---
title: "16 West 40th Street #PHS, New York City, NY 10018"
description: "16 West 40th Street #PHS, New York City, NY 10018 — Midtown, New York City, NY. Listing Price $13,750,000. Price Reduced: Reduced $1,200,000 (8%) from $14,950,000 on October 1, 2026. 3 bed, 5 bath, 4,078 sqft Illustrative Buyer Commission Share of $206,250 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-phs-PHS-ny-10018"
source: "Real Estate Rebate Team"
dateModified: "2026-10-01T16:42:15.296Z"
status: "Active"
---

# 16 West 40th Street #PHS, New York City, NY 10018

Midtown, New York City, NY

Courtesy of Corcoran Sunshine Marketing Group

Last updated: October 1, 2026, 12:42 PM

## At a Glance

- **Listing Price**: $13,750,000
- **Price Reduced**: Reduced $1,200,000 (8%) from $14,950,000 on October 1, 2026
- **Beds**: 3
- **Total Baths**: 5
- **Sqft**: 4,078
- **Common Charges**: $9,383 / mo
- **Price per Sqft**: $3,372
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $13,750,000
- **Illustrative Buyer Commission Share**: -$206,250*
- **Illustrative Net Cost**: $13,543,750

*Illustrative Buyer Savings of $206,250 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![16 West 40th Street #PHS, New York City, NY 10018 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dc941e7-b4b9-4f4b-bd43-c76f06896ee3.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dab4e02-a847-4747-a329-b5a52feeebba.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8eace3b-562b-4cfb-86d9-69d0ab496cc1.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb13f22b-45ff-45fd-acda-5bed308d0516.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7e34f405-ebc1-4269-95c9-24e57c337ddd.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/786d702f-c98d-4cff-be7c-38b1e963d064.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dac83518-4e70-4efc-bd0b-4aa38a16bd8a.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f17f3e1-1b9a-4c65-ba02-62da326fd464.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/def3d717-5ac4-454d-a9f7-cdc1c5687b85.jpg)
![16 West 40th Street #PHS, New York City, NY 10018 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/68586d20-f158-4ae7-869d-7e30458753f4.jpg)

## Property Overview

Pay No Common Charges for 12-months!

 Located high above vibrant Bryant Park in the heart of New York City, Penthouse South is one of just two Penthouses crowning The Bryant, David Chipperfield's new modernist landmark on Bryant Park. Penthouse South is spread over three floors of refined living and entertaining space with a double-height loggia and incomparable views of the Empire State Building and the New York City skyline. At 4,078 sq. ft. (379 sq. m.), this 3-bedroom home with private roof terrace offers an expansive floor plan with an abundance of natural light and ultra-luxurious design by Pritzker Prize winning David Chipperfield Architects.

 The Bryant's signature marble terrazzo facade wraps all the way to the interiors, framing floor-to-ceiling windows, and transitioning seamlessly to radiant-heated terrazzo floors throughout the entertaining levels and fumed oak herringbone floors on the bedroom level. On the 32nd floor entertaining level, enter into a 70' wide great room with 10'6" ceiling heights, and living and dining areas that are divided by a dramatic Jet Mist granite gas fireplace, open on both sides. Victrosa sliding glass doors span the entirety of the southern exposure, opening onto a double-height colonnade and second terrace. The chef's kitchen features custom designed fumed oak millwork cabinetry and is outfitted with a full suite of Gagganeau and Sub-Zero appliances including a built-in espresso maker and integrated full height wine storage. A second prep kitchen is conveniently located next to the service entrance and features an additional cooktop, oven, sink, dishwasher and refrigerator drawers.

 A private internal elevator connects the entertaining level, bedroom level, and the 875 sq. ft. (81 sq. m.) wraparound roof terrace with adjacent solarium. The bedroom level includes a 40' wide primary bedroom suite with heated oak herringbone floors, a large windowed dressing room, and a primary bath with a striking freestanding hand-carved Statuarietto marble tub. The second and third bedrooms each have their own en-suite baths, clad with slabs of honed Statuarietto marble and fitted with Dornbracht fixtures, Bendheim glass doors, and custom vanities.

 At the rooftop level, the elevator opens to a solarium with wet bar and powder room, wrapped by a massive open-air terrace with incredible city skyline views to the west, south and east.

 Residences at The Bryant, located at 16 West 40th Street, sit atop a boutique hotel and amenities include a 24-hour attended lobby, lounge, fitness center with sauna, and access to the Branch Club with double-height lounges and full bar overlooking Bryant Park.

 Immediate Occupancy.

