New York City  »  10016  »  E 40th St  »  124 E 40th St

124 East 40th Street, New York, NY 10016 - Property report

Also known as: 124 E 40th St

Property image for 124 East 40th Street, New York, NY 10016
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Property type

Office with Commercial 7-19 Stories (O6)

Year built

1923

Lot sq. ft.

5,036

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
124 East 40th Street
Alternate address(es)
124-126 E 40th St
348-352 Lexington Ave
350 Lexington Ave
ZIP code
10016
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
00895-0078

Owner

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Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
47,414
Building dimensions
59.25 ft x 76 ft
Buildings on lot
1
Stories
11
Year built
1923
Building material
Tax
Tax year
2026-2027
Property tax
$554,403
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
59.25 ft x 85 ft
Lot sq. ft.
5,036

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
74 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.56 Miles
Closest fire station
0.19 Miles

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

Ownership

Ownership information for 124 East 40th 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 124 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
04/23/2025 - R
08/29/2024 - D		 NYC Real Property Transfer Tax
(2024100100488001)		 XXXXX X X XXXXXXX XXXXXXXXX XXXXXX XXXXXX
05/09/2002 - R Deed
(1790008381879)		 XXXXXX XXXXXXXXXX XXX XXX XXXX XXXX XXXXXX XXX
04/25/1996 - R Agreement
(1750005137375)		 XXXXX XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXX XXX XXXX XXXX XXXXXXXXXX XX XXXXXXXXXXXXXX
06/13/1986 - R Assignment, Mortgage
(1540000143754)		 XXXXXXXX XXXXXX XXXXX XXXXXXX XXX
06/28/1983 - R Agreement
(1620000033862)		 XXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXXXX XXXX
06/28/1983 - R Assignment, Mortgage
(1590000033859)		 XXXXXX XXXXXXXX XXXXXXXX XXXXXXX XXXX
12/19/1977 - R Deed
(1480008583748)		 XXXXXXX XXXXXX XXXXXXX XXXXXX XXXXXXXXXX XXX
11/25/1977 - R Deed
(1060008582706)		 XXXXXX XXXXXXXXXX XXX XXXXXXX XXXX XXXXXXXXXX
08/16/1976 - R Agreement
(1770008564677)		 XXXXXXX XXXXXXXXXXXXX XXXX XXXXXXXX XXXX
06/12/1975 - R Deed
(1480008549748)		 XXXXXXX XXXXXXXXXX XXX XXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 124 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
$554,403
Municipal exemptions
Recent tax assessments
Market value
$11,357,000
Assessed value
$5,110,650

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 $13,331,000 $5,998,950 $5,457,522 10.848% $592,032 $592,032 +1.83%
2024/25 $13,229,000 $5,953,050 $5,402,357 10.762% $581,402 $581,402 +3.53%
2023/24 $12,487,000 $5,619,150 $5,301,787 10.592% $561,565 $561,565 +2.69%
2022/23 $11,415,000 $5,136,750 $5,136,750 10.646% $546,858 $546,858 +12.72%
2021/22 $10,024,000 $4,510,800 $4,510,800 10.755% $485,137 $485,137 -12.31%
2020/21 $13,819,000 $6,218,550 $5,173,560 10.694% $553,261 $553,261 +10.63%
2019/20 $12,037,000 $5,416,650 $4,746,330 10.537% $500,121 $500,121 +6.25%
2018/19 $11,420,000 $5,139,000 $4,476,870 10.514% $470,698 $470,698 +5.48%
2017/18 $11,012,000 $4,955,400 $4,244,310 10.514% $446,247 $446,247 +4.17%
2016/17 $9,196,000 $4,138,200 $4,051,170 10.574% $428,371 $428,371 +0.40%
Permits

Permit information for 124 East 40th Street, New York, NY

Filing date Job type Job status Job description Initial cost
07/01/2026 Alteration
06/26/2026 Alteration
06/19/2026 Alteration
05/27/2026 Alteration
05/15/2026 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
11/14/2025 Lblvio-low pressure boiler boiler required
04/25/2023 Lblvio-low pressure boiler boiler required
03/13/2020 E-elevator elevatorrequired

*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
Lexington Ave & 42nd St at SW Corner
Station lines
GS-4-5-6-7
Distance (miles)
0.098
View subway map

Access the detailed traffic volume map for 124 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 124 East 40th Street, New York, NY

209 E 25th St, New York 143 E 34th St, New York 419 Park Ave S, New York 220 E 22nd St, New York 155 E 29th St, New York 340 3rd Ave, New York 214 E 19th St, New York 231 E 24th St, New York 139 E 35th St, New York 210 E 19th St, New York 393 2nd Ave, New York 401 2nd Ave, New York 108 E 37th St, New York 157 Lexington Ave, New York 381 Park Ave S, New York 105 E 37th St, New York 230 E 25th St, New York 337 3rd Ave, New York 158 E 39th St, New York 215 E 21st St, New York

Nearby ZIP codes for 124 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 124 East 40th Street, New York, NY 10016?

The development at 124 East 40th Street, New York, NY 10016 was built in 1923.

What is the market value of 124 East 40th Street, New York, NY 10016?

The current market value of 124 East 40th Street, New York, NY 10016 is $11,357,000.

What is the total square footage of 124 East 40th Street, New York, NY 10016?

124 East 40th Street, New York, NY 10016 has a total of 47,414 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 4.

Disclaimer

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