NY Property Records

242 West 27 Street
Manhattan · New York County · 10001

05 · Commercial & OfficeSold $6,326,000 · Jul 2026 ↗
Owner of record
Owner242 West 27 LLC
Assessment · 2025 roll
Land assessed$192,150
Total assessed$1,597,500
Est. annual tax$163,680 (2027, excl. special districts)
Building
StyleBank Building (Designed Exclusively for Banking)
Year built1927
Lot
Size0.06 acres (GIS)
Frontage × depth25 × 99 ft
Lot sq ft2,456
Zoning
DistrictC6-2A
FAR6.09 built · 6.02 max residential · 6.0 max commercial · 6.5 max facility
Zoning map8d
Recorded documents · 26
MORTGAGE $4,100,000 Jul 29, 2026
mortgagor/borrower West 27 Group LLC
mortgagee/lender Axos Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE Jul 29, 2026
assignor/old lender Bank Of America, N.A.
assignee/new lender Axos Bank
View on ACRIS ↗
DEED $6,326,000 Jul 29, 2026
grantor/seller 242 West 27 LLC
grantee/buyer West 27 Group LLC
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Show all 26
DEED $6,884,000 Jul 11, 2016
grantor/seller Zelnik, Martin
grantee/buyer 242 West 27 LLC
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DEED $6,884,000 Jul 11, 2016
grantor/seller Estate Of Julius Panero; James Panero, As Executor
grantee/buyer 242 West 27 LLC
View on ACRIS ↗
DEED Jul 11, 2016
grantor/seller Panzel Development Associates
grantee/buyer Estate Of Julius Panero; James Panero, As Executor +1
View on ACRIS ↗
MORTGAGE $10,000,000 Jul 11, 2016
mortgagor/borrower 242 West 27 LLC
mortgagee/lender Bank Of America Na
View on ACRIS ↗
SATISFACTION OF MORTGAGE Sep 23, 2003
mortgager/borrower Panzel Development Associates
mortgagee/lender Emigrant Savings Bank
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TERMINATION OF ASSIGN OF L&R Sep 23, 2003
party one Panzel Development Associates
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AGREEMENT Feb 4, 1998
party 1 Emigrant Savings Bank
party 2 Panzel Development Associates
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MORTGAGE $55,708 Feb 4, 1998
mortgagor/borrower Emigrant Savings Bank
mortgagee/lender Panzel Development Associates
View on ACRIS ↗
ASSIGNMENT, MORTGAGE Feb 4, 1998
assignor/old lender Panzel Development Associates
assignee/new lender Emigrant Savings Bank
View on ACRIS ↗
AGREEMENT Nov 19, 1991
party 1 Pazel Development Assoc
party 2 Emigrant Savings Bank
View on ACRIS ↗
MORTGAGE $372,738 Aug 20, 1987
mortgagor/borrower Panzel Dvlpmnt Assocs
mortgagee/lender Emigrant Svgs Bk
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ASSIGNMENT, MORTGAGE Aug 20, 1987
assignor/old lender Panzel Dvlpmnt Assocs
assignee/new lender Emigrant Svgs Bk
View on ACRIS ↗
AGREEMENT Aug 20, 1987
party 1 Emigrant Svgs Bk
party 2 Panzel Dvlpmnt Assocs
View on ACRIS ↗
MORTGAGE $499,990 Sep 7, 1984
mortgagor/borrower Panzel Dvlpmt Associates
mortgagee/lender Emigrant Savings Bank
View on ACRIS ↗
SATISFACTION OF MORTGAGE Sep 7, 1984
mortgager/borrower 109 Amsterdam Corp.
mortgagee/lender Board/Natl Missionsetc.
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ASSIGNMENT, MORTGAGE Sep 7, 1984
assignor/old lender Panzel Dvlpmt Associates
assignee/new lender Emigrant Savings Bank
View on ACRIS ↗
DEED Jul 26, 1984
grantor/seller 242 W 27th Street Cp
grantee/buyer Panzel Development Assoc
View on ACRIS ↗
AGREEMENT Apr 9, 1984
party 1 236 W 27th Corp.
party 2 Yorkville Fedl Sv&Lnasn
View on ACRIS ↗
ASSIGNMENT, MORTGAGE Jun 19, 1980
assignor/old lender Board Of National Etal
assignee/new lender Yorkville S/Las
View on ACRIS ↗
MORTGAGE Oct 3, 1975
mortgagor/borrower 242 W 27th St Corp
mortgagee/lender 242 Associates
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DEED Oct 3, 1975
grantor/seller 242 Associates
grantee/buyer 242 W 27th St Corp
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DEED Nov 20, 1973
grantor/seller 242 Associates
grantee/buyer Heatchrest Corp
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DEED Nov 20, 1973
grantor/seller Heathcrest Corp
grantee/buyer 242 Associates
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DOB violations — total 28 · open 3 · dismissed 8
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 28, 2020
BIS ↗
AEUHAZ Dismissed May 29, 2019
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗
Elevators Dismissed Apr 5, 2019
VIOLATION ISSUED TO ELEVATOR - FAILURE TO FILE CATEGORY 1 2017 INSPECTION/TEST
BIS ↗
Show all 28
Facades Active Feb 21, 2018
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 19, 2017
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved May 5, 2016
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 26, 2015
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Active Jun 23, 2014
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 23, 2014
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Aug 8, 2013
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 20, 2012
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 20, 2010
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Apr 26, 2010
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 17, 2009
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Nov 21, 2008
BIS ↗
Emergency Power Dismissed Mar 31, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jan 30, 2008
BIS ↗
LL1198-LOCAL LAW 11/98 - FACADE FACADE OPTIONAL Dismissed Nov 30, 2007
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Mar 27, 2007
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 1, 2006
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Jan 6, 2006
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Aug 18, 2004
BIS ↗
LL10/80-LOCAL LAW 10/80 - FACADE FACADE OPTIONAL Dismissed Jan 30, 2002
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Nov 11, 1999
1P7778
BIS ↗
B-BOILER BOILER OPTIONAL Dismissed Apr 17, 1990
23A
BIS ↗
C-CONSTRUCTION OTHER OPTIONAL Active Jul 13, 1989
BIS ↗
C-CONSTRUCTION OTHER OPTIONAL Dismissed Jul 13, 1989
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Aug 30, 1988
(15) SECURE TAB EXIT COVER (1) PROPERLY FUSE CONTROLLER (21) RENEW HOIST CABLES
BIS ↗
DOB complaints — total 2 · open 0 · closed 2
Adult establishment Closed Sep 8, 2024
Complaint 1677086
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective Closed Nov 7, 2008
Complaint 1241464
View on BIS ↗
No HPD violations on file.
Deed & identifiers
SBL1007760062
SWIS620100
Parcel ID6201001007760062

Who owns 242 West 27 Street?

242 West 27 Street, Manhattan is owned by 242 West 27 LLC per the 2025 NYS assessment roll. It last sold for $6,326,000 in Jul 2026.
Public record, NYS tax roll 2025. Values are the assessor's, not an appraisal. Provided for informational purposes only — accuracy and completeness are not warranted or guaranteed; verify against official sources before relying on it. Disclaimer · Request redaction

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