New York City » 10036 » W 48th St » 159 W 48th St

159 West 48th Street, New York, NY 10036 - Property report

Also known as: 153 W 48th St

Property image for 159 West 48th Street, New York, NY 10036

Property type

Luxury Hotel (H1)

Year built

2018

Lot sq. ft.

13,153

General information

Address

Primary address

159 West 48th Street

Alternate address(es)

153 W 48th St
153-161 W 48th St

ZIP code

10036

Neighborhood

Theatre District - Times Square

Borough

Manhattan

Block & lot

01001-0006

Building

Property type

Luxury Hotel (H1)

Building sq. ft.

277,509

Buildings on lot

Stories

Year built

2018

Building material

Tax

Tax year

2026-2027

Property tax

$4,733,941

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

135 ft x 105 ft

Lot sq. ft.

13,153

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

92 /100. Biker's Paradise

School district

Community district

Closest police station

0.33 Miles

Closest fire station

0.17 Miles

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

Ownership

Ownership information for 159 West 48th Street, 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 159 West 48th Street, New York, NY 10036

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
04/26/2022 - R	UCC3 Termination (2022030700482003)	XXX XXXXXX XXX	XXXX XX XXXXXXX X X
04/26/2022 - R	UCC3 Termination (2022030700482002)	XXX XXXXXX XXX	XXXX XX XXXXXXX X X
04/26/2022 - R	UCC3 Termination (2022030700482001)	XXX XXXXXX XXX	XXXX XX XXXXXXX X X
03/08/2022 - R 03/01/2022 - D	Agreement (2022030200935006)	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX	XX XXXXX XXX XXX
03/08/2022 - R 03/01/2022 - D	Agreement (2022030200935005)	XXX XXXXXX XXX	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX
03/08/2022 - R 03/01/2022 - D	Mortgage (2022030200935004)	XXX XXXXXX XXX	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX
03/08/2022 - R 03/01/2022 - D	Assignment, Mortgage (2022030200935003)	XXXX XX XXXXXXX X X	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX
03/08/2022 - R 03/01/2022 - D	Assignment, Mortgage (2022030200935002)	XXXX XX XXXXXXX X X	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX
03/08/2022 - R 03/01/2022 - D	Assignment, Mortgage (2022030200935001)	XXXX XX XXXXXXX X X	XXXXXXXXXX XXXX XXXXXXXX XXXXXXX XXX
01/31/2020 - R	Initial UCC1 (2020013000931003)	XXX XXXXXX XXX	XXXX XX XXXXXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 159 West 48th Street, 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

$4,733,941

Municipal exemptions

Recent tax assessments

Market value

$112,439,000

Assessed value

$50,597,550

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	$101,297,000	$45,583,650	$41,558,670	10.848%	$4,508,285	$4,508,285	+3.48%
2024/25	$92,488,000	$41,619,600	$40,481,280	10.762%	$4,356,595	$4,356,595	+2.38%
2023/24	$89,326,000	$40,196,700	$40,174,830	10.592%	$4,255,318	$4,255,318	+69.49%
2022/23	$52,765,000	$23,744,250	$23,582,970	10.646%	$2,510,643	$2,510,643	+21.85%
2021/22	$43,242,000	$19,458,900	$19,158,210	10.755%	$2,060,465	$2,060,465	+166.31%
2020/21	$17,056,000	$7,675,200	$7,235,100	10.694%	$773,722	$773,722	+202.90%
2019/20	$6,216,000	$2,797,200	$2,424,240	10.537%	$255,442	$255,442	-45.66%
2018/19	$10,594,000	$4,767,300	$4,471,020	10.514%	$470,083	$470,083	+3.58%
2017/18	$10,451,000	$4,702,950	$4,316,490	10.514%	$453,836	$453,836	+3.65%
2016/17	$10,062,000	$4,527,900	$4,140,900	10.574%	$437,859	$437,859	-4.94%

Permits

Permit information for 159 West 48th Street, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
04/27/2026	Alteration
04/03/2024	Alteration
02/22/2024	No work
11/16/2023	Alteration
09/11/2023	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
	05/11/2022	Aeuhaz1-fail to certify class 1 none
	02/02/2021	Bench-failure to benchmark none
	11/02/2020	Bench-failure to benchmark 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 & 49th St at SE Corner

Station lines

N-Q-R

Distance (miles)

0.044

View subway map

Access the detailed traffic volume map for 159 West 48th Street, New York, NY 10036 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 159 West 48th Street, New York, NY

745 7th Ave, New York 727 7th Ave, New York 150 W 49th St, New York 142 W 49th St, New York 152 W 49th St, New York 729 7th Ave, New York 719 7th Ave, New York 163 W 48th St, New York 725 7th Ave, New York 721 7th Ave, New York 1221 Avenue of the Americas, New York 167 W 48th St, New York 148 W 49th St, New York 711 7th Ave, New York 717 7th Ave, New York

Nearby ZIP codes for 159 West 48th Street, New York, NY

10001, New York City, NY 10018, New York City, NY 10019, 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 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 159 West 48th Street, New York, NY 10036?

The development at 159 West 48th Street, New York, NY 10036 was built in 2018.

What is the market value of 159 West 48th Street, New York, NY 10036?

The current market value of 159 West 48th Street, New York, NY 10036 is $112,439,000.

What is the total square footage of 159 West 48th Street, New York, NY 10036?

159 West 48th Street, New York, NY 10036 has a total of 277,509 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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.