THE CONDO BOOK PROJECT

40 East 72nd Street Condominium

40 East 72nd Street, Manhattan, NY 10021

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Overview

Units
6 residential
Subway
7 min walk to 68 St-Hunter College 677 St 6, 8 min
Principals
Antonia Milonas, Spiros Milonas
Average $/sf
$4,422Homes in Schedule A, as first offered
Offering price
$19.9 million total $89 million when first offered

The sponsor of record is Axia Realty, LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 391 pages. The sponsor has filed 9 amendments, the latest in March 2026. The nearest other condo plan on file is 39 East 72nd Street Condominium, next door.

Plan CD140073 · New · accepted Nov 19, 2014 · AG record ↗

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FigureThis building1155 East 79th27 units · 0.4 miaccepted 201427e7938 units · 0.4 miaccepted 2017
Common ChargesPer Square Foot / Month$1.60 ⚠Below peers$1.75$2.48
Average Offering PricePer Apartment$14.36MHighest$12.49M$10.03M
Average PricePer Square Foot$4,422Highest$2,992$3,821
Average Unit SizeSquare Feet3,718 SFIn line4,174 SF2,626 SF

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Unit mix, closings, budgets, finishes and the team, against 155 East 79th and 27e79, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed83% of the homes in Schedule A5 of 6
Closing prices vs. Schedule A3 homes: $27,505,000 at closing against $43,250,000 in Schedule A (p. 51)−36.4%
Average closing price3 homes, on their Schedule A square feet$2,833 / SF
Closingsfirst and latest recordedMay 30, 2017 – May 1, 2026

Sales recorded with the Department of Finance (ACRIS) through May 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 5 closings
HomeRecordedClosing priceSchedule ADifference
4May 30, 2017$11,055,000——
3Jun 1, 2017$11,205,841——
5Jun 15, 2017$11,155,000$14,450,000 p. 51−22.8%
2Nov 12, 2021$8,750,000$13,850,000 p. 51−36.8%
1May 1, 2026$7,600,000$14,950,000 p. 51−49.2%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Axia Realty, LLC
Principals
Antonia Milonas, Spiros Milonas
Tax estimate
Podell, Schwartz, Schechter & Banfield LLPPrepared the first-year real estate tax projection
Construction lender
Doral Bank$26.8 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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