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Financial
Distress signals
Property profile

234 48th St 242 New York, NY 10036

OFF-MARKET
Hotels
Property ID
US63-3014495
117,102 SF 0.22 ac lot Built 1927
Last sale Apr 2006 · $14,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 1,000-square-foot retail space located at the base of The Gallivant Times Square, within a high-traffic entertainment and retail district. The space is fully vented with gas and was previously occupied as a sports bar. The configuration is suitable for uses such as bars, restaurants, and retail.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$2.20M
Tax billed · 2024
Assessed value$20.77M
Assessed land$8.42M
Assessed improvement$12.35M
Effective rate10.59%

Value estimate

· Oct 2026
$13.90M
$12.51M – $15.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,469/SF
Submarket average, outlier-cleaned · 239 recorded sales of this use type
Observed band · Q1–Q3$374 – $3,864

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C6-5
In C1, C5, C6-5 or C6-7 Districts Last Amended 2/24/2022 History Print Section Copy Link https://zr.planning.nyc.gov/article-iii/chapter-...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat14.0
Pet Grooming Service7.5
Butcher2.7

Location

234 48th St, Unit 242 New York, NY 10036-1540
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15 43rd, New York, NY 10036-7402 $8,000,000 Dec 2023 63,860 SF
2 Times Sqhotl, New York, NY 10036-7301 $165,000,000 Oct 2023 201,920 SF
150 48th Sthu-1, New York, NY 10036-1522 $290,230,479 Sep 2023 189,311 SF
126-132 46th, New York, NY 10036 $49,500,000 Oct 2022 113,969 SF
220 41st, New York, NY 10036-7203 $88,959,778 Oct 2020 141,335 SF
32 48th, New York, NY 10036-1801 $10,292,999 Nov 2018 208,169 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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