550 West 45 Street
Analysis
The building offers strong cash‑flow potential with many units and sizable apartments, but the over‑built status and open violations create moderate risk, especially without a recent arm‑length sale to confirm market value.
The good
- 699 residential units provide a large rental pool
- Average unit size of 770 sq ft is relatively spacious for the market
- Zero enforcement and safety violation penalties indicate no hidden debt
- No legal proceedings, tax lien, or outstanding water arrears
The bad
- Built beyond the residential floor‑area limit (over‑built), restricting future expansion
- 14 open violations signal compliance issues that may require remediation
- No arms‑length sale recorded, so market price is unverified
- Market value on record is 0, limiting confidence in valuation
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 11.05, against a residential limit of 10.00 — it is over that limit by 1.05. 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
14 violations remain open across 699 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.
Development & zoning
Floor-area ratio
| Built | 11.05 |
|---|---|
| Residential limit | 10.00 |
| Commercial limit | 0.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | -1.05 |
| Unused buildable area | — |
| Lot area | 48,729 sq ft |
Value & taxes
Assessment
| Assessed total | $125,708,736 |
|---|---|
| Assessed land | $21,928,052 |
| Assessed building | $103,780,684 |
| Market value on record | $0 |
| Assessed as % of market | — |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $0 |
| Tax rate | 12.502% |
| Estimated annual levy | — |
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 | — |
| 2024 | $0 | — |
| 2023 | $0 | — |
Building & occupancy
Structure
| Year built | 2011 |
|---|---|
| Floors | 31 |
| Building area | 538,277 sq ft |
| Residential area | 488,683 sq ft |
| Commercial area | 49,594 sq ft |
Occupancy
| Ownership | Condominium |
|---|---|
| Total units | 701 |
| Residential units | 699 |
| Rent-stabilized | 698 |
| Free Market / Other | 1 |
| Residential Avg unit size | 699 sq ft (calculated) |
| Commercial Avg unit size | 24,797 sq ft (calculated) |
| Building class | RM |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | 42 St-Port Authority Bus Terminal (A, C, E) — 0.49 mi |
|---|---|
| School district | 2 |
| Police precinct | 18 |
| Nearest firehouse | Rescue 1 — 530 West 43 Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 3 |
| City emergency repairs | 2 orders — $955 billed (through 2024) |
| Evictions on record | 10 (most recent 2026) |
Energy & emissions
| Energy grade | D |
|---|
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 500 West 45th Street, 221 | 2026-05-15 | $1,150,000 | — | — |
| 500 West 45th Street, 627 | 2026-03-12 | $1,934,675 | — | — |
| 500 West 45th Street, 501 | 2026-02-20 | $1,135,000 | — | — |
| 500 West 45th Street, 526 | 2026-02-13 | $987,703 | — | — |
| 500 West 45th Street, 227 | 2025-12-16 | $1,595,000 | — | — |
| 500 West 45th Street, 502 | 2025-12-08 | $1,057,000 | — | — |
| 500 West 45th Street, 705 | 2025-11-24 | $795,000 | — | — |
| 500 West 45th Street, 701 | 2025-11-05 | $1,225,000 | — | — |
Record activity
Compliance calculated
| Open violations | 14 |
|---|---|
| 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 | 676 |
|---|---|
| Permits / alterations | 163 |
| Recorded documents | 0 |
| 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 | Unavailable Owner |
|---|---|
| Parcel | 1010737501 |
| Block | 1073 |
| Lot | 7501 |
Last recorded transfer
| Date | — |
|---|---|
| Recorded price | — |
| 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 |
|---|---|---|---|---|---|
| 28 Nov 2025 | Housing | C | NOTICE OF ISSUANCE SENT TO TENANT | — | HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1917, 19th STORY, 1st APARTMENT FROM NORTH AT EAST |
| 15 Sep 2025 | Housing | C | NOTICE OF ISSUANCE SENT TO TENANT | — | HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1917, 19th STORY, 2nd APARTMENT FROM SOUTH AT WEST , SECTION ''east |
