539 West 28 Street
Analysis
The building shows solid financial metrics and compliance, but the anomalous $10 sale price and high complaint count warrant caution before investing.
The good
- No open violations and no penalties, indicating clean compliance history
- Low assessed risk as designated by the data
- Market value ($193,715,000) more than double the assessed value, suggesting strong valuation
- Modern construction (built in 2013) with 31 floors and large average unit size (1,007 sq ft)
The bad
- Last recorded sale price of $10 and no arm's‑length sale, creating uncertainty about true market price
- Large number of complaints (428) may signal resident dissatisfaction despite lack of formal violations
- Unused buildable square footage (519,670 sq ft) cannot be added to the building, limiting future expansion
Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.
What the numbers say
Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.
Unused development capacity on the lot
Built floor-area ratio is 5.79 against a permitted 10.00, leaving 4.21 of unused ratio — roughly 519,670 sq ft of buildable area on a lot of 123,437 sq ft. Treat that as a ceiling under the floor-area rules, not a plan: height limits, setbacks, lot coverage, landmark status and sitting tenants can each reduce it, in some cases to nothing.
No open violations on record
Nothing is currently outstanding against this property. Closed violations are not counted here — a violation that was raised and then fixed is a problem that went away, and an older building will have accumulated many of them. What matters is what is still open, and here that is nothing.
No arm's-length sale on record
The last recorded transfer is dated 16 Apr 2010 at a recorded price of $10. Transfers between related parties, estate settlements and corrective filings are legitimately recorded at nominal amounts, so this is neither an error nor a bargain — it means there is no usable sale price here, and every ratio derived from one (price per unit, price against assessed value) is therefore withheld rather than shown as zero.
Assessed value trend
Assessed value has risen 6.0% across the 5 assessment years on record (2023 to 2027), standing at $87,171,750. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.
Development & zoning
Floor-area ratio
| Built | 5.79 |
|---|---|
| Residential limit | 7.52 |
| Commercial limit | 6.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | 4.21 |
| Unused buildable area | 519,670 sq ft |
| Lot area | 123,437 sq ft |
Value & taxes
Assessment
| Assessed total | $87,171,750 |
|---|---|
| Assessed land | $20,996,550 |
| Assessed building | $66,175,200 |
| Market value on record | $193,715,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $87,171,750 |
| Tax rate | 12.502% |
| Estimated annual levy | $10,898,212.19 |
| Tax exemption (assessed value) | 421-a — $84,524,494 (through 2037) |
The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.
Assessed value by year
| Year | Assessed value | Change |
|---|---|---|
| 2027 | $87,171,750 | — |
| 2026 | $88,125,750 | -1.1% |
| 2025 | $87,785,550 | +0.4% |
| 2024 | $86,252,850 | +1.8% |
| 2023 | $82,266,300 | +4.8% |
Building & occupancy
Structure
| Year built | 2013 |
|---|---|
| Floors | 31 |
| Building area | 715,058 sq ft |
| Residential area | 642,548 sq ft |
| Commercial area | 72,510 sq ft |
Occupancy
| Total units | 712 |
|---|---|
| Residential units | 710 |
| Rent-stabilized | 710 |
| Storefronts | 1 |
| Residential Avg unit size | 905 sq ft (calculated) |
| Commercial Avg unit size | 36,255 sq ft (calculated) |
| Building class | D8 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | 34 St-Hudson Yards (7) — 0.29 mi |
|---|---|
| School district | 2 |
| Police precinct | 10 |
| Nearest firehouse | Engine 34/Ladder 21 — 440 West 38th Street |
Location risk
| Flood zone | Moderate — 0.2% annual chance (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 2 |
| Projected floodplain | In the projected 2050s floodplain |
| Environmental restriction | Hazardous materials, air quality, noise |
| Cleanup site | Environmental cleanup site (completed) |
| Evictions on record | 15 (most recent 2026) |
Building compliance
| Facade | Repairs required |
|---|
Energy & emissions
| Energy grade | B |
|---|---|
| Energy use intensity | 60.6 kBtu/ft² |
| Greenhouse-gas emissions | 3,146 metric tons/yr |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 522 West 29 Street, 3b | 2026-03-23 | $4,275,000 | — | — |
| 550 West 29th Street, 9a | 2025-11-25 | $2,850,000 | — | — |
| 550 West 29th Street, Cu-1 | 2025-10-15 | $2,025,000 | — | — |
| 522 West 29th Street, 1a | 2025-08-27 | $4,400,000 | — | — |
| 522 West 29 Street, 3a | 2024-12-10 | $4,750,000 | — | — |
| 522 West 29th Street, 1c | 2023-09-26 | $5,840,000 | — | — |
| 522 West 29th Street, 7b | 2023-05-12 | $8,800,000 | — | — |
| 522 West 29th Street, 7c | 2023-05-12 | $8,800,000 | — | — |
Record activity
Compliance calculated
| Open violations | 0 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $0.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 440 |
|---|---|
| Permits / alterations | 117 |
| Recorded documents | 55 |
| Legal proceedings | 0 |
Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.
