111 West 56th Street
Manhattan · Parcel 1010097502
530,395 sq ft
Building area
$82,487,244
Assessed value
Analysis
AI-generated Risk: Medium
The building’s compliance record is clean, but its over‑built residential floor area and absence of a recent arm‑length sale create notable constraints for investors.
The good
- Zero open violations and no penalties indicate no hidden compliance costs
- 84 permits show active maintenance and upgrades
- Average unit size of 5,358 sq ft suggests spacious apartments attractive to high‑end renters
The bad
- Built beyond its residential floor‑area limit (residential FAR 10 vs built FAR 24.01) makes the building over‑built and limits future expansion
- No arm‑length sale recorded; market value on record is 0, suggesting lack of recent comparable transaction data
- Over‑built status may complicate financing or refinancing
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.
Already larger than residential zoning would allow
The building occupies a floor-area ratio of 24.01, against a residential limit of 10.00 — it is over that limit by 14.01. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.
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.
Development & zoning
Floor-area ratio
| Built | 24.01 |
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| Residential limit | 10.00 |
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| Commercial limit | 12.00 |
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| Community-facility limit | 12.00 |
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Development headroom (calculated) calculated
| Highest permitted ratio | 12.00 |
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| Unused ratio | -12.01 |
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| Unused buildable area | — |
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| Lot area | 22,092 sq ft |
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Value & taxes
Assessment
| Assessed total | $82,487,244 |
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| Assessed land | $40,237,200 |
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| Assessed building | $42,250,044 |
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| Market value on record | $0 |
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| Assessed as % of market | — |
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Tax
| Tax class | 2 |
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| Taxable assessed | $0 |
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| Tax rate | 12.502% |
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| Estimated annual levy | — |
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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 | $0 | — |
| 2026 | $0 | — |
| 2025 | $0 | — |
Building & occupancy
Structure
| Year built | 1939 |
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| Floors | 41 |
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| Building area | 530,395 sq ft |
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| Residential area | 83,428 sq ft |
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| Commercial area | — |
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Occupancy
| Ownership | Condominium |
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| Total units | 100 |
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| Residential units | 99 |
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| Residential Avg unit size | 843 sq ft (calculated) |
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| Building class | RM |
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Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | 57 St (M) — 0.06 mi |
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| School district | 2 |
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| Police precinct | 18 |
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| Nearest firehouse | Engine 23 — 215 W 58th Street |
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Location risk
| Flood zone | Minimal hazard (Zone X) |
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| Hurricane evacuation zone | Not in an evacuation zone |
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Energy & emissions
| Energy use intensity | 113.9 kBtu/ft² |
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| Greenhouse-gas emissions | 4,423 metric tons/yr |
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Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|
| 123 West 56th Street, 37b | 2026-06-12 | $1,880,000 | — | — |
| 146 West 57 Street, 42d | 2026-04-10 | $3,825,000 | — | — |
| 146 West 57 Street, 44f | 2026-03-23 | $1,050,000 | — | — |
| 123 West 56th Street, 40a | 2026-03-16 | $2,225,000 | — | — |
| 146 West 57 Street, 52e | 2026-02-26 | $1,150,000 | — | — |
| 123 West 56th Street, 41a | 2026-02-25 | $3,300,000 | — | — |
| 111 West 56th Street, 38l | 2026-02-24 | $3,200,000 | — | — |
| 123 West 56th Street, 41i | 2026-01-23 | $2,800,000 | — | — |
Record activity
Compliance calculated
| Open violations | 0 |
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| Open per residential unit | 0.0 (calculated) |
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| Enforcement penalties | $0.00 |
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| Safety-violation penalties | Not available |
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| Total penalties owed | $0.00 (calculated) |
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| On tax-lien sale list | No |
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Activity
| Complaints recorded | 0 |
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| Permits / alterations | 84 |
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| Recorded documents | 0 |
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| Legal proceedings | 0 |
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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 | Parker57 LLC |
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| Parcel | 1010097502 |
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| Block | 1009 |
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| Lot | 7502 |
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Last recorded transfer
| Date | — |
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| Recorded price | — |
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| Price per unit | Not meaningful |
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| Price vs assessed | Not meaningful |
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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.
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
Showing the 50 most recent of 84. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 14 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.