What is the current market value of 118 East 59th Street, New York, NY 10022?

118 East 59th Street, New York, NY 10022 has a current tax assessor's market value of $6,234,000.

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118 East 59th Street, New York, NY 10022 Property Information

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Address

Primary address	118 East 59th Street
Neighborhood	Central Midtown

Zip code	10022
Borough	Manhattan
Block & lot	01313-0063

Sales & Tax Overview for 118 East 59th Street, New York

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

Purchase date	11/20/2013
Purchase price	$49,000,000

Tax class	Register
Estimated property tax	$333,442

Lot & Building Information for 118 East 59th Street, New York

Lot sq. ft.	5,021
Lot dimensions	50 ft x 100.42 ft
Property type	Zoned Commercial or Manhattan Residential (V1)

Year last altered	2015
Frontage(s)	East 59 Street (wide)

Zoning & Use for 118 East 59th Street, New York

Zoning	Register

Units & Related Parcels

Unit	Sale Date	Sale Price	Sqft	Price/Sqft
Unit 22H	09/21/2022	Register
Unit 25F	11/17/2009	Register

Area Overview

Walk Score

Transit Score

Bike Score

School district	2
Community district	5

Closest police station	0.35 Miles
Closest fire station	0.41 Miles

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

Other Property Data for 118 East 59th 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 118 East 59th 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 118 East 59th Street, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 118 East 59th Street, New York

What is the market value of 118 East 59th Street, New York, NY 10022?

The current market value is $6,234,000.

Ownership Information for 118 East 59th Street, New York

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.

Property owner name for 118 East 59th Street, New York, NY 10022

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Building contacts for 118 East 59th Street, New York, NY 10022

Building management:	Register
Representatives (from permits):	Register
Tenants:	Register

Commercial Real Estate nearby

Real Estate Reports:

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Past Sales & Property History for 118 East 59th Street, New York

Create a free account to view the complete sales history for 118 East 59th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date	Purchase price	Buyer name	Seller name
11/20/2013	$49,000,000	Register	Register

Title Documents for 118 East 59th 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
05/27/2016 - R	UCC3 Termination (2016052600458001)
05/10/2016 - D 05/27/2016 - R	Termination of Assign of L&R (2016052600458003)
05/10/2016 - D 05/27/2016 - R	Satisfaction of Mortgage (2016052600458002)
01/12/2015 - D 01/20/2015 - R	Zoning Lot Description (2015011300699001)
09/05/2014 - R	Initial UCC1 (2014082900706003)
08/19/2014 - D 09/05/2014 - R	Assignment of Leases and Rents (2014082900706002)
08/19/2014 - D 09/05/2014 - R	Mortgage (2014082900706001)
11/20/2013 - D 12/04/2013 - R	Termination of Assign of L&R (2013112700563003)
11/20/2013 - D 12/04/2013 - R	Termination of Assign of L&R (2013112700563002)
11/20/2013 - D 12/04/2013 - R	Satisfaction of Mortgage (2013112700563001)

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R: Recorded date
D: Document date

Property Taxes for 118 East 59th Street, New York

Access detailed property tax data for 118 East 59th 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:	$304,319
Estimated property tax:	$333,442

Tax assessor's market value:	$6,234,000
Assessed value:	$2,805,300

More about New York City Property Taxes

Assessment History for 118 East 59th Street, New York

Here's the assessment & property tax history for 118 East 59th 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	$6,234,000	$2,805,300	$2,805,300	10.848%	$304,319	$304,319	-1.67%
2024/25	$6,562,000	$2,952,900	$2,875,770	10.762%	$309,490	$309,490	+6.87%
2023/24	$6,907,000	$3,108,150	$2,734,020	10.592%	$289,587	$289,587	+9.40%
2022/23	$6,346,000	$2,855,700	$2,486,430	10.646%	$264,705	$264,705	+13.70%
2021/22	$6,403,000	$2,881,350	$2,164,680	10.755%	$232,811	$232,811	+19.52%

Permits for 118 East 59th Street, New York

The complete history of permits filed for 118 East 59th 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
10/17/2025	Alteration
05/09/2025	Alteration
12/20/2023	Alteration
01/24/2023	Alteration
06/26/2015	Alteration type 2
06/26/2015	Alteration type 2
06/26/2015	Alteration type 2
06/26/2015	Alteration type 2
06/17/2015	Alteration type 2
06/17/2015	Alteration type 2

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More about New York City Property Records

Central Midtown Residential Market Stats

Access a detailed real estate market overview of Central Midtown so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Central Midtown and compare it to other neighborhoods in Manhattan.

Median Sale Price

$1,380,000

26.6% YoY

Median Price/Sqft

$1,477

16.5% YoY

Manhattan Median Sale Price

$1,200,000

9.3% 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

Lexington Ave & 59th St at SW Corner

Station lines

N-Q-R-4-5-6

Distance (miles)

0.03

View subway map

Bus Routes
Name	Lexington Av/E 59 St
Line	M103
Distance (miles)	0.036

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
East Side Elementary School, PS 267	9	Yes	Public	K-5	362	0.29
Gan Aliya	NR	No	Private	PK-K	42	0.11
Gan Aliya	NR	No	Private	PK-K	42	0.11
The Browning School	NR	No	Private	K-12	418	0.18
P.S. 59 Beekman Hill International	8	No	Public	PK, K-5	523	0.28

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
The Browning School	NR	No	Private	K-12	418	0.18
The Montessori School of New York - Manhattan	NR	No	Private	PK, K-8	0	0.43
Rabbi Arthur Schneier Park East Day School	NR	No	Private	PK-8	264	0.46
St Albans School	NR	No	Private	PK-8	118	0.53
Saint Albans	NR	No	Private	PK, K-8	0	0.53

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
The Browning School	NR	No	Private	K-12	418	0.18
Art and Design High School	8	No	Public	9-12	1,469	0.26
St Vincent Ferrer High School	NR	No	Private	9-12	433	0.33
Cathedral High School	NR	No	Private	9-12	465	0.42
Cathedral High School	NR	No	Private	9-12	556	0.42

Neighbors for 118 East 59th Street, New York

Here are the neighbors for 118 East 59th Street, New York, NY 10022.

Address	Square feet	Purchase date	Purchase price
709 Lexington Ave, New York	1,960	12/20/2024	$650,000
116 E 59th St, New York	13,685	07/23/2001
763 2nd Ave, New York	8,550	05/12/2003
801 2nd Ave, New York	141,408	06/01/2022
143 E 57th St, New York	6,645	02/24/1999
101 E 57th St, New York	4,080	09/03/2009
117 E 57th St, New York	534,244	10/08/2010
475 Park Ave, New York	122,801
122 E 58th St, New York	23,712	03/17/2009	$28,500,000
245 E 40th St, New York	387,761	02/27/2013	$179,431,401
235 E 40th St, New York	385,721
730 Lexington Ave, New York	4,100	12/16/2022
110 E 59th St, New York	596,734	11/01/2017	$28,050,000
219 E 42nd St, New York	519,826	07/09/2024	$60,000,000
655 3rd Ave, New York	380,000	07/11/2013	$10
212 E 42nd St, New York	517,158	01/09/2019	$277,700,000
485 Park Ave, New York	82,644
141 E 57th St, New York	4,930	12/17/1998
633 3rd Ave, New York	1,013,617
202 E 42nd St, New York	7,855	01/01/2009