# 205 East 42nd Street, Manhattan

Industrial condominium · built c. 1929 · Block 1316, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1013167501/205-east-42-street

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

## Building permits

- Alteration, filed Jun 17, 2026, estimated cost $100K, described as “Interior non-structural demolition as shown.”
- Alteration, filed Jun 8, 2026, estimated cost $20K, described as “Installation of (1) 10 ton package water cooled unit replacement on the exact same location at the 12th floor.”
- Major Renovation — Conversion, filed Apr 20, 2026, estimated cost $2.5M, 25 units added, 20 stories, described as “MPP Project-000000603. Filing for the conversion of the 15th floor from commercial to residential use as shown. All other floors are existing to remain as commercial and have no changes.”
- Alteration, filed Nov 18, 2025, described as “Suspended scaffold outrigger system for exterior facade restoration work and facade inspection at 205 east 42 street, manhattanny, ny 10017”
- No Work, filed Jun 6, 2025, described as “The ChaShaMa Gala 2025.”
- No Work, filed Jun 6, 2025, described as “The ChaShaMa Gala 2025.”
- No Work, filed Mar 6, 2025, described as “This project consists of a tpa for space for a banquet/lecture for 90 occupants and 105 staff working simultaneously in office, for a total of 195 occupants. Assembly will be contained to rooms 1305, 1306, 1307 & 1308.”
- No Work, filed Jun 5, 2024, described as “The Chashama Gala 2024”
- Alteration, filed May 16, 2024, estimated cost $55K, described as “Interior demolition to include removal of partitions and patching existing wall and floor finishes”
- Alteration, filed May 15, 2024, estimated cost $15K, described as “Sprinkler work during interior demolition on 14th floor.”
- Alteration, filed May 15, 2024, estimated cost $25K, described as “Mechanical work during interior demolition on 14th floor.”
- Alteration, filed Dec 18, 2023, described as “Renewal of SR23/0609”
- Alteration, filed Nov 17, 2023, estimated cost $248K, described as “General construction for CUNY space on floors 10 & 11.”
- Alteration, filed Nov 17, 2023, estimated cost $34K, described as “Mechanical work for demolition, relocation, and addition of ductwork and diffusers downstream of VAV for CUNY on floors 10 & 11”
- Alteration, filed Nov 17, 2023, estimated cost $13K, described as “Sprinkler work for CUNY on floors 10 & 11.”
- Alteration, filed Nov 13, 2023, estimated cost $441K, described as “Mechanical work for URI space on 13th floor”
- Alteration, filed Nov 2, 2023, estimated cost $91K, described as “Plumbing work for URI space on 13th floor”
- Alteration, filed Nov 1, 2023, estimated cost $1.4M, described as “General construction for URI space on 13th floor”
- Alteration, filed Nov 1, 2023, estimated cost $92K, described as “Sprinkler/standpipe work for URI space on 13th floor”
- Alteration, filed Aug 8, 2023, estimated cost $36K, described as “Interior demolition and construction for Cuny on 18th floor”
- Alteration, filed Aug 7, 2023, estimated cost $7K, described as “Mechanical work for CUNY on 18th floor”
- Alteration, filed Apr 28, 2023, estimated cost $245K, described as “Interior demolition on 13th floor”
- Alteration, filed Apr 27, 2023, estimated cost $15K, described as “Sprinkler work during interior demolition on 13th floor with installation of temp loop”
- Alteration, filed Apr 27, 2023, estimated cost $62K, described as “Demolition of existing floor mechanical systems back to core supply duct riser on 13th floor”
- Alteration, filed Apr 27, 2023, estimated cost $4K, described as “Plumbing work during interior demolition on 13th floor”

10 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1013167501/205-east-42-street.

## Property taxes

- Assessment: $61,059,228
- 2026–27 tax: $3,531,539
- Market value (city estimate): $135,687,167
- Taxable value: $40,062,845
- Assessed land: $18,630,076
- Assessed improvements: $42,429,152
- Condo units with their own tax lots: 32

## Zoning

C5-3: floor area ratio 14.60 built, 15.00 allowed by base zoning.

## Recent sales

- Nov 10, 2025: $11,347,216, Apt 203, sold with other lots
- Nov 10, 2025: $62,217,784, Apt 5, sold with other lots
- Nov 10, 2025: $15,000,000, Apt 55, sold with other lots
- Apr 4, 2023: $2,994,373, Apt 13
- Aug 31, 2021: $3,031,066, Apt 13

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

- Greater East Midtown - Special Subdistrict (City Planning P2016M0316): Completed, decided Aug 15, 2017. This is an application by NYC Department of City Planning requesting a text amendment to establish the East Midtown Subdistrict and extend the Special Midtown District, and to rezone a half-block area from C5-2 to C5-3 to reinforce the…

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