New York City » 10036 » W 48th St » 235 W 48th St

The Ritz Plaza - 235 West 48th Street, New York, NY 10036 - Property report

Also known as: 227-247 W 48th St

Property image for The Ritz Plaza - 235 West 48th Street, New York, NY 10036

Property type

Elevator Apartment - Luxury Type (D8)

Year built

1989

Lot sq. ft.

24,100

General information

Address

Building name

The Ritz Plaza

Primary address

The Ritz Plaza - 235 West 48th Street

Alternate address(es)

227-247 W 48th St
235-249 W 48th St

ZIP code

10036

Neighborhood

Theatre District - Times Square

Borough

Manhattan

Block & lot

01020-0005

Building

Property type

Elevator Apartment - Luxury Type (D8)

Building sq. ft.

475,327

Building dimensions

200 ft x 100 ft

Buildings on lot

Stories

Year built

1989

Building material

Sales

Sale date

05/01/2019

Sale price

$223,200,000

Tax

Tax year

2026-2027

Property tax

$9,170,880

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

477

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

240 ft x 100.42 ft

Lot sq. ft.

24,100

Area overview

Walk score

97 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

93 /100. Biker's Paradise

School district

Community district

Closest police station

0.24 Miles

Closest fire station

0.01 Miles

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

Building Description

Completed in Manhattan's Theatre District in 1989, 227 West 48th Street is a 42-story residential tower known as The Ritz Plaza. Totaling 475,327 square feet, The Ritz Plaza features 477 apartments and six commercial units. The property frames river and city views, and boasts a fitness center, heated indoor pool, roof deck, and an interactive member's lounge. Additional services include 24-hour doorman and concierge service, and the attached garage is also attended 24/7.

227 West 48th Street is part of School District 2, zoned for P.S. 111 Adolph S. Ochs. Other public schools within a mile include P.S. 212 Midtown West and the Professional Performing Arts High School. Private options include the British International School of New York, De la Salle Academy, and Birch Wathen Lenox School. The property is just a few steps from the 8th Avenue and 49th Street station, which offers access to the C and E trains. The 1, N, R, W, B, D, F, and M trains can be boarded within a third mile of The Ritz Plaza.

Ownership

Ownership information for The Ritz Plaza - 235 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 The Ritz Plaza - 235 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
01/27/2025 - R	UCC3 Assignment (2025012700157003)	XX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXX XXX
01/27/2025 - R 01/09/2025 - D	Asgn of Asgn of L&R (2025012700157002)	XXXXXXX XXXXXXXX XXXXXXX XXX	XX XXX X XXXXXX XX
01/27/2025 - R 01/09/2025 - D	Assignment, Mortgage (2025012700157001)	XXXXXXX XXXXXXXX XXXXXXX XXX	XX XXX X XXXXXX XX
12/16/2024 - R	UCC3 Termination (2024121100435007)	XX XXXX XXXXXXXXXX XXX	XXXXXXXX XXXX XX XXX XXXX XXXXXX
12/16/2024 - R	Initial UCC1 (2024121100435006)	XX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2024 - R 12/10/2024 - D	Assignment of Leases and Rents (2024121100435005)	XX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2024 - R 12/10/2024 - D	Agreement (2024121100435004)	XX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2024 - R 12/10/2024 - D	Mortgage (2024121100435003)	XX XXXX XXXXXXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2024 - R 12/10/2024 - D	Assignment, Mortgage (2024121100435002)	XXXXXXXX XXXX XX X XXX XXXX XXXXXX	XXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2024 - R 12/10/2024 - D	Termination of Assign of L&R (2024121100435001)	XXXXXXXX XXXX XX X XXX XXXX XXXXXX	XX XXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for The Ritz Plaza - 235 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

$9,170,880

Municipal exemptions

Recent tax assessments

Market value

$181,291,000

Assessed value

$81,580,950

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	$168,978,000	$76,040,100	$70,230,420	12.439%	$8,735,962	$8,735,962	+1.78%
2024/25	$158,103,000	$71,146,350	$68,662,400	12.5%	$8,582,800	$8,582,800	+0.10%
2023/24	$156,872,000	$70,592,400	$68,583,200	12.502%	$8,574,272	$8,574,272	+2.36%
2022/23	$153,943,000	$69,274,350	$68,284,130	12.267%	$8,376,414	$8,376,414	+6.81%
2021/22	$142,442,000	$64,098,900	$64,098,900	12.235%	$7,842,500	$7,842,500	-7.31%
2020/21	$158,780,000	$71,451,000	$68,975,730	12.267%	$8,461,253	$8,461,253	-0.52%
2019/20	$157,223,000	$70,750,350	$68,193,540	12.473%	$8,505,780	$8,505,780	+2.68%
2018/19	$153,549,000	$69,097,050	$65,684,700	12.612%	$8,284,154	$8,284,154	+3.11%
2017/18	$150,472,000	$67,712,400	$63,165,240	12.719%	$8,033,987	$8,033,987	+3.09%
2016/17	$146,373,000	$65,867,850	$60,447,510	12.892%	$7,792,893	$7,792,893	+5.19%

Permits

Permit information for The Ritz Plaza - 235 West 48th Street, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
08/18/2026	Alteration
08/05/2026	Alteration
07/24/2026	Alteration
07/23/2026	Alteration
07/23/2026	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
	06/20/2023	Lblvio-low pressure boiler boiler required
	06/20/2023	Lblvio-low pressure boiler boiler required
	11/10/2021	Aeuhaz1-fail to certify class 1

*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

8th Ave & 49th St at SW Corner

Station lines

C-E

Distance (miles)

0.067

View subway map

Access the detailed traffic volume map for The Ritz Plaza - 235 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

Nearby ZIP codes for The Ritz Plaza - 235 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 The Ritz Plaza - 235 West 48th Street, New York, NY 10036?

The development at The Ritz Plaza - 235 West 48th Street, New York, NY 10036 was built in 1989.

What is the total square footage of The Ritz Plaza - 235 West 48th Street, New York, NY 10036?

The Ritz Plaza - 235 West 48th Street, New York, NY 10036 has a total of 475,327 square feet.

What is the assessed value of The Ritz Plaza - 235 West 48th Street, New York, NY 10036?

The Ritz Plaza - 235 West 48th Street, New York, NY 10036 is currently assessed at $81,580,950.

What are the property taxes for The Ritz Plaza - 235 West 48th Street, New York, NY 10036?

The property taxes for The Ritz Plaza - 235 West 48th Street, New York, NY 10036 total $9,170,880.

How many residential units does this building have?

This building has 477 residential unit(s).

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.