NY Property Records

38 West 48 Street
Manhattan · New York County · 10036

Owner of record
OwnerArg Properties Inc
Assessment · 2025 roll
Land assessed$720,000
Total assessed$2,464,650
Est. annual tax$250,688 (2027, excl. special districts)
Building
StyleBank Building (Designed Exclusively for Banking)
Year built1926
Lot
Size0.08 acres (GIS)
Frontage × depth32 × 100 ft
Lot sq ft3,200
Zoning
DistrictC6-4.5
Special districtMiD
FAR10.36 built · 10.0 max residential · 12.0 max commercial · 12.0 max facility
Zoning map8d
Recorded documents · 51
AGREEMENT $2,999,999 Apr 1, 2025
party 1 Arg Properties, Inc.
party 2 Connectone Bank
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TERMINATION OF ASSIGN OF L&R Dec 22, 2023
party one Bank Ozk
party two N47 Associates LLC
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SUNDRY MISCELLANEOUS Aug 6, 2021
party 1 Bank Ozk
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Show all 51
SUNDRY MISCELLANEOUS Aug 6, 2021
party 1 36 West 48 Ar LLC
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SUNDRY AGREEMENT Aug 6, 2021
party 1 28 West 48 LLC
party 2 N47 Associates LLC
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ZONING LOT DESCRIPTION Aug 6, 2021
party one N47 Associates LLC
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CERTIFICATE Aug 6, 2021
party 1 Commonwealth Land Title Insurance Company
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AGREEMENT $63,870,000 Feb 18, 2020
party 1 N47 Associates LLC
party 2 Bank Ozk
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MORTGAGE $46,542,496 Nov 2, 2018
mortgagor/borrower N47 Associates LLC
mortgagee/lender Bank Ozk
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SUNDRY MISCELLANEOUS Nov 2, 2018
party 1 Bank Ozk
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AGREEMENT $63,870,000 Nov 2, 2018
party 1 N47 Associates LLC
party 2 Bank Ozk
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SUNDRY AGREEMENT Nov 2, 2018
party 1 36 West 48 Ar LLC; N47 Associates LLC
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ASSIGNMENT OF LEASES AND RENTS $63,870,000 Nov 2, 2018
assignor N47 Associates LLC
assignee Bank Ozk
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CERTIFICATE Nov 2, 2018
party 1 Commonwealth Land Title Insurance Company
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AGREEMENT $2,023,059 Aug 23, 2018
party 1 Arg Properties, Inc.
party 2 36 West 48 Ar LLC
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SUNDRY AGREEMENT Aug 23, 2018
party 1 Arg Properties, Inc.
party 2 36 West 48 Ar LLC
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SUNDRY MISCELLANEOUS Aug 23, 2018
party 1 Connectone Bank
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CERTIFICATE Aug 23, 2018
party 1 Commonwealth Land Title Insurance Company
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EASEMENT Aug 23, 2018
grantor/seller Arg Properties, Inc
grantee/buyer 36 West 48 Ar LLC
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ASSIGNMENT OF LEASES AND RENTS $2,999,999 May 10, 2018
assignor Arg Properties Inc
assignee Connectone Bank
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MORTGAGE $2,999,999 May 10, 2018
mortgagor/borrower Arg Properties Inc
mortgagee/lender Connectone Bank
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AGREEMENT $9,000,000 May 24, 2017
party 1 Arg Properties Inc
party 2 Connectone Bank
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MORTGAGE $3,449,262 May 24, 2017
mortgagor/borrower Arg Properties Inc
mortgagee/lender Connectone Bank
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ASSIGNMENT OF LEASES AND RENTS $9,000,000 May 24, 2017
assignor Arg Properties Inc
assignee Connectone Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE May 24, 2017
assignor/old lender Signature Bank
assignee/new lender Connectone Bank
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TERMINATION OF ASSIGN OF L&R May 24, 2017
party one Signature Bank
party two Arg Properties Inc.
