40 University Place, Manhattan
Co-op · 74 units · built c. 1926 · Block 567, Lot 19.
Building permits
- Alteration, filed Oct 16, 2026, estimated cost $144K, described as “Interior renovation of APT 2D as per plans filed herewith. Related Plumbing work filed as subsequent application. No change to use, egress or occupancy.”
- Alteration, filed Jun 17, 2026, estimated cost $40K, described as “Installation of heavy duty sidewalk shed. No change in use, occupancy or egress under this application, all work to comply with chapter 33 of nycbc.”
- Alteration, filed Feb 12, 2025, estimated cost $41K, described as “Minor alteration of existing dwelling unit 4B no change to use, egress or occupancy.”
- Alteration, filed Oct 8, 2024, estimated cost $22K, described as “File general construction work on 1ST floor store to repair ceiling, walls, new floor tiles, partition,and painting as per plan. No change in use, egress or occupancy.”
- Alteration, filed Jul 24, 2024, estimated cost $1K, described as “Installation of temporary sidewalk shed as per dwgs. No change in use, occupancy or egress under this application.”
- Alteration, filed Jun 8, 2023, estimated cost $28K, described as “Interior alterations @ unit 12FG: ceiling slab repairs/replacement as per plans. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 15, 2022, estimated cost $35K, described as “Carrier: Dish Wireless. New Antenna Installation. Install (2) exterior cabinets on a new platform on the roof. Install (3) new antennas, (3) new OVP devices, and (6) new RRH units on a new antenna frame. In conformance w/ TPPN #5/98. No…”
- Alteration, filed Oct 25, 2022, estimated cost $200K, described as “Interior renovation to Combine Units 12F & 12G only. No change in use, egress, and occupancy under this application.”
- Alteration, filed Sep 1, 2022, estimated cost $159K, described as “Structural steel framing work for sidewalk and vault replacement as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Mar 16, 2022, estimated cost $33K, described as “Remove, replace, relocate and install new pl fixtures as per plans submitted herewith (general construction filed under application #M00671316)”
- Alteration, filed Mar 15, 2022, estimated cost $595K, described as “Interior renovation to existing apartment #6A on the 6TH floor. Remove and construct new partitions. All as per plan . No change in use egress or occupancy. (plumbing to be filed undeer separate application)”
- Alteration, filed Aug 12, 2021, estimated cost $6K, described as “Installation of two (2) new AC units and 2 steam radiators. No change in use, occupancy, or egress.”
- Alteration, filed Jul 23, 2021, estimated cost $60K, described as “Apt. #4C, erect minor interior partitions. Plumbing work to be filed under subsequent application. No change to egress, occupancy or use.”
- Alteration, filed Mar 2, 2021, estimated cost $85K, described as “Interior renovation of existing class A apartment #6F on the 6th floor of an existing residential building. Architectural work. No change in use, occupancy, or egress.”
- Alteration, filed Sep 21, 2020, estimated cost $10K, described as “Plumbig work at apartment #8F on the 8TH floor of exisitng building, all as per plan.”
- Alteration, filed Feb 8, 2019, estimated cost $8K, described as “Install pipe scaffold as per drawings.”
- Alteration, filed Apr 17, 2018, estimated cost $21K, described as “Alteration type 3 - construction equipment - sidewalk- shed proposed installation of light duty sidewalk shed. No change in use occupancy or egress under this application. Live load 150 per square feet. Sidewalk shed shall comply with…”
Property taxes
- Assessment
- $14,063,400
- 2026–27 tax
- $1,415,019
- Market value (city estimate)
- $31,252,000
- Taxable value
- $13,200,009
- Assessed land
- $918,000
- Assessed improvements
- $13,145,400
Tax breaks
- Co-op and condo abatement, with no end date, a $227,725 credit this tax year.
Zoning
C1-7: floor area ratio 9.59 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 5, 2026: $935,000
- Feb 26, 2026: $4,800,000
- Feb 24, 2026: $1,995,000
- Jan 8, 2026: $665,000
- Sep 18, 2025: $3,950,000
- Jul 17, 2025: $1,975,000
- Jul 1, 2025: $1,995,000
- Mar 27, 2025: $1,890,000
- Mar 20, 2025: $2,800,000
- Sep 12, 2024: $3,520,500
The 10 most recent of 31 open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Union Square South (City Planning 2019M0123): Completed, decided Nov 4, 2020. This is an application by the Department of City Planning requesting a zoning map and zoning text amendment to expand the Special Union Square District, create a new subdistrict (Subdistrict B), and establish a special permit for new hotel…