New York City  »  10065  »  Park Ave  »  540 Park Ave

540 Park Avenue, New York, NY 10065 - Property report

Also known as: 35-53 E 61st St

Property image for 540 Park Avenue, New York, NY 10065
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Property type

Luxury Hotel (H1)

Year built

1962

Lot sq. ft.

24,903

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
540 Park Avenue
Alternate address(es)
35-53 E 61st St
ZIP code
10065
Neighborhood
Lenox Hill
Borough
Manhattan
Block & lot
01376-0036

Owner

Find out who owns 540 Park Avenue, New York, NY 10065. Uncover corporate and individual owners with a free account.

Building
Property type
Luxury Hotel (H1)
Building sq. ft.
268,467
Building dimensions
99 ft x 238 ft
Buildings on lot
1
Stories
20
Year built
1962
Last altered
1983
Building material
Tax
Tax year
2026-2027
Property tax
$6,387,203
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
100.42 ft x 248.5 ft
Lot sq. ft.
24,903

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
76 /100.  Very Bikeable
School district
2
Community district
8
Closest police station
0.31 Miles
Closest fire station
0.32 Miles

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

Units for 540 Park Avenue, New York, NY

Ownership

Ownership information for 540 Park Avenue, 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 540 Park Avenue, New York, NY 10065

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/06/2017 - R
01/01/2017 - D		 Both RPTT and RETT
(2016121401396001)		 XX XX XXXX XXX XXXX XXXXX XXXXXXX XX XXXXXXX XXX
01/06/2017 - R
01/01/2017 - D		 Lease
(2016121401383001)		 XXXX XXXX XXX XXXX XXXXX XXXXXXX XX XXXXX XXX
01/11/1999 - R Satisfaction of Mortgage
(1110006410611)		 XXXX XX XXXX XXXXXXX XXXXXX XXXXXXX XXXXXXXXXXXXX XXXXXXX
01/11/1999 - R Sundry Agreement
(1870006410887)		 XXXXXXX XXXXX XXX
08/24/1988 - R Assignment, Mortgage
(1190000264019)		 XXXXXX XXXXXXX XXXXXXXX XXXXXXX XXXXX XXX
07/08/1986 - R Easement
(1010000146301)		 XXXXX XXXX XX XXXXXXXXX XX
06/18/1968 - R Agreement
(1000008691800)		 XXX XXXXXXX XX XXXXX XXXX XXXX XXX XXXX
06/17/1968 - R Assignment, Mortgage
(1130008691713)		 XXXXXX XXXXXXX XX XXX X
06/17/1968 - R Mortgage
(1120008691712)		 XXXX XXXX XXX XXXX
06/17/1968 - R Lease
(1110008691711)		 XXXX XXXX XXX XXXX XXXXX XXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 540 Park 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
$6,387,203
Municipal exemptions
Recent tax assessments
Market value
$147,697,000
Assessed value
$66,463,650

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 $143,398,000 $64,529,100 $55,138,350 10.848% $5,981,408 $5,981,408 +0.18%
2024/25 $129,473,000 $58,262,850 $55,478,530 10.762% $5,970,599 $5,970,599 +0.17%
2023/24 $125,048,000 $56,271,600 $56,271,600 10.592% $5,960,288 $5,960,288 +14.57%
2022/23 $108,596,000 $48,868,200 $48,868,200 10.646% $5,202,509 $5,202,509 -8.63%
2021/22 $117,644,000 $52,939,800 $52,939,800 10.755% $5,693,675 $5,693,675 -23.11%
2020/21 $170,179,000 $76,580,550 $69,244,870 10.694% $7,405,046 $7,405,046 +6.11%
2019/20 $156,064,000 $70,228,800 $66,228,760 10.537% $6,978,524 $6,978,524 +0.65%
2018/19 $151,298,000 $68,084,100 $65,941,750 10.514% $6,933,116 $6,933,116 +0.24%
2017/18 $147,402,000 $66,330,900 $65,784,930 10.514% $6,916,628 $6,916,628 -1.50%
2016/17 $152,079,000 $68,435,550 $66,409,860 10.574% $7,022,179 $7,022,179 -3.63%
Permits

Permit information for 540 Park Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
04/20/2026 Alteration
01/28/2026 Alteration
08/11/2025 Alteration
05/03/2023 Alteration
12/20/2022 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/16/2022 Fisphaz-hazardous condition (facade) facade required
12/01/2022 Egrade-failure to post energy grade/score none
12/01/2021 Egrade-failure to post energy grade/score

*Most recent DOB violations on record for this property.

Neighborhood

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

Check out recently sold homes in Manhattan and see how their prices compare.

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
-

Subway & traffic

Closest station
Lexington Ave & 60th St at NW Corner
Station lines
N-Q-R-4-5-6
Distance (miles)
0.137
View subway map

Access the detailed traffic volume map for 540 Park Avenue, New York, NY 10065 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

Neighbors for 540 Park Avenue, New York, NY

40 E 62nd St, New York 33 E 61st St, New York 21 E 61st St, New York 11 E 61st St, New York 36 E 62nd St, New York 29 E 61st St, New York 16 E 62nd St, New York 800 5th Ave, New York 12 E 62nd St, New York 27 E 61st St, New York 673 Madison Ave, New York 34 E 62nd St, New York 30 E 62nd St, New York 18 E 62nd St, New York 14 E 62nd St, New York 660 Madison Ave, New York 15 E 61st St, New York 550 Park Ave, New York 52 E 62nd St, New York 675 Madison Ave, New York

Nearby ZIP codes for 540 Park Avenue, New York, NY

10017, New York City, NY 10021, New York City, NY 10022, New York City, NY 10028, New York City, NY 10044, New York City, NY 10075, New York City, NY 10103, New York City, NY 10112, New York City, NY 10152, New York City, NY 10154, New York City, NY 10162, 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 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 540 Park Avenue, New York, NY 10065?

The development at 540 Park Avenue, New York, NY 10065 was built in 1962.

What is the market value of 540 Park Avenue, New York, NY 10065?

The current market value of 540 Park Avenue, New York, NY 10065 is $147,697,000.

What is the total square footage of 540 Park Avenue, New York, NY 10065?

540 Park Avenue, New York, NY 10065 has a total of 268,467 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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