240 East 55th Tenants Corp.
240 East 55th Street
New York, NY 10022
co-op
About
240 East 55th Street was built in 1959 by developer Morris Rosen & Sons with the architectural services of prolific and award-winning Horace Ginsbern (a/k/a Ginsberg) & Associates. It converted to cooperative ownership in 1980. During the first decade of 2000, the building sponsors sold most of their remaining rental apartments and the building is over 90% owner-occupied. It is comprised of 14 floors plus penthouse floor originally totaling 98 apartments. Several apartments have since been combined. Floors 1 through 11 were designed with 87 large alcove studios. Floors 12, 14, and Penthouse feature 1 bedroom residences many of them with terraces. Room sizes and closets are generally very generous and most apartments on the south side of the building boast lots of sunlight and open city views which is unusual for apartments in Midtown. The building employs a full-time, live-in superintendent, a full-time porter/handyman, and 2 doormen. There are two passenger elevators and a laundry room and common storage room in the basement. The cooperatives underlying mortgage was refinanced in 2012, the reserve fund is ample, and the overall financials are very good. Subletting is permitted subject to a fee and co-op board approval. Dogs are not allowed. Located just west of 2nd Avenue with the bustling East Midtown business district on one side and the quiet, residential Sutton Place neighborhood on the other, 240 East 55th Street benefits from the energy and convenience of both. Transportation is easy thanks to several subway stations and Uptown/Downtown/Crosstown busses. There are numerous fine restaurants, a Whole Foods market, and other neighborhood essentials within a couple of city blocks.
Description Provided by Steen Rasmussen
applications
property contacts
confirm to continue
board minutes
Attorneys, Paralegals, and legal representatives can request to view Board Minutes via the Domecile platform. There is a fee associated with each approved request that is payable to Domecile.
questionnaires
Have a questionnaire completed by property management.
additional building information
PURCHASE POLICY
SUBLET POLICYAny shareholder wishing to sublet must have lived in the apartment for no less than one (1) year prior to sublet commencement date. A sublease can be for no more or less than a one (1) year term. Subsequent renewal(s) are subject to approval by the Board of Directors.
DOGS ARE NOT PERMITTED
- Maximum financing allowed: 75%
- Pied-a-terres, gifting, guarantors Allowed
- Purchase by trust or corporation allowed with occupancy agreement and application both from purchasing entity and financially responsible adults to occupy unit, as well as personal guarantee from the latter.
SUBLET POLICYAny shareholder wishing to sublet must have lived in the apartment for no less than one (1) year prior to sublet commencement date. A sublease can be for no more or less than a one (1) year term. Subsequent renewal(s) are subject to approval by the Board of Directors.
DOGS ARE NOT PERMITTED
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Buyer | Additional Processing Fee (Non-Refundable) | Submission | $200 if there is a 2nd Applicant or Guarantor | Mgmt |
| Buyer | Application Processing Fee (non-refundable) | Submission | $700 | Mgmt |
| Buyer | Credit Report Fee (Non-Refundable, Required) | Submission | $125 for each applicant | Mgmt |
| Buyer | Credit Report Rerun Fee (non-refundable) | Submission | $100 for each applicant (if applicable) | Mgmt |
| Buyer | Move-In Fee (non-refundable) | Submission | $500 | Bldg |
| Buyer | Package Reproduction Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Buyer | Rush Package Review Fee (non-refundable) | Submission | $500 (if applicable) | Mgmt |
| Seller | Move-Out Fee (non-refundable) | Submission | $500 | Bldg |
| Buyer | Move-In Deposit (refundable) | Move Out/Move In | $1,500 | Bldg |
| Seller | Move-Out Deposit (refundable) | Move Out/Move In | $1,500 | Bldg |
| Buyer | Expedited Closing Fee Expedited Closing Fee (non-refundable) (within 10 business days of approval) | Pre-Closing | $500 (if applicable) (paid by Buyer or Seller) | Mgmt |
| Buyer | Financing Fee (non-refundable) | Pre-Closing | $400, only if purchase is being financed | Mgmt |
| Buyer | Power of Attorney Review Fee (Non-Refundable) (If Applicable) | Pre-Closing | $200 Per POA (if applicable) | Mgmt |
| Seller | Closing Fee (non-refundable) | Pre-Closing | $850 | Mgmt |
