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242 East 71st Street, New York, NY 10021 Property Information

242 East 71st Street, New York, NY 10021 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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242 East 71st Street, New York, NY 10021 2
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Address

Primary address 242 East 71st Street
Neighborhood Lenox Hill
Zip code 10021
Borough Manhattan
Block & lot 01425-0128

Sales & Tax Overview for 242 East 71st Street, New York

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

Purchase date 02/04/2025
Purchase price $41,600,000
Tax class
Estimated property tax $15,328

Lot & Building Information for 242 East 71st Street, New York

Lot sqft 2,812
Lot dimensions 28 ft x 100.42 ft
Building class Zoned Commercial or Manhattan Residential (V1)
Buildings on lot 1
Year last altered 2025
Status
Status date
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Zoning & Use for 242 East 71st Street, New York

Zoning

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 8
Closest police station 0.22 Miles
Closest fire station 0.20 Miles

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

Other Property Data for 242 East 71st Street, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 242 East 71st Street, New York, NY 10021, 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 242 East 71st Street, New York, NY 10021, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 242 East 71st Street, New York

What is the market value of 242 East 71st Street, New York, NY 10021?

The current market value is $3,010,000.

Ownership Information for 242 East 71st Street, New York

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Property owner name for 242 East 71st Street, New York, NY 10021
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Building contacts for 242 East 71st Street, New York, NY 10021
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 242 East 71st Street, New York

Create a free account to view the complete sales history for 242 East 71st Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
02/04/2025 $41,600,000
12/21/2007 $20,900,000
       
       
       
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Title Documents for 242 East 71st Street, 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
07/24/2025 - D
08/04/2025 - R
Zoning Lot Description
(2025073100575002)
07/08/2025 - D
08/04/2025 - R
Certificate
(2025073100575001)
02/10/2025 - R UCC3 Termination
(2025020601099012)
02/06/2025 - R Initial UCC1
(2025020600030001)
02/04/2025 - D
02/10/2025 - R
Termination of Assign of L&R
(2025020601099011)
02/04/2025 - D
02/10/2025 - R
Assignment of Leases and Rents
(2025020601099009)
02/04/2025 - D
02/10/2025 - R
Agreement
(2025020601099008)
02/04/2025 - D
02/10/2025 - R
Mortgage
(2025020601099007)
02/04/2025 - D
02/10/2025 - R
Assignment, Mortgage
(2025020601099006)
02/04/2025 - D
02/10/2025 - R
Deed
(2025020601099004)
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R: Recorded date
D: Document date

Property Taxes for 242 East 71st Street, New York

Access detailed property tax data for 242 East 71st Street, New York, NY 10021. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $143,675
Estimated property tax: $15,328
Tax assessor's market value: $3,010,000
Assessed value: $1,354,500

Assessment History for 242 East 71st Street, New York

Here's the assessment & property tax history for 242 East 71st 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 $3,010,000 $1,354,500 $1,324,440 12.439% $164,747 $164,747 -3.66%
2024/25 $3,239,000 $1,457,550 $1,368,090 12.5% $171,011 $171,011 +3.18%
2023/24 $2,946,000 $1,325,700 $1,325,700 12.502% $165,739 $165,739 +0.87%
2022/23 $3,060,000 $1,377,000 $1,339,470 12.267% $164,313 $164,313 +21.27%
2021/22 $2,461,000 $1,107,450 $1,107,450 12.235% $135,497 $135,497 -18.25%

Permits for 242 East 71st Street, New York

The complete history of permits filed for 242 East 71st 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.

Filing date Job type Job status Job description Initial cost
04/09/2026 New building
02/12/2026 Alteration
02/10/2026 New building
02/10/2026 New building
02/09/2026 New building
02/09/2026 New building
01/15/2026 Alteration type 3
12/18/2025 Alteration
12/18/2025 Alteration
09/29/2025 New building
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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 Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% 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 2nd Ave & 72nd St at SE Corner
Station lines Q
Distance (miles) 0.072
View subway map
Bus Routes
Name 2 Av/E 71 St
Line M15
Distance (miles) 0.023

Neighbors for 242 East 71st Street, New York

Here are the neighbors for 242 East 71st Street, New York, NY 10021.

Address Square feet Purchase date Purchase price
233 E 70th St, New York 96,564
203 E 71st St, New York 4,499 02/19/2014 $7,500,000
222 E 71st St, New York 25,398
233 E 69th St, New York 227,773
211 E 71st St, New York 5,460 10/08/2009 $7,000,000
213 E 71st St, New York 6,710 11/29/1978
243 E 71st St, New York 6,095 12/12/2012
228 E 71st St, New York 7,600 10/24/2008
1347 2nd Ave, New York 02/04/2025 $41,600,000
206 E 70th St, New York 8,405 09/16/1975
215 E 71st St, New York 12,644
217 E 70th St, New York 22,970 04/30/1976
207 E 71st St, New York 4,525 02/09/2021 $4,531,000
245 E 71st St, New York 2,250 06/28/2010 $4,900,000
253 E 71st St, New York 3,600 06/17/1996
249 E 71st St, New York 2,934 08/07/2017 $6,350,000
1343 2nd Ave, New York 02/04/2025 $41,600,000
230 E 71st St, New York 51,270 12/19/1979
1345 2nd Ave, New York 02/04/2025 $41,600,000
1341 2nd Ave, New York 7,475 02/04/2025 $10,400,000
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