New York City  »  10022  »  E 51st St  »  242 E 51st St

242 East 51st Street, New York, NY 10022 - Property report

Also known as: 242 E 51st St

Property image for 242 East 51st Street, New York, NY 10022
static Mapbox map

Property type

Three Families (C0)

Year built

1901

Lot sq. ft.

2,008

Sale price

$5,500,000

General information

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Address
Primary address
242 East 51st Street
ZIP code
10022
Neighborhood
Turtle Bay
Borough
Manhattan
Block & lot
01324-0032

Owner

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Building
Property type
Three Families (C0)
Building sq. ft.
7,056
Building dimensions
20 ft x 96 ft
Buildings on lot
1
Stories
5
Year built
1901
Last altered
2012
Building material
Brick
Exterior wall
Brick/Masonary
Sales
Sale date
04/01/2003
Sale price
$5,500,000
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
3
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 51 Street (narrow)
Nearest wide street
2 Avenue
Distance to wide street
Lot dimensions
20 ft x 100.42 ft
Lot sq. ft.
2,008

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
81 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.10 Miles
Closest fire station
0.53 Miles

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

Ownership

Ownership information for 242 East 51st Street, 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 242 East 51st Street, New York, NY 10022

Sale date Sale price Buyer name Seller name
04/01/2003 $5,500,000 XXXXXXXXX XXXXXXX XX XXX XXXXXXXX XX XXXXXXXXXXXXX XXX XXXX XXXX. XXXXXX XXXXXX XXXX. ,

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/16/2012 - R
04/13/2012 - D		 Certificate
(2012041301019002)		 XXXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XX XXX XXXXXXXX XX XXXXXXXXXX
04/16/2012 - R
04/13/2012 - D		 Zoning Lot Description
(2012041301019001)		 XXXXXXXXX XXXXXXX XX XXX XXXXXXXX XX XXXXXXXXXX
05/29/2003 - R Termination of Assign of L&R
(2003040801875003)		 X X XXXX XXXXXXXXX XXX XXXX XXXX XXXXXX XXXXXX XXXX
04/10/2003 - R UCC3 Termination
(2003040802015001)		 XXX XXXX XXXX XXXXXX XXXXXX XXXX X X XXXX XXXXXX XXX
05/29/2003 - R
04/01/2003 - D		 Deed, Other
(2003040801875001)		 XXX XXXX XXXX XXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX XX XXX XXXXXXXX XX XXXXXXXXXXXXX
12/24/2002 - R Satisfaction of Mortgage
(1540008957154)		 XXXXX XXXX XXXXXXXX XXXXXXX XXXXXX XXX XXXX XXXXXXXXXXX
10/01/2002 - R Deed
(1190008822219)		 XXXXX XXXX XXX XXXX XXXX XXXXXXXXXXXX XXXX
10/01/2002 - R Assignment, Mortgage
(1630008820363)		 XXX XXXX XXXX XXXXXXXXXXXX XXXX XX XXXX XXXXXX XXX
10/01/2002 - R Assignment, Mortgage
(1540008820354)		 XXXXXXXX XXXXXXX XXXX XXXXXXXX XXXXXX XXXXXXXXXX XXXXXXXX XXXXXXXXX XXXX
10/01/2002 - R Assignment, Mortgage
(1430008820343)		 XXXXXXX XXXXXXXX XXXX XX XXXXXXX XXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 East 51st 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
Municipal exemptions
Recent tax assessments
Market value
$11,911,000
Assessed value
$714,660

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 $9,821,000 $589,260 $0 19.843% $116,927 $0 n/a
2024/25 $10,464,000 $627,840 $0 20.085% $126,102 $0 n/a
2023/24 $12,519,000 $751,140 $0 20.085% $128,568 $0 n/a
2022/23 $12,939,000 $776,340 $0 20.309% $129,028 $0 n/a
2021/22 $12,322,000 $739,320 $0 19.963% $119,651 $0 n/a
2020/21 $14,035,000 $842,100 $0 21.045% $118,997 $0 n/a
2019/20 $12,849,000 $770,940 $0 21.167% $112,912 $0 n/a
2018/19 $9,406,000 $564,360 $0 20.919% $111,589 $0 n/a
2017/18 $12,500,000 $750,000 $0 20.385% $107,926 $0 n/a
2016/17 $12,003,000 $720,180 $0 19.991% $99,849 $0 n/a
Permits

