231 East 51st Street, Manhattan
Commercial · built c. 1920 · Block 1325, Lot 17.
Building permits
- Alteration, filed Feb 22, 2022, estimated cost $98K, described as “Sidewalk vault restoration project. No chance in use, egress or occupancy.”
- Alteration, filed Oct 21, 2021, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Feb 26, 2021, estimated cost $5K, described as “Installation of a temporary construction fence as per plans”
- Alteration, filed Jan 11, 2021, estimated cost $11K, described as “Installation of temporary roof protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 11, 2021, estimated cost $58K, described as “Installation of temporary overhead protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 14, 2019, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 14, 2019, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 16, 2019, estimated cost $5K, described as “Installation of pipe scaffold & needle beam as per plans . All equipment shall comply with chapter #33 of the 2014 code no change to use, egress or occupancy under this application.”
- Alteration, filed Aug 13, 2018, estimated cost $5K, described as “Installation of a temporary construction fence as per plans with conjunction with alt.2 DOB bis # 123582293. No change in use, egress or occupancy. Fence shall comply with 2014 NYC building code, chapter 33.”
Property taxes
- Assessment
- $4,485,150
- 2026–27 tax
- $236,467
- Market value (city estimate)
- $9,967,000
- Taxable value
- $3,731,040
- Assessed land
- $900,000
- Assessed improvements
- $3,585,150
Tax breaks
- ICAP abatement, through Jun 30, 2034, a $168,276 credit this tax year.
Zoning
R8B: floor area ratio 5.05 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 29, 2017: $22,050,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
231 East 51st Street Nears Completion in Turtle Bay, Manhattan, New York YIMBY, Jun 6, 2022.