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400 West 59 Street

Manhattan · Parcel 1010680003
729
Residential units
1997
Year built
919,877 sq ft
Building area
19
Open violations
$116,960,850
Assessed value

Analysis

AI-generated Risk: Medium

The building offers significant size and value upside, but the over‑built condition and existing safety penalties create material constraints and risk.

The good

  • Large portfolio of 729 residential units provides scale for rental income
  • Assessed value increased 28.3% indicating strong appreciation
  • Market value on record of $259,913,000 shows high asset worth
  • No legal proceedings, tax lien, or enforcement penalties

The bad

  • Built beyond the residential floor‑area limit (over‑built), restricting future expansion
  • 19 open violations and 9 unpaid safety‑related violations with $105,000 in safety penalties
  • No arm‑length sale recorded (last sale price $0), limiting recent market transaction data
  • Over‑built status limits ability to add units despite high demand

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 18.41, against a residential limit of 10.00 — it is over that limit by 8.41. 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.

Unresolved conditions on record

19 violations remain open across 729 residential units (about 0.0 per apartment), against an outstanding penalty balance of $0.00. A significant open count with little money attached usually means habitability items that were never certified as corrected, rather than a few expensive enforcement actions — an administrative problem more than a financial one, though it is still a problem.

No arm's-length sale on record

The last recorded transfer is dated 14 Feb 1997 at a recorded price of $0. 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 28.3% across the 5 assessment years on record (2023 to 2027), standing at $116,960,850. 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

Built18.41
Residential limit10.00
Commercial limit10.00
Community-facility limit10.00

Development headroom (calculated) calculated

Highest permitted ratio10.00
Unused ratio-8.41
Unused buildable area
Lot area49,962 sq ft

Value & taxes

Assessment

Assessed total$116,960,850
Assessed land$9,675,000
Assessed building$107,285,850
Market value on record$259,913,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$101,074,080
Tax rate12.502%
Estimated annual levy$12,636,281.48
Tax exemption (assessed value)421-a — $57,111,631 (through 2035)

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

YearAssessed valueChange
2027$116,960,850
2026$109,760,850+6.6%
2025$98,197,650+11.8%
2024$94,060,350+4.4%
2023$91,151,550+3.2%

Building & occupancy

Structure

Year built1997
Floors49
Building area919,877 sq ft
Residential area718,220 sq ft
Commercial area201,657 sq ft

Occupancy

Total units736
Residential units729
Storefronts4
Residential Avg unit size985 sq ft (calculated)
Commercial Avg unit size28,808 sq ft (calculated)
Building classD7

Neighborhood, risk & energy

Neighborhood & transit

Nearest subway59 St-Columbus Circle (1) — 0.21 mi
School district2
Police precinct18
Nearest firehouseEngine 23 — 215 W 58th Street

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone
Evictions on record17 (most recent 2026)

Energy & emissions

Energy gradeD
Energy use intensity97.2 kBtu/ft²
Greenhouse-gas emissions7,014 metric tons/yr

Record activity

Compliance calculated

Open violations19
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$105,000.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded375
Permits / alterations220
Recorded documents32
Legal proceedings0

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

Owner400 West 59th St Ptrs, LLC
Parcel1010680003
Block1068
Lot3
Mortgage on record$81,193,522 (2016) — Wells Fargo Bank, National Association
Fixture liens2 active fixture liens

Last recorded transfer

Date14 Feb 1997
Recorded price$0
Price per unitNot meaningful
Price vs assessedNot 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.

Open violations

Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.

