Manhattan  »  10012  »  Lafayette St  »  242 Lafayette St

Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 - Property report

Also known as: 242 Lafayette St

Property image for Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012
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Property type

Elevator Co-op Building Conversion From Loft/Warehouse (XD0)

Year built

1910

Lot sq. ft.

3,375

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
Building name
Work of Arts Lofts
Primary address
Work of Arts Lofts - 242 Lafayette Street
Alternate address(es)
242-244 Lafayette St
ZIP code
10012
Neighborhood
SoHo
Borough
Manhattan
Block & lot
00496-0030

Owner

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Building
Property type
Elevator Co-op Building Conversion From Loft/Warehouse (XD0)
Building sq. ft.
14,961
Building dimensions
56 ft x 56 ft
Buildings on lot
1
Stories
5
Year built
1910
Last altered
1986
Building material
Tax
Tax year
2026-2027
Property tax
$321,757
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
56.08 ft x 65.67 ft
Lot sq. ft.
3,375

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
94 /100.  Biker's Paradise
School district
2
Community district
2
Closest police station
0.45 Miles
Closest fire station
0.02 Miles

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

Units for Work of Arts Lofts - 242 Lafayette Street, New York, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
Unit 1AB 12/23/2009
Unit 1N 10/31/2017
Unit 1S 10/31/2017
Unit 2N 06/06/2022
Unit 2S 06/17/2015 1,350
Unit 3N 09/02/2015 1,300
Unit 3S 03/03/2023
Unit 4N 03/18/2015
Unit 4S 12/09/2025 1,350
Unit 5N 06/29/2015
Unit 5S 05/07/2015
Unit RES
Ownership

Ownership information for Work of Arts Lofts - 242 Lafayette Street, 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 Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/25/2024 - R UCC3 Termination
(2024102500196001)		 XXXX XX XXX XXXX XXXX XXX XXXXXX XXXXXXX XXX XXXXXXXXXXXX XXX
04/26/2024 - R Initial UCC1
(2024042400168001)		 XXXX XX XXX XXXX XXXX XXX XXXXXX XXXXXXX XXX XXXXXXXXXXXX XXX
03/04/2019 - R
02/21/2019 - D		 Asgn of Asgn of L&R
(2019030101101016)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
03/04/2019 - R
02/21/2019 - D		 Assignment, Mortgage
(2019030101101015)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
01/14/2019 - R
12/13/2018 - D		 Termination of Assign of L&R
(2018121900721010)		 X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXX XX XXX XXXX XXXX
01/14/2019 - R
12/13/2018 - D		 Satisfaction of Mortgage
(2018121900721009)		 XXXX XX XXX XXXX XXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX
01/14/2019 - R
12/13/2018 - D		 Asgn of Asgn of L&R
(2018121900721008)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
01/14/2019 - R
12/13/2018 - D		 Assignment, Mortgage
(2018121900721007)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX X X
01/14/2019 - R
12/13/2018 - D		 Assignment of Leases and Rents
(2018121900721006)		 XXXX XX XXX XXXX XXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX
01/14/2019 - R
12/13/2018 - D		 Mortgage
(2018121900721005)		 XXXX XX XXX XXXX XXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Work of Arts Lofts - 242 Lafayette Street, 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
$321,757
Municipal exemptions
Recent tax assessments
Market value
$7,701,000
Assessed value
$3,465,450

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 $7,304,000 $3,286,800 $2,730,000 12.439% $339,585 $315,697 -4.53%
2024/25 $6,847,200 $3,081,240 $2,645,395 12.5% $330,674 $330,674 +7.98%
2023/24 $5,706,000 $2,567,700 $2,449,440 12.502% $306,229 $306,229 +10.07%
2022/23 $6,181,000 $2,781,450 $2,268,000 12.267% $278,216 $278,216 +2.19%
2021/22 $4,945,000 $2,225,250 $2,225,250 12.235% $272,259 $272,259 +2.73%
2020/21 $4,801,000 $2,160,450 $2,160,450 12.267% $265,022 $265,022 +45.02%
2019/20 $4,460,000 $2,007,000 $1,734,390 10.537% $182,753 $182,753 +8.80%
2018/19 $4,049,000 $1,822,050 $1,597,590 10.514% $167,971 $167,971 +8.43%
2017/18 $3,979,000 $1,790,550 $1,473,390 10.514% $154,912 $154,912 +7.65%
2016/17 $3,477,000 $1,564,650 $1,360,890 10.574% $143,901 $143,901 +7.31%
Permits

Permit information for Work of Arts Lofts - 242 Lafayette Street, New York, NY

Filing date Job type Job status Job description Initial cost
03/26/2026 Alteration
09/19/2025 Alteration
09/11/2025 Alteration
09/08/2025 Alteration
07/11/2025 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
04/23/2019 E-elevator elevatorrequired
04/16/2018 E-elevator elevatorrequired
04/12/2017 E-elevator

*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
Lafayette St & Spring St at NW Corner
Station lines
6
Distance (miles)
0.031
View subway map

Access the detailed traffic volume map for Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 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 Work of Arts Lofts - 242 Lafayette Street, New York, NY

63 Spring St, New York 75 Spring St, New York 246 Lafayette St, New York 62 Prince St, New York 238 Lafayette St, New York 530 Broadway, New York 250 Lafayette St, New York 91 Crosby St, New York 540 Broadway, New York 97 Crosby St, New York 65 Spring St, New York 101 Crosby St, New York 248 Lafayette St, New York 240 Lafayette St, New York 95 Crosby St, New York 73 Spring St, New York 70 Prince St, New York 254 Lafayette St, New York 68 Prince St, New York

Nearby ZIP codes for Work of Arts Lofts - 242 Lafayette Street, New York, NY

10001, New York City, NY 10002, New York City, NY 10003, New York City, NY 10005, New York City, NY 10006, New York City, NY 10007, New York City, NY 10009, New York City, NY 10010, New York City, NY 10011, New York City, NY 10013, New York City, NY 10014, New York City, NY 10016, New York City, NY 10038, New York City, NY 10119, New York City, NY 10271, New York City, NY 10278, New York City, NY 10279, New York City, NY 10280, New York City, NY 10282, New York City, NY

Frequently asked questions

What is the year built for Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012?

The development at Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 was built in 1910.

What is the total square footage of Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012?

Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 has a total of 14,961 square feet.

What is the assessed value of Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012?

Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 is currently assessed at $3,465,450.

What are the property taxes for Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012?

The property taxes for Work of Arts Lofts - 242 Lafayette Street, New York, NY 10012 total $339,584.

How many residential units does this building have?

This building has 8 residential unit(s).

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