348 West 48th Street, Manhattan
Co-op · 10 units · built c. 1920 · Block 1038, Lot 56.
Building permits
- Alteration, filed Apr 30, 2025, estimated cost $170K, described as “Renovation of an existing apartment #2W on the second floor. work to include non-structural demolition and general construction work as per plans filed herewith. No change to use, egress or occupancy.”
Property taxes
- Assessment
- $2,171,700
- 2026–27 tax
- $17,530
- Market value (city estimate)
- $4,826,000
- Taxable value
- $140,930
- Assessed land
- $449,100
- Assessed improvements
- $1,722,600
Tax breaks
- Article XI exemption, through Jun 30, 2029, about $252,607 a year below the full tax.
Zoning
R8: floor area ratio 3.83 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 10, 2024: $450,000
- Oct 19, 2022: $545,000
- Dec 16, 2021: $575,000
- Apr 26, 2016: $465,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 348-50 W48TH ST (City Planning P1985M0262): Completed, decided May 2, 1985. LDA-DISPO 'AS IS' OF 5 STORY OLD LAW WALK-UP BLDGS W/10*RESDL UNITS TO AN ARTICLE XI HDFC. BLDG IS NOW IN THE DAMP*REHAB