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540 Park Avenue, New York, NY 10065 Property Information

540 Park Avenue, New York, NY 10065 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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540 Park Avenue, New York, NY 10065 2
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Address

Primary address 540 Park Avenue
Secondary address 35-53 E 61st St
Neighborhood Lenox Hill
Zip code 10065
Borough Manhattan
Block & lot 01376-0036

Sales & Tax Overview for 540 Park Avenue, New York

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

Tax class
Estimated property tax $5,933,989

Lot & Building Information for 540 Park Avenue, New York

Lot sqft 24,903
Lot dimensions 100.42 ft x 248.5 ft
Building class Luxury Hotel (H1) i
Building sqft 268,467
Building dimensions 99 ft x 238 ft
Buildings on lot 1
Stories 20
Year built 1962
Year last altered 1983
Construction type
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Zoning & Use for 540 Park Avenue, New York

Zoning
Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 8
Closest police station 0.31 Miles
Closest fire station 0.32 Miles

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

Other Property Data for 540 Park Avenue, New York

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Floor area ratio (FAR) for 540 Park Avenue, New York, NY 10065, 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 540 Park Avenue, New York, NY 10065, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 35-53 E 61st St, New York, NY 10065

About 540 Park Avenue, New York

How many square feet does 540 Park Avenue, New York, NY 10065 have?

This Luxury Hotel (H1) located at 540 Park Avenue, New York, NY 10065 has a total of 268,467 square feet.

What is the year built & the current market value of 540 Park Avenue, New York, NY 10065?

540 Park Avenue, New York, NY 10065 was built in 1962 and has a current tax assessor's market value of $129,473,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 540 Park Avenue, New York

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Property owner name for 540 Park Avenue, New York, NY 10065
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Building contacts for 540 Park Avenue, New York, NY 10065
Building management:
Representatives (from permits):
Tenants:


Real Estate Reports:
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Past Sales & Property History for 540 Park Avenue, New York

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No recorded sales for this property.

Title Documents for 540 Park Avenue, 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
01/01/2017 - D
01/06/2017 - R
Both RPTT and RETT
(2016121401396001)
01/01/2017 - D
01/06/2017 - R
Lease
(2016121401383001)
01/11/1999 - R Satisfaction of mortgage
(1110006410611)
01/11/1999 - R Sundry agreement
(1870006410887)
08/24/1988 - R Assignment, mortgage
(1190000264019)
07/08/1986 - R Easement
(1010000146301)
06/18/1968 - R Agreement
(1000008691800)
06/17/1968 - R Assignment, mortgage
(1130008691713)
06/17/1968 - R Mortgage
(1120008691712)
06/17/1968 - R Lease
(1110008691711)
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R: Recorded date
D: Document date

Property Taxes for 540 Park Avenue, New York

Access detailed property tax data for 540 Park Avenue, New York, NY 10065. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2024-2025
Property tax: $5,970,599
Estimated property tax: $5,933,989
Tax assessor's market value: $129,473,000
Assessed value: $58,262,850

Assessment History for 540 Park Avenue, New York

Here's the assessment & property tax history for 540 Park Avenue, 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
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%

Permits for 540 Park Avenue, New York

The complete history of permits filed for 540 Park Avenue, 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
05/03/2023 Alteration
12/20/2022 Alteration
11/02/2021 Alteration
03/31/2021 Alteration
03/19/2021 Alteration
03/11/2021 Alteration type 2
03/11/2021 Alteration type 3
03/09/2021 Alteration
03/09/2021 Alteration type 2
02/25/2021 Alteration type 2
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Manhattan Commercial Market Stats

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.

Median Price/Sqft Q4/2024
$670
1.7% YoY
Median Price/Sqft Q3/2024
$683
14.5% YoY
Median Price/Sqft 2024
$632
-2.8% 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 & 60th St at NW Corner
Station lines N-Q-R-4-5-6
Distance (miles) 0.137
View subway map
Bus Routes
Name Madison Av/E 60 St
Line M4
Distance (miles) 0.059

Neighbors for 540 Park Avenue, New York

Here are the neighbors for 540 Park Avenue, New York, NY 10065.

Address Square feet Purchase date Purchase price
40 E 62nd St, New York 40,224
33 E 61st St, New York 10,840 09/06/2001
21 E 61st St, New York 237,003 05/21/2024
11 E 61st St, New York 12,445
36 E 62nd St, New York 16,237
29 E 61st St, New York 15,918 09/20/2010 $21,000,000
16 E 62nd St, New York 10,000 01/09/1995
800 5th Ave, New York 355,978 07/07/1976
12 E 62nd St, New York 9,640 12/27/1994
27 E 61st St, New York 9,350 10/23/2014 $19,250,000
673 Madison Ave, New York 9,320 03/31/2009
34 E 62nd St, New York 7,810 07/24/2015 $11,950,000
30 E 62nd St, New York 163,787
18 E 62nd St, New York 7,632 12/27/1994
14 E 62nd St, New York 9,705 01/09/1995
660 Madison Ave, New York 501,593
15 E 61st St, New York 8,580 02/08/1966
550 Park Ave, New York 156,390 04/15/2009 $75,000
52 E 62nd St, New York 13,908
675 Madison Ave, New York 7,109 01/01/2014
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