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Manhattan / Midtown-Times Square / 10036

16 WEST 48 STREET

Boro1
Block1263
Lot7501
BBL1012637501
Class RM
Residential units
152
Units in total
153
Storeys
34
Year built
2005
Last alteration on file
2005
Recorded transfers
326 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
28 Jan 2026$1,045,0004FSINGLE RESIDENTIAL CONDO UNITDEED
18 Apr 2025$1,180,00015BSINGLE RESIDENTIAL CONDO UNITDEED
20 Feb 2025$1,653,00024BSINGLE RESIDENTIAL CONDO UNITDEED
18 Dec 2024$1,200,00030DSINGLE RESIDENTIAL CONDO UNITDEED
26 Nov 2024$1,400,000PHCSINGLE RESIDENTIAL CONDO UNITDEED
22 Nov 2024$785,0005CSINGLE RESIDENTIAL CONDO UNITDEED
19 Nov 2024$1,068,00018CSINGLE RESIDENTIAL CONDO UNITDEED
13 Aug 2024$995,00012BSINGLE RESIDENTIAL CONDO UNITDEED
3 Jun 2024$1,225,00021ASINGLE RESIDENTIAL CONDO UNITDEED
29 Apr 2024$630,0003CSINGLE RESIDENTIAL CONDO UNITDEED
2 Apr 2024$965,0009CSINGLE RESIDENTIAL CONDO UNITDEED
29 Feb 2024$1,168,88827DSINGLE RESIDENTIAL CONDO UNITDEED
20 Dec 2023$950,0008DSINGLE RESIDENTIAL CONDO UNITDEED
16 Aug 2023$1,250,00022ASINGLE RESIDENTIAL CONDO UNITDEED
31 Jul 2023$1,140,00023CSINGLE RESIDENTIAL CONDO UNITDEED
3 Apr 2023$995,0005FSINGLE RESIDENTIAL CONDO UNITDEED
28 Dec 2022$900,00017DSINGLE RESIDENTIAL CONDO UNITDEED
8 Jul 2022$910,0007DSINGLE RESIDENTIAL CONDO UNITDEED
21 Jun 2022$1,420,00022ESINGLE RESIDENTIAL CONDO UNITDEED
3 Dec 2021$896,00018DSINGLE RESIDENTIAL CONDO UNITDEED
12 Jul 2021$975,0003BSINGLE RESIDENTIAL CONDO UNITDEED
25 Jun 2021$900,00018DSINGLE RESIDENTIAL CONDO UNITDEED
23 Jun 2021$762,00024DSINGLE RESIDENTIAL CONDO UNITDEED
20 Apr 2021$915,0009ASINGLE RESIDENTIAL CONDO UNITDEED
23 Sep 2020$1,935,00025BSINGLE RESIDENTIAL CONDO UNITDEED
24 Jun 2019$2,000,00024BSINGLE RESIDENTIAL CONDO UNITDEED
2 May 2019$1,415,00016BSINGLE RESIDENTIAL CONDO UNITDEED
22 Feb 2019$2,325,00034ASINGLE RESIDENTIAL CONDO UNITDEED
19 Dec 2018$950,0008DSINGLE RESIDENTIAL CONDO UNITDEED
24 Oct 2018$1,390,00034DSINGLE RESIDENTIAL CONDO UNITDEED
28 Jun 2018$1,483,00022CSINGLE RESIDENTIAL CONDO UNITDEED
18 Jun 2018$1,445,00014BSINGLE RESIDENTIAL CONDO UNITDEED
18 Jun 2018$2,625,00026BSINGLE RESIDENTIAL CONDO UNITRPTT&RET
8 May 2018$540,0007FSINGLE RESIDENTIAL CONDO UNITDEED
13 Mar 2018$2,600,00025BSINGLE RESIDENTIAL CONDO UNITDEED
12 Jan 2018$795,0006CSINGLE RESIDENTIAL CONDO UNITDEED
31 Oct 2017$1,695,00028CSINGLE RESIDENTIAL CONDO UNITDEED
18 Aug 2017$1,386,00033DSINGLE RESIDENTIAL CONDO UNITDEED
15 Jun 2017$1,260,00032DSINGLE RESIDENTIAL CONDO UNITDEED
19 May 2017$1,271,00022DSINGLE RESIDENTIAL CONDO UNITDEED
326 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.

By year

YearTransfersMedian recordedLowestHighest
20261$1,045,000--
20252$1,416,500$1,180,000$1,653,000
20249$1,068,000$630,000$1,400,000
20234$1,067,500$950,000$1,250,000
20223$910,000$900,000$1,420,000
20215$900,000$762,000$975,000
20201$1,935,000--
20193$2,000,000$1,415,000$2,325,000
20188$1,417,500$540,000$2,625,000
20177$1,386,000$1,260,000$1,800,000
201611$1,598,000$1,080,000$2,675,000
201517$1,305,000$10$1,800,000
201420$1,369,000$700,000$2,825,644
201331$1,210,000$10$2,400,000
201226$1,032,500$720,000$2,310,000
201114$1,130,000$657,500$1,970,000
201010$1,107,500$560,000$2,062,500
20099$610,950$534,581$1,950,000
200824$1,211,718$722,958$2,100,000
2007121$1,189,724$580,810$7,211,750
02

The building on the lot

Section through the lot

LOT 7,431 SQ FT34
Drawn from PLUTO: 34 storeys, 133,983 sq ft of building on 7,431 sq ft of lot, an average floor plate covering 53% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
7,431 sq ft
Building area
133,983 sq ft
Residential area
126,855 sq ft
Commercial area
7,128 sq ft
Office area
-
Retail area
7,128 sq ft
Buildings on the lot
1
Built floor area ratio
18.03
Residential FAR permitted
10
Zoning district
C6-4.5
03

Assessment

Assessed land value
$3,010,520
Assessed total value
$27,583,663
Exempt value
$2,230
Assessed per residential unit
$181,471

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
Midtown-Times Square
ZIP code
10036
Community district
Manhattan 5
Council district
4
Coordinates
40.757541, -73.979317

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Midtown-Times Square

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
680 8 AVENUED565219201-
250 WEST 50 STREETD6550199811-
235 WEST 56 STREETRM48219870-
235 WEST 48 STREETD847719892-
770 8 AVENUED646420010-
76179 7 AVENUERM4451927453$650k
242 WEST 53 STREETD842620150-
1752 BROADWAYD6396197915-
890 8 AVENUERM39420030-
870 8 AVENUED638119650-
980 AVENUE OF THE AMERICASD638019860-
66 WEST 38 STREETRM37420010-

Every building on file in Midtown-Times Square