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Manhattan / Midtown-Times Square / 10036

235 WEST 48 STREET

Boro1
Block1020
Lot5
BBL1010200005
Class D8
Residential units
477
Units in total
483
Storeys
42
Year built
1989
Last alteration on file
-
Recorded transfers
2 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
1 May 2019$27,786,419-APARTMENT BUILDINGRPTT&RET
1 May 2019$223,200,000-APARTMENT BUILDINGRPTT&RET
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.
02

The building on the lot

Section through the lot

LOT 24,100 SQ FT42
Drawn from PLUTO: 42 storeys, 475,327 sq ft of building on 24,100 sq ft of lot, an average floor plate covering 47% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
24,100 sq ft
Building area
475,327 sq ft
Residential area
411,195 sq ft
Commercial area
64,132 sq ft
Office area
25,000 sq ft
Retail area
4,405 sq ft
Buildings on the lot
1
Built floor area ratio
19.72
Residential FAR permitted
10
Zoning district
C6-5
03

Assessment

Assessed land value
$13,590,000
Assessed total value
$81,580,950
Exempt value
$0
Assessed per residential unit
$171,029

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
D8ELEVATOR APT; LUXURY TYPE
Neighbourhood
Midtown-Times Square
ZIP code
10036
Community district
Manhattan 5
Council district
3
Coordinates
40.760893, -73.986092
05

Other buildings in Midtown-Times Square

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
680 8 AVENUED565219201-
250 WEST 50 STREETD6550199811-
235 WEST 56 STREETRM48219870-
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-
150 WEST 56 STREETRM3371987378$1.41m

Every building on file in Midtown-Times Square