NY Property Records
538 West 48 Street
538 West 48 Street
Manhattan · New York County · 10036
05 · Commercial & OfficeSold $26,500,000 · Dec 2025 ↗
Owner of record
OwnerTsq Hotel LLC
Assessment · 2025 roll
Land assessed$2,259,450
Total assessed$11,611,350
Est. annual tax$997,143 (2027, excl. special districts)
Building
StyleTransient Occupancy - Midtown Manhattan Area
Year built2010
Lot
Size0.24 acres (GIS)
Frontage × depth100 × 100 ft
Lot sq ft10,042
Zoning
DistrictR8
Special districtCL
FAR6.14 built · 6.02 max residential · 6.5 max facility
Zoning map8c
Recorded documents · 67
ASSIGNMENT, MORTGAGE
Jan 7, 2026
assignor/old lender Isreal Discount Bank Of New York
assignee/new lender Webster Bank N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$30,000,000
Jan 7, 2026
assignor Tsq Hotel LLC
assignee Webster Bank National Association
View on ACRIS ↗
DEED
$26,500,000
Jan 7, 2026
grantor/seller Glsc 48 Special LLC
grantee/buyer Tsq Hotel LLC
View on ACRIS ↗Show all 67
AGREEMENT
$30,000,000
Jan 7, 2026
party 1 Tsq Hotel LLC
party 2 Webster Bank National Association
View on ACRIS ↗
AGREEMENT
$43,000,000
Sep 4, 2024
party 1 Glsc 48 Special, LLC
party 2 Israel Discount Bank Of New York
View on ACRIS ↗
TERMINATION OF LEASE OR MEMO
Mar 29, 2019
lessor Glsc 48 Special LLC
lessee Glsc 48 Special LLC
View on ACRIS ↗
AGREEMENT
$43,000,000
Mar 26, 2019
party 1 Glsc 48 Special, LLC
party 2 Israel Discount Bank Of New York
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Mar 26, 2019
assignor/old lender Manufacturers And Traders Trust Conpany
assignee/new lender Israel Discount Bank Of New York
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Mar 26, 2019
party one Manufacturers And Traders Trust Company
party two Glsc 48 Special LLC
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Dec 30, 2015
party one German American Capital Corporation
party two Glsc 48 Special LLC
View on ACRIS ↗
LEASE
Dec 30, 2015
lessor/landlord Glsc 48 Special LLC
lessee/tenant Glsc 48 Special LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 30, 2015
assignor/old lender German American Capital Corporation
assignee/new lender Manufacturers And Traders Trust Company
View on ACRIS ↗
AGREEMENT
$46,150,000
Dec 30, 2015
party 1 Glsc 48 Special LLC
party 2 Manufacturers And Traders Trust Company
View on ACRIS ↗
MORTGAGE
$1,150,000
Dec 30, 2015
mortgagor/borrower Glsc 48 Special LLC
mortgagee/lender Manufacturers And Traders Trust Company
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$46,150,000
Dec 30, 2015
assignor Glsc 48 Special LLC
assignee Manufacturers And Traders Trust Company
View on ACRIS ↗
LEASE
Nov 6, 2014
lessor/landlord Glsc 48 Special LLC
lessee/tenant Glsc 48 Special LLC
View on ACRIS ↗
MORTGAGE
$18,190,331
Oct 25, 2014
mortgagor/borrower Glsc 48 Special LLC
mortgagee/lender German American Capital Corporation
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$45,000,000
Oct 25, 2014
assignor Glsc 48 Special LLC
assignee German American Capital Corporation
View on ACRIS ↗
AGREEMENT
$45,000,000
Oct 25, 2014
party 1 Glsc 48 Special LLC
party 2 German American Capital Corporation
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Oct 25, 2014
assignor/old lender Bank Of The Ozarks
assignee/new lender German American Capital Corporation
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Oct 25, 2014
party one Bank Of The Ozarks
party two Glsc 48 Special LLC
View on ACRIS ↗
DEED
$16,500,000
Oct 9, 2014
grantor/seller 540 West 48th Street Corp.
