The Peterson New York 40, often referred to as the NY 40, represents a pivotal moment in American boat building where high-performance racing pedigree intersected with the burgeoning demand for luxury cruiser-racers. Designed by the legendary Doug Peterson and built by New Orleans Marine under the leadership of B. Thomas Dreyfus, the vessel was conceived in the early 1980s as a competitive offshore platform. While its name pays homage to the New York Yacht Club, which sought a standardized design for its members, the boat’s DNA is rooted in the IOR (International Offshore Rule) era, characterized by a sleek, powerful hull form and a masthead sloop rig.
Peterson New York 40 Information, Review, Specs

- Make
- Peterson
- Model
- New York 40
- Builder
- O. J. Young /New Orleans Marine/Palmer Johnson
- Designer
- Doug Peterson
- Number Built
- 21
- Production Year(s)
- 1977 - 1979
Sailing Performance & Handling
The New York 40 is a "sailor’s boat," engineered to perform optimally in a variety of wind conditions, particularly upwind where Peterson’s designs typically excelled. With a substantial displacement-to-length ratio that leans toward the heavier side of modern performance standards, the hull offers a stable, sea-kindly motion that minimizes slamming in a chop. Owners often report that the boat "tracks like it is on rails," a testament to the well-balanced spade rudder and deep fin keel.
Under sail, the NY 40 exhibits the classic IOR "pinched" stern, which, while providing excellent light-air performance, requires an attentive hand at the helm when running downwind in heavy seas to prevent rhythmic rolling. The rig is powerful, typically featuring a high-aspect masthead setup that allows for a massive 150% genoa. This configuration makes the boat a powerhouse in light to moderate air, though it necessitates early reefing as the breeze climbs above 18 knots to maintain a comfortable heel angle. According to editorial retrospectives on Doug Peterson’s career, such as those found in Cruising World, his designs from this period were celebrated for their ability to maintain speed through a tack, a trait the New York 40 possesses in abundance.
Interior Comfort & Variations
Unlike the stripped-out racing machines of the same era, the New York 40 was finished with a level of craftsmanship that appealed to the cruiser-racer market. The interior is characterized by extensive use of warm hardwoods—typically teak or mahogany—and a layout that prioritizes functionality at sea. The standard configuration includes a large offshore-friendly galley to port and a dedicated navigation station to starboard, which is often cited as one of the best in its class for its size and ergonomics.
The accommodations usually feature a forward V-berth and a spacious aft cabin, though variations exist depending on whether the original owner prioritized racing berths or cruising comfort. Headroom is generous throughout the main salon, and the "U" shaped settee provides secure seating when the boat is heeled. While New Orleans Marine did not produce a vast array of technical siblings, the hull design shares a lineage with other Peterson 40 designs produced by yards like Baltic and Tartan; however, the NY 40 variant is distinct for its specific deck layout and internal volume, which was optimized for the New York Yacht Club's requirements.
Popular Mentions & Media
The New York 40 maintains a cult following within the racing community on the Gulf Coast and the Eastern Seaboard. Its cultural footprint is most visible in the archives of the New York Yacht Club and through historical race results of the Newport to Bermuda Race, where several hulls have competed over the decades. While not a frequent star of YouTube cruising vlogs, the model is a staple in technical discussions regarding the evolution of IOR design and the transition of racing designers into the production cruising market.
Known Issues & Buyer’s Checklist
Prospective buyers should approach a New York 40 with a focus on the structural integrity of a 40-year-old performance hull.
- Chainplate Attachments: Due to the high rig loads, the chainplate knees and the surrounding fiberglass should be inspected for stress cracking or moisture intrusion.
- Deck Core: Like many boats of this era, the New York 40 utilizes a balsa-cored deck. Moisture ingress around stanchion bases and jib tracks is a common "gotcha" that can lead to delamination if not addressed.
- Rudder Post and Bearing: The spade rudder is under significant stress. High-signal reports from owner forums suggest checking the rudder post for any play or signs of electrolysis, as well as the integrity of the rudder blade itself for water absorption.
- Keel Bolt Inspection: Given its history as a racer, many NY 40s have experienced "hard groundings." A thorough inspection of the keel-to-hull joint and the torque of the keel bolts is mandatory.
- Mast Step: Check for corrosion at the base of the aluminum mast, particularly where it meets the steel or fiberglass step, as salt water often collects in this area.
Community & Resources
While New Orleans Marine is no longer in operation, the legacy of the boat is preserved through broader Peterson design groups. The most prominent resource for technical data and owner support is the Peterson 34/40 Owner’s Group, which serves as an informal clearinghouse for maintenance tips and rigging specifications. Additionally, the New York Yacht Club maintains historical records for vessels originally commissioned under their NY 40 class designation.
The Verdict
The Peterson New York 40 is a sophisticated, robust sailboat that offers a level of performance rarely found in modern "clutter-free" cruisers. It is a vessel for the experienced sailor who values the "feel" of a helm and the ability to point high into the wind.
Pros:
- Exceptional Pointing: Excellent upwind performance and speed.
- Solid Construction: Built during an era of heavy fiberglass layups.
- Timeless Aesthetics: Classic lines that still turn heads in any marina.
- Offshore Capable: Designed for the rigors of coastal and blue-water racing.
Cons:
- Maintenance Intensive: Older systems and cored decks require constant vigilance.
- IOR Quirks: Can be temperamental downwind in heavy air (the "death roll").
- Large Headsails: The masthead rig requires significant physical effort to trim large genoas compared to modern fractional rigs.
Measurements
Construction & Hull
- Construction Material
- Fiberglass
- Hull Type
- Monohull Sailboat
- Keel Type
- Fin
- Rudder
- 1x Spade
- Ballast
- 6800 lbs (Lead)
- Displacement
- 18500 lbs
- Water Capacity
- 100 gal
- Fuel Capacity
- 25 gal
Dimensions
- Length Overall (LOA)
- 39.5 ft
- Waterline Length (LWL)
- 32.5 ft
- Beam
- 12.83 ft
- Draft
- 7.16 ft
- Max Headroom
- -
- Air Draft
- -
Rig & Sails
- Rig Type
- Masthead Sloop
- P (Main Luff)
- 47.5 ft
- E (Main Foot)
- 12.5 ft
- I (Foretriangle Height)
- 53 ft
- J (Foretriangle Base)
- 17 ft
- Forestay Length (est)
- 55.66 ft
- Sail Area
- 747 sqft
Calculations
- Sail Area / Displacement (SA/D) Ratio
- 17.08
- Ballast / Displacement Ratio
- 36.76
- Displacement / Length Ratio (D/L) Ratio
- 240.59
- Comfort Ratio
- 27.62
- Capsize Screening Formula
- 1.94
- Hull Speed
- 7.64 kn