300 E 40 St Unit 12E · New York, NY 10016

$720,000

1 bd · 1.0 ba · 650 sqft · Condo · 102 Days on market

Built 1967

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Appreciation +6.3/10.0
• Schools +5.0/10.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• 1% rule +2.8/10.0
• Cash flow +2.7/30.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

Key facts

• Eastern exposure
• Open views
• Granite countertops

Tags

• EASTERN EXPOSURE
• OPEN VIEWS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• AMPLE CABINET STORAGE
• PARQUET HARDWOOD FLOORS

Property features AI

Finance

• HOA & community: Association: The Churchill

Exterior

• Parking: Garage; Carport present
• Security: Building security
• Utilities: Public sewer; Cable available; Electricity connected; Natural gas connected; Trash collection (public); Water connected
• Home design: Stock cooperative; 32 total stories; Entry on 12th level
• Construction: Brick construction
• Exterior features: Outdoor pool; No waterfront

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: 3 rooms total (includes bedrooms and living spaces)
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: First-floor bedroom; Elevator; Open kitchen; Bicycle room; Outdoor space; Pool/Spa; Pets allowed (cats and dogs; size limits apply)
• Laundry & utility: Laundry in hall

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $720k.

Deal economics

• At list price, monthly cash flow is $-2k ($-29k/yr) — negative.
• To cash-flow at today's rent, offer at most $639k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $559k (22.4% below list).
• Recommended offer: $559k (22.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Mark Twain Is 239 For The Gifted And Talented (math 90% / reading 96%, grade A+, #6 of 729 statewide, top 1%, 1,207 students, 44% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+5.4%/yr); 493 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).
• At $5,588/mo this rent would consume 48% of the median local household income ($140k/yr) (locally 5269% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $24k of equity ($5k loan paydown + $19k appreciation (2.7% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$61k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($655k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $558,774 (22.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
12. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 2.22%
• Cash-on-cash: -14.54%
• DSCR: 0.35
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.7% appreciation · 5.42% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.68×
• Total profit: $-65,121
• Equity at exit: $311,542

10-year hold

• IRR: 0.8%
• Equity multiple: 1.12×
• Total profit: $25,051
• Equity at exit: $470,845

Cash invested: $201,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10016

• Home prices YoY: 0.9%
• Rents YoY: 5.4%
• Active inventory: 493
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $5,588 high
• Mortgage (P&I): −$3,776
• Tax est. 1.5%: −$900 /mo · $10,800/yr
• Insurance: −$300
• HOA est. from 7 same-building comps: −$1,881
• Vacancy / Maint / Mgmt: −$1,173
• Net cashflow: $-2,442

Break-even live

Break-even rent $8,679

Max offer price $366,575

Occupancy floor —

Sensitivity live

Price	-10% $-1,945	-5% $-2,194	+0% $-2,442	+5% $-2,691	+10% $-2,940
Rent	-10% $-2,884	-5% $-2,663	+0% $-2,442	+5% $-2,222	+10% $-2,001
Rate	-1.0pp $-2,080	-0.5pp $-2,259	base $-2,442	+0.5pp $-2,629	+1.0pp $-2,819

