40 EXCHANGE PLACE
BBL 1000250027 · Class O4 · Built 1902 · 20 floors · 86 units · 40 X OWNER LLC
40 EXCHANGE PLACE is a property in New York City zoned C5-5. The C5-5 classification is Commercial C5-5. The structure was built in 1902. It has 20 floors. The building contains 239,071 square feet. Built FAR is 15.97 of 10 maximum allowed. Assessed value is $21,256,650. Last sold for $115,000,000 in November 2015. Located in Council District 1.
You can build 225K sf as-of-right. The lot uses 106% of it today.
Governing use: commercial at FAR 15.00 on a 14,970 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
11 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Nov 30, 2015 | DEED | $115,000,000 | 40 EXCHANGE PLACE CORP.→40 X OWNER LLC |
| Jun 5, 1992 | DEED | — | EXCHANGE ASSOCIATES→40 EXCHANGE PLACE CORP |
| Dec 27, 1983 | DEED | — | OLYMPIA & YORK BROADETC→EXCHANGE ASSOC. |
| Aug 26, 1981 | DEED | — | O & Y EXCHANGE CORP→OLYMPIA & YORK ETAL |
| May 2, 1979 | DEED | — | THE FORTY EXCHANGE CO→WEBB LAND CO INC |
| May 14, 1974 | DEED | — | SALZ REALTY INC→THE FORTY EXCHANGE |
| May 14, 1974 | DEED | — | THE FORTY EXCHANGE CO→SALZ REALTY |
| Feb 11, 1971 | DEED | — | FORTY EXCHANGE CO INC→FORTY EXCHANGE CO |
| Feb 11, 1971 | DEED | — | FORTY EXCHANGE CO→FORTY EXCHANGE CO |
| Jan 6, 1969 | DEED | — | 40 EXCHANGE REALTY→TIDAL WAVE CORP |
| Jan 6, 1969 | DEED | — | TIDAL WAVE CORP→FORTY EXCHANGE CO |