Manhattan  »  10017  »  E 48th St  »  111 E 48th St

111 East 48th Street, New York, NY 10017 - Property report

Also known as: 111 E 48th St

Property image for 111 East 48th Street, New York, NY 10017
static Mapbox map

Property type

Luxury Hotel (H1)

Year built

1926

Lot sq. ft.

41,170

Sale price

$33,072,265 - M

General information

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Address
Primary address
111 East 48th Street
Alternate address(es)
110-130 E 49th St
111-127 E 48th St
518-536 Lexington Ave
ZIP code
10017
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01303-0014

Owner

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Building
Property type
Luxury Hotel (H1)
Building sq. ft.
443,607
Building dimensions
200 ft x 205 ft
Buildings on lot
1
Stories
14
Year built
1926
Last altered
2014
Building material
Sales
Sale date
02/28/2020
Sale price
$33,072,265 - M
Tax
Tax year
2026-2027
Property tax
$9,245,075
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Commercial units
8
Lot
Lot dimensions
200.83 ft x 205 ft
Lot sq. ft.
41,170

Area overview

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

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

Units for 111 East 48th Street, New York, NY

Ownership information for 111 East 48th Street, New York, NY

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

Sales history for 111 East 48th Street, 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
12/20/2010 $10 XXX XXXX XXXX XXXXXX XXXXXXXX, XXX XXXXXXX XXXXXXXXX XXXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/09/2026 - R
03/27/2026 - D
Agreement
(2026040800586001)
XXX XXXX XXXX XXXXXX XXXXXXXX XXX XXXXXXXX XXXX XX XXXXXX X X X X
03/28/2025 - R UCC3 Continuation
(2025032700963001)
XXX XXXX XXXX XXXXXX XXXXXXXX XXX XXXXXXXX XXXX XX XXXXXX X X X X
02/21/2025 - R UCC3 Termination
(2025021200466007)
XXXXXX XXX XXXXXXXXXX XXXXXXXXX XXXXX XXX XXX XXXX XXXX XXXXXXXXX XXXXXXX
06/10/2025 - R
02/13/2025 - D
Asgn of Asgn of L&R
(2025061000235002)
XXXX XXXX XXXXXX XXXXXXX XXX XXXXXXXXXX XXXXXXX XXXX XXXXXXX XXX XX XXXXXXX
06/10/2025 - R
02/13/2025 - D
Assignment, Mortgage
(2025061000235001)
XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXXXX XXXX XXXXXXX XXX XX XXXXXXX
02/25/2025 - R
02/07/2025 - D
Agreement
(2025022400856001)
XXXXXXXX XXXXX XXXX X X XXXXXXX XXX X X
02/21/2025 - R
02/07/2025 - D
Agreement
(2025021200466011)
XXXX XXXX XXXXXXX XXXXXXX XXX XXXXXXXXXX XXXX XXXXX XXX
02/21/2025 - R
02/07/2025 - D
Agreement
(2025021200466010)
XXXXXXXX XXXXX XXXX X X XXXXXXXXXX XXXX XXXXX XXX
02/21/2025 - R
02/07/2025 - D
Assignment of Leases and Rents
(2025021200466009)
XXXXXXXXXX XXXX XXXXX XXX XXXX XXXX XXXXXXX XXXXXXX XXX
02/21/2025 - R
02/07/2025 - D
Mortgage and Consolidation
(2025021200466008)
XXXXXXXXXX XXXX XXXXX XXX XXXX XXXX XXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 111 East 48th 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
$9,245,075
Municipal exemptions
Recent tax assessments
Market value
$245,879,000
Assessed value
$110,645,550

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 $191,408,000 $86,133,600 $78,198,210 10.848% $8,482,942 $8,340,485 +1.52%
2024/25 $186,921,000 $84,114,450 $78,984,540 10.762% $8,500,316 $8,215,403 +0.46%
2023/24 $180,533,000 $81,239,850 $81,239,850 10.592% $8,604,925 $8,177,555 +20.28%
2022/23 $156,781,000 $70,551,450 $70,551,450 10.646% $7,510,907 $6,798,624 +1.42%
2021/22 $153,226,000 $68,951,700 $68,951,700 10.755% $7,415,755 $6,703,471 -28.53%
2020/21 $200,145,000 $90,065,250 $87,705,583 10.694% $9,379,235 $9,379,235 +6.64%
2019/20 $220,000,000 $99,000,000 $83,471,688 10.537% $8,795,412 $8,795,412 +8.08%
2018/19 $247,783,000 $111,502,350 $77,397,888 10.514% $8,137,614 $8,137,614 +13.54%
2017/18 $153,469,728 $69,061,378 $68,168,316 10.514% $7,167,217 $7,167,217 +18.77%
2016/17 $130,922,000 $58,914,900 $57,068,799 10.574% $6,034,455 $6,034,455 -6.17%

Permit information for 111 East 48th Street, New York, NY

Filing date Job type Job status Job description Initial cost
10/20/2025 Alteration
08/19/2025 Alteration
01/17/2025 Alteration
01/03/2025 Alteration
12/11/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
12/01/2023 Egrade-failure to post energy grade/score none
04/05/2019 Evcat1-elevator annual inspection / test
02/16/2017 Earcx-failure to submit eer

*Most recent DOB violations on record for this property.

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

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Risk

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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)
0.083

Access the detailed traffic volume map for 111 East 48th Street, 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

Frequently asked questions

What is the year built for 111 East 48th Street, New York, NY 10017?

The development at 111 East 48th Street, New York, NY 10017 was built in 1926.

What is the market value of 111 East 48th Street, New York, NY 10017?

The current market value of 111 East 48th Street, New York, NY 10017 is $245,879,000.

What is the total square footage of 111 East 48th Street, New York, NY 10017?

111 East 48th Street, New York, NY 10017 has a total of 443,607 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 8.

Disclaimer

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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.

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