NYC property data › Manhattan › Chelsea & Hell's Kitchen › 538 West 48 Street

538 West 48 Street

Chelsea & Hell's Kitchen, Manhattan · Commercial & office · BBL 1010760051

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1Units
11Floors
61,700Building sq ft
10,042Lot sq ft
2010Year built
R8Zoning
6.14 of 6.50Built FAR
$26.5M · 2025Last sale
22DOB permits
0Open violations

Who owns this building?

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Sales history

RecordedDocumentAmount
2025-12-23Deed$26,500,000
2014-09-30Deed$16,500,000
1990-09-25Deednot recorded
1988-07-06Deednot recorded
1987-06-30Deednot recorded
1987-06-30Deednot recorded
1986-04-01Deednot recorded
1986-02-28Deednot recorded
1986-02-28Deednot recorded

Source: NYC ACRIS. A $0 amount means the deed records no consideration — common on estate, correction and in-family transfers, and not a sale price of zero.

Recent DOB permits

IssuedTypeWork
2026-07-13Renewal Permit with ChangesSidewalk Shed
2026-04-07Renewal Permit Without ChangesSupported Scaffold
2026-04-07Renewal Permit Without ChangesSidewalk Shed
2026-01-05Renewal Permit Without ChangesStructural
2025-09-18Renewal Permit Without ChangesSuspended Scaffold

Source: DOB NOW approved permits, which covers 2017 onward. 22 permits on file for this lot.

Owner debt & loan position

The most recent open mortgage recorded against this lot, when it was recorded, and how far into its term it is.

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Who finances deals like this

The lenders with the most recorded hospitality mortgages in Manhattan since 2021, from public ACRIS filings.

  1. Hilton Resorts Corporation — 1,590 loans, typically $17K–$30K
  2. Bmo Bank N.a. — 13 loans, typically $3.11M–$20M
  3. German American Capital Corporation — 4 loans, typically $9.98M–$35.17M
  4. Barings LLC — 3 loans, typically $10.47M–$183.82M
  5. Mcb Wf Jv 1 LP — 3 loans, typically $324K–$6.74M
Match this deal to 80 lenders

Other lots on this block

Recent sales in Chelsea & Hell's Kitchen

Chelsea & Hell's Kitchen commercial real-estate market data →

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Compiled from NYC Open Data: PLUTO (lot and building attributes), ACRIS (deeds and mortgages), DOB NOW (permits) and HPD (violations). Public record, presented as recorded; Crezly does not warrant it. BBL 1010760051 · data refreshed 2026-08-14

Development & air rights

94% Utilization — built floor area as a share of the estimated as-of-right maximum

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Estimated from NYC PLUTO zoning data. This is not a zoning analysis — confirm with a zoning attorney or architect before relying on it. As-of-right only: excludes bonuses, air-rights transfers and variances.