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242 East 116th Street, New York, NY 10029 Property Information

242 East 116th Street, New York, NY 10029 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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242 East 116th Street, New York, NY 10029 2
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Address

Primary address 242 East 116th Street
Secondary address 242-244 E 116th St
Neighborhood East Harlem
Zip code 10029
Borough Manhattan
Block & lot 01665-0031

Sales & Tax Overview for 242 East 116th Street, 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 $145,614

Lot & Building Information for 242 East 116th Street, New York

Lot sqft 4,340
Lot dimensions 43 ft x 100.92 ft
Building class Walk-up Apartment - Over Six Families with Stores (C7)
Building sqft 19,134
Building dimensions 43 ft x 88 ft
Buildings on lot 1
Stories 6
Year built 1910
Year last altered 1997
Construction type
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Zoning & Use for 242 East 116th Street, New York

Zoning
Residential units (DOF) 28
Commercial units 2
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 4
Community district 11
Closest police station 0.26 Miles
Closest fire station 0.23 Miles

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

Other Property Data for 242 East 116th 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 116th Street, New York, NY 10029, 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 116th Street, New York, NY 10029, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 242-244 E 116th St, New York, NY 10029

About 242 East 116th Street, New York

How many square feet does 242 East 116th Street, New York, NY 10029 have?

This Walk-up Apartment - Over Six Families with Stores (C7) located at 242 East 116th Street, New York, NY 10029 has a total of 19,134 square feet.

What is the year built & the current market value of 242 East 116th Street, New York, NY 10029?

242 East 116th Street, New York, NY 10029 was built in 1910 and has a current tax assessor's market value of $2,555,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 242 East 116th Street, New York

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Property owner name for 242 East 116th Street, New York, NY 10029
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Building contacts for 242 East 116th Street, New York, NY 10029
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 242 East 116th Street, New York

Create a free account to view the complete sales history for 242 East 116th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 242 East 116th 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
01/05/2016 - D
02/22/2016 - R
Deed
(2016020900873001)
07/13/2001 - D
05/01/2002 - R
Deed
(1840008365784)
11/14/1983 - R Assignment, Mortgage
(1860000045286)
10/31/1983 - D
11/14/1983 - R
Deed
(1850000045285)
05/19/1978 - R Assignment, Mortgage
(1540008590454)
11/14/1974 - R Deed
(1400008543040)
02/08/1972 - R Agreement
(1130008500313)
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R: Recorded date
D: Document date

Property Taxes for 242 East 116th Street, New York

Access detailed property tax data for 242 East 116th Street, New York, NY 10029. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $142,413
Estimated property tax: $145,614
Tax assessor's market value: $2,555,000
Assessed value: $1,149,750

Assessment History for 242 East 116th Street, New York

Here's the assessment & property tax history for 242 East 116th 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 $2,555,000 $1,149,750 $1,144,890 12.439% $142,413 $142,413 +5.23%
2024/25 $2,406,000 $1,082,700 $1,082,700 12.5% $135,338 $135,338 +5.51%
2023/24 $2,280,000 $1,026,000 $1,026,000 12.502% $128,271 $128,271 -14.33%
2022/23 $3,107,000 $1,398,150 $1,220,580 12.267% $149,729 $149,729 +14.60%
2021/22 $2,373,000 $1,067,850 $1,067,850 12.235% $130,651 $130,651 -8.51%

Permits for 242 East 116th Street, New York

The complete history of permits filed for 242 East 116th 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
03/18/2026 Alteration
10/09/2012 Alteration type 2
07/17/2007 Alteration type 2
06/11/2007 Alteration type 3
09/12/1996 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 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)
Hurricane evacuation zone: 4 (See more on map)

Transportation

Distance to Subway
Closest station Lexington Ave & 116th St at SE Corner
Station lines 6
Distance (miles) 0.19
View subway map
Bus Routes
Name E 116 ST/2 Av
Line M116
Distance (miles) 0.027

Neighbors for 242 East 116th Street, New York

Here are the neighbors for 242 East 116th Street, New York, NY 10029.

Address Square feet Purchase date Purchase price
234 E 116th St, New York 16,523 12/16/2016 $9,250,000
228 E 116th St, New York 17,123 12/16/2016 $8,725,000
239 E 115th St, New York 18,534 04/22/1992
226 E 116th St, New York 4,880 07/20/1977
2259 2nd Ave, New York 9,120 03/28/1980
2243 2nd Ave, New York 6,070 12/09/2019
232 E 116th St, New York 16,287 05/28/1993
2251 2nd Ave, New York 3,952 03/28/1980
235 E 115th St, New York 4,776 08/23/2019 $2,400,000
237 E 115th St, New York 16,778 06/25/1996
224 E 116th St, New York 3,444 07/11/2001
218 E 116th St, New York 3,258 01/23/1986
241 E 115th St, New York 16,778 06/25/1996
222 E 116th St, New York 3,312 02/23/2005
216 E 116th St, New York 5,269
2255 2nd Ave, New York 3,952 03/28/1980
2249 2nd Ave, New York 4,500 01/07/2003 $296,000
220 E 116th St, New York 3,312 05/04/2016 $600,000
238 E 116th St, New York 17,156 12/16/2016 $9,150,000
233 E 115th St, New York 5,464 12/12/1997
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