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $180,000
• Closing costs: $21,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
556 3rd Ave New York, NY	1.0	1.0	540	$5,635	$10.44	3d	2	0.21mi
556 3rd Ave New York, NY	1.0	1.0	580	$5,240	$9.03	21d	2	0.21mi
556 3rd Ave Unit 2244 New York, NY	1.0	1.0	500	$5,640	$11.28	1d	1	0.21mi
230 E 44th St #2165 New York, NY	1.0–2.0	1.0	568	$3,150	$5.54	26d	2	0.23mi
138 E 38th St New York, NY	3.0	1.0–2.0	750	$4,510	$6.01	26d	4	0.25mi
399 E 34th St Unit 1025362P New York, NY	1.0	1.0	570	$9,174	$16.09	23d	1	0.29mi
222 E 34th St #999 New York, NY	1.0	1.0	554	$5,490	$9.91	8d	1	0.29mi
401 E 34th St New York, NY	3.0	1.0–2.0	887	$5,532	$6.23	0d	49	0.31mi
300 E 46th St New York, NY	2.0–3.0	1.0	716	$4,300	$6.00	26d	2	0.32mi
330 E 46th St #1794 New York, NY	1.0	1.0	489	$4,990	$10.19	26d	2	0.33mi
41 Park Ave New York, NY	2.0	1.0–2.0	815	$6,555	$8.04	9d	3	0.37mi
141 E 33rd St #1278 New York, NY	2.0	1.0–1.5	683	$6,230	$9.12	9d	3	0.39mi
301 E 47th St #1737 New York, NY	2.0	1.0	600	$5,380	$8.97	22d	1	0.39mi
30 Park Ave #1347 New York, NY	2.0	1.0	950	$7,890	$8.31	3d	3	0.41mi
135 E 47th St Unit 22F New York, NY	1.0	1.0	700	$7,500	$10.71	23d	1	0.44mi
155 E 31st St #2190 New York, NY	1.0–2.0	1.0–1.5	725	$5,610	$7.74	9d	2	0.44mi
135 E 47th St New York, NY	1.0	1.0	580	$6,350	$10.94	1d	1	0.46mi
160 E 48th St New York, NY	3.0	1.0–2.0	878	$6,993	$7.96	5d	9	0.46mi
220 E 49th St Unit 1021974P New York, NY	2.0	1.0	742	$5,190	$6.99	16d	1	0.48mi
340 E 51st St New York, NY	2.0	1.0–2.0	791	$6,250	$7.90	5d	3	0.57mi
300 E 51st St New York, NY	2.0	1.0–2.0	875	$6,365	$7.27	4d	3	0.57mi
340 E 52nd St #1527 New York, NY	1.0	1.0	575	$7,890	$13.72	1d	2	0.61mi
940 1st Ave Unit 2040 New York, NY	2.0	1.5	600	$6,810	$11.35	0d	1	0.62mi
333 E 52nd St Unit 2177 New York, NY	2.0	1.0	600	$4,900	$8.17	23d	1	0.64mi
309 5th Ave New York, NY	1.0	1.0	597	$7,596	$12.72	9d	13	0.65mi
959 1st Ave Unit 6X New York, NY	1.0	1.0	739	$6,000	$8.12	26d	1	0.67mi
30 Waterside Plz New York, NY	2.0	1.0–2.0	743	$5,245	$7.06	0d	35	0.70mi
420 E 54th St New York, NY	3.0	1.0–2.5	1018	$7,261	$7.13	0d	12	0.73mi
18 W 48th St Unit 670 New York, NY	1.0	1.0	631	$7,730	$12.25	9d	1	0.74mi
70 W 45th St #1131 New York, NY	1.0–2.0	1.0–2.0	902	$5,990	$6.64	9d	2	0.75mi
20 Waterside Plz #978 New York, NY	1.0	1.0	682	$4,760	$6.98	8d	1	0.78mi
235 E 55th St Unit 36B New York, NY	1.0	1.0	650	$4,800	$7.38	26d	1	0.80mi
123 E 54th St #1251 New York, NY	1.0–2.0	1.0	600	$5,220	$8.70	1d	2	0.80mi
290 3rd Ave #279 New York, NY	1.0	1.0	607	$9,740	$16.03	5d	2	0.86mi
599 E 56th St Unit 1817 New York, NY	1.0	1.0	625	$4,850	$7.76	26d	1	0.87mi
400 E 57th St #2106 New York, NY	2.0	1.0–2.0	903	$6,610	$7.32	5d	3	0.88mi
475 48th Ave Long Island City, NY	3.0	1.0–3.0	1293	$5,380	$4.16	0d	1	0.88mi
150 E 57th St New York, NY	5.0	1.0–7.5	2750	$10,504	$3.82	3d	5	0.89mi
43 W 27th St #1055 New York, NY	2.0	1.0	740	$9,940	$13.43	26d	1	0.91mi
250 E 21st St Unit 8D New York, NY	1.0	1.0	688	$9,525	$13.84	4d	1	0.92mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: poolgymdoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $720,000 Active 102 DOM
2. 2026-06-18
   days on market $720,000 Active 99 DOM
3. 2026-06-17
   days on market $720,000 Active 98 DOM
4. 2026-06-15
   days on market $720,000 Active 96 DOM
5. 2026-06-13
   days on market $720,000 Active 94 DOM
6. 2026-06-10
   days on market $720,000 Active 90 DOM
7. 2026-06-08
   days on market $720,000 Active 89 DOM
8. 2026-06-08
   days on market $720,000 Active 88 DOM
9. 2026-06-04
   days on market $720,000 Active 85 DOM
10. 2026-06-03
    days on market $720,000 Active 84 DOM
11. 2026-06-01
    days on market $720,000 Active 82 DOM
12. 2026-05-31
    days on market $720,000 Active 81 DOM
13. 2026-05-06
    price $720,000 2506-char remark

