245 PARK AVENUE
BBL 1013010001 · Class O4 · Built 1966 · 45 floors · 35 units · METROPOLITAN TRANSPORTATION AUTHORITY
245 PARK AVENUE is a property in New York City zoned C5-3. The C5-3 classification is Commercial C5-3. The structure was built in 1966. It has 45 floors. The building contains 1,586,876 square feet. Built FAR is 19.51 of 10 maximum allowed. Assessed value is $423,834,000. Last sold for $33,072,264.62 in May 2020. Located in Council District 4.
You can build 1.2M sf as-of-right. The lot uses 130% of it today.
Governing use: commercial at FAR 15.00 on a 81,336 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
14 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| May 13, 2020 | DEED | $33,072,264.62 | MIDTOWN TRACKAGE VENTURES LLC→METROPOLITAN TRANSPORTATION AUTHORITY |
| Mar 4, 2020 | DEED | $33,072,264.62 | MIDTOWN TRACKAGE VENTURES LLC→METROPOLITAN TRANSPORTATION AUTHORITY |
| May 11, 2017 | DEED | $2,210,000,000 | BOP 245 PARK LLC→245 PARK AVENUE PROPERTY LLC |
| Nov 12, 2010 | DEED | — | BFP 245 PARK CO. LLC→BOP 245 PARK LLC |
| Dec 28, 2006 | DEED | — | THE OWASCO RIVER RAILWAY, INC.→MIDTOWN TRACKAGE VENTURES LLC |
| Mar 12, 2001 | DEED | — | NEW 245 PARK LP→BFP 245 PARK CO. LLC |
| Nov 25, 1996 | DEED | — | 245 PARK AVENUE COMPANY→NEW 245 PARK LP |
| Feb 10, 1984 | DEED | — | OWASCO RIVER RAILWAY,INC→NEW YORK & HARLEM R.R.CO |
| Sep 13, 1983 | DEED | — | OLYMPIA & YORK 245 ETC.→OLYMPIA & YORK EST/CO |
| Nov 17, 1978 | DEED | — | BLANCHETTE, ROBERT WTR→PENN CENTRAL CORP |
| Jun 22, 1978 | DEED | — | BOND, RICHARD C TR→OLYMPIA & YORK 245 ETAL |
| May 4, 1977 | DEED | — | 230 BLDNG INC→230 PARK AVE ASSC |
| Jan 29, 1976 | DEED | — | PENN CNTRL TRNSPRTNETAL→230 BLDNG INC |
| Jan 29, 1976 | DEED | — | PENN CNTRL TRNSPRTNETAL→230 HOLDING INC |