| Building name | Postum Building |
| Primary address | Postum Building - 250 Park Avenue |
| Secondary address | 59 E 46th St |
| Neighborhood | Central Midtown |
| Zip code | 10177 |
| Borough | Manhattan |
| Block & lot | 01282-0034 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 08/15/2024 |
| Purchase price | $320,152,500 |
| Tax class | Register |
| Estimated property tax | $7,996,988 |
| Lot sq. ft. | 24,970 |
| Lot dimensions | |
| Property type | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 519,783 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 20 |
| Year built | 1924 |
| Year last altered | 2017 |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.26 Miles |
| Closest fire station | 0.29 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
The Postum Building dates back to 1925 and was designed by architects Cross & Cross. It was named Postum after the Post Breakfast Cereal Company who leased it upon completion. It is one of the last office buildings from that era still standing on illustrious Park Avenue. It was designed in the Neoclassical style and occupies 49,949 square feet in Central Midtown Manhattan. The Postum Building is a commercial and retail building and has 434,628 square feet of commercial space and 10,000 feet of retail space.
The Postum Building is conveniently located a mere 1100 feet from the nearest subway station with easy access to the 4-5-6-6 line at the 51 East 42 St station. There is a Starbucks a block away from 250 Park Avenue for a quick coffee break during the work day, as well as the famous Cipriani restaurant. For some after work shopping, JCrew, Clarks shoes, and JoS A Bank are all within easy walking distance, surrounding 250 Park Avenue on the adjacent blocks.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at Postum Building - 250 Park Avenue, New York, NY 10177 has a total of 519,783 square feet and a current price per square foot of $615.
What is the year built & the current market value of Postum Building - 250 Park Avenue, New York, NY 10177?Postum Building - 250 Park Avenue, New York, NY 10177 was built in 1924 and has a current tax assessor's market value of $168,251,000.
How many commercial spaces does this building have?This building has 35 commercial spaces available for lease.
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 250 Park Avenue, 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 Postum Building - Postum Building - 250 Park Avenue, New York, NY 10177. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $8,213,341 |
| Estimated property tax: | $7,996,988 |
| Tax assessor's market value: | $168,251,000 |
| Assessed value: | $75,712,950 |
Here's the assessment & property tax history for 250 Park Avenue, 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 | $168,251,000 | $75,712,950 | $75,712,950 | 10.848% | $8,213,341 | $8,213,341 | -1.59% |
| 2024/25 | $172,328,900 | $77,548,000 | $77,548,000 | 10.762% | $8,345,716 | $8,345,716 | -1.87% |
| 2023/24 | $178,426,000 | $80,291,700 | $80,291,700 | 10.592% | $8,504,497 | $8,504,497 | +1.49% |
| 2022/23 | $174,911,100 | $78,709,995 | $78,710,000 | 10.646% | $8,379,467 | $8,379,467 | +10.83% |
| 2021/22 | $156,218,000 | $70,298,100 | $70,298,100 | 10.755% | $7,560,561 | $7,560,561 | -19.90% |
The complete history of permits filed for 250 Park Avenue, 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) |
|
Distance to Subway
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Closest station | Lexington Ave & 50th St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | E-M-6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.211 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bus Routes
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Madison Av/E 46 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.066 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Postum Building - Postum Building - 250 Park Avenue, New York, NY 10177.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 14 E 47th St, New York | 29,000 | 08/26/1996 | |
| 9 E 47th St, New York | 8,459 | 07/31/2011 | |
| 4 E 46th St, New York | 14,835 | 09/30/2013 | $16,812,000 |
| 45 E 45th St, New York | 598,248 | 10/02/2020 | |
| 581 5th Ave, New York | 17,050 | 03/13/2002 | |
| 16 E 46th St, New York | 31,512 | 12/10/2007 | $9,250,000 |
| 579 5th Ave, New York | 130,715 | 08/11/1988 | |
| 7 E 47th St, New York | 12,000 | 03/05/1996 | |
| 10 E 46th St, New York | 11,738 | 07/28/1966 | |
| 12 E 46th St, New York | 37,265 | 01/18/2006 | $13,500,000 |
| 390 Madison Ave, New York | 821,165 | 01/06/2006 | $15,792,259 |
| 555 5th Ave, New York | 206,378 | 10/21/2021 | |
| 15 E 47th St, New York | 12,600 | 06/26/1975 | |
| 383 Madison Ave, New York | 1,174,988 | 10/02/2020 | |
| 5 E 47th St, New York | 14,025 | 10/23/2025 | $9,400,000 |
| 366 Madison Ave, New York | 84,518 | 10/21/2025 | $50,000,000 |
| 585 5th Ave, New York | 10,553 | 04/15/2015 | |
| 11 E 47th St, New York | 12,660 | 07/31/2011 | |
| 20 E 46th St, New York | 87,016 | 04/22/1999 |