| Seller | Closing Fee (non-refundable) (closing in other location; closing by mail) | Pre-Closing | $1100 (closing in other location; closing by mail) | Mgmt |
| Seller | Estate Sale fee (non-refundable) | Pre-Closing | $500 (if applicable) | Mgmt |
| Seller | Expedited Closing Fee Expedited Closing Fee (non-refundable) (within 10 business days of approval) | Pre-Closing | $500 (if applicable) (paid by Buyer or Seller) | Mgmt |
| Seller | Power of Attorney Review Fee (Non-Refundable) (If Applicable) | Pre-Closing | $200 Per POA (if applicable) | Mgmt |
| Buyer | Additional Closing Fee (WITHOUT a Bank Attorney Present, Non-Refundable) | Closing | $500, if applicable | Mgmt |
| Buyer | Estate Transfer Additional Closing Fee (WITHOUT the attorney present, Non-Refundable) | Closing | $200, if applicable | Mgmt |
| Buyer | Postponement Fee (Less than 48 Hours' Notice, Non-Refundable) | Closing | $500, if applicable | Mgmt |
| Buyer | Trust Transfer Additional Closing Fee (WITHOUT the attorney present, Non-Refundable) | Closing | $200, if applicable | Mgmt |
| Buyer | Undertaking Fee (Non-Refundable) | Closing | $100 | Mgmt |
co-op sublet
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Application Processing Fee (non-refundable) | Submission | $650 | Mgmt |
| Shareholder | Credit Report Fee (Non-Refundable, Required) | Submission | $125 for each applicant | Mgmt |
| Shareholder | Credit Report Rerun Fee (non-refundable) | Submission | $100 for each applicant (if applicable) | Mgmt |
| Shareholder | Move-In Fee (non-refundable) | Submission | $500 | Bldg |
| Shareholder | Move-Out Fee (non-refundable) | Submission | $500 | Bldg |
| Shareholder | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Rush Package Review Fee (non-refundable) | Submission | $500 (if applicable) | Mgmt |
| Subtenant | Additional Processing Fee (Non-Refundable) | Submission | $200 if there is a 2nd Applicant or Guarantor | Mgmt |
| Shareholder | Move-Out Deposit (refundable) | Move Out/Move In | $1,500 | Bldg |
| Subtenant | Move-In Deposit (refundable) | Move Out/Move In | $1,500 | Bldg |
| Seller | Sublet Fee | Upon Approval | $0.90 per share per month | Bldg |
less refinance
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Application Fee (non-refundable) | Submission | $250 | Mgmt |
| Shareholder | Package Resubmission Fee | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Rush Package Review Fee | Submission | $500 (if applicable) | Mgmt |
more refinance
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Application Fee (non-refundable) | Submission | $400 | Mgmt |
| Shareholder | Credit Fee (Required, Non-Refundable) | Submission | $125 per applicant | Mgmt |
| Shareholder | Credit Report Rerun Fee | Submission | $100 per applicant (if applicable) | Mgmt |
| Shareholder | Package Resubmission Fee | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Rush Package Review Fee | Submission | $500 (if applicable) | Mgmt |
sublet renewal
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Processing Fee (non-refundable) | Submission | $250 | Mgmt |
| Shareholder | Sublet Fee (Non-Refundable) | Upon Approval | $0.90 per share per month, charged to the shareholder's account. | Bldg |
alteration
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Resident | Alteration Security Deposit (Refundable) | Upon Approval | $1000 (if applicable) | Bldg |
| Resident | Major Security Deposit (Refundable) | Upon Approval | $2500 (if applicable) | Bldg |
single application initiation fee
One-time fee paid by the person who begins the application.
| payor | fee | due upon | amount |
|---|---|---|---|
|
Agent /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
|
Initiation
Initiation
N/A
|
$75
$120
Free
|
| Application Participants | Any | N/A | Free |
If you are a real estate agent affiliated with one of our enterprise brokerage clients starting an application is covered by your brokerage.
digital submission fee
| payor | fee | due upon | amount |
|---|---|---|---|
| New Resident | Purchase Sublet/Lease Storage Sale Parking Sale |
Submission | $65 |
| Current Resident | Renewal Refinance Transfer Storage Sale Parking Sale Alteration |
Submission | $45 |
app admin fee
| payor | due upon | amount |
|---|---|---|
| Any Participant Paying Building Fees | Submission | 5% of Total (excluding Digital Submission & Initiation Fees) |
For more detailed information, please see our Pricing page.
All property information and documentation provided by property management.
11/03/25