| Building name | The Ritz Plaza |
| Primary address | The Ritz Plaza - 235 West 48th Street |
| Secondary address | 227-247 W 48th St |
| Neighborhood | Theatre District - Times Square |
| Zip code | 10036 |
| Borough | Manhattan |
| Block & lot | 01020-0005 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 05/01/2019 |
| Purchase price | $223,200,000 |
| Tax class | Register |
| Estimated property tax | $9,170,880 |
| Lot sq. ft. | 24,100 |
| Lot dimensions | |
| Property type | Elevator Apartment - Luxury Type (D8)
|
| Building sqft | 475,327 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 42 |
| Year built | 1989 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.24 Miles |
| Closest fire station | 0.01 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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.
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You will find all alternate addresses for the property in this section.
The Ritz Plaza - 235 West 48th Street, New York, NY 10036 was built in 1989 and 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 and the property tax paid?Assessed at $76,040,100, the tax amount paid for The Ritz Plaza - 235 West 48th Street, New York, NY 10036 is $8,735,961. For the next year, the tax amount for The Ritz Plaza - 235 West 48th Street, New York, NY 10036 is estimated at $9,170,880.
When was The Ritz Plaza - 235 West 48th Street, New York, NY 10036 last sold and what was the last sale price?The Ritz Plaza - 235 West 48th Street, New York, NY 10036 was last sold in 05/01/2019 for $223,200,000.
How many residential units does this building have?This building has 477 residential unit(s) and 6 commercial spaces.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 235 West 48th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for The Ritz Plaza - The Ritz Plaza - 235 West 48th Street, New York, NY 10036. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $8,735,962 |
| Estimated property tax: | $9,170,880 |
| Tax assessor's market value: | $168,978,000 |
| Assessed value: | $76,040,100 |
Here's the assessment & property tax history for 235 West 48th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year 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% |
The complete history of permits filed for 235 West 48th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | 8th Ave & 49th St at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | C-E | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.067 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 8 Av/W 49 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for The Ritz Plaza - The Ritz Plaza - 235 West 48th Street, New York, NY 10036.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 219 W 48th St, New York | 7,200 | 12/27/2012 | $115,057,065 |
| 248 W 48th St, New York | 11,218 | ||
| 244 W 48th St, New York | 4,466 | 04/14/1980 | |
| 230 W 49th St, New York | 38,158 | 12/27/2012 | $115,057,065 |
| 242 W 49th St, New York | 21,273 | 12/31/2008 | $1,390,838 |
| 243 W 47th St, New York | 23,600 | ||
| 250 W 49th St, New York | 134,477 | 01/13/2025 | $30,000,000 |
| 234 W 48th St, New York | 117,102 | 03/09/2006 | $14,000,000 |
| 246 W 48th St, New York | 5,753 | 06/20/1996 | |
| 253 W 47th St, New York | 15,587 | 08/27/2007 | |
| 740 7th Ave, New York | 4,080 | 08/12/1983 | |
| 1604 Broadway, New York | 28,202 | 11/01/2005 | |
| 220 W 49th St, New York | 28,117 | 08/07/2009 | $2,288,535 |
| 734 7th Ave, New York | 4,830 | 04/09/1984 | |
| 1605 Broadway, New York | 843,131 | 07/23/2024 | $53,285,772 |
| 224 W 49th St, New York | 96,000 | 02/28/2014 | $25,155,189 |
| 1585 Broadway, New York | 1,346,418 | ||
| 230 W 48th St, New York | 10,568 | 01/08/2010 | $925,000 |
| 220 W 48th St, New York | 30,080 | ||
| 2 Times Sq, New York | 233,561 |
