400 West 59 Street
Analysis
The property has a solid valuation and scale but significant compliance costs and over‑built status create substantial risk for investors.
The good
- Assessed value of $116,960,850 and market value of $259,913,000 indicate strong asset base
- Large portfolio of 729 residential units provides scale and potential cash flow
- High average unit size of 985 sq ft suggests premium rental rates
- 49‑story building with 919,877 sq ft of space offers extensive amenity and leasing options
The bad
- High risk rating (high) driven by penalties above $25,000
- Safety‑violation penalties of $105,000 and nine unpaid safety violations are material liabilities
- Building is over‑built for residential (built FAR 18.41 vs residential limit 10), limiting future expansion
- 13 open violations and no recent arm‑length sale reduce confidence in compliance and marketability
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
13 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
| Built | 18.41 |
|---|---|
| Residential limit | 10.00 |
| Commercial limit | 10.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | -8.41 |
| Unused buildable area | — |
| Lot area | 49,962 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 market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $101,074,080 |
| Tax rate | 12.502% |
| 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
| Year | Assessed value | Change |
|---|---|---|
| 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 built | 1997 |
|---|---|
| Floors | 49 |
| Building area | 919,877 sq ft |
| Residential area | 718,220 sq ft |
| Commercial area | 201,657 sq ft |
Occupancy
| Total units | 736 |
|---|---|
| Residential units | 729 |
| Storefronts | 4 |
| Residential Avg unit size | 985 sq ft (calculated) |
| Commercial Avg unit size | 28,808 sq ft (calculated) |
| Building class | D7 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | 59 St-Columbus Circle (1) — 0.21 mi |
|---|---|
| School district | 2 |
| Police precinct | 18 |
| Nearest firehouse | Engine 23 — 215 W 58th Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Not in an evacuation zone |
| Evictions on record | 17 (most recent 2026) |
Energy & emissions
| Energy grade | D |
|---|---|
| Energy use intensity | 97.2 kBtu/ft² |
| Greenhouse-gas emissions | 7,014 metric tons/yr |
Record activity
Compliance calculated
| Open violations | 13 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $105,000.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 382 |
|---|---|
| Permits / alterations | 220 |
| Recorded documents | 32 |
| 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 | 400 West 59th St Ptrs, LLC |
|---|---|
| Parcel | 1010680003 |
| Block | 1068 |
| Lot | 3 |
| Mortgage on record | $81,193,522 (2016) — Wells Fargo Bank, National Association |
| Fixture liens | 2 active fixture liens |
Last recorded transfer
| Date | 14 Feb 1997 |
|---|---|
| Recorded price | $0 |
| 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.
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.
| Issued | Category | Class | Status | Amount due | Description |
|---|---|---|---|---|---|
| 12 Jun 2026 | Housing | A | NOV SENT OUT | — | 27-2104(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 2025 | Building | Elevators | Active | — | Violation Issued-Failure To File 2024 Cat1 Test Affirmation of Correction |
| 4 Dec 2024 | Building | Parking Structures | Active | — | Failure to file sub cycle 1A parking structures compliance report by 12/31/2023, as required per 1 RCNY 103-13 |
| 25 Nov 2024 | Building | Parking Structures | Active | — | Failure to file sub cycle 1A compliance report by 12/31/2023 |
| 23 Oct 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction |
| 17 Dec 2021 | Building | — | V-Building VIOLATION - ACTIVE | — | FAILURE TO PERFORM CATEGORY 5 INSPECTION |
| 17 Dec 2021 | Building | Elevators | Active | — | EVCAT5 |
| 4 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P26093 |
| 4 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P26094 |
| 4 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P22943 |
| 4 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P22944 |