| 11 Apr 2025 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE NORTH WALL IN THE 1st ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 11 Apr 2025 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 1st ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 11 Apr 2025 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE SOUTH WALL IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 11 Apr 2025 | Housing | A | NOV CERTIFIED LATE | — | 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT THE NORTH WALL IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 21 Jan 2025 | Housing | A | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE LIFTING WOOD FLOOR IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 21 Jan 2025 | Housing | A | NOV CERTIFIED LATE | — | 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT SOUTH WALL IN THE 1st ROOM FROM NORTH AT WEST LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 9 Sep 2024 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD BASEBOARD AT SOUTH WALL IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 9 Sep 2024 | Housing | C | DEFECT LETTER ISSUED | — | HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 1917, 18th STORY, 2nd APARTMENT FROM NORTH AT EAST |
| 6 Sep 2024 | Housing | A | NOV CERTIFIED LATE | — | 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT THE NORTH WALL IN THE ENTIRE APARTMENT LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 20 May 2024 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 2nd ROOM FROM EAST AT SOUTH LOCATED AT APT 1810, 17th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 15 Apr 2024 | Housing | A | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1810, 19th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
| 26 Feb 2024 | Housing | B | NOV CERTIFIED LATE | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 2nd ROOM FROM NORTH AT WEST LOCATED AT APT 1810, 18th STORY, 3rd APARTMENT FROM SOUTH AT WEST |
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 | N/A | Encampment | Closed | 7 Aug 2026 |
| 7 Aug 2026 | N/A | Encampment | In Progress | — |
| 1 Aug 2026 | Air Conditioner/Ventilation | Noise | Closed | 3 Aug 2026 |
| 25 Jul 2026 | Loud Music/Party | Noise - Residential | Closed | 26 Jul 2026 |
| 23 Jul 2026 | N/A | Encampment | Closed | 23 Jul 2026 |
| 25 Jun 2026 | Blocked - Construction | Sidewalk Condition | Closed | 26 Jun 2026 |
| 21 Jun 2026 | Trash | Dirty Condition | Closed | 22 Jun 2026 |
| 20 Jun 2026 | Loud Music/Party | Noise - Commercial | Closed | 20 Jun 2026 |
| 11 Jun 2026 | Chemical Vapors/Gases/Odors | Indoor Air Quality | Closed | 12 Jun 2026 |
| 30 May 2026 | N/A | Encampment | Closed | 30 May 2026 |
| 30 May 2026 | N/A | Encampment | Closed | 31 May 2026 |
| 30 May 2026 | Loud Music/Party | Noise - Residential | Closed | 30 May 2026 |
| 30 May 2026 | Non-Chronic | Homeless Person Assistance | Closed | 30 May 2026 |
| 27 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 27 May 2026 |
| 23 May 2026 | Loud Music/Party | Noise - Residential | Closed | 23 May 2026 |
| 17 May 2026 | Loud Music/Party | Noise - Residential | Closed | 17 May 2026 |
| 17 May 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 17 May 2026 |
| 16 May 2026 | Chronic Dumping | Illegal Dumping | Closed | 18 May 2026 |
| 15 May 2026 | Driver Complaint - Non Passenger | Taxi Complaint | In Progress | — |
| 13 May 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 13 May 2026 |
| 12 May 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 13 May 2026 |
| 9 May 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 9 May 2026 |
| 30 Apr 2026 | Neglected | Animal-Abuse | Closed | 30 Apr 2026 |
| 19 Apr 2026 | Loud Music/Party | Noise - Residential | Closed | 19 Apr 2026 |
| 18 Apr 2026 | Loud Music/Party | Noise - Residential | Closed | 18 Apr 2026 |
| 11 Apr 2026 | Driver Complaint - Non Passenger | For Hire Vehicle Complaint | In Progress | — |
| 11 Apr 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 11 Apr 2026 |