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MORTGAGE $6,250,000 Apr 17, 2012
mortgagor/borrower Arg Properties, Inc
mortgagee/lender Signature Bank
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ASSIGNMENT OF LEASES AND RENTS $6,250,000 Apr 17, 2012
assignor Arg Properties, Inc
assignee Signature Bank
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DEED Aug 17, 1994
grantor/seller City Of New York; John Doe #1 Thourghjohn Doe #100 Def +7
grantee/buyer Arg Properties Inc.
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ASSIGNMENT, MORTGAGE Aug 17, 1994
assignor/old lender Republic National Bank Of New York
assignee/new lender Garipian, Karnik
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ASSIGNMENT, MORTGAGE Aug 17, 1994
assignor/old lender Republic National Bank Of New York
assignee/new lender Garipian, Karnik
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ASSIGNMENT, MORTGAGE Aug 17, 1994
assignor/old lender Republic National Bank Of New York
assignee/new lender Garipian, Karnik
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ASSIGNMENT, MORTGAGE Aug 17, 1994
assignor/old lender Republic National Bank Of New York
assignee/new lender Garipian, Karnik
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SATISFACTION OF MORTGAGE Aug 17, 1994
mortgager/borrower Spiral Commercial Corporation
mortgagee/lender Republic National Bank Of New York
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SUNDRY AGREEMENT Aug 17, 1994
party 1 Garipian, Karnik
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SUNDRY AGREEMENT Aug 17, 1994
party 1 Garipian, Karnik
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MORTGAGE $1,750,000 Jun 2, 1992
mortgagor/borrower Spiral Commercial Corp
mortgagee/lender Republic Ntl Bk Ny
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SUNDRY MISCELLANEOUS May 17, 1991
party 1 Spiral Commercial Corp
party 2 Republic National Bk/Ny
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ASSIGNMENT, MORTGAGE Jul 23, 1987
assignor/old lender Spiral Commercial Corp
assignee/new lender Republic Natl Bk Ny
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MORTGAGE $250,000 Jul 8, 1987
mortgagor/borrower Sprial Commercial Corp
mortgagee/lender Republic Natl Bk Ny
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SATISFACTION OF MORTGAGE Mar 5, 1985
mortgager/borrower Spiral Commercial Corp.
mortgagee/lender Less, Jack
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ASSIGNMENT, MORTGAGE Jul 16, 1982
assignor/old lender Less, Jack
assignee/new lender Watkins, Kitty G.
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ASSIGNMENT, MORTGAGE Jun 23, 1982
assignor/old lender Less, Morris
assignee/new lender Newman, Evelyn
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ASSIGNMENT, MORTGAGE Oct 7, 1980
assignor/old lender Newman, Irving
assignee/new lender Less, Jack; Less, Morris
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ASSIGNMENT, MORTGAGE Dec 22, 1976
assignor/old lender Less, Jack; Less, Morris
assignee/new lender Newman, Irving
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MORTGAGE Mar 8, 1976
mortgagor/borrower Spiral Commercial Corp
mortgagee/lender Pomerantz, Hyman Extr; Schultz, Dorthy P +1
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MORTGAGE Mar 8, 1976
mortgagor/borrower Spiral Commercial Corp
mortgagee/lender Schultz, Dorothy
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ASSIGNMENT, MORTGAGE May 5, 1971
assignor/old lender Newman, Joel
assignee/new lender Newman Evelyn
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ASSIGNMENT, MORTGAGE Jan 30, 1970
assignor/old lender Less Jack
assignee/new lender Less Joseph
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DEED Jan 9, 1970
grantor/seller Jennie Vless Rtly Corp
grantee/buyer Spiral Comm Corp
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MORTGAGE Jan 9, 1970
mortgagor/borrower Spiral Commcorp
mortgagee/lender Less Jack
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DOB violations — total 40 · open 0 · dismissed 19
Boiler Dismissed Sep 23, 2024
VIOLATION ISSUED-FAILURE TO FILE 2023 INTERNAL HGH PRESSURE INSPECTION
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E-ELEVATOR ELEVATORREQUIRED Resolved Nov 4, 2021
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Nov 4, 2021
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Sprinklers Dismissed Sep 3, 2019
FAILED TO FILE FINAL SPRINKLER REPORT BY JULY 1, 2019
BIS ↗
Benchmarking - LL84 Dismissed May 2, 2019
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 2, 2015
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 2, 2015
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FISP-FACADE SAFETY PROGRAM FACADE REQUIRED Dismissed Jun 26, 2015
