# 242 East 71st Street, Manhattan

Vacant land · Block 1425, Lot 128.

On Umarelli: https://umarelli.org/nyc/1014250128/242-east-71-street

More construction in Upper East Side: https://umarelli.org/nyc/manhattan/upper-east-side.md

## Building permits

- New Building — Tower, filed Jan 24, 2022, estimated cost $25.0M, 50 units, 22 stories, described as “NB filed to construct a new 23 story with cellar mixed use building of residential and commercial uses.”
- Alteration, filed May 27, 2026, estimated cost $1K, described as “Installation of dual personnel hoist in accordance with nycc 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Feb 12, 2026, described as “Filing for construction fence.”
- Alteration, filed Jun 12, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and medium duty pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of…”
- Alteration, filed Jun 2, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and medium duty pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of…”
- Alteration, filed Jun 2, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and medium duty pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of…”
- Alteration, filed Jun 2, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and medium duty pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of…”
- Alteration, filed Jun 2, 2025, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and medium duty pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of…”
- Alteration, filed May 21, 2025, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
- Alteration, filed May 21, 2025, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
- Alteration, filed May 21, 2025, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
- Alteration, filed May 21, 2025, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
- Alteration, filed May 21, 2025, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
- Demolition, filed Dec 31, 2024, estimated cost $40K, described as “Full demolition to a five story building”
- Demolition, filed Dec 31, 2024, estimated cost $40K, described as “Full demolition to a five story building”
- Demolition, filed Dec 31, 2024, estimated cost $40K, described as “Full demolition to a five story building”
- Demolition, filed Dec 31, 2024, estimated cost $40K, described as “Full demolition to a five story building”
- Demolition, filed Dec 31, 2024, estimated cost $40K, described as “Full demolition to a five story building”
- Alteration, filed Mar 22, 2023, estimated cost $2K, described as “Minor interior demolition of non-load bearing partitions and related fixtures to address Violations # 35665905Z; 35665904R; 35665903P. Non-permitted work is being removed No change to use, egress or occupancy.”
- Alteration, filed Feb 13, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 13, 2022, estimated cost $42K, described as “Interior alterations to apt 5N (5TH floor). Partitions, cabinets and finishes. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2022, estimated cost $1K, described as “Foundation in conjunction M00665110”
- Alteration, filed Apr 7, 2021, estimated cost $8K, described as “Replacement of commercial kitchen cooking ventilation system at existing restaurant as per plans submitted herewith. Interior hood, exhaust duct and upblast fan replacement. No other work to be done. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $2,422,800
- 2026–27 tax: $185,165
- Market value (city estimate): $5,384,000
- Taxable value: $1,706,907
- Assessed land: $2,422,800

## Zoning

C1-9: floor area ratio 0.00 built, 10.00 allowed by base zoning.

## Recent sales

- Feb 4, 2025: $41,600,000, sold with other lots

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

[Excavation Progresses for RAMSA’s 242 East 71st Street on Manhattan’s Upper East Side](https://newyorkyimby.com/2026/06/excavation-progresses-for-ramsas-242-east-71st-street-on-manhattans-upper-east-side.html), New York YIMBY, Jun 24, 2026.

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