## Property Details

- **Property Type**: Condominium
- **Beds**: 3
- **Total Baths**: 5
- **Rooms**: 8
- **Sqft**: 4,078 sqft
- **Stories**: 34
- **Year Built**: 2017
- **Price per Sqft**: $3,372
- **Common Charges**: $9,383 / Monthly
- **Listed On**: Mar 6, 2026
- **Days on Market**: 210 Days

### Residence Features

- Central Air
- Building Other
- In Unit
- Juliet Balcony
- Private Outdoor Space Over 60 Sqft
- Separate/Formal Dining Room
- High Ceilings
- Dishwasher
- City
- Panoramic
- Skyline

## Estimated Monthly Payment

**$78,910 / month**, assuming a 20% down payment ($2,750,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $69,527
- **Common Charges**: $9,383

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

11 apartments at The Bryant have recorded sales since October 2021, the most recent for $1,900,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [20B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-b-20B-ny-10018) (Apartment) | 1 | 1,074 | $1,900,000 | $1,769/ft² | September 10, 2026 | MLS |
| 19C (Apartment) | 2 | 1,329 | $2,515,000 | $1,892/ft² | June 4, 2026 | City record |
| 29A (Apartment) | 2 | 1,650 | $3,999,000 | $2,424/ft² | February 10, 2026 | City record · MLS |
| 28B (Apartment) | 2 | 1,882 | $3,904,369 | $2,075/ft² | January 29, 2026 | City record · MLS |
| 25B (Apartment) | 2 | 1,882 | $3,700,000 | $1,966/ft² | December 17, 2025 | City record · MLS |
| 20C (Apartment) | 2 | 1,329 | $2,623,500 | $1,974/ft² | October 31, 2025 | City record · MLS |
| 29B (Apartment) | 2 | 1,882 | $3,975,000 | $2,112/ft² | October 17, 2025 | City record · MLS |
| 26B (Apartment) | 2 | 1,882 | $3,900,000 | $2,072/ft² | October 7, 2025 | City record · MLS |
| 24D (Apartment) | 1 | 1,067 | $1,850,000 | $1,734/ft² | June 16, 2025 | City record · MLS |
| 24A (Apartment) | 2 | 1,391 | $4,075,000 | $2,930/ft² | October 26, 2023 | City record · MLS |
| 21D (Apartment) | 1 | 1,067 | $2,020,000 | $1,893/ft² | October 20, 2023 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $13,750,000
- **Median sold price**: $11,000,000
- **Difference**: +$2,750,000 (+25%)
- **This home, $/ft²**: $3,372
- **Median $/ft²**: $3,395
- **Comparable sales**: 43
- **Sales from**: November 2024 – August 2026
- **Middle half of those sales**: $6,425,000 – $17,500,000

Based on condo three-bedroom sales in Midtown.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Midtown instead.

### How these sales were negotiated

- **Sale-to-list price**: 94.8% (40 sales)
- **Sold below asking**: 78% (40 sales)
- **Typical time to find a buyer**: 110 days (40 sales)
- **Typical time to close**: 54 days (31 sales)

Based on condo three-bedroom sales in Midtown with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at The Bryant

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $2,261/ft² | 4 (thin) |
| 2018 | $2,548/ft² | 21 |
| 2019 | $2,931/ft² | 13 |
| 2025 | $1,974/ft² | 5 |
| 2026 YTD | $2,075/ft² | 3 (thin) |

Based on recorded sales at The Bryant. 2026 is year-to-date.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at The Bryant](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bryant)

## Price and Property History for 16 West 40TH Street, Unit PHS

Review the recorded listing activity for 16 West 40TH Street, Unit PHS, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $1,200,000, or 8%, on October 1, 2026
- **Originally listed**: March 6, 2026 at $16,300,000
- **Current asking price**: $13,750,000

| Date | Price | Listing event |
| --- | --- | --- |
| October 1, 2026 | $13,750,000 | Asking price reduced by $1,200,000, or 8% |
| April 28, 2026 | $14,950,000 | Asking price reduced by $1,350,000, or 8.3% |
| March 6, 2026 | $16,300,000 | Listed for sale by Corcoran Sunshine Marketing Group |

## About The Building

### The Bryant

Midtown · Condominium

16 West 40th Street, New York, NY 10018

A building in Midtown, currently featuring 4 active listings.

- **Year Built**: 2017
- **Active Units**: 4
- **Floors**: 34

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bryant)

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [PHS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-phs-PHS-ny-10018) | 3 | 4 | 4,078 sqft | $3,372 | $13,750,000 (-8.0%) | Corcoran Sunshine Marketing Group | Mar 6, 2026 | 210 days |
| [PHN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-phn-PHN-ny-10018) | 4 | 5 | 4,163 sqft | $3,483 | $14,500,000 (-7.9%) | Corcoran Sunshine Marketing Group | Nov 6, 2023 | 1,061 days |
| [16B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-16b-ny-10018) | 1 | 1 | 1,088 sqft | $1,829 | $1,990,000 | Compass | Sep 15, 2026 | 17 days |
| [22B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-22b-ny-10018) | 1 | 1 | 1,074 sqft | $1,769 | $1,900,000 (-5.0%) | Compass | Sep 8, 2026 | 24 days |

### Recently Sold (1)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [20B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10018/16-west-40th-street-b-20B-ny-10018) | 1 | 1 | 1,074 sqft | $1,769 | $1,900,000 | Sothebys International Realty | Apr 27, 2026 | Sep 10, 2026 |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Midtown

The Center of the World

[Explore Midtown](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Midtown

- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen)
- [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)

## Related Links

- [The Bryant — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-bryant)
- [Midtown neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.