East 40 Street
Manhattan · 10017 · BBL 1009700002
East 40 Street is a vacant lot in Midtown East, Manhattan, ZIP 10017. The city's property file lists the owner of record as 700 First Realty Company, LLC. Its most recent total assessed value is $53.6M.
Who owns East 40 Street
The most recent recorded deed is dated Sep 18, 2025, transferring the lot to 700 First Realty Company LLC. PulseCities holds 1 recorded deed for this lot. Deeds recorded through July 31, 2026, the most recent day the city has published.
A deed names a party of record. Stated consideration of $0 usually marks a transfer between related parties rather than a sale.
Sales and ownership history
| Party taking title | Recorded | Amount |
|---|---|---|
| 700 First Realty Company LLCDEED from 708 First Realty Company LLC | Sep 18, 2025 |
Deeds and assignments recorded in ACRIS, one row per document. Amount is the stated consideration; $0 often marks a non-arms-length transfer. An assignment moves a lender's paper and is not a sale. Source: NYC ACRIS, current through July 31, 2026.
Taxes and assessed value
The city's Department of Finance assessed this lot at $53.6M for the 2026 tax year. Assessed value is what the city taxes, not what the building would sell for, and the two routinely differ by a wide margin. The bill itself turns on the tax class rate and on any exemptions or abatements attached to the lot, neither of which is published here.
What the eviction record shows
No executed eviction is on record at East 40 Street in the citywide marshal file, which runs from April 2024.
Rent stabilization at this address
No DHCR rent-stabilization registration is on file for East 40 Street in the years PulseCities holds. Absence is not proof: an owner who stops registering leaves the same gap as a building that never had stabilized units. Checking your own apartment starts with the free rent history. How to check rent-stabilized status →
How East 40 Street compares in 10017
PulseCities tracks 667 lots in 10017, of which 29 carry an executed eviction from the marshal record, which starts in April 2024, and 32 carry a deed from the shorter ACRIS window. 10017 scores 12.5 out of 100 for displacement pressure, 159 of 177 scored NYC ZIP codes. The full signal breakdown for Midtown East →
Watch East 40 Street
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Questions about East 40 Street
Who owns East 40 Street?
The most recent deed on file for East 40 Street names 700 First Realty Company LLC. Deeds record the party that took title, which is often a holding company rather than the operator managing the building. That deed was recorded Sep 18, 2025.
Has East 40 Street changed hands recently?
PulseCities holds 1 recorded deed for this lot. Deeds appear here once the city publishes them to ACRIS, which runs behind the closing date.
Have there been evictions at East 40 Street?
No executed eviction at East 40 Street appears in the NYC evictions dataset, which PulseCities holds from April 2024 forward. Executed evictions are the end of the process, so a building with none may still have active housing court cases.
Is East 40 Street rent stabilized?
No DHCR registration for East 40 Street appears in the years PulseCities holds. That is a gap in the registration record rather than an answer about any apartment, and the free rent history from NYS Homes and Community Renewal is what settles it.
What is East 40 Street assessed at for property taxes?
The Department of Finance assessed the lot at $53.6M for the 2026 tax year. That is the figure the city taxes rather than a sale price, and the bill depends on the tax class rate and on any exemptions on the lot.
What is the displacement risk around East 40 Street?
10017 (Midtown East) scores 12.5 out of 100 on the PulseCities displacement index. The score reads five ZIP-level signals: LLC acquisition rate, permit intensity, 311 complaint volume, executed evictions, and serious HPD violations. It describes the area around the building, not the building itself.
Sourced from NYC public records: ACRIS deeds, DOB permits, the NYC evictions dataset, and 311. Records reflect what agencies have published and can lag events.