12 East 48th Street, Manhattan
Condominium · built 2017 · Block 1283, Lot 7501.
Building permits
- Alteration, filed Mar 31, 2025, estimated cost $210K, described as “Proposed conversion from vacate Retail Store to Eating and Drinking Establishment, including accessory use Mezzanine.”
- Alteration, filed Mar 14, 2025, estimated cost $41K, described as “Proposed Minor work at 1st Floor of existing building. No change to use, occupancy or egress under this application.”
- Alteration, filed Sep 6, 2023, estimated cost $36K, described as “Minor sidewalk penetrations for vent gooseneck installation as per drawings. No chance to use, egress or occupancy.”
- Alteration, filed Aug 31, 2023, estimated cost $14K, described as “Installation of gooseneck for gas meter room vent as per drawings. No change to use, egress or occupancy.”
- Alteration, filed Mar 13, 2023, estimated cost $77K, described as “Removing a slab to repitch a 10 feet piece of pipe. Installing new concrete slab as shown on drawings. No change to use, egress or occupancy.”
- Alteration, filed Oct 7, 2020, estimated cost $1K, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code.”
- Alteration, filed Feb 11, 2020, estimated cost $300, described as “Installation of non-illuminated sign to facade (the central at 5TH)”
- Alteration, filed Oct 19, 2018, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $22,263,750
- 2026–27 tax
- $2,122,081
- Market value (city estimate)
- $49,475,000
- Taxable value
- $19,561,959
- Assessed land
- $2,261,700
- Assessed improvements
- $20,002,050
- Condo units with their own tax lots
- 3
Zoning
C5-2.5: floor area ratio 36.90 built, above the 12.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 13, 2026: $23,100, Unit TIMEA
- Dec 19, 2023: $23,100, Unit TIMEA
- Aug 28, 2023: $2,088,000, Unit COMM
- May 23, 2023: $106,431, Unit TIMEA
- Mar 30, 2023: $517,063, Unit COMM
- Jan 31, 2023: $135,635,000, Unit TIMEA, sold with other lots
- Jul 26, 2021: $58,400,000, Unit TIMEA
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Appeal (Board of Standards and Appeals 2020-46-A): Appeal, Granted, filed May 26, 2020, decided Oct 19, 2020. Extension of Time to Complete Construction of a new building on the site as a new temporary certificate of occupancy for the entire building may not be obtained by January 31, 2021.
- Extension to finish construction (Board of Standards and Appeals 2019-270-BZY): Extension to finish construction, Granted, filed Sep 24, 2019, decided Dec 10, 2019. Application filed pursuance ZR §81-621, to establish the right to continue construction of a building containing a transient hotel and to renew building permits lawfully issued by the Department of Buildings (“DOB”), acting on New Building…
In the news
The Central At 5th Completes Construction at 12 East 48th Street in Midtown East, Manhattan, New York YIMBY, May 15, 2021.