The Sherwood

The Sherwood is a Co-op located 340 West 55th Street, in Hell's Kitchen, New York. The building was first built in 1925 and is 99 years old. It was first renovated and altered in 1981. The lot that the building was built on is 101 feet wide and 100 feet long. The official lot area is listed as 10,100 square feet. The building itself is 87 feet wide and 87 feet long. In total, 340 West 55th Street has a total floor area of 65,750 square feet. Of that, 65,750 square feet are used for residential purposes. There are a total of 56 units. Of those, 56 are residential units. 340 West 55th Street has a total of 11 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 340 West 55th Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 57 closings on record, of which we have matching data for 21 listings. In the past 3 years, a listing in this building will typically remain on the market for about 144 days Meaning, listings tend to sell at a median of $848 price per square foot. The transaction that took the longest to complete was unit 4A, listed on Feb 19, 2020 for $750,000. This particular unit ultimately sold 327 days later for $675,000. The most recent transaction was for unit 5A, which was first advertised on Jul 06, 2023, sold for $629,000 on Oct 11, 2023. Fun fact, the oldest transaction we have on record took place on Oct 02, 1975. See the full transaction history for The Sherwood below.

Hell's Kitchen, where 340 West 55th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $825,000. For interested buyers, that means the building's median asking price is around 0.10% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $617,500. It is a 1-bedroom and 1-bathroom unit.