| 11 Apr 2026 | Driver Complaint - Non Passenger | For Hire Vehicle Complaint | In Progress | — |
| 11 Apr 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 11 Apr 2026 |
| 30 Mar 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 30 Mar 2026 |
| 20 Mar 2026 | Building Shaking/Vibrating/Structural Stability | General Construction/Plumbing | Closed | 22 Mar 2026 |
| 16 Mar 2026 | Garage or Parking Lot | Consumer Complaint | Closed | 16 Apr 2026 |
| 10 Mar 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 10 Mar 2026 |
| 8 Mar 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 8 Mar 2026 |
| 5 Mar 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 5 Mar 2026 |
| 4 Mar 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 4 Mar 2026 |
| 2 Mar 2026 | Loud Music/Party | Noise - Residential | Closed | 2 Mar 2026 |
| 28 Feb 2026 | Driver Complaint - Non Passenger | For Hire Vehicle Complaint | In Progress | — |
| 8 Feb 2026 | Car/Truck Horn | Noise - Vehicle | Closed | 8 Feb 2026 |
| 22 Dec 2025 | N/A | Encampment | Closed | 23 Dec 2025 |
| 22 Dec 2025 | N/A | Encampment | Closed | 22 Dec 2025 |
| 16 Dec 2025 | N/A | Encampment | Closed | 16 Dec 2025 |
| 16 Dec 2025 | N/A | Encampment | Closed | 8 Jan 2026 |
| 13 Dec 2025 | N/A | Encampment | Closed | 13 Dec 2025 |
| 13 Dec 2025 | N/A | Encampment | Closed | 11 Jan 2026 |
| 13 Dec 2025 | N/A | Encampment | Closed | 13 Dec 2025 |
| 13 Dec 2025 | N/A | Encampment | Closed | 8 Jan 2026 |
| 12 Dec 2025 | Loud Music/Party | Noise - Commercial | Closed | 12 Dec 2025 |
| 10 Dec 2025 | N/A | Encampment | Closed | 10 Dec 2025 |
| 8 Dec 2025 | Dirty Water (WE | Water System | Closed | 8 Dec 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 |
|---|---|---|---|
| 20 Oct 2023 | Sidewalk Shed | Signed-off | INSTALLATION OF SIDEWALK SHED IN ACCORDANCE WITH NYCC 2022 CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY |
| 12 Sep 2023 | General Construction | Signed-off | Facade restoration. No change in egress, use or occupancy |
| 22 Jun 2022 | Plumbing | Signed-off | FILING HEREWITH PLUMBING WORK FOR THE RENOVATION OF THE CELLAR & 1ST FLOOR AS PER PLANS. NO CHANGE IS USE, EGRESS, OR OCCUPANCY |
| 8 Jul 2021 | General Construction | Permit Issued | FILING HEREWITH FOR AN ON GRADE ACCESSORY RAMP AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 7 May 2021 | Construction Fence | Permit Issued | FILING HEREWITH CONSTRUCTION FENCEAS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 20 Oct 2020 | A2 | ISSUED | — |
| 5 Sep 2018 | A2 | ISSUED | — |
| 30 Nov 2016 | A2 | ISSUED | — |
| 19 Jun 2015 | SG | ISSUED | — |
| 23 Jun 2014 | A2 | ISSUED | — |
| 27 Nov 2013 | A2 | ISSUED | — |
| 8 Nov 2013 | A2 | ISSUED | — |
| 29 Oct 2013 | A3 | ISSUED | — |
| 11 Sep 2013 | A2 | ISSUED | — |
| 16 Jul 2013 | A2 | ISSUED | — |
| 1 Jul 2013 | A2 | ISSUED | — |
| 23 May 2013 | A2 | ISSUED | — |
| 14 Mar 2013 | A2 | ISSUED | — |
| 14 Mar 2013 | A2 | ISSUED | — |
| 13 Feb 2013 | A2 | ISSUED | — |
| 13 Feb 2013 | A2 | ISSUED | — |
| 27 Dec 2012 | A3 | ISSUED | — |
| 27 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 24 Dec 2012 | A3 | ISSUED | — |
| 12 Dec 2012 | A3 | ISSUED | — |
| 12 Dec 2012 | A3 | ISSUED | — |
| 27 Nov 2012 | NB | ISSUED | — |
| 27 Nov 2012 | NB | ISSUED | — |
| 5 Sep 2012 | A3 | ISSUED | — |
| 5 Sep 2012 | A3 | ISSUED | — |
| 10 Aug 2012 | NB | ISSUED | — |
| 26 Jun 2012 | A2 | ISSUED | — |
| 26 Jun 2012 | A2 | ISSUED | — |
| 26 Jun 2012 | A2 | RE-ISSUED | — |
| 26 Jun 2012 | A2 | ISSUED | — |
| 26 Jun 2012 | A2 | ISSUED | — |
| 26 Jun 2012 | A2 | ISSUED | — |
| 25 Jun 2012 | NB | ISSUED | — |
| 25 Jun 2012 | NB | ISSUED | — |
| 25 Jun 2012 | NB | RE-ISSUED | — |
| 21 Jun 2012 | A3 | ISSUED | — |
| 21 Jun 2012 | A2 | ISSUED | — |
| 21 Jun 2012 | A2 | ISSUED | — |
| 21 Jun 2012 | A3 | ISSUED | — |
| 14 Jun 2012 | NB | ISSUED | — |
Showing the 50 most recent of 150. 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: 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.