New York City  »  10016  »  1st Ave  »  540 1st Ave

Nyu Medical Center - 540 1st Avenue, New York, NY 10016 - Property report

Also known as: 540 1st Ave

Property image for Nyu Medical Center - 540 1st Avenue, New York, NY 10016
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Property type

Health Center, Child Center, Clinic (I5)

Year built

1963

Lot sq. ft.

58,156

General information

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Address
Building name
Nyu Medical Center
Primary address
Nyu Medical Center - 540 1st Avenue
Alternate address(es)
540-548 1st Ave
540-560 1st Ave
ZIP code
10016
Neighborhood
Kips Bay
Borough
Manhattan
Block & lot
00962-0108

Owner

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Building
Property type
Health Center, Child Center, Clinic (I5)
Building sq. ft.
413,850
Buildings on lot
1
Stories
24
Year built
1963
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Commercial units
1
Office sq. ft.
Lot
Lot dimensions
291.96 ft x 254 ft
Lot sq. ft.
58,156

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.99 Miles
Closest fire station
0.21 Miles

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

Ownership

Ownership information for Nyu Medical Center - 540 1st Avenue, New York, NY

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

Sales history for Nyu Medical Center - 540 1st Avenue, New York, NY 10016

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
08/18/2025 - R
07/28/2025 - D		 Declaration
(2025081500401002)		 XXX XXXXXXXXX XXX XXX XXXX XXXXXXXXXX
08/18/2025 - R
07/28/2025 - D		 Declaration
(2025081500401001)		 XXX XXXXXXX XXXXXXXXX XXX XXXX XXXXXXXXXX
09/23/2014 - R
08/29/2014 - D		 Easement
(2014092200228001)		 XXX XXXX XXXXXXXXXX XXX XXXX XX XXX XXXX
03/18/2013 - R
01/23/2013 - D		 Easement
(2013030600669001)		 XXX XXXX XXXXXXXXXX XXX XXXX XX XXX XXXX
12/15/2011 - R
08/16/2011 - D		 Agreement
(2011091901075001)		 XXX XXXXXXXXXX XX XXXXXXXXXXXXX XXX XXXXXXXXX XXXXXX
07/15/2011 - R
04/11/2011 - D		 Easement
(2011070600185001)		 XXXXXXXX XXXXXXXX XXXXXXXXX XXXX XXX XXXX XXXXXXXXXX
09/19/2011 - R
03/15/2011 - D		 Sundry Miscellaneous
(2011083001263001)		 XXX XXXX XXXXXXXXX XXXXXXX XXX XXXX XXXXXXXXXX
03/08/2011 - R
02/24/2011 - D		 Sundry Agreement
(2011030100673001)		 XXX XXXXXXXXX XXXXXX
12/10/2010 - R
10/28/2010 - D		 Certificate
(2010102801194001)		 XXXXXXXXXXXX XXXX XXXXX XXXXXXXXX
01/06/2011 - R
10/27/2010 - D		 Subordination of Mortgage
(2011010400600001)		 XXX XXXX XX XXX XXXX XXXXXX XX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Nyu Medical Center - 540 1st Avenue, 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
Municipal exemptions
Recent tax assessments
Market value
$137,721,000
Assessed value
$61,974,450

More about New York City Property Taxes

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 $134,405,000 $60,482,250 $0 10.848% $6,561,114 $0 n/a
2024/25 $132,436,000 $59,596,200 $0 10.762% $6,151,180 $0 n/a
2023/24 $129,765,000 $58,394,250 $0 10.592% $6,070,811 $0 n/a
2022/23 $122,353,000 $55,058,850 $2,752,942 10.646% $5,861,565 $293,078 -1.68%
2021/22 $112,240,000 $50,508,000 $2,771,475 10.755% $5,432,135 $298,072 -9.13%
2020/21 $138,278,000 $62,225,100 $3,067,257 10.694% $6,143,084 $328,012 +6.46%
2019/20 $134,198,000 $60,389,100 $2,924,082 10.537% $5,777,985 $308,111 +6.02%
2018/19 $128,950,000 $58,027,500 $2,764,115 10.514% $5,458,860 $290,619 +6.61%
2017/18 $121,445,000 $54,650,250 $2,592,825 10.514% $5,130,650 $272,610 +5.43%
2016/17 $115,398,000 $51,929,100 $2,445,392 10.574% $4,875,820 $258,576 +3.83%
Permits

Permit information for Nyu Medical Center - 540 1st Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
04/30/2026 Alteration
04/30/2026 Alteration
03/27/2026 Alteration
03/20/2026 Alteration
03/09/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
07/21/2021 E-elevator
07/21/2021 E-elevator
09/06/2019 Acc1-(other BLDGS types) - elevator affirmation of correction

*Most recent DOB violations on record for this property.

Neighborhood

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

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
0.2,AE,X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Park Ave & 32nd St at SE Corner
Station lines
6
Distance (miles)
0.488
View subway map

Access the detailed traffic volume map for Nyu Medical Center - 540 1st Avenue, New York, NY 10016 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

Neighbors for Nyu Medical Center - 540 1st Avenue, New York, NY

400 1st Ave, New York 392 Asser Levy Pl, New York 630 1st Ave, New York 325 E 38th St, New York 401 E 34th St, New York 415 E 37th St, New York 320 E 39th St, New York 660 1st Ave, New York 417 E 37th St, New York 322 E 39th St, New York 433 E 30th St, New York 720 2nd Ave, New York 419 E 36th St, New York 462 1st Ave, New York 300 E 40th St, New York 311 E 38th St, New York 300 E 39th St, New York 650 1st Ave, New York 410 E 38th St, New York 520 1st Ave, New York

Nearby ZIP codes for Nyu Medical Center - 540 1st Avenue, New York, NY

10010, New York City, NY 10017, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Nyu Medical Center - 540 1st Avenue, New York, NY 10016?

The development at Nyu Medical Center - 540 1st Avenue, New York, NY 10016 was built in 1963.

What is the total square footage of Nyu Medical Center - 540 1st Avenue, New York, NY 10016?

Nyu Medical Center - 540 1st Avenue, New York, NY 10016 has a total of 413,850 square feet.

What is the assessed value of Nyu Medical Center - 540 1st Avenue, New York, NY 10016?

Nyu Medical Center - 540 1st Avenue, New York, NY 10016 is currently assessed at $61,974,450.

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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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