Permit information for 242 East 51st Street, New York, NY

Filing date Job type Job status Job description Initial cost
06/24/2013 Alteration type 3
06/24/2013 Alteration type 3
06/07/2012 Alteration type 2
06/06/2012 Alteration type 2
03/21/2012 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Turtle Bay, East Midtown residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Manhattan median sale price

$1,260,000

5.4% Y-o-Y

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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
6

Subway & traffic

Closest station
3rd Ave & 53rd St at SE Corner
Station lines
E-M-6
Distance (miles)
0.13
View subway map

Access the detailed traffic volume map for 242 East 51st Street, New York, NY 10022 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 59 Beekman Hill International 8 Yes Public PK, K-5 523 0.29
P.S. 59 Beekman Hill International 8 Yes Public PK, K-5 523 0.29
St Albans School NR No Private PK-8 118 0.09
St Albans School NR No Private PK-8 118 0.09
Saint Albans NR No Private PK, K-8 0 0.09
Saint Albans NR No Private PK, K-8 0 0.09
The Family School NR No Private PK, K-6 0 0.20
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
St Albans School NR No Private PK-8 118 0.09
Saint Albans NR No Private PK, K-8 0 0.09
Aaron School K - 12 NR No Private K-12 185 0.26
The Montessori School of New York - Manhattan NR No Private PK, K-8 0 0.26
Aaron School NR No Private K-12 169 0.28
Ella Baker School 7 No Public PK, K-8 337 0.83
P.S. 78 8 No Public PK, K-8 725 0.96
Hunters Point Community Middle 6 No Public 6-8 365 1.02
P.S. 35 NR No Public K, 2-12 232 1.07
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
The Beekman School NR No Private 9-12 71 0.06
Aaron School K - 12 NR No Private K-12 185 0.26
Aaron School NR No Private K-12 169 0.28
Art and Design High School 8 No Public 9-12 1,469 0.29
Cathedral High School NR No Private 9-12 465 0.29
Cathedral High School NR No Private 9-12 556 0.29
Jacqueline Kennedy-Onassis High School 3 No Public 9-12 249 0.78
Repertory Company High School for Theatre Arts 6 No Public 9-12 229 0.82
Vanguard High School 5 No Public 9-12 421 0.83
Talent Unlimited High School 7 No Public 9-12 438 0.83

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 242 East 51st Street, New York, NY

214 E 51st St, New York 955 2nd Ave, New York 230 E 51st St, New York 220 E 51st St, New York 951 2nd Ave, New York 829 3rd Ave, New York 246 E 51st St, New York 961 2nd Ave, New York 953 2nd Ave, New York 943 2nd Ave, New York 240 E 51st St, New York 947 2nd Ave, New York 835 3rd Ave, New York 831 3rd Ave, New York 957 2nd Ave, New York 226 E 51st St, New York 222 E 51st St, New York 247 E 50th St, New York 945 2nd Ave, New York

Nearby ZIP codes for 242 East 51st Street, New York, NY

10017, New York City, NY 10020, New York City, NY 10021, New York City, NY 10065, New York City, NY 10103, 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 242 East 51st Street, New York, NY 10022?

The development at 242 East 51st Street, New York, NY 10022 was built in 1901.

What is the total square footage of 242 East 51st Street, New York, NY 10022?

242 East 51st Street, New York, NY 10022 has a total of 7,056 square feet.

When was 242 East 51st Street, New York, NY 10022 last sold and what was the sale price?

242 East 51st Street, New York, NY 10022 was last sold on 04/01/2003 for $5,500,000.

What is the assessed value of 242 East 51st Street, New York, NY 10022?

242 East 51st Street, New York, NY 10022 is currently assessed at $714,660.

How many residential units does this building have?

This building has 3 residential unit(s).

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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