    Show marketing remark (2506 chars)

    Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

14. 2026-05-06
    status Active 2506-char remark

    Show marketing remark (2506 chars)

    Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

15. 2026-05-06
    price $720,000

    Show marketing remark (2506 chars)

    Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

16. 2026-05-01
    historical 2506-char remark

    Show marketing remark (2506 chars)

    Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

17. 2026-03-11
    listed $730,000 Active 2506-char remark

    Show marketing remark (2506 chars)

    Welcome to Apartment 12E at 300 East 40th Street in The Churchill, a full service condop building in the heart of Murray Hill, Manhattan. This oversized Junior 1 bedroom offers generous living space, excellent natural light, and flexible living in one of Midtown East’s most established luxury buildings near Grand Central Terminal. Located on the 12th floor with eastern exposure, the apartment is filled with beautiful morning sunlight and open views toward the East River. The well-designed layout features a spacious living and dining area, room for a home office, and a separate sleeping quarter large enough to comfortably accommodate a king size bed and additional furniture. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinet storage, making it practical for everyday living and entertaining. Parquet hardwood floors run throughout the apartment, adding warmth and classic New York character. The Churchill at 300 East 40th Street is a luxury full service condop building offering an extensive collection of amenities. Residents enjoy a 24 hour doorman and concierge, a covered circular driveway for convenient arrivals and departures, laundry on every floor, valet services, on-site garage parking, bicycle storage, and private storage options. One of the highlights of the building is its rooftop outdoor swimming pool and landscaped roof deck with panoramic city skyline and East River views. The building also features two fully gyms with sauna and locker rooms, along with comfortable lounge areas for relaxing or entertaining. Pets are welcome. The Churchill is well known as an investor friendly Manhattan building, with flexible ownership rules including subletting allowed from day one, making it appealing for both primary residents and investors seeking a Manhattan investment property. Perfectly positioned in Murray Hill, 300 East 40th Street is just minutes from Grand Central Terminal with access to the 4, 5, 6, and 7 subway lines as well as Metro-North. The East River Esplanade, neighborhood restaurants, grocery stores, shopping, and nightlife are all nearby, offering the ideal balance of residential living and Midtown convenience. Whether you are searching for a primary residence, a pied-à-terre, or an investment property in Manhattan, Apartment 12E at The Churchill offers space, light, and value in a full service building in one of Midtown East’s most convenient locations. Schedule your private showing today.

18. 2026-03-10
    listed $730,000 Active
19. 2020-02-11
    price $699,000
20. 2020-01-27
    price $719,000
21. 2020-01-27
    listed $699,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $67,053
• − Mortgage interest: −$40,331
• − Property taxes: −$10,800
• − Insurance: −$3,600
• − Repairs & maintenance: −$5,364
• − Management: −$5,364
• − HOA: −$22,572
• − Depreciation: −$20,945
• Taxable loss: −$41,924
• Est. tax savings @ 24.0%: +$10,062
• After-tax cash flow: $-19,248/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 52,971
• Household income: $140,381
• Rent vs Own: 74.9% rent · 25.1% own
• Severe rent burden: 5269.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Asian 20% Two or more races 11% Hispanic / Latino 11% Black 4%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Scotch-Irish 4% Lithuanian 2%
• Foreign-born: 26% · Canada, China, South Korea
• Languages at home: 71% English-only · Spanish 9% Other Indo-European 6% Chinese 5%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.70%
• Current HPI: 313.0343
• Rent YoY: ▲ 5.42%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+3.0% since first listed

9 events — show timeline

• 2026-05-06 Price Changed $720,000 RLS at REBNY
• 2026-05-06 Relisted — RLS at REBNY
• 2026-05-06 Price Changed $720,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-01 Delisted — RLS at REBNY
• 2026-03-11 Listed $730,000 RLS at REBNY
• 2026-03-10 Listed $730,000 OneKey® MLS as Distributed by MLS Grid
• 2020-02-11 Price Changed $699,000 RLS at REBNY
• 2020-01-27 Price Changed $719,000 RLS at REBNY
• 2020-01-27 Listed $699,000 RLS at REBNY