Ownership & last recorded sale
Owner of record
| Owner | East Side 11th & 28th LLC |
|---|---|
| Parcel | 1007000009 |
| Block | 700 |
| Lot | 9 |
| Mortgage on record | $60,000,000 (2021) — John Hancock Life Insurance Company (u.s.a.) |
| Fixture liens | 2 active fixture liens |
Last recorded transfer
| Date | 16 Apr 2010 |
|---|---|
| Recorded price | $10 |
| Price per unit | Not meaningful |
| Price vs assessed | Not meaningful |
Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
| Date | Problem | Type | Status | Closed |
|---|---|---|---|---|
| 7 Aug 2026 | Trash | Dirty Condition | In Progress | — |
| 7 Aug 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 7 Aug 2026 |
| 6 Aug 2026 | Chronic Dumping | Illegal Dumping | Closed | 7 Aug 2026 |
| 3 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 4 Aug 2026 |
| 3 Aug 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 3 Aug 2026 |
| 3 Aug 2026 | Waste Set Out Too Early or Too Late | Residential Disposal Complaint | Closed | 6 Aug 2026 |
| 30 Jul 2026 | Waste Set Out Too Early or Too Late | Residential Disposal Complaint | Closed | 3 Aug 2026 |
| 28 Jul 2026 | N/A | Encampment | Closed | 28 Jul 2026 |
| 28 Jul 2026 | Chronic Dumping | Illegal Dumping | Closed | 30 Jul 2026 |
| 27 Jul 2026 | Cone | Obstruction | Closed | 31 Jul 2026 |
| 27 Jul 2026 | Cone | Obstruction | Closed | 31 Jul 2026 |
| 26 Jul 2026 | Cone | Obstruction | Closed | 31 Jul 2026 |
| 13 Jul 2026 | Dumpster - Construction Waste | Street Condition | Closed | 16 Jul 2026 |
| 10 Jul 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 11 Jul 2026 |
| 8 Jul 2026 | Engine Idling | Noise - Vehicle | Closed | 8 Jul 2026 |
| 8 Jul 2026 | Banging/Pounding | Noise - Residential | Closed | 8 Jul 2026 |
| 23 Jun 2026 | Chronic Speeding | Traffic | Closed | 23 Jun 2026 |
| 17 Jun 2026 | Work Without A Permit - Occupied Multiple Dwelling | Real Time Enforcement | Closed | 17 Jun 2026 |
| 17 Jun 2026 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 22 Jun 2026 |
| 13 Jun 2026 | N/A | Encampment | Closed | 14 Jun 2026 |
| 13 Jun 2026 | N/A | Encampment | Closed | 13 Jun 2026 |
| 12 May 2026 | Dirty Water (WE | Water System | Closed | 12 May 2026 |
| 10 May 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 11 May 2026 |
| 2 May 2026 | Car/Truck Horn | Noise - Commercial | Closed | 2 May 2026 |
| 25 Apr 2026 | Loud Talking | Noise - Street/Sidewalk | Closed | 25 Apr 2026 |
| 23 Apr 2026 | Bag/Wallet | Lost Property | Closed | 24 Apr 2026 |
| 18 Apr 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 20 Apr 2026 |
| 14 Apr 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 15 Apr 2026 |
| 10 Apr 2026 | Blocked Hydrant | Illegal Parking | Closed | 10 Apr 2026 |
| 28 Mar 2026 | Blocked Hydrant | Illegal Parking | Closed | 29 Mar 2026 |
| 25 Mar 2026 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 28 Mar 2026 |
| 23 Mar 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 27 Mar 2026 |
| 21 Mar 2026 | Blocked Hydrant | Illegal Parking | Closed | 21 Mar 2026 |
| 20 Mar 2026 | Noise | Sanitation Worker or Vehicle Complaint | Closed | 20 Mar 2026 |
