Manhattan  »  10017  »  Park Ave  »  280 Park Ave

Bankers Trust Building - 280 Park Avenue, New York, NY 10017 - Property report

Also known as: 47-51 E 48th St

Property image for Bankers Trust Building - 280 Park Avenue, New York, NY 10017
static Mapbox map

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1962

Lot sq. ft.

24,775

Sale price

$33,072,265 - M

General information

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Address
Building name
Bankers Trust Building
Primary address
Bankers Trust Building - 280 Park Avenue
Alternate address(es)
280-290 Park Ave
47-51 E 48th St
58-70 E 49th St
ZIP code
10017
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01284-0033

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
386,166
Building dimensions
159 ft x 93 ft
Buildings on lot
1
Stories
28
Year built
1962
Last altered
2013
Building material
Sales
Sale date
02/28/2020
Sale price
$33,072,265 - M
Tax
Tax year
2026-2027
Property tax
$10,628,003
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
200.83 ft x 124.33 ft
Lot sq. ft.
24,775

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.19 Miles
Closest fire station
0.34 Miles

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

Units for Bankers Trust Building - 280 Park Avenue, New York, NY

Ownership

Ownership information for Bankers Trust Building - 280 Park Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Bankers Trust Building - 280 Park Avenue, New York, NY 10017

Sale date Sale price Buyer name Seller name
02/28/2020 $33,072,265 XXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXX XXXXXXX XXXXXXXX XXXXXXXX XXX
11/19/2007 $1,279,800,000 XXXXXXXX XXX XXXX XXX XXX XXXXXXXXX XXXXXXXX XXX XXXX XXX
06/06/2006 $1,178,617,344 XXXXXXXXX XXXXXXXX XXX XXXX XXX XX XXX XXXX XXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/06/2026 - R
03/09/2026 - D		 Agreement
(2026040600310001)		 XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXX XXX XXXXXXXX XXXXXXXX XX
12/15/2023 - R
12/01/2023 - D		 Agreement
(2023121500132001)		 XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXX XXXXXXXX XXXXXXXX XX
08/17/2022 - R
08/09/2022 - D		 Sundry Agreement
(2022081000816001)		 XXXXXXXX XXX XXXX XXX XXX
04/29/2022 - R
04/22/2022 - D		 Satisfaction of Mortgage
(2022042500739001)		 XXX X XXXXXX XXXX XX XXXXXXX X X
03/10/2022 - R UCC3 Continuation
(2022030700242001)		 XXXXXXXX XXX XXXX XXX XXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
08/06/2021 - R
06/10/2021 - D		 Agreement
(2021080400398001)		 XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXXXX XXX XXXX XXX XXX
03/03/2021 - R
10/02/2020 - D		 Correction Deed
(2021022200292001)		 XXXXXXX XXXXXXXX XXXXXXXX XXX XXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXX
05/13/2020 - R
02/28/2020 - D		 Deed
(2020031000627001)		 XXXXXXX XXXXXXXX XXXXXXXX XXX XXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXX
03/04/2020 - R
02/28/2020 - D		 Deed
(2020030301029001)		 XXXXXXX XXXXXXXX XXXXXXXX XXX XXXXXXXXXXXX XXXXXXXXXXXXXX XXXXXXXXX
02/27/2020 - R
01/27/2020 - D		 Agreement
(2020022700771001)		 XXXXXXXX XXX XXXX XXX XXX XXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Bankers Trust Building - 280 Park Avenue, 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
$10,628,003
Municipal exemptions
Recent tax assessments
Market value
$217,715,600
Assessed value
$97,972,000

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 $234,309,000 $105,439,050 $100,472,039 10.848% $10,899,207 $10,899,207 +3.30%
2024/25 $234,997,000 $105,748,650 $98,040,420 10.762% $10,551,110 $10,551,110 +2.38%
2023/24 $234,971,000 $105,736,950 $97,301,073 10.592% $10,306,130 $10,306,130 +5.54%
2022/23 $208,381,000 $93,771,450 $91,727,075 10.646% $9,765,264 $9,765,264 +1.67%
2021/22 $203,698,000 $91,664,100 $89,306,256 10.755% $9,604,888 $9,604,888 +4.58%
2020/21 $206,811,100 $93,064,995 $85,880,530 10.694% $9,184,064 $9,184,064 +7.25%
2019/20 $226,306,000 $101,837,700 $81,265,141 10.537% $8,562,908 $8,562,908 +7.65%
2018/19 $172,551,000 $77,647,950 $75,657,601 10.514% $7,954,640 $7,954,640 -2.59%
2017/18 $180,998,000 $81,449,100 $77,668,011 10.514% $8,166,015 $8,166,015 +4.92%
2016/17 $163,562,000 $73,602,900 $73,602,900 10.574% $7,782,771 $7,782,771 +7.11%
Permits

Permit information for Bankers Trust Building - 280 Park Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/05/2026 Alteration
07/30/2026 Alteration
07/30/2026 Alteration
07/30/2026 Alteration
07/28/2026 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
12/17/2021 Evcat5-non-residential elevator periodic inspection/test
12/03/2021 E-elevator elevatorrequired
12/03/2021 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Lexington Ave & 50th St at NW Corner
Station lines
E-M-6
Distance (miles)
0.137
View subway map

Access the detailed traffic volume map for Bankers Trust Building - 280 Park Avenue, New York, NY 10017 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 Bankers Trust Building - 280 Park Avenue, New York, NY

22 E 49th St, New York 410 Madison Ave, New York 603 5th Ave, New York 17 E 48th St, New York 605 5th Ave, New York 19 E 49th St, New York 420 Madison Ave, New York 423 Madison Ave, New York 42 E 49th St, New York 19 E 48th St, New York 3 E 48th St, New York 20 E 49th St, New York 5 E 48th St, New York 48 E 50th St, New York 415 Madison Ave, New York 425 Madison Ave, New York 437 Madison Ave, New York 300 Park Ave, New York 12 E 49th St, New York 601 5th Ave, New York

Nearby ZIP codes for Bankers Trust Building - 280 Park Avenue, New York, NY

10016, New York City, NY 10020, New York City, NY 10022, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10152, New York City, NY 10154, 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 Bankers Trust Building - 280 Park Avenue, New York, NY 10017?

The development at Bankers Trust Building - 280 Park Avenue, New York, NY 10017 was built in 1962.

What is the market value of Bankers Trust Building - 280 Park Avenue, New York, NY 10017?

The current market value of Bankers Trust Building - 280 Park Avenue, New York, NY 10017 is $217,715,600.

What is the total square footage of Bankers Trust Building - 280 Park Avenue, New York, NY 10017?

Bankers Trust Building - 280 Park Avenue, New York, NY 10017 has a total of 386,166 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 35.

How many active listings does Bankers Trust Building - 280 Park Avenue, New York, NY 10017 have?

This address has 6 active listing(s).

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