40 Exchange Place, Manhattan
Commercial · built c. 1902 · Block 25, Lot 27.
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Building permits
- Alteration, filed Aug 19, 2026, estimated cost $1K, described as “Application filed for a Temporary Use Permit for 9 model apartments and leasing offices pursuant to Section AC 28-111 & DOB Bulletin 2010-002. Filed in conjunction with ALT-CO #M01233357-I1.”
- Alteration, filed Mar 31, 2026, estimated cost $1K, described as “DMO means and methods for structural partial demolition, as shown on plans filed herewith.”
- Alteration, filed Mar 30, 2026, estimated cost $1K, described as “Installation of system stair tower as per plans. System stair tower shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Mar 16, 2026, estimated cost $50K, described as “Conversion of existing wet standpipe to air pressurized dry system.”
- Alteration, filed Mar 16, 2026, estimated cost $1K, described as “Overhead protection for occupants at courtyard.”
- Alteration, filed Mar 5, 2026, estimated cost $1K, described as “General construction for removal of existing boiler flue in courtyard, as shown on plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Mar 4, 2026, estimated cost $48K, described as “Sprinkler work as shown on plans filed herewith.”
- Alteration, filed Mar 4, 2026, estimated cost $15K, described as “Modification to T-Mobile site. Replace 2 antennas on the facade. Install RRU on facade. Replace 2 RRU in the basement. Remove equipment rack in basement.”
- Alteration, filed Feb 13, 2026, estimated cost $1K, described as “Proposed installation of temporary pipe scaffold stair tower as per plans. Work shall comply with chapter #33 of 2022 the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Feb 13, 2026, estimated cost $1K, described as “Installation of temporary roof and overhead protection protection as per plans. No change in use, egress or occupancy shall comply with CHAPTER#33 of 2022 the ny building code.”
- Alteration, filed Feb 12, 2026, estimated cost $48K, described as “Remove 5000 gallon fuel oil tank.”
- Alteration, filed Jan 21, 2026, estimated cost $17K, described as “Installation of 6000 lb dual personnel hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress, or occupancy under this application.”
- Alteration, filed Jan 7, 2026, described as “Installation and use of temporary suspended scaffold for facade repairs as per plans filed herewith. No change to use, egress, or occupancy under this application.”
- Alteration, filed Dec 23, 2025, estimated cost $164K, described as “Removal of interior non-structural partitions on floors 2-5, 10, 12, 14-20. No change in use, egress, or occupancy.”
- Alteration, filed Dec 23, 2025, estimated cost $33K, described as “Removal of interior non-structural partitions on floors 1, 4, 12, 16-19. No change in use, egress, or occupancy.”
- Alteration, filed Dec 22, 2025, estimated cost $5.0M, described as “Alteration filed for window replacements as shown on plans herewith. No change in use, egress, or occupancy.”
- Alteration, filed Dec 22, 2025, estimated cost $150K, described as “Facade modifications for hoist run. No change in use, zoning, or egress.”
- Alteration, filed Dec 18, 2025, estimated cost $27K, described as “Interior demolition in cellar. No change in use, zoning, or egress.”
- Alteration, filed Dec 12, 2025, estimated cost $94K, described as “Removal of interior non-structural partitions on floors 1-7 and 10. No change in use, egress, or occupancy.”
- Alteration, filed Dec 12, 2025, estimated cost $111K, described as “Removal of interior non-structural partitions on floors 11-19. No change in use, egress, or occupancy.”
- Alteration, filed Aug 22, 2025, described as “Installation and use of temporary suspended scaffold for facade repairs as per plans filed herewith. No change to use, egress or occupancy under this application.”
- Alteration, filed Jul 15, 2025, estimated cost $28K, described as “Interior Non-Structural Demolition and renovations as shown on plans filed herewith. No change in use, egress or occupancy.”
- Major Renovation — Conversion, filed Jul 2, 2025, estimated cost $17.0M, 382 units added, 21 stories, described as “Conversion and alteration of existing commercial building to mixed-use.”
- Alteration, filed Feb 12, 2025, estimated cost $400K, described as “Facade repair”
- Alteration, filed Jan 7, 2025, estimated cost $10K, described as “Propose enclosure of convince stair opening. No change to use, egress or occupancy.”
10 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $22,466,700
- 2026–27 tax
- $1,762,909
- Market value (city estimate)
- $49,926,000
- Taxable value
- $22,242,060
- Assessed land
- $2,902,500
- Assessed improvements
- $19,564,200
Tax breaks
- ICAP abatement, through Jun 30, 2032, a $649,909 credit this tax year.
Zoning
C5-5: floor area ratio 15.97 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
In the news
40 Exchange Place Readies for 382-Unit Office-To-Residential Conversion in Financial District, Manhattan, New York YIMBY, Feb 17, 2026.