40 Tiemann Place

40 Tiemann Place is a Co-op located in Morningside Heights, New York. The building was first built in 1920 and is 104 years old. It was first renovated and altered in 1987. The lot that the building was built on is 40 feet wide and 100 feet long. The official lot area is listed as 4,000 square feet. The building itself is 40 feet wide and 90 feet long. In total, 40 Tiemann Place has a total floor area of 19,504 square feet. Of that, 17,704 square feet are used for residential purposes. About 1,800 square feet of the building are used for commercial purposes. There are a total of 24 units. Of those, 20 are residential units. There are four commercial units. 40 Tiemann Place has a total of 6 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. 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 17 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 193 days Meaning, listings tend to sell at a median of $738 price per square foot. The transaction that took the longest to complete was unit 6D, listed on Mar 29, 2023 for $579,000. This particular unit ultimately sold 250 days later for $560,000. The most recent transaction was for unit 6D, which was first advertised on Mar 29, 2023, sold for $560,000 on Dec 04, 2023. Fun fact, the oldest transaction we have on record took place on Jun 13, 1968. See the full transaction history for 40 Tiemann Place below.

Morningside Heights, where 40 Tiemann Place is located, has a median asking price of $940,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $529,500. For interested buyers, that means the building's median asking price is around 0.44% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.