# 12 East 48th Street, Manhattan

Condominium · built 2017 · Block 1283, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1012837501/12-east-48-street

More construction in Midtown: https://umarelli.org/nyc/manhattan/midtown.md

## 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.

## 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.

## Flood zone

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

## 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](https://newyorkyimby.com/2021/05/the-central-at-5th-completes-construction-at-12-east-48th-street-in-midtown-east-manhattan.html), New York YIMBY, May 15, 2021.

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