 0.15
The Spence School NR No Private K-12 755 0.16
Regis High School NR No Private 9-12 530 0.16
Convent of the Sacred Heart NR No Private PK, K-12 0 0.20
Hunter College High School NR No Public 7-12 0 0.34

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 40 East 88th Street, New York, NY

20 E 88th St, New York 1060 Park Ave, New York 21 E 87th St, New York 11 E 87th St, New York 55 E 86th St, New York 1071 5th Ave, New York 1070 Park Ave, New York 55 E 87th St, New York 1060 5th Ave, New York 1056 5th Ave, New York 2 E 88th St, New York 47 E 87th St, New York 6 E 87th St, New York 11 E 88th St, New York 7 E 88th St, New York 4 E 88th St, New York 1067 5th Ave, New York 60 E 88th St, New York 5 E 88th St, New York 9 E 88th St, New York

Nearby ZIP codes for 40 East 88th Street, New York, NY

10021, New York City, NY 10022, New York City, NY 10023, New York City, NY 10024, New York City, NY 10025, New York City, NY 10026, New York City, NY 10027, New York City, NY 10028, New York City, NY 10029, New York City, NY 10035, New York City, NY 10044, New York City, NY 10065, New York City, NY 10075, New York City, NY 10115, New York City, NY 10152, New York City, NY 10154, New York City, NY 10162, New York City, NY 11102, New York City, NY 11106, New York City, NY

Frequently asked questions

What is the year built for 40 East 88th Street, New York, NY 10128?

The development at 40 East 88th Street, New York, NY 10128 was built in 1930.

What is the total square footage of 40 East 88th Street, New York, NY 10128?

40 East 88th Street, New York, NY 10128 has a total of 181,011 square feet.

What is the assessed value of 40 East 88th Street, New York, NY 10128?

40 East 88th Street, New York, NY 10128 is currently assessed at $26,974,800.

What are the property taxes for 40 East 88th Street, New York, NY 10128?

The property taxes for 40 East 88th Street, New York, NY 10128 total $2,983,183.

How many residential units does this building have?

This building has 87 residential unit(s).

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