| 4 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P22941 |
| 1 Jan 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | 1P22942 |
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 |
|---|---|---|---|---|
| 4 Sep 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 4 Sep 2026 |
| 4 Sep 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 4 Sep 2026 |
| 3 Sep 2026 | BATHTUB/SHOWER | PLUMBING | Open | — |
| 27 Aug 2026 | Trash | Dirty Condition | Closed | 28 Aug 2026 |
| 27 Aug 2026 | N/A | Encampment | Closed | 27 Aug 2026 |
| 21 Aug 2026 | Supermarket or Grocery Store | Consumer Complaint | Closed | 24 Aug 2026 |
| 8 Aug 2026 | Elevator - Multiple Devices On Property | Elevator | Open | 8 Aug 2026 |
| 7 Aug 2026 | Work Without A Permit - Occupied Multiple Dwelling | Real Time Enforcement | Closed | 7 Aug 2026 |
| 25 Jul 2026 | Construction Equipment | Noise | Closed | 1 Aug 2026 |
| 11 Jul 2026 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 14 Jul 2026 |
| 2 Jul 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 7 Jul 2026 |
| 2 Jul 2026 | No Sampling Required, Requested Information (QG2 | Water Quality | Closed | 6 Jul 2026 |
| 30 Jun 2026 | Blocked Bike Lane | Illegal Parking | Closed | 30 Jun 2026 |
| 24 Jun 2026 | License Plate Obscured | Illegal Parking | Closed | 24 Jun 2026 |
| 19 Jun 2026 | Air: Smoke, Chimney or vent (AS1 | Air Quality | Closed | 29 Jun 2026 |
| 13 Jun 2026 | Non-Chronic | Homeless Person Assistance | Closed | 13 Jun 2026 |
| 8 Jun 2026 | Air: Smoke, Chimney or vent (AS1 | Air Quality | Closed | 16 Jun 2026 |
| 8 Jun 2026 | Elevator - Multiple Devices On Property | Elevator | Closed | 17 Jun 2026 |
| 7 Jun 2026 | HEAVY FLOW | WATER LEAK | Closed | 11 Jun 2026 |
| 7 Jun 2026 | REFRIGERATOR | APPLIANCE | Closed | 11 Jun 2026 |
| 7 Jun 2026 | FLOOR | FLOORING/STAIRS | Closed | 11 Jun 2026 |
| 7 Jun 2026 | ELECTRIC/GAS RANGE | APPLIANCE | Closed | 11 Jun 2026 |
| 7 Jun 2026 | FLOOR | FLOORING/STAIRS | Closed | 25 Jun 2026 |
| 7 Jun 2026 | SLOW LEAK | WATER LEAK | Closed | 25 Jun 2026 |
| 4 Jun 2026 | Trash | Dirty Condition | Closed | 5 Jun 2026 |
| 4 May 2026 | Broken Sidewalk | Sidewalk Condition | Closed | 15 May 2026 |
| 28 Mar 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 23 May 2026 |
| 23 Mar 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 23 May 2026 |
| 19 Mar 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 19 Mar 2026 |
| 14 Mar 2026 | Garage or Parking Lot | Consumer Complaint | Closed | 15 Apr 2026 |
| 14 Mar 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 16 Mar 2026 |
| 27 Feb 2026 | Elevator - Multiple Devices On Property | Elevator | Closed | 5 May 2026 |
| 5 Feb 2026 | Garage or Parking Lot | Consumer Complaint | In Progress | — |
| 23 Jan 2026 | Banging/Pounding | Noise - Residential | Closed | 23 Jan 2026 |
| 21 Jan 2026 | Banging/Pounding | Noise - Residential | Closed | 22 Jan 2026 |
| 21 Jan 2026 | Banging/Pounding | Noise - Residential | Closed | 22 Jan 2026 |
| 21 Jan 2026 | Banging/Pounding | Noise - Residential | Closed | 22 Jan 2026 |
| 21 Jan 2026 | Banging/Pounding | Noise - Residential | Closed | 22 Jan 2026 |
| 3 Jan 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 5 Jan 2026 |
| 3 Jan 2026 | Noise: air condition/ventilation equipment (NV1 | Noise | Closed | 6 Jan 2026 |
| 2 Jan 2026 | Inadequate or No Heat | Non-Residential Heat | Closed | 3 Mar 2026 |
| 2 Jan 2026 | Inadequate or No Heat | Non-Residential Heat | Closed | 3 Mar 2026 |
| 4 Dec 2025 | Trash | Dirty Condition | Closed | 5 Dec 2025 |
| 17 Nov 2025 | Lead Kit Request (Residential) (L10 | Lead | Closed | 19 Nov 2025 |
| 14 Nov 2025 | Banging/Pounding | Noise - Residential | Closed | 14 Nov 2025 |
| 12 Nov 2025 | Double Parked Blocking Traffic | Illegal Parking | Closed | 12 Nov 2025 |
| 3 Nov 2025 | Catch Basin Sunken/Damaged/Raised (SC1 | Sewer | Closed | 3 Nov 2025 |
| 20 Oct 2025 | Air: Smoke, Chimney or vent (AS1 | Air Quality | Closed | 23 Oct 2025 |
| 20 Oct 2025 | Non-Chronic | Homeless Person Assistance | Closed | 20 Oct 2025 |
| 18 Oct 2025 | Air: Smoke, Chimney or vent (AS1 | Air Quality | Closed | 21 Oct 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.
