# 231 East 51st Street, Manhattan

Commercial · built c. 1920 · Block 1325, Lot 17.

On Umarelli: https://umarelli.org/nyc/1013250017/231-east-51-street

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

## 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.

## Recent sales

- Dec 29, 2017: $22,050,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

## In the news

[231 East 51st Street Nears Completion in Turtle Bay, Manhattan](https://newyorkyimby.com/2022/06/231-east-51st-street-nears-completion-in-turtle-bay-manhattan.html), New York YIMBY, Jun 6, 2022.

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