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FISP-FACADE SAFETY PROGRAM FACADE REQUIRED Dismissed Jun 26, 2015
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HBLVIO-HIGH PRESSURE BOILER BOILER REQUIRED Dismissed May 15, 2014
VIOLATION ISSUED FOR FAILURE TO FILE 2012 ANNUAL HIGH PRESSURE BOILER INSPECTION
BIS ↗
FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED Dismissed Dec 31, 2013
FAILED TO FILE FISP CYCLE 7C TECHNICAL REPORT BY 02/21/2013
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 3, 2011
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E-ELEVATOR ELEVATORREQUIRED Resolved Jun 3, 2011
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E-ELEVATOR ELEVATORREQUIRED Resolved Sep 14, 2010
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E-ELEVATOR ELEVATORREQUIRED Resolved Sep 14, 2010
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E-ELEVATOR ELEVATORREQUIRED Resolved Aug 13, 2008
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E-ELEVATOR ELEVATORREQUIRED Resolved Aug 13, 2008
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E-ELEVATOR ELEVATORREQUIRED Resolved Dec 28, 2007
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E-ELEVATOR ELEVATORREQUIRED Resolved Jun 2, 2006
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E-ELEVATOR ELEVATORREQUIRED Resolved Jun 2, 2006
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E-ELEVATOR ELEVATORREQUIRED Resolved Jan 13, 2004
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LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Mar 21, 2003
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E-ELEVATOR ELEVATORREQUIRED Resolved Jan 10, 2001
1P8386
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E-ELEVATOR ELEVATORREQUIRED Resolved Feb 24, 2000
1P8307
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E-ELEVATOR ELEVATORREQUIRED Resolved Feb 24, 2000
1P8386
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E-ELEVATOR ELEVATORREQUIRED Resolved Mar 2, 1999
1P8387
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E-ELEVATOR ELEVATORREQUIRED Resolved Mar 2, 1999
1P8386
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C-CONSTRUCTION OTHER OPTIONAL Dismissed Jun 18, 1998
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Z-ZONING NONE Dismissed Jun 18, 1998
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LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Jan 6, 1998
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Feb 10, 1997
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Feb 10, 1997
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Feb 10, 1997
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Aug 29, 1995
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Sep 1, 1994
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Mar 18, 1994
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LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Mar 18, 1993
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LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Apr 7, 1992
2
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 12, 1988
(43) ADJUST OR REPLACE 51 ELIMINATE ARCHING FROM MOTOR
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 12, 1988
(30) ELIMINATE LOT MOTION AND NOISE (43) REPAIR OR REPLACE (51)REPLACE WORN WHERE NECESSARY CARBONS AND CONTACTS
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DOB complaints — total 9 · open 0 · closed 9
Permit – none (building/PA/demolition) Closed Oct 13, 2019
Complaint 1524431
View on BIS ↗
Site conditions endangering workers Closed Nov 16, 2017
Complaint 1465589
View on BIS ↗
Construction – contrary to/beyond approved plans Closed Oct 11, 2017
Complaint 1462712
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Show all 9
Category 4B Closed Sep 22, 2017
Complaint 1461263
View on BIS ↗
Permit – none (building/PA/demolition) Closed Oct 13, 2016
Complaint 1434986
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Permit – none (building/PA/demolition) Closed Oct 17, 2011
Complaint 1311299
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Illegal conversion of commercial building/space Closed Dec 8, 2008
Complaint 1243960
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Vent/exhaust – illegal/improper Closed Aug 10, 1999
Complaint 1069215
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Vent/exhaust – illegal/improper Closed Mar 15, 1995
Complaint 1033699
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No HPD violations on file.
Deed & identifiers
SBL1012630058
SWIS620100
Parcel ID6201001012630058

Who owns 38 West 48 Street?

38 West 48 Street, Manhattan is owned by Arg Properties Inc per the 2025 NYS assessment roll.
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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