| 16 Mar 2026 | Blocking Sidewalk or Street | Dumpster Complaint | Closed | 20 Mar 2026 |
| 13 Mar 2026 | Noise: Private Carting Noise (NQ1 | Noise | Closed | 18 Mar 2026 |
| 13 Mar 2026 | Banging/Pounding | Noise - Commercial | Closed | 13 Mar 2026 |
| 12 Mar 2026 | Blocked Hydrant | Illegal Parking | Closed | 12 Mar 2026 |
| 10 Mar 2026 | Noise: Manufacturing Noise (NK1 | Noise | Closed | 14 Mar 2026 |
| 6 Mar 2026 | Loud Music/Party | Noise - Commercial | Closed | 7 Mar 2026 |
| 28 Feb 2026 | Blocked Hydrant | Illegal Parking | Closed | 28 Feb 2026 |
| 20 Feb 2026 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 5 Mar 2026 |
| 7 Feb 2026 | Blocked Hydrant | Illegal Parking | Closed | 7 Feb 2026 |
| 6 Feb 2026 | Small uncovered dumpster | Dumpster Complaint | Closed | 11 Feb 2026 |
| 6 Feb 2026 | Removal Request | Illegal Dumping | Closed | 9 Feb 2026 |
| 4 Feb 2026 | Blocked Hydrant | Illegal Parking | Closed | 5 Feb 2026 |
| 29 Jan 2026 | Blocked Hydrant | Illegal Parking | Closed | 30 Jan 2026 |
| 27 Jan 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 27 Jan 2026 |
| 25 Jan 2026 | Blocked Hydrant | Illegal Parking | Closed | 25 Jan 2026 |
| 11 Jan 2026 | Blocked Hydrant | Illegal Parking | Closed | 11 Jan 2026 |
Showing the 50 most recent of 150. The full set is available in the interactive report.
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
| Issued | Type | Status | Work |
|---|---|---|---|
| 16 Jun 2026 | General Construction | Signed-off | INSTALLATION OF TEMPORARY STAGE FOR TPA APPLICATION M01409881-I1. NO PENETRATION OF ANY KIND TO THE BUILDING OR FLOOR NO CHANGE TO USE, EGRESS OR OCCUPANCY |
| 22 Jan 2026 | Suspended Scaffold | Permit Issued | INDUSTRIAL ROPE ACCESS FOR FACADE INSPECTIONS |
| 15 May 2025 | General Construction | Signed-off | Temporary Installations to be used on a temporary event Leaders in Sport. All the Installations are to be removed upon completion of the event |
| 14 Jan 2025 | A1 | ISSUED | — |
| 12 Nov 2024 | General Construction | Signed-off | Temporary Installation to be used on a temporary event Target wonderland 2024. All the installations are to be removed upon completion of the event |
| 14 May 2024 | General Construction | Signed-off | Temporary Installation to be used on a temporary event Leaders in Sport. All the installations are to be removed upon completion of the event |
| 22 Feb 2024 | Antenna | Signed-off | Dish - Installation of new telecommunication antenna sectors, GPS & equipment cabinet on a related pavers on roof. Installation of conduits&service room connection as per plans. All work is in compliance with 5/98. No change in use, egress or occupancy |
| 6 Dec 2023 | General Construction | Signed-off | Temporary Installations to be used on a temporary event Match Group End of Year Party. All the Installations are to be removed upon completion of the event |
| 16 Nov 2023 | Plumbing | Signed-off | HEREWITH FILING FOR MINOR REPAIRS AND REFINISHING OF EXISTING ROOF TERRACE. SCOPE TO INCLUDE INSTALLATION OF TWO (2) NEW BBQ GRILLS AND ASSOCIATED GAS PIPE. NO CHANGE OF USE, OCCUPANCY OR EGRESS |
| 9 Nov 2023 | General Construction | Signed-off | Temporary structures for for a Sony event. Removed at the end of the programing. No changes to existing structures, use or egress |
