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: 20%
Total Apartments: 140 140

Total Floors: 16

Doorman: FT Doorman

Pets: Allowed

Total Floorplans:

Apartment Pricing Stats

$1,448

Avg. Price / ft²

Apartments for Sale (3)

$1,259

Avg. Price / ft²

Recent Sales (8)

Building Amenities

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

Apartments for Sale at 40 West 72nd Street (3) View history of all units

3

Available Apts

$450K - $1.295M

Price Range

$1,448

Avg. Price / ft²

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Apartments for Rent at 40 West 72nd Street (1) View history of all units

1

Available Apt

$4,200

Prices Start At

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The Bancroft: Rating

18

Out of 44

+

24

Out of 36

+

10

Out of 39

=

52

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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