IssuedCategoryClassStatusAmount dueDescription
12 Jun 2026HousingBVIOLATION WILL BE REINSPECTED27-2045(B)(1)(B) HMC, § 12-06, § 12-07, § 12-09 RCNY REPAIR, REPLACE OR PROVIDE AN APPROVED AND OPERATIONAL CARBON MONOXIDE DETECTING DEVICE, INSTALLED IN ACCORDANCE WITH APPLICABLE LAW AND RULES MISSING IN THE ENTIRE APARTMENT LOCATED AT APT N12B, 12th STORY, 4th APARTMENT FROM EAST AT SOUTH
12 Jun 2026HousingBVIOLATION WILL BE REINSPECTED27-2045(B)(1)(A) HMC, § 12-01, § 12-03 RCNY REPAIR, REPLACE OR PROVIDE AN APPROVED AND OPERATIONAL SMOKE DETECTING DEVICE, INSTALLED IN ACCORDANCE WITH the buildings authority RULES AND REGULATIONS MISSING IN THE ENTIRE APARTMENT LOCATED AT APT N12B, 12th STORY, 4th APARTMENT FROM EAST AT SOUTH
12 Jun 2026HousingANOV SENT OUT27-2104(B) HMC POST A PROPER NOTICE REGARDING RENT STABILIZATION LAW, IN A FORM APPROVED BY THE COMMISSIONER, IN A CONSPICUOUS LOCATION WITHIN THE COMMON AREA AT THE BUILDINGS ENTRANCE. FOR MORE INFORMATION ABOUT SIGNAGE REQUIREMENTS, PLEASE VISIT: HTTPS://WWW.NYC.GOV/SITE/Housing/SERVICES-AND-INFOR
10 Oct 2025BuildingElevatorsActiveViolation Issued-Failure To File 2024 Cat1 Test Affirmation of Correction
4 Dec 2024BuildingParking StructuresActiveFailure to file sub cycle 1A parking structures compliance report by 12/31/2023, as required per 1 RCNY 103-13
25 Nov 2024BuildingParking StructuresActiveFailure to file sub cycle 1A compliance report by 12/31/2023
23 Oct 2023BuildingElevatorsActiveViolation Issued-Failure To File 2019 Cat1 Test Affirmation of Correction
23 Oct 2023BuildingElevatorsActiveViolation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction
23 Oct 2023BuildingElevatorsActiveViolation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction
11 Aug 2023BuildingElevatorsActiveViolation Issued-Failure To File 2018 Cat1 Test Report
11 Aug 2023BuildingElevatorsActiveViolation Issued-Failure To File 2018 Cat1 Test Report
17 Dec 2021BuildingV-Building VIOLATION - ACTIVEFAILURE TO PERFORM CATEGORY 5 INSPECTION
17 Dec 2021BuildingElevatorsActiveEVCAT5
4 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P26093
4 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P26094
4 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P22943
4 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P22944
4 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P22941
1 Jan 2000BuildingV-Building VIOLATION - ACTIVE1P22942

Complaints

A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.