| 27 Oct 2023 | General Construction | Signed-off | Temporary Installation to be used on a temporary event Advancing Black Pathways. All the Installations are to be removed upon completion of the event |
| 11 Oct 2023 | General Construction | Signed-off | HEREWITH FILING FOR MINOR REPAIRS AND REFINISHING OF EXISTING ROOF TERRACE. SCOPE TO INCLUDE INSTALLATION OF TWO NEW BBQ GRILLS AND ASSOCIATED GAS PIPE. NO CHANGE OF USE, OCCUPANCY OR EGRESS |
| 1 Sep 2023 | General Construction | Signed-off | Temporary Installation to be used on a temporary event The Lean Mindset (GE Upfront). All the Installations are to be removed upon completion of the event |
| 11 May 2023 | General Construction | Signed-off | Temporary Installations to be used on a temporary event Focus Art Fair NY. All the installations are to be removed upon completion of the event |
| 2 May 2023 | General Construction | Signed-off | Temporary Installation to be used on a temporary event GitHub Galaxy Conference All the installations are to be removed upon completion of the event |
| 17 Apr 2023 | General Construction | Signed-off | Temporary Installations to be used on a temporary event The PHM HealthFront 2023. All the Installations are to be removed upon completion of the event |
| 6 Feb 2023 | General Construction | Signed-off | Temporary structures for the Chelsea Industrial event. All structures are to be removed upon completion of the event |
| 17 Nov 2022 | General Construction | Signed-off | Temporary Installation located on the ground floor for a temporary event Bat Mitzvah. All the installations are to be removed upon completion of the event |
| 11 Oct 2022 | General Construction | Signed-off | Respectfully request a waiver for the Installation to be used on the temporary event The knot Worldwide gala 2022. All the Installations are to be removed upon completion of the event |
| 9 Sep 2022 | General Construction | Signed-off | Installation of Temporary Stage and Temporary Finishes for special event |
| 16 Aug 2022 | Mechanical Systems | Signed-off | Installation of ducted split Air AC Unit evaporator in Cellar and condenser on Roof |
| 21 Jun 2022 | General Construction | Signed-off | Temporary Structure application for Coinbase NFT.NYC Future Market event. All installation shall be removed upon completion of the event |
| 18 Apr 2022 | General Construction | Signed-off | ALT 2 FILED HEREWITH FOR MINOR INTERIOR ALTERATION OF MATRIX FITNESS ON FIRST FLOOR. NO CHANGE OF USE, OCCUPANCY OR EGRESS |
| 6 Oct 2021 | Mechanical Systems | Signed-off | FILING MECHANICAL WORK FOR COGEN MODIFICATION. WORK TO INCLUDE REPLACEMENT OF COGEN FAN, DUCTWORK AND ASSOCIATED PIPING, VALVES, DRAIN PAN, LEAK ALARM AND TRANSFER PUMP. (STANDALONE MECHANICAL FILING WITH NO RELATED FILINGS |
| 12 Aug 2021 | General Construction | Signed-off | NEW TEMPORARY INTERIOR PARTITIONS WITH HOLLOW METAL DOORS AND FRAMES AS PER PLANS |
| 14 May 2021 | Plumbing | Signed-off | HEREWITH FILING PLUMBING WORK FOR DOMESTIC WATER AND SANITARY WATER IN COMPLIANCE WITH a local law OF 2013 AND 2014 NYC BUILDING CODE SECTION 614.1, WHEREAS BUILDINGS ARE REQUIRED TO PROVIDE ALTERNATIVE POTABLE WATER ACCESS |
