New York City » 10018 » 7th Ave » 561 7th Ave

561 7th Avenue, New York, NY 10018 - Property report

Also known as: 149-151 W 40th St

Property image for 561 7th Avenue, New York, NY 10018

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1925

Lot sq. ft.

3,555

Sale price

$2,542,105 - M

General information

Address

Primary address

561 7th Avenue

Alternate address(es)

149-151 W 40th St
561 Adam Clayton Powell JR Blvd
561-565 7th Ave

Show all

ZIP code

10018

Neighborhood

Theatre District - Times Square

Borough

Manhattan

Block & lot

00993-0001

Building

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Building sq. ft.

71,741

Building dimensions

59 ft x 60 ft

Buildings on lot

Stories

Year built

1925

Last altered

1989

Building material

Sales

Sale date

11/21/2007

Sale price

$2,542,105 - M

Tax

Tax year

2026-2027

Property tax

$1,005,688

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

59.25 ft x 60 ft

Lot sq. ft.

3,555

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

89 /100. Very Bikeable

School district

Community district

Closest police station

0.36 Miles

Closest fire station

0.17 Miles

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

Ownership

Ownership information for 561 7th Avenue, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 561 7th Avenue, New York, NY 10018

Sale date	Sale price	Buyer name	Seller name
11/21/2007	$2,542,105	XXXXXX XXXXXXXXXXXX (XX XXX)	XXXXXX XXXX XXXXXXXX XXX
12/13/2002	$7,113,521	XXXXXXX, XXXX X	XXXXXX XXXXXXX XXXXXXXXXXX (XX XXX)

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/19/2024 - R	UCC3 Assignment (2024091900727002)	XXX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
09/19/2024 - R	UCC3 Assignment (2024091900727001)	XXX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
09/19/2024 - R 12/14/2023 - D	Asgn of Asgn of L&R (2024091900718004)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXX XXX XXXX XXXXXXX XXX
09/19/2024 - R 12/14/2023 - D	Assignment, Mortgage (2024091900718002)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXX XXX XXXX XXXXXXX XXX
09/19/2024 - R 03/12/2023 - D	Asgn of Asgn of L&R (2024091900718003)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXXX XXXXXX XXXX X X
09/19/2024 - R 03/12/2023 - D	Assignment, Mortgage (2024091900718001)	XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX	XXXXXXXXX XXXXXX XXXX X X
06/30/2022 - R	Initial UCC1 (2022062400698001)	XXX XXXX XXXXXXXXXX XXX	XXXXXXXXX XXXX
07/08/2022 - R 06/22/2022 - D	Assignment of Leases and Rents (2022062900442004)	XXX XXXX XXXXXXXXXX XXX	XXXXXXXXX XXXX
07/08/2022 - R 06/22/2022 - D	Agreement (2022062900442003)	XXX XXXX XXXXXXXXXX XXX	XXXXXXXXX XXXX
07/08/2022 - R 06/22/2022 - D	Mortgage (2022062900442002)	XXX XXXX XXXXXXXXXX XXX	XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 561 7th 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

Property tax

$1,005,688

Municipal exemptions

Recent tax assessments

Market value

$22,043,000

Assessed value

$9,919,350

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	$21,730,000	$9,778,500	$8,618,490	10.848%	$934,934	$934,934	+1.26%
2024/25	$21,337,000	$9,601,650	$8,578,980	10.762%	$923,270	$923,270	+3.03%
2023/24	$20,119,000	$9,053,550	$8,460,650	10.592%	$896,152	$896,152	+5.21%
2022/23	$17,779,000	$8,000,550	$8,000,550	10.646%	$851,739	$851,739	+18.94%
2021/22	$14,796,000	$6,658,200	$6,658,200	10.755%	$716,089	$716,089	-23.29%
2020/21	$21,291,000	$9,580,950	$8,729,750	10.694%	$933,559	$933,559	+5.93%
2019/20	$21,092,000	$9,491,400	$8,363,610	10.537%	$881,274	$881,274	+6.23%
2018/19	$19,718,000	$8,873,100	$7,890,030	10.514%	$829,558	$829,558	+6.13%
2017/18	$18,941,000	$8,523,450	$7,434,090	10.514%	$781,620	$781,620	+6.38%
2016/17	$17,025,000	$7,661,250	$6,948,450	10.574%	$734,729	$734,729	+4.38%

Permits

Permit information for 561 7th Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
07/17/2026	Alteration
06/03/2026	Alteration
12/25/2025	Alteration
11/09/2025	Alteration
10/31/2025	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
	06/30/2023	Lblvio-low pressure boiler boiler required
	06/30/2023	Lblvio-low pressure boiler boiler required
	12/01/2022	Egrade-failure to post energy grade/score none

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

7th Ave & 40th St at SE Corner

Station lines

A-C-E-N-Q-R-S-1-2-3-7

Distance (miles)

0.022

View subway map

Access the detailed traffic volume map for 561 7th Avenue, New York, NY 10018 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

Nearby ZIP codes for 561 7th Avenue, New York, NY

10001, New York City, NY 10011, New York City, NY 10016, New York City, NY 10019, New York City, NY 10020, New York City, NY 10036, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, 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 561 7th Avenue, New York, NY 10018?

The development at 561 7th Avenue, New York, NY 10018 was built in 1925.

What is the market value of 561 7th Avenue, New York, NY 10018?

The current market value of 561 7th Avenue, New York, NY 10018 is $22,043,000.

What is the total square footage of 561 7th Avenue, New York, NY 10018?

561 7th Avenue, New York, NY 10018 has a total of 71,741 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 26.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.