The Bancroft, 40 West 72nd Street

Co-op located in Upper West Side, between Columbus Avenue & Central Park West

Description of The Bancroft at 40 West 72nd Street

The Bancroft is an Italian Renaissance palazzo-style prewar building built in 1926 and converted to a full-service coop in 1984 with 15 floors and 142 apartments. The building features a full-time doorman and offers storage space ($300 annually), a bike room, and a laundry room. Pets, pieds-a-terre, guarantors, and co-purchasing are permitted.

The Bancroft is located at 40 West 72nd Street near Central Park, top-rated restaurants, cool coffee shops, chic shopping, and gourmet supermarkets like Trader Joe's, Citarella, and Fairway. Nearby public transportation includes the B/C and 1/2/3 trains and crosstown buses going in all directions.

Building Facts

Year Built: 1926

Converted Year: 1984

Building Type: Co-op

Neighborhood: Central Park West (Manhattan)

Minimum Down Payment: 20%
Total Apartments: 140

Total Floors: 16

Doorman: FT Doorman

Pets: Allowed

Apartment Pricing Stats

$1,177

Avg. Price / ft²

Apartment for Sale (1)

$1,620

Avg. Price / ft²

Recent Sales (5)

Building Amenities

FT Doorman
Pre War
Resident Storage
Rooftop Terrace
Washer/Dryer in building
Elevator
Bike Room
Live-In Superintendent

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Apartments for Sale at 40 West 72nd Street (1)

Available Apts

$1.295M

Price Range

$1,177

Avg. Price / ft²

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The Bancroft: Rating

Out of 44

Out of 36

Out of 39

Carter Horsley's Review of The Bancroft

"This pleasant, mid-block, Italian Renaissance-palazzo style, apartment building was erected in 1925 and converted to a cooperative in 1984.

It has a very distinctive cornice that is colored blue beneath its arches. The building has a three-story limestone base with a canopied entrance and arched windows on the second floor. It has a concierge and permits protruding air-conditioners. It has no health club, no balconies and no garage." Read Carter's Full Review

Pros

Concierge
Distinctive cornice with blue arches
Pleasant pre-war building
Half a block from Central Park
Canopied Entrance
Half a block from subway
Close to several landmarks
Convenient to many restaurants and boutiques

Cons

No Balconies
No health club
No garage
Many apartments
No sidewalk landscaping

Broker & Buyer Comments

"Classic prewar lines. Recent interior renovations in the lobby and hallways. The board is notoriously slow. The building has a sponsor that is unwilling to sell off rental units so the owner occupancy is too high for most banks. Only Citibank will write mortgages in this building. The board has attempted to sue the sponsor unsuccessfully. As a result fees are high and the board a little contentious. Few neighborhoods offer such a fine combination of fine restaurants, cheap eats, good shopping and access to Central Park."

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Area Map | StreetView

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Subways

at Central Park West 0.11 miles

at Broadway 0.24 miles

Sales History

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Sales Summary - Past 12 Months

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Past 12 Months

$1,796,500

Avg. Price
Based on 5 Sales

Closing History - Last 10 sales

Units Sold

$325K - $3.2M

Price Range

$1,433

Avg. Price / ft²

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Pricing Comparison of Similar Buildings

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The Bancroft in the News

From Future New York NYC Homes with Graceful Arched Windows; RAMSA's 200 East 83rd Street is already 30% Sold

Thursday, October 21, 2021

From Great Listings Price Cuts: Reduced listings include homes of Eleanor Roosevelt, Harry Winston, and Stephen Ross

Wednesday, June 30, 2021

Steals & Deals: New listings under $1M include bright 3-bedroom condo off Central Park (Dec 11, 2020)

Alternate Address

34 West 72 Street

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40 West 72nd Street, Apt 21B

The Bancroft, 40 West 72nd Street

Co-op located in Upper West Side, between Columbus Avenue & Central Park West

Description of The Bancroft at 40 West 72nd Street

Building Facts

Apartment Pricing Stats

Building Amenities

Apartments for Sale at 40 West 72nd Street (1)

The Bancroft: Rating

Architecture Rating: 18 / 44

Location Rating: 24 / 36

Features Rating: 10 / 39

CityRealty Rating Reference

Carter Horsley's Review of The Bancroft

Broker & Buyer Comments

Area Map | StreetView

Subways

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

The Bancroft in the News

Alternate Address

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