| 29 Jan 2021 | A2 | ISSUED | — |
| 4 Sep 2020 | Mechanical Systems | Signed-off | RECONFIGURE MECHANICAL HOT WATER SUPPLY/RETURN PIPING AS PER PLANS |
| 12 Nov 2019 | A3 | ISSUED | — |
| 28 Oct 2019 | A3 | ISSUED | — |
| 22 Oct 2019 | A3 | ISSUED | — |
| 7 Oct 2019 | A3 | ISSUED | — |
| 13 Aug 2019 | A3 | ISSUED | — |
| 6 Feb 2019 | A2 | ISSUED | — |
| 22 Aug 2018 | A2 | ISSUED | — |
| 25 Apr 2017 | A3 | ISSUED | — |
| 2 Feb 2016 | A2 | ISSUED | — |
| 20 Nov 2014 | A2 | ISSUED | — |
| 12 Aug 2014 | A3 | ISSUED | — |
| 25 Jul 2014 | A2 | ISSUED | — |
| 1 Jul 2014 | A3 | ISSUED | — |
| 18 Jun 2014 | A3 | ISSUED | — |
| 16 May 2014 | A2 | ISSUED | — |
| 29 Jan 2014 | SG | ISSUED | — |
| 29 Jan 2014 | SG | ISSUED | — |
| 29 Jan 2014 | SG | ISSUED | — |
| 16 Oct 2013 | A3 | ISSUED | — |
| 16 Oct 2013 | A3 | ISSUED | — |
| 30 Sep 2013 | A3 | ISSUED | — |
| 16 Sep 2013 | A3 | ISSUED | — |
Showing the 50 most recent of 117. The full set is available in the interactive report.
Recorded documents
Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.
| Recorded | Type | Amount | From | To |
|---|---|---|---|---|
| 16 Nov 2021 | Mortgage | $60,000,000 | — | — |
| 16 Nov 2021 | AL&R | $60,000,000 | — | — |
| 16 Nov 2021 | Agreement | — | — | — |
| 4 Jan 2019 | Agreement | — | — | — |
| 4 Jan 2019 | Agreement | — | — | — |
| 4 Jan 2019 | Assignment | — | — | — |
| 4 Jan 2019 | ASSTO | $297,750,000 | — | — |
| 4 Jan 2019 | Mortgage | $150,000,000 | — | — |
| 27 Dec 2018 | RPTT&RET | $607,120,000 | — | — |
| 26 Jun 2015 | SAGE | — | — | — |
| 10 Dec 2014 | Agreement | — | — | — |
| 24 Oct 2014 | Agreement | — | — | — |
| 5 Jun 2014 | SAGE | — | — | — |
| 7 Oct 2013 | Agreement | — | — | — |
| 27 Aug 2013 | SMIS | — | — | — |
| 25 Nov 2011 | Agreement | — | — | — |
| 25 Nov 2011 | Agreement | — | — | — |
| 23 Sep 2010 | ZONE | — | — | — |
| 10 Sep 2010 | CERT | — | — | — |
| 16 Apr 2010 | Deed | $10 | — | — |
| 21 May 2009 | RPTT&RET | — | — | — |
| 30 Jan 2009 | DEVR | $2,250,019 | — | — |
| 30 Jan 2009 | Agreement | — | — | — |
| 30 Jan 2009 | CERT | — | — | — |
| 10 Sep 2008 | DEVR | $2,462,000 | — | — |
| 10 Sep 2008 | SAGE | — | — | — |
| 10 Sep 2008 | CERT | — | — | — |
| 10 Sep 2008 | SAGE | — | — | — |
| 10 Sep 2008 | SAGE | — | — | — |
| 23 Jul 2008 | SMIS | — | — | — |
| 23 Jul 2008 | DEVR | $4,500,038 | — | — |
| 23 Jul 2008 | Agreement | — | — | — |
| 6 Mar 2008 | SAGE | — | — | — |
| 19 Feb 2008 | Agreement | — | — | — |
| 19 Feb 2008 | CERT | — | — | — |
| 19 Feb 2008 | DEVR | $5,770,000 | — | — |
| 8 Jan 2008 | CERT | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | CERT | — | — | — |
| 8 Jan 2008 | DEVR | $9,259,316 | — | — |
| 8 Jan 2008 | CERT | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | Agreement | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | SAGE | — | — | — |
| 8 Jan 2008 | CERT | — | — | — |
Showing the 50 most recent of 55. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 6 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.
This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.