Manhattan  »  10017  »  2nd Ave  »  885 2nd Ave

One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017 - Property report

Also known as: 883-899 2nd Ave

Property image for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017
static Mapbox map

Property type

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

Year built

1971

Lot sq. ft.

40,820

Sale price

$265,250,000

General information

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Address
Building name
One Dag Hammarskjold Plaza
Primary address
One Dag Hammarskjold Plaza - 885 2nd Avenue
Alternate address(es)
1 Dag Hammarskjold Plz
227-245 E 47th St
248-260 E 48th St
ZIP code
10017
Neighborhood
Turtle Bay
Borough
Manhattan
Block & lot
01321-0022

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
805,467
Building dimensions
200.83 ft x 286 ft
Buildings on lot
1
Stories
48
Year built
1971
Last altered
2004
Building material
Sales
Sale date
06/05/2026
Sale price
$265,250,000
Tax
Tax year
2026-2027
Property tax
$12,555,426
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 294 ft
Lot sq. ft.
40,820

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.19 Miles
Closest fire station
0.36 Miles

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

Ownership information for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY

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

Sales history for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017

Sale date Sale price Buyer name Seller name
06/05/2026 $265,250,000 XXX XXX XXXXX XX XXX XXXXXX XXXXXX XXXXX XXX
01/08/2019 $565,754,371 XXX XXXXXX XXXXXX XXXXX XXX XXXXX XXXXX, 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
08/12/2026 - R UCC3 Assignment
(2026081000858002)
XXX XXX XXXXX XX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
08/12/2026 - R
07/07/2026 - D
Assignment, Mortgage
(2026081000858001)
XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXX XXXX XXXXXXXX XXXXX XXXXXXX XX XXXXXXX
06/25/2026 - R Initial UCC1
(2026062401147001)
XXX XXX XXXXX XX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/24/2026 - R
06/05/2026 - D
Agreement
(2026061800931002)
XXX XXX XXXXX XX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/24/2026 - R
06/05/2026 - D
Assignment, Mortgage
(2026061800931001)
XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/18/2026 - R
06/05/2026 - D
Termination of Lease or Memo
(2026061500729003)
XXX XXXXXX XXXXXX XXXXX XXX XXX XXXXXX XXXXXX XXXXXX XXX
06/18/2026 - R
06/05/2026 - D
Assignment of Lease
(2026061500729002)
XXX XXXXXX XXXXXX XXXXXX XXX XXX XXX XXXXX XX
06/18/2026 - R
06/05/2026 - D
Deed
(2026061500729001)
XXX XXXXXX XXXXXX XXXXX XXX XXX XXX XXXXX XX
06/03/2025 - R
04/07/2025 - D
Agreement
(2025052901084001)
XXX XXXXXX XXXXXX XXXXXX XXX XXX XXXXXXX XXXXXXXX XX XXXXXXX
07/30/2025 - R
04/07/2025 - D
Memorandum of Lease
(2025052901073001)
XXX XXXXXX XXXXXX XXXXXX XXX XXX XXXXXXX XXXXXXXX XX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for One Dag Hammarskjold Plaza - 885 2nd 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
$12,555,426
Municipal exemptions
Recent tax assessments
Market value
$257,199,000
Assessed value
$115,739,550

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 $263,877,000 $118,744,650 $116,461,730 10.848% $12,633,768 $12,633,768 -0.22%
2024/25 $261,458,000 $117,656,100 $117,656,100 10.762% $12,662,149 $12,662,149 +2.14%
2023/24 $260,079,000 $117,035,550 $117,035,550 10.592% $12,396,405 $12,396,405 -0.18%
2022/23 $259,222,200 $116,649,990 $116,650,000 10.646% $12,418,559 $12,418,559 +2.89%
2021/22 $249,383,000 $112,222,350 $112,222,350 10.755% $12,069,514 $12,069,514 -13.33%
2020/21 $318,732,000 $143,429,400 $130,215,870 10.694% $13,925,285 $13,925,285 +6.25%
2019/20 $318,228,000 $143,202,600 $124,379,990 10.537% $13,105,920 $13,105,920 +5.76%
2018/19 $288,033,000 $129,614,850 $117,859,470 10.514% $12,391,745 $12,391,745 +4.92%
2017/18 $261,850,000 $117,832,500 $112,336,500 10.514% $11,811,060 $11,811,060 +3.03%
2016/17 $269,136,000 $121,111,200 $108,417,180 10.574% $11,464,033 $11,464,033 +4.58%

Permit information for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/05/2026 Alteration
07/27/2026 Alteration
07/27/2026 Alteration
07/27/2026 Alteration
07/27/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
11/12/2019 Ll2604s-sprinkler
09/06/2019 Acc1-(other BLDGS types) - elevator affirmation of correction
09/06/2019 Acc1-(other BLDGS types) - elevator affirmation of correction

*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
6

Subway & traffic

Closest station
Lexington Ave & 50th St at NW Corner
Station lines
E-M-6
Distance (miles)
0.251

Access the detailed traffic volume map for One Dag Hammarskjold Plaza - 885 2nd 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

Frequently asked questions

What is the year built for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017?

The development at One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017 was built in 1971.

What is the market value of One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017?

The current market value of One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017 is $257,199,000.

What is the total square footage of One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017?

One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017 has a total of 805,467 square feet.

What is the price per square foot for this property?

$329 per square foot is the price for One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 27.

How many active listings does One Dag Hammarskjold Plaza - 885 2nd Avenue, New York, NY 10017 have?

This address has 16 active listing(s).

Disclaimer

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