| Issued | Type | Status | Work |
|---|---|---|---|
| 24 Oct 2025 | Plumbing | Signed-off | INSTALL REPLACEMENT GAS BOOSTER AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 5 Jul 2023 | Sidewalk Shed | Permit Issued | INSTALLATION 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 2023 | Sidewalk Shed | Signed-off | INSTALLATION 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 2023 | Protection and Mechanical Methods | Permit Issued | STORAGE 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 2023 | General Construction | Permit Issued | MASONRY FACADE WORK AS PER PLANS. NO CHANGE TO USE, EGRESS, OR OCCUPANCY |
| 1 Nov 2022 | Sidewalk Shed | Permit Issued | INSTALLATION 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 2022 | Protection and Mechanical Methods | Signed-off | 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 |
| 9 Sep 2021 | Supported Scaffold | Permit Issued | INSTALLATION 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 2021 | Sidewalk Shed | Signed-off | INSTALLATION 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 2020 | A2 | ISSUED | — |
| 31 Dec 2019 | Antenna | Permit Issued | INSTALL 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 2018 | A2 | ISSUED | — |
| 17 Jul 2018 | A2 | ISSUED | — |
| 17 Jul 2018 | A2 | ISSUED | — |
| 12 Dec 2016 | A3 | ISSUED | — |
| 9 Dec 2016 | A3 | ISSUED | — |
| 9 Dec 2016 | A3 | ISSUED | — |
| 18 Nov 2016 | A1 | ISSUED | — |
| 9 Jul 2014 | A3 | ISSUED | — |
| 8 Aug 2013 | A2 | ISSUED | — |
| 11 Jul 2013 | A3 | ISSUED | — |
| 20 Jun 2013 | A1 | ISSUED | — |
| 19 Jun 2013 | A1 | ISSUED | — |
| 17 May 2013 | A2 | ISSUED | — |
| 17 May 2013 | A2 | ISSUED | — |
| 19 Apr 2013 | A2 | ISSUED | — |
| 19 Apr 2013 | A2 | ISSUED | — |
| 17 Apr 2013 | A2 | ISSUED | — |
| 17 Apr 2013 | A2 | ISSUED | — |
| 17 Apr 2013 | A2 | ISSUED | — |
| 21 Mar 2013 | A3 | ISSUED | — |
| 21 Mar 2013 | A3 | ISSUED | — |
| 7 Mar 2013 | A3 | ISSUED | — |
| 7 Mar 2013 | A3 | ISSUED | — |
| 6 Mar 2013 | A2 | ISSUED | — |
| 4 Mar 2013 | A2 | ISSUED | — |
| 4 Mar 2013 | A2 | ISSUED | — |
| 4 Mar 2013 | A2 | ISSUED | — |
| 27 Apr 2012 | A2 | ISSUED | — |
| 23 Apr 2012 | A3 | ISSUED | — |
| 23 Apr 2012 | A3 | ISSUED | — |
| 29 Jul 2011 | A3 | ISSUED | — |
| 29 Jul 2011 | A3 | ISSUED | — |
| 3 Feb 2011 | SG | ISSUED | — |
| 3 Feb 2011 | SG | ISSUED | — |
| 3 Feb 2011 | SG | ISSUED | — |
| 2 Feb 2011 | SG | ISSUED | — |
| 2 Feb 2011 | SG | ISSUED | — |
| 2 Feb 2011 | SG | ISSUED | — |
| 28 Jan 2011 | SG | ISSUED | — |
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.
| Recorded | Type | Amount | From | To |
|---|---|---|---|---|
| 4 Mar 2026 | RPTT&RET | — | — | — |
| 15 Apr 2020 | RPTT&RET | — | — | — |
| 18 Oct 2018 | SMIS | — | — | — |
| 22 Jun 2016 | Assignment | — | — | — |
| 22 Jun 2016 | Satisfaction of mortgage | — | — | — |
| 22 Jun 2016 | Assignment | — | — | — |
| 22 Jun 2016 | Agreement | $250,000,000 | — | — |
| 22 Jun 2016 | SMIS | — | — | — |
| 22 Jun 2016 | Assignment | — | — | — |
| 22 Jun 2016 | Assignment | — | — | — |
| 22 Jun 2016 | Mortgage | $81,193,522 | — | — |
| 18 Jul 2013 | EASE | — | — | — |
| 29 Oct 2007 | Agreement | $150,000,000 | — | — |
| 29 Oct 2007 | Agreement | $35,000,000 | — | — |
| 29 Oct 2007 | Agreement | $150,000,000 | — | — |
| 18 Oct 2002 | Assignment | — | — | — |
| 18 Oct 2002 | Mortgage | $35,000,000 | — | — |
| 9 Feb 1999 | WSAT | — | — | — |
| 9 Feb 1999 | WSAT | — | — | — |
| 9 Feb 1999 | WSAT | — | — | — |
| 9 Feb 1999 | WSAT | — | — | — |
| 13 Jan 1999 | Mortgage | $150,000,000 | — | — |
| 13 Jan 1999 | Agreement | — | — | — |
| 13 Jan 1999 | SAGE | — | — | — |
| 13 Jan 1999 | Assignment | — | — | — |
| 13 Jan 1999 | Assignment | — | — | — |
| 13 Jan 1999 | Mortgage | $150,000,000 | — | — |
| 10 Apr 1998 | DECL | — | — | — |
| 14 Feb 1997 | Deed | — | — | — |
| 21 Jan 1997 | Agreement | — | — | — |
| 21 Jan 1997 | Agreement | — | — | — |
| 21 Jan 1997 | Mortgage | $1,252,599 | — | — |
About this page
Compiled from New York City public records — data retrieved 14 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.