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Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 Property Information

Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 3
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Address

Building name Park Avenue Plaza
Primary address Park Avenue Plaza - 40 East 52nd Street
Secondary address 41-47 E 51st St
Neighborhood Central Midtown
Zip code 10022
Borough Manhattan
Block & lot 01287-0028

Sales & Tax Overview for 40 East 52nd Street, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $7,899,258

Lot & Building Information for 40 East 52nd Street, New York

Lot sqft 21,843
Lot dimensions 87 ft x 200.84 ft
Building class Office Only with or without Commercial - 20 Stories or More (O4) i
Building sqft 360,000
Building dimensions 85 ft x 200 ft
Buildings on lot 1
Stories 23
Year built 1986
Year last altered 2025
Construction type
Status
Status date
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Zoning & Use for 40 East 52nd Street, New York

Zoning
Commercial units 37
Office sqft
Retail sqft
Conversion feasibility index i

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.19 Miles
Closest fire station 0.44 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 40 East 52nd Street, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 41-47 E 51st St, New York, NY 10022
  • 38-48 E 52nd St, New York, NY 10022

About 40 East 52nd Street, New York

How many square feet does Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 have?

This Office Only with or without Commercial - 20 Stories or More (O4) located at Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 has a total of 360,000 square feet.

What is the year built & the current market value of Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022?

Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022 was built in 1986 and has a current tax assessor's market value of $161,305,000.

How many commercial spaces does this building have?

This building has 37 commercial spaces available for lease.

Ownership Information for 40 East 52nd Street, New York

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Property owner name for Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022
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Building contacts for Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 40 East 52nd Street, New York

Create a free account to view the complete sales history for 40 East 52nd Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 40 East 52nd Street, New York

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.

Date Type Amount Party 1 Party 2 Doc image
11/06/2023 - R Initial UCC1
(2022100301238005)
11/06/2023 - R UCC3 Termination
(2022100301238001)
10/27/2023 - D
11/06/2023 - R
Agreement
(2022100301238004)
10/27/2023 - D
11/06/2023 - R
Agreement
(2022100301238003)
10/27/2023 - D
11/06/2023 - R
Assignment, Mortgage
(2022100301238002)
01/24/2023 - D
02/01/2023 - R
Memorandum of Contract
(2023013000940003)
01/24/2023 - D
02/01/2023 - R
Memorandum of Lease
(2023013000940002)
01/24/2023 - D
02/01/2023 - R
Sundry Agreement
(2023013000940001)
03/02/2021 - R UCC3 Continuation
(2021022501207001)
03/20/2020 - D
01/06/2021 - R
Both RPTT and RETT
(2020122000172001)
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R: Recorded date
D: Document date

Property Taxes for 40 East 52nd Street, New York

Access detailed property tax data for Park Avenue Plaza - Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,773,475
Estimated property tax: $7,899,258
Tax assessor's market value: $161,305,000
Assessed value: $72,587,250

Assessment History for 40 East 52nd Street, New York

Here's the assessment & property tax history for 40 East 52nd 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 $161,305,000 $72,587,250 $71,658,140 10.848% $7,773,475 $7,773,475 -0.29%
2024/25 $160,977,800 $72,440,000 $72,440,000 10.762% $7,795,993 $7,795,993 -3.07%
2023/24 $179,697,000 $80,863,650 $75,937,420 10.592% $8,043,292 $8,043,292 +2.07%
2022/23 $175,236,000 $78,856,200 $74,020,960 10.646% $7,880,271 $7,880,271 +18.24%
2021/22 $137,705,000 $61,967,250 $61,967,250 10.755% $6,664,578 $6,664,578 -14.28%

Permits for 40 East 52nd Street, New York

The complete history of permits filed for 40 East 52nd 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.

Filing date Job type Job status Job description Initial cost
11/21/2025 Full demolition
10/08/2025 Full demolition
06/01/2023 Alteration
08/01/2022 Alteration
02/21/2022 Alteration
09/08/2021 Alteration
09/07/2021 Alteration
09/02/2021 Alteration
05/13/2021 Alteration
09/14/2020 Alteration
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Manhattan Commercial Market Stats

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.

Median Price/Sqft Q3/2025
$611
-10.5% YoY
Median Price/Sqft Q2/2025
$625
5.3% YoY
Median Price/Sqft 2024
$620
-4.2% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Madison Ave & 53rd St at SE Corner
Station lines E-M
Distance (miles) 0.073
View subway map
Bus Routes
Name Madison Av/E 52 St
Distance (miles) 0.039

Neighbors for 40 East 52nd Street, New York

Here are the neighbors for Park Avenue Plaza - Park Avenue Plaza - 40 East 52nd Street, New York, NY 10022.

Address Square feet Purchase date Purchase price
14 E 52nd St, New York 21,776 10/16/2023 $19,500,000
39 E 51st St, New York 10,974 06/20/2023 $40,000,000
37 E 50th St, New York 11,500 01/23/2008
7 E 51st St, New York 13,000 05/30/1973
457 Madison Ave, New York 22,350 02/09/2010 $7,000,000
320 Park Ave, New York 656,436 11/01/2021
485 Madison Ave, New York 244,668 11/01/2017 $28,050,000
11 E 51st St, New York 13,349 11/01/2017 $28,050,000
16 E 52nd St, New York 90,816 09/21/1971
641 5th Ave, New York 914,767
663 5th Ave, New York 75,871 05/03/1978
655 5th Ave, New York 52,400 12/18/2013
3 E 52nd St, New York 5,380 10/04/2024 $14,300,000
12 E 52nd St, New York 20,200 04/09/2025 $14,825,000
10 E 52nd St, New York 17,841 09/26/1974
5 E 51st St, New York 14,708 02/15/2019 $44,000,000
647 5th Ave, New York 22,570 10/07/1975
477 Madison Ave, New York 262,287 06/27/2019 $155,368,000
34 E 51st St, New York 74,455 12/05/2019
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