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The Bancroft is an Italian Renaissance palazzo-style prewar building from 1926, converted to a full-service coop in 1984 with 15 floors and 142 apartments, offering amenities like a doorman, storage, and laundry room. Located at 40 West 72nd Street near Central Park, the building is close to top-rated restaurants, shopping, gourmet supermarkets, and public transportation options. Currently, 2 apartments are for sale.
The Bancroft is a 15 story Italian Renaissance palazzo style co-op at 40 West 72nd Street, designed by renowned architect Emery Roth and built in 1926. Originally a hotel, the building was converted to a cooperative in 1984 and contains 142 apartments. The light orange brick façade features a distinctive blue colored cornice beneath its arches and a three story limestone base with a canopied entrance. The building sits on one of the Upper West Side's most coveted blocks, half a block from Central Park and positioned between two residential landmarks, The Dakota and The Majestic.
The building offers full service amenities including a 24 hour doorman, live-in superintendent, central laundry room, bike storage, and storage bins available for an annual fee of $300. The Bancroft has flexible policies that allow pets, pieds-à-terre, guarantors, co-purchasing, and parents buying for children. Financing up to 80% is permitted, and washer/dryers can be installed in units with board approval. The building permits protruding air conditioners but has no health club, balconies, or garage.
Apartments throughout the building feature classic prewar details, with 9 foot beamed ceilings and oak hardwood floors being nearly universal. Units range from studios to three bedrooms, with many offering flexible layouts and abundant closet space. Higher floor apartments provide views of the Midtown Manhattan skyline, while south facing units overlook historic townhouse courtyards with tree and garden views. The building's recent renovations include updated hallways, fixtures, and new apartment doors on all floors.
The location provides immediate access to Central Park and excellent transportation via the B/C and 1/2/3 subway lines, plus crosstown buses. The neighborhood offers proximity to Lincoln Center, Columbus Circle, and an array of gourmet markets including Trader Joe's, Fairway, and Citarella, along with numerous restaurants, boutiques, and fitness centers on nearby Columbus Avenue.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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