| Primary address | 226 East 54th Street |
| Secondary address | 226-228 E 54th St |
| Neighborhood | Central Midtown |
| Zip code | 10022 |
| Borough | Manhattan |
| Block & lot | 01327-0035 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 08/01/2016 |
| Purchase price | $20,000,000 |
| Tax class | Register |
| Estimated property tax | $369,788 |
| Lot sq. ft. | 5,021 |
| Lot dimensions | |
| Property type | Office with Commercial 7-19 Stories (O6)
|
| Building sqft | 31,105 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 9 |
| Year built | 1920 |
| Year last altered | 2003 |
| Construction type | Register |
| School district | 2 |
| Community district | 6 |
| Closest police station | 0.11 Miles |
| Closest fire station | 0.67 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Office with Commercial 7-19 Stories (O6) located at 226 East 54th Street, New York, NY 10022 has a total of 31,105 square feet.
What is the year built & the current market value of 226 East 54th Street, New York, NY 10022?226 East 54th Street, New York, NY 10022 was built in 1920 and has a current tax assessor's market value of $8,165,000.
How many commercial spaces does this building have?This building has 3 commercial spaces available for lease. There are 1 active listings at this address.
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.
| Listing type | For Sale |
|---|---|
| Listing date | 04/18/2025 |
| Last updated | 05/21/2026 |
| Lot size | 1.1527 Acre |
BKREA has been exclusively retained to facilitate the sale of 226 East 54 Street, a prime development opportunity in the heart of Midtown East Manhattan. The site spans approximately 5,021 square feet with roughly 50 feet of frontage along the south side of East 54th Street, between Second and Third Avenues. Currently improved with a 9-story, 31,105 SF office building (built in 1920, and enlarged by three floors in 1990), the property, which has owned for 45+ years, is suited for redevelopment either as a modern commercial project or a new residential tower. A developer can choose to capitalize on the building’s footprint and airspace by constructing a ground-up development that maximizes the allowable floor area under current zoning. Perfectly situated in the prestigious Midtown East submarket of Manhattan, the property benefits from a location that is both centrally positioned and highly coveted. It is surrounded by a dynamic mix of office headquarters, luxury residential towers, hotels, and retail. One block west sits the iconic Citigroup Center tower at 601 Lexington Avenue, occupying the block of 53rd–54th Streets from Third Avenue to Lexington Avenue, underscoring the blue-chip corporate presence in the immediate area. This address offers developers and future end-users a world-class location with a Midtown prestige factor that commands premium rents and sales valuesBKREA has been exclusively retained to facilitate the sale of 226 East 54 Street, a prime development opportunity in the heart of Midtown East Manhattan. The site spans approximately 5,021 square feet with roughly 50 feet of frontage along the south side of East 54th Street, between Second and Third Avenues. Currently improved with a 9-story, 31,105 SF office building (built in 1920, and enlarged by three floors in 1990), the property, which has owned for 45+ years, is suited for redevelopment either as a modern commercial project or a new residential tower. A developer can choose to capitalize on the building’s footprint and airspace by constructing a ground-up development that maximizes the allowable floor area under current zoning. Perfectly situated in the prestigious Midtown East submarket of Manhattan, the property benefits from a location that is both centrally positioned and highly coveted. It is surrounded by a dynamic mix of office headquarters, luxury residential towers, hotels, and retail. One block west sits the iconic Citigroup Center tower at 601 Lexington Avenue, occupying the block of 53rd–54th Streets from Third Avenue to Lexington Avenue, underscoring the blue-chip corporate presence in the immediate area. This address offers developers and future end-users a world-class location with a Midtown prestige factor that commands premium rents and sales values
Create a free account to view the complete sales history for 226 East 54th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
*Here are the three most recent sales for this property.
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.
R: Recorded date
D: Document date
Access detailed property tax data for 226 East 54th 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: | $368,073 |
| Estimated property tax: | $369,788 |
| Tax assessor's market value: | $8,165,000 |
| Assessed value: | $3,674,250 |
Here's the assessment & property tax history for 226 East 54th 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 | $8,165,000 | $3,674,250 | $3,393,000 | 10.848% | $368,073 | $368,073 | -3.55% |
| 2024/25 | $7,959,000 | $3,581,550 | $3,546,180 | 10.762% | $381,640 | $381,640 | +11.61% |
| 2023/24 | $7,174,000 | $3,228,300 | $3,228,300 | 10.592% | $341,942 | $341,942 | -0.91% |
| 2022/23 | $7,203,000 | $3,241,350 | $3,241,350 | 10.646% | $345,074 | $345,074 | -0.96% |
| 2021/22 | $7,199,000 | $3,239,550 | $3,239,550 | 10.755% | $348,414 | $348,414 | -25.04% |
The complete history of permits filed for 226 East 54th 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.
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.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | 3rd Ave & 53rd St at NE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | E-M-6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.066 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 2 Av/E 54 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.055 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 226 East 54th Street, New York, NY 10022.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 220 E 54th St, New York | 115,020 | 10/07/1991 | |
| 249 E 53rd St, New York | 6,596 | 09/22/2000 | |
| 235 E 54th St, New York | 6,040 | 07/24/1980 | |
| 909 3rd Ave, New York | 1,321,050 | 06/11/2021 | $191,670,794 |
| 240 E 54th St, New York | 38,000 | 09/25/2017 | |
| 247 E 53rd St, New York | 6,232 | 06/15/1990 | |
| 211 E 53rd St, New York | 146,549 | ||
| 233 E 54th St, New York | 6,040 | 07/24/1980 | |
| 237 E 54th St, New York | 6,040 | 07/24/1980 | |
| 237 E 53rd St, New York | 12,588 | 12/21/2023 | |
| 1007 2nd Ave, New York | 3,267 | 05/09/2002 | |
| 1009 2nd Ave, New York | 6,208 | 03/11/2014 | $14,275,000 |
| 1005 2nd Ave, New York | 2,566 | 12/22/1981 | |
| 243 E 53rd St, New York | 2,999 | 01/18/2022 | $3,400,000 |
| 232 E 54th St, New York | 101,848 | 11/02/2016 | |
| 1003 2nd Ave, New York | 5,975 | 05/02/2013 | $1,750,000 |
| 239 E 53rd St, New York | 12,588 | 09/15/2010 | $12,700,000 |
| 231 E 54th St, New York | 6,040 | 07/24/1980 | |
| 250 E 54th St, New York | 262,473 |
