# 545 West 48th Street, Manhattan

Condominium · 109 units · built 2013 · Block 1077, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1010777501/545-west-48-street

More construction in Hell's Kitchen: https://umarelli.org/nyc/manhattan/hells-kitchen.md

Every lot on block 1077: https://umarelli.org/nyc/manhattan/1077.md

## Building permits

- Alteration, filed Nov 9, 2021, estimated cost $8K, described as “Install two (2) new showers, one (1) new tub, one (1) new lavatory basin and new one (1) toilet. Relocate one (1) washer, one (1) lavatory basin and one (1) toilet. Relocate one(1) sink and one (1) dishwasher. Remove two (2) gas stoves and…”
- Alteration, filed Jul 20, 2021, estimated cost $100K, described as “New Partitions, Finishes, Floors”

## Property taxes

- Assessment: $19,338,698
- 2026–27 tax: $1,824,499
- Market value (city estimate): $42,974,868
- Taxable value: $14,823,978
- Assessed land: $6,693,304
- Assessed improvements: $12,645,394
- Condo units with their own tax lots: 110

## Tax breaks

- 421-a exemption, through Jun 30, 2027, about $410,570 a year below the full tax.

## Zoning

R8: floor area ratio 4.30 built, 6.02 allowed by base zoning.

## Recent sales

- Sep 2, 2026: $1,180,000, Apt 406N
- Aug 27, 2026: $960,000, Apt 608N
- Aug 7, 2026: $1,915,000, Apt PH3N
- Jul 14, 2026: $850,000, Apt 306S
- Jan 28, 2026: $1,250,000, Apt 503N
- Dec 12, 2025: $2,000,000, Apt PH6N
- Oct 31, 2025: $680,000, Apt 410N
- Oct 9, 2025: $640,000, Apt 407N
- May 30, 2025: $800,000, Apt 607S
- Dec 30, 2024: $885,000, Apt 206S

The 10 most recent of 45 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology