Manhattan » 10029 » 1st Ave » 1954 1st Ave

1954 1st Avenue, New York, NY 10029 - Property report

Also known as: 1940 1st Ave

Property image for 1954 1st Avenue, New York, NY 10029

Property type

Elevator Apartment - Semi-Fireproof with Stores (D7)

Year built

1973

Lot sq. ft.

75,100

Sale price

$325,000,000

General information

Due to this address' parcel subdivisions, this property report may contain limited information. For the full range of property data, view the property report of each individual parcel.

Address

Primary address

1954 1st Avenue

Alternate address(es)

1940-1960 1st Ave
401-417 E 100th St

ZIP code

10029

Neighborhood

East Harlem

Borough

Manhattan

Block & lot

01694-0007

Building

Property type

Elevator Apartment - Semi-Fireproof with Stores (D7)

Building sq. ft.

414,144

Building dimensions

220 ft x 300 ft

Buildings on lot

Stories

Year built

1973

Building material

Sales

Sale date

10/23/2019

Sale price

$325,000,000 - M

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

323

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot sq. ft.

75,100

Area overview

Walk score

94 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

81 /100. Very Bikeable

School district

Community district

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

Ownership

Ownership information for 1954 1st Avenue, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 1954 1st Avenue, New York, NY 10029

Sale date	Sale price	Buyer name	Seller name
10/23/2019	$325,000,000	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXX XXXXX XXXXXXXX XXXXX XXX	XXXXX XX XXXXX XXXXXXXX XXX
10/22/2014	$178,147,948	XXXXX XX XXXXX XXXXXXXX XXX	XXXXX XXXXX XXXXXX, XXX
04/17/2007	$187,451,666	XXXXXX XXXXXXX XXXXXXX, XXX	XXXXX XXXXX XXXXXXXXXX, XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/07/2024 - R 05/30/2024 - D	Declaration (2024060700193001)	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXX
05/20/2024 - R	UCC3 Continuation (2024051500370001)	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXX	XXXXXX XXX
04/23/2021 - R 03/30/2021 - D	Agreement (2021041900480002)	XXX XXXX XX XXX XXXX	XXXXX XXXXX XXXX XX
04/23/2021 - R 10/26/2020 - D	Agreement (2021041900480003)	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX XXXX	XXX XXXX XX XXX XXXX
11/21/2019 - R 11/13/2019 - D	Satisfaction of Mortgage (2019110700911001)	XXXXX XX XXXXX XXXXXXXX XXX	XXXXXXXX X X XX XXXXXXX XXX XXX XXXXXXXXXX XXXXX
11/01/2019 - R	UCC3 Termination (2019102900366001)	XXXXX XX XXXXX XXXXXXXX XXX	XXXXXXXX X X XX XXXXXXX XXX XXX XXXXXXXXXX XXXX
10/29/2019 - R	Initial UCC1 (2019102800827007)	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX	XXXXXX XXX
10/29/2019 - R 10/23/2019 - D	Agreement (2019102800827009)	XXXX XX XXX XXXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
10/29/2019 - R 10/23/2019 - D	Agreement (2019102800827008)	XXXXX XXXXXXXX XXXXX XXXXXXX XXXXXXXXXXX XXXX	XXXX XX XXX XXXX
10/29/2019 - R 10/23/2019 - D	Assignment, Mortgage (2019102800827006)	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX	XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1954 1st 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

Municipal exemptions

Recent tax assessments

Market value

$50,252,000

Assessed value

$22,613,400

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	$48,509,000	$21,829,050	$0	12.439%	$2,398,875	$0	n/a
2024/25	$45,628,000	$20,532,600	$0	12.5%	$2,364,458	$0	n/a
2023/24	$44,038,000	$19,817,100	$0	12.502%	$2,315,519	$0	n/a
2022/23	$38,228,000	$17,202,600	$0	12.267%	$2,110,243	$0	n/a
2021/22	$37,876,000	$17,044,200	$0	12.235%	$2,085,358	$0	n/a
2020/21	$44,404,000	$19,981,800	$346,833	12.267%	$2,106,235	$42,546	-97.81%
2019/20	$41,245,000	$18,560,250	$15,610,140	12.473%	$1,947,053	$1,947,053	+8.62%
2018/19	$38,861,000	$17,487,450	$14,212,620	12.612%	$1,792,496	$1,792,496	+11.24%
2017/18	$33,985,000	$15,293,250	$12,669,030	12.719%	$1,611,374	$1,611,374	+9.22%
2016/17	$32,282,000	$14,526,900	$11,443,680	12.892%	$1,475,319	$1,475,319	+15.74%

Permits

Permit information for 1954 1st Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
06/02/2026	Alteration
12/05/2025	Alteration
12/05/2025	Alteration
08/29/2025	Alteration
02/26/2025	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
	05/03/2024	Bench-failure to benchmark none
	11/08/2019	Lblvio-low pressure boiler boiler required
	11/08/2019	Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

2nd Ave & 96th St at SW Corner

Station lines

Distance (miles)

0.316

View subway map

Access the detailed traffic volume map for 1954 1st Avenue, New York, NY 10029 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 1954 1st Avenue, New York, NY

510 Main St, New York 222 E 64th St, New York 224 E 49th St, New York 50 W 139th St, New York 151 W 118th St, New York 149 W 118th St, New York 120 W 60th St, New York 281 W 150th St, New York 1964 1st Ave, New York 60 W 130th St, New York 504 W 158th St, New York 3 E 75th St, New York 2461 2nd Ave, New York 163 W 228th St, New York 20 E 65th St, New York

Frequently asked questions

What is the year built for 1954 1st Avenue, New York, NY 10029?

The development at 1954 1st Avenue, New York, NY 10029 was built in 1973.

What is the market value of 1954 1st Avenue, New York, NY 10029?

The current market value of 1954 1st Avenue, New York, NY 10029 is $50,252,000.

What is the total square footage of 1954 1st Avenue, New York, NY 10029?

1954 1st Avenue, New York, NY 10029 has a total of 414,144 square feet.

What is the price per square foot for this property?

$784 per square foot is the price for 1954 1st Avenue, New York, NY 10029.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 6.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.