DateProblemTypeStatusClosed
7 Aug 2026Work Without A Permit - Occupied Multiple DwellingReal Time EnforcementClosed7 Aug 2026
25 Jul 2026Construction EquipmentNoiseIn Progress
11 Jul 2026Noise: Construction Before/After Hours (NM1NoiseClosed14 Jul 2026
2 Jul 2026Lead Kit Request (Residential) (L10LeadClosed7 Jul 2026
2 Jul 2026No Sampling Required, Requested Information (QG2Water QualityClosed6 Jul 2026
30 Jun 2026Blocked Bike LaneIllegal ParkingClosed30 Jun 2026
24 Jun 2026License Plate ObscuredIllegal ParkingClosed24 Jun 2026
19 Jun 2026Air: Smoke, Chimney or vent (AS1Air QualityClosed29 Jun 2026
13 Jun 2026Non-ChronicHomeless Person AssistanceClosed13 Jun 2026
8 Jun 2026Air: Smoke, Chimney or vent (AS1Air QualityClosed16 Jun 2026
8 Jun 2026Elevator - Multiple Devices On PropertyElevatorClosed17 Jun 2026
7 Jun 2026HEAVY FLOWWATER LEAKClosed11 Jun 2026
7 Jun 2026REFRIGERATORAPPLIANCEClosed11 Jun 2026
7 Jun 2026FLOORFLOORING/STAIRSClosed11 Jun 2026
7 Jun 2026ELECTRIC/GAS RANGEAPPLIANCEClosed11 Jun 2026
7 Jun 2026FLOORFLOORING/STAIRSClosed25 Jun 2026
7 Jun 2026SLOW LEAKWATER LEAKClosed25 Jun 2026
4 Jun 2026TrashDirty ConditionClosed5 Jun 2026
4 May 2026Broken SidewalkSidewalk ConditionClosed15 May 2026
28 Mar 2026Allowed in Smoke Free AreaSmoking or VapingClosed23 May 2026
23 Mar 2026Allowed in Smoke Free AreaSmoking or VapingClosed23 May 2026
19 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed19 Mar 2026
14 Mar 2026Garage or Parking LotConsumer ComplaintClosed15 Apr 2026
14 Mar 2026APARTMENT ONLYHEAT/HOT WATERClosed16 Mar 2026
27 Feb 2026Elevator - Multiple Devices On PropertyElevatorClosed5 May 2026
5 Feb 2026Garage or Parking LotConsumer ComplaintIn Progress
23 Jan 2026Banging/PoundingNoise - ResidentialClosed23 Jan 2026
21 Jan 2026Banging/PoundingNoise - ResidentialClosed22 Jan 2026
21 Jan 2026Banging/PoundingNoise - ResidentialClosed22 Jan 2026
21 Jan 2026Banging/PoundingNoise - ResidentialClosed22 Jan 2026
21 Jan 2026Banging/PoundingNoise - ResidentialClosed22 Jan 2026
3 Jan 2026Noise, Barking Dog (NR5NoiseClosed5 Jan 2026
3 Jan 2026Noise: air condition/ventilation equipment (NV1NoiseClosed6 Jan 2026
2 Jan 2026Inadequate or No HeatNon-Residential HeatClosed3 Mar 2026
2 Jan 2026Inadequate or No HeatNon-Residential HeatClosed3 Mar 2026
4 Dec 2025TrashDirty ConditionClosed5 Dec 2025
17 Nov 2025Lead Kit Request (Residential) (L10LeadClosed19 Nov 2025
14 Nov 2025Banging/PoundingNoise - ResidentialClosed14 Nov 2025
12 Nov 2025Double Parked Blocking TrafficIllegal ParkingClosed12 Nov 2025
3 Nov 2025Catch Basin Sunken/Damaged/Raised (SC1SewerClosed3 Nov 2025
20 Oct 2025Air: Smoke, Chimney or vent (AS1Air QualityClosed23 Oct 2025
20 Oct 2025Non-ChronicHomeless Person AssistanceClosed20 Oct 2025
18 Oct 2025Air: Smoke, Chimney or vent (AS1Air QualityClosed21 Oct 2025
11 Oct 2025Air: Smoke, Chimney or vent (AS1Air QualityClosed21 Oct 2025
10 Oct 2025Non-ChronicHomeless Person AssistanceClosed10 Oct 2025
4 Oct 2025Air: Smoke, Chimney or vent (AS1Air QualityClosed14 Oct 2025
24 Sep 2025ChronicHomeless Person AssistanceClosed24 Sep 2025
24 Sep 2025TrespassingNon-Emergency Police MatterClosed24 Sep 2025
20 Sep 2025Loud Music/PartyNoise - ResidentialClosed20 Sep 2025
20 Sep 2025Loud Music/PartyNoise - ResidentialClosed20 Sep 2025

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.

