New York City » 10019 » W 51st St » 245 W 51st St

245 West 51st Street, New York, NY 10019 - Property report

Also known as: 241-249 W 51st St

Property image for 245 West 51st Street, New York, NY 10019

Property type

Elevator Apartment - Semi-Fireproof with Stores (D7)

Year built

1912

Lot sq. ft.

8,284

Sale price

$16,300,000

General information

Address

Primary address

245 West 51st Street

Alternate address(es)

241-249 W 51st St
245-249 W 51st St

ZIP code

10019

Neighborhood

Theatre District - Times Square

Borough

Manhattan

Block & lot

01023-0006

Building

Property type

Elevator Apartment - Semi-Fireproof with Stores (D7)

Building sq. ft.

48,368

Building dimensions

83 ft x 84 ft

Buildings on lot

Stories

Year built

1912

Last altered

1998

Building material

Sales

Sale date

11/09/2004

Sale price

$16,300,000

Tax

Tax year

2026-2027

Property tax

$949,190

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

82.5 ft x 100.42 ft

Lot sq. ft.

8,284

Area overview

Walk score

98 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.11 Miles

Closest fire station

0.16 Miles

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

Ownership

Ownership information for 245 West 51st 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 245 West 51st Street, New York, NY 10019

Sale date	Sale price	Buyer name	Seller name
11/09/2004	$16,300,000	XXX XXXX XXXX XXXXXX XXXXXX XXX	XXXXXXXX XXXXXX X.X.X XXX XXXXX, XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/30/2023 - R	UCC3 Assignment (2023112900908003)	XXX XXXX XXXX XXXXXX XXXXXXXX XXX	XXXX XX XXXXXXXX
11/30/2023 - R 08/31/2023 - D	Asgn of Asgn of L&R (2023112900908002)	XXXX XX XXXXXXXX	XXXXXXXXXXXXX XXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX
11/30/2023 - R 08/31/2023 - D	Assignment, Mortgage (2023112900908001)	XXXX XX XXXXXXXX	XXXXXXXXXXXXX XXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX
06/21/2023 - R	Initial UCC1 (2023061400008013)	XXX XXXX XXXX XXXXXX XXXXXXXX XXX	XXXX XX XXXXXXXX
06/21/2023 - R 06/01/2023 - D	Assignment of Leases and Rents (2023061400008012)	XXX XXXX XXXX XXXXXX XXXXXXXX XXX	XXXX XX XXXXXXXX
06/21/2023 - R 06/01/2023 - D	Agreement (2023061400008011)	XXX XXXX XXXX XXXXXX XXXXXXXX XXX	XXXX XX XXXXXXXX
06/21/2023 - R 06/01/2023 - D	Certificate of Reduction (2023061400008010)	XXX XXXX XXXX XXXXXX XXXXXXXX XXX	XXXX XX XXXXXXXX
06/21/2023 - R 06/01/2023 - D	Assignment, Mortgage (2023061400008009)	XXXXXX XXXXXXX XXXXXXX XXX	XXXX XX XXXXXXXX
06/21/2023 - R 06/01/2023 - D	Termination of Assign of L&R (2023061400008004)	XXXXXX XXXXXXX XXXXXXX XXX	XXX XXXX XXXX XXXXXX XXXXXXXX XXX
12/08/2022 - R	UCC3 Termination (2022120600234003)	XXX XXXX XXXX XXXXXX XXXXXX XXX	XXXXXXX XXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 245 West 51st 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

$949,190

Municipal exemptions

Recent tax assessments

Market value

$18,411,000

Assessed value

$8,284,950

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	$17,348,000	$7,806,600	$7,373,540	12.439%	$917,195	$917,195	-0.79%
2024/25	$17,305,000	$7,787,250	$7,395,860	12.5%	$924,483	$924,483	-2.07%
2023/24	$17,012,000	$7,655,400	$7,551,270	12.502%	$944,060	$944,060	+4.04%
2022/23	$16,704,000	$7,516,800	$7,397,190	12.267%	$907,413	$907,413	+5.97%
2021/22	$15,553,000	$6,998,850	$6,998,850	12.235%	$856,309	$856,309	-2.45%
2020/21	$17,596,000	$7,918,200	$7,155,910	12.267%	$877,815	$877,815	+8.33%
2019/20	$17,038,000	$7,667,100	$6,496,750	12.473%	$810,340	$810,340	+8.19%
2018/19	$16,877,000	$7,594,650	$5,938,740	12.612%	$748,994	$748,994	+13.48%
2017/18	$15,035,000	$6,765,750	$5,189,220	12.719%	$660,017	$660,017	+11.44%
2016/17	$15,165,000	$6,824,250	$4,593,870	12.892%	$592,242	$592,242	+16.72%

Permits

Permit information for 245 West 51st Street, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
02/12/2025	Alteration
12/12/2024	Alteration
11/05/2024	Alteration
03/30/2023	Alteration
08/22/2022	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
	05/07/2025	Fispfcs-failure to correct swarmp conditions (facade) facade required
	08/03/2022	Bench-failure to benchmark none
	06/01/2022	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

8th Ave & 51st St at NE Corner

Station lines

C-E

Distance (miles)

0.031

View subway map

Access the detailed traffic volume map for 245 West 51st Street, New York, NY 10019 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 245 West 51st Street, New York, NY

10001, New York City, NY 10018, New York City, NY 10020, New York City, NY 10023, New York City, NY 10036, New York City, NY 10069, 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 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 245 West 51st Street, New York, NY 10019?

The development at 245 West 51st Street, New York, NY 10019 was built in 1912.

What is the market value of 245 West 51st Street, New York, NY 10019?

The current market value of 245 West 51st Street, New York, NY 10019 is $18,411,000.

What is the total square footage of 245 West 51st Street, New York, NY 10019?

245 West 51st Street, New York, NY 10019 has a total of 48,368 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.