New York City  »  10003  »  Park Ave S  »  228 Park Ave S

228 Park Ave S, New York, NY 10003 - Property report

Also known as: 44-56 E 19th St

Property image for 228 Park Ave S, New York, NY 10003
static Mapbox map

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1900

Lot sq. ft.

24,450

Sale price

$228,850,000

General information

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Address
Primary address
228 Park Ave S
Alternate address(es)
224-228 Park Ave S
224-228 Pas
230 Park Ave S
ZIP code
10003
Neighborhood
Flatiron District
Borough
Manhattan
Block & lot
00847-0040

Owner

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Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
350,000
Building dimensions
130 ft x 198 ft
Buildings on lot
1
Stories
13
Year built
1900
Last altered
2020
Building material
Sales
Sale date
09/27/2007
Sale price
$228,850,000
Tax
Tax year
2026-2027
Property tax
$6,004,706
Tax class
Zoning & Use
Zoning
Commercial units
20
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
131 ft x 200 ft
Lot sq. ft.
24,450
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Current built area
349,880 sq. ft.
Buildable area

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
2
Community district
5
Closest police station
0.60 Miles
Closest fire station
0.09 Miles

View more such as transportation, nearby schools and risk designations.

Units for 228 Park Ave S, New York, NY

Ownership information for 228 Park Ave S, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 228 Park Ave S, New York, NY 10003

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/25/2019 - R
10/23/2019 - D
Assignment, Mortgage
(2019112200784001)
XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
09/12/2019 - R UCC3 Termination
(2019091100730004)
XXX XXX (XXXXXX X X X XXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXX
09/12/2019 - R UCC3 Termination
(2019091100730003)
XXX XXX (XX XXXXX X X X XXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXX
10/10/2019 - R
09/11/2019 - D
Agreement
(2019100900583001)
XXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXX XXX XXX XXX
09/12/2019 - R
09/11/2019 - D
Sundry Agreement
(2019091100730009)
XXXX XX XXXXXXX X X XXX XXX XXX XXX
09/12/2019 - R
09/11/2019 - D
Mortgage and Consolidation
(2019091100730008)
XXX XXX XXX XXX XXXX XX XXXXXXX X X
09/12/2019 - R
09/11/2019 - D
Assignment, Mortgage
(2019091100730007)
XXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXX XXXX XX XXXXXXX X X
09/12/2019 - R
09/11/2019 - D
Deed
(2019091100730006)
XXX XXX XXX XXX XXX XXX XXX
09/12/2019 - R
09/11/2019 - D
Termination of Assign of L&R
(2019091100730002)
XXXXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXXX XXX XXX XXX
09/12/2019 - R
09/10/2019 - D
Easement
(2019091100730005)
XX XXXX XX XXX XXX XXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 228 Park Ave S, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$6,004,706
Municipal exemptions
Recent tax assessments
Market value
$169,070,000
Assessed value
$76,081,500

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $162,346,000 $73,055,700 $73,055,700 10.848% $7,925,082 $6,059,407 -0.85%
2024/25 $171,111,100 $77,000,000 $77,000,000 10.762% $8,286,740 $6,111,414 +2.81%
2023/24 $170,222,200 $76,600,000 $76,600,000 10.592% $8,113,472 $5,944,253 -36.74%
2022/23 $196,147,000 $88,266,150 $88,266,150 10.646% $9,396,814 $9,396,814 +17.62%
2021/22 $165,076,000 $74,284,200 $74,284,200 10.755% $7,989,266 $7,989,266 +19.90%
2020/21 $156,864,000 $70,588,800 $62,307,160 10.694% $6,663,128 $6,663,128 +5.65%
2019/20 $152,517,000 $68,632,650 $59,854,047 10.537% $6,306,821 $6,306,821 +4.30%
2018/19 $145,119,000 $65,303,550 $57,512,037 10.514% $6,046,816 $6,046,816 +4.93%
2017/18 $130,486,000 $58,718,700 $54,811,268 10.514% $5,762,857 $5,762,857 +2.72%
2016/17 $134,890,000 $60,700,500 $53,058,934 10.574% $5,610,452 $5,610,452 +8.10%

Permit information for 228 Park Ave S, New York, NY

Filing date Job type Job status Job description Initial cost
07/07/2026 Alteration
06/30/2026 Alteration
06/05/2026 Alteration
03/27/2026 Alteration
01/28/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
08/21/2020 E-elevator elevatorrequired
08/21/2020 E-elevator elevatorrequired
08/21/2020 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Broadway & 16th St at NE Corner
Station lines
L-N-Q-R-4-5-6
Distance (miles)
0.12

Access the detailed traffic volume map for 228 Park Ave S, New York, NY 10003 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 228 Park Ave S, New York, NY 10003?

The development at 228 Park Ave S, New York, NY 10003 was built in 1900.

What is the market value of 228 Park Ave S, New York, NY 10003?

The current market value of 228 Park Ave S, New York, NY 10003 is $169,070,000.

What is the total square footage of 228 Park Ave S, New York, NY 10003?

228 Park Ave S, New York, NY 10003 has a total of 350,000 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 20.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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