IssuedTypeStatusWork
24 Oct 2025PlumbingSigned-offINSTALL REPLACEMENT GAS BOOSTER AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
5 Jul 2023Sidewalk ShedPermit IssuedINSTALLATION OF 300PSF SIDEWALK SHED AS PER PLANS. ALL EQUIPMENT SHALL COMPLY WITH CHAPTER #33 OF THE NYC BUILDING CODE 2022. NO CHANGE IN USE, OCCUPANCY, OR EGRESS UNDER THIS APPLICATION
8 Jun 2023Sidewalk ShedSigned-offINSTALLATION OF 300PSF SIDEWALK SHED AS PER PLANS. ALL EQUIPMENT SHALL COMPLY WITH CHAPTER #33 OF THE NYC BUILDING CODE 2022. NO CHANGE IN USE, OCCUPANCY, OR EGRESS UNDER THIS APPLICATION
4 May 2023Protection and Mechanical MethodsPermit IssuedSTORAGE OF MATERIAL / EQUIPMENT ON TOP OF HEAVY DUTY SIDEWALK SHED. STORAGE SHALL NOT EXCEED 50 PSF. SHED FILED UNDER SEPARATE APPLICATION. STORAGE SHALL COMPLY WITH CH#33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
31 Mar 2023General ConstructionPermit IssuedMASONRY FACADE WORK AS PER PLANS. NO CHANGE TO USE, EGRESS, OR OCCUPANCY
1 Nov 2022Sidewalk ShedPermit IssuedINSTALLATION OF HEAVY DUTY SIDEWALK SHED DURING BLDG ALTERATION, FILED SEP. SIDEWALK SHED SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
21 Jul 2022Protection and Mechanical MethodsSigned-offInstallation 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
9 Sep 2021Supported ScaffoldPermit IssuedINSTALLATION OF TEMPORARY SCAFFOLD STAIR TOWER AS PER DRAWINGS. SCAFFOLD STAIR TOWER SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
2 Jun 2021Sidewalk ShedSigned-offINSTALLATION OF HEAVY DUTY SIDEWALK SHED DURING BLDG ALTERATION, FILED SEP. SIDEWALK SHED SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
27 Jul 2020A2ISSUED
31 Dec 2019AntennaPermit IssuedINSTALL STARRY TELECOM SITE. INSTALLING (3) SECTORS (6 ANT & 7 RRH), (1) MICROWAVE DISH, (1) INDOOR POWER MANAGEMENT CABINET, (1) INDOOR BATTERY CABINET AND RELATED EQUIPMENT ON ROOF WITH SERVICE CONNECTION FROM CELLAR. ALL IN CONFORMANCE WITH TPPN5/98
17 Oct 2018A2ISSUED
17 Jul 2018A2ISSUED
17 Jul 2018A2ISSUED
12 Dec 2016A3ISSUED
9 Dec 2016A3ISSUED
9 Dec 2016A3ISSUED
18 Nov 2016A1ISSUED
9 Jul 2014A3ISSUED
8 Aug 2013A2ISSUED
11 Jul 2013A3ISSUED
20 Jun 2013A1ISSUED
19 Jun 2013A1ISSUED
17 May 2013A2ISSUED
17 May 2013A2ISSUED
19 Apr 2013A2ISSUED
19 Apr 2013A2ISSUED
17 Apr 2013A2ISSUED
17 Apr 2013A2ISSUED
17 Apr 2013A2ISSUED
21 Mar 2013A3ISSUED
21 Mar 2013A3ISSUED
7 Mar 2013A3ISSUED
7 Mar 2013A3ISSUED
6 Mar 2013A2ISSUED
4 Mar 2013A2ISSUED
4 Mar 2013A2ISSUED
4 Mar 2013A2ISSUED
27 Apr 2012A2ISSUED
23 Apr 2012A3ISSUED
23 Apr 2012A3ISSUED
29 Jul 2011A3ISSUED
29 Jul 2011A3ISSUED
3 Feb 2011SGISSUED
3 Feb 2011SGISSUED
3 Feb 2011SGISSUED
2 Feb 2011SGISSUED
2 Feb 2011SGISSUED
2 Feb 2011SGISSUED
28 Jan 2011SGISSUED

Showing the 50 most recent of 150. 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.

RecordedTypeAmountFromTo
4 Mar 2026RPTT&RET
15 Apr 2020RPTT&RET
18 Oct 2018SMIS
22 Jun 2016Assignment
22 Jun 2016Satisfaction of mortgage
22 Jun 2016Assignment
22 Jun 2016Agreement$250,000,000
22 Jun 2016SMIS
22 Jun 2016Assignment
22 Jun 2016Assignment
22 Jun 2016Mortgage$81,193,522
18 Jul 2013EASE
29 Oct 2007Agreement$150,000,000
29 Oct 2007Agreement$35,000,000
29 Oct 2007Agreement$150,000,000
18 Oct 2002Assignment
18 Oct 2002Mortgage$35,000,000
9 Feb 1999WSAT
9 Feb 1999WSAT
9 Feb 1999WSAT
9 Feb 1999WSAT
13 Jan 1999Mortgage$150,000,000
13 Jan 1999Agreement
13 Jan 1999SAGE
13 Jan 1999Assignment
13 Jan 1999Assignment
13 Jan 1999Mortgage$150,000,000
10 Apr 1998DECL
14 Feb 1997Deed
21 Jan 1997Agreement
21 Jan 1997Agreement
21 Jan 1997Mortgage$1,252,599

About this page

Compiled from New York City public records — data retrieved 5 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.