grantee/buyer Glsc 48 Special LLC
View on ACRIS ↗
ASSIGNMENT OF LEASE
Oct 9, 2014
party 1 540 West 48th Street Corp.
party 2 Glsc 48 Special LLC
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jul 15, 2013
party one Gemini 538 W48, LLC
party two Glsc 48 Special LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jul 15, 2013
assignor/old lender Gemini 538 W48, LLC
assignee/new lender Bank Of The Ozarks
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jul 15, 2013
party one Gemini 538 W48, LLC
party two Glsc 48 Special LLC
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$27,000,000
Jul 15, 2013
assignor Glsc 48 Special LLC
assignee Bank Of The Ozarks
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jul 15, 2013
assignor/old lender Gemini 538 W48, LLC
assignee/new lender Bank Of The Ozarks
View on ACRIS ↗
AGREEMENT
$27,000,000
Jul 15, 2013
party 1 Glsc 48 Special LLC
party 2 Bank Of The Ozarks
View on ACRIS ↗
MORTGAGE
$4,000,000
Jul 15, 2013
mortgagor/borrower Glsc 48 Special LLC
mortgagee/lender Bank Of The Ozarks
View on ACRIS ↗
MORTGAGE
$11,228,906
Jun 27, 2012
mortgagor/borrower Glsc 48 Special LLC
mortgagee/lender Gemini 538 W48, LLC
View on ACRIS ↗
MORTGAGE
$5,771,094
Jun 27, 2012
mortgagor/borrower Glsc 48 Special LLC
mortgagee/lender Gemini 538 W48, LLC
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$17,228,906
Jun 27, 2012
assignor Glsc 48 Special LLC
assignee Gemini 538 W 48, LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jun 27, 2012
assignor/old lender Gemini 538 W48, LLC
assignee/new lender Gemini 538 W48, LLC, As Administrative Agent
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
Jun 27, 2012
assignor Glsc 48 Special LLC
assignee Gemini 538 W48, LLC
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jun 27, 2012
party one Gemini 538 W 48, LLC
party two Glsc 48 LLC
View on ACRIS ↗
AGREEMENT
$17,228,906
Jun 27, 2012
party 1 Glsc 48 Special LLC
party 2 Gemini 538 W 48, LLC
View on ACRIS ↗
MORTGAGE
$6,000,000
Apr 10, 2012
mortgagor/borrower Glsc 48 LLC
mortgagee/lender Gemini 538 W48, LLC
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$6,000,000
Apr 10, 2012
assignor Glsc 48 LLC
assignee Gemini 538 W48, LLC
View on ACRIS ↗
MEMORANDUM OF LEASE
$751,672
Jul 18, 2008
lessor 540 West 48th Street Corp
lessee Glsc 48 LLC
View on ACRIS ↗
DEED
Feb 28, 1991
grantor/seller P. Chimento Co Inc
grantee/buyer 540 West 48th Stcorp
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Feb 28, 1991
mortgager/borrower P. Chimento Co Inc.
mortgagee/lender Banco Popular Etc
View on ACRIS ↗
MORTGAGE
$4,450,000
Jul 25, 1988
mortgagor/borrower P Chimento Co Inc
mortgagee/lender Banco Popular De P R
View on ACRIS ↗
DEED
Jul 22, 1987
grantor/seller New York City Indutletc
grantee/buyer Potomac Realty Co.
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Jul 22, 1987
mortgager/borrower Nyc Ind'L Dvlmt Agency
mortgagee/lender U.S. Trust Co./N.Y.
View on ACRIS ↗
AGREEMENT
Jul 22, 1987
party 1 Nyc Industrial Dvlpagcy; Potomac Realty Co
party 2 Potomac Graphic Indsinc
View on ACRIS ↗
DEED
Apr 4, 1986
grantor/seller Potomac Realty Co
grantee/buyer Nyc Industrial Dvlpagcy
View on ACRIS ↗
LEASE
Apr 4, 1986
lessor/landlord Nyc Industl Dvlmt Agency
lessee/tenant Potomac Realty Co.
View on ACRIS ↗
MORTGAGE
$3,600,000
Apr 4, 1986
mortgagor/borrower Nyc Industrial Etal
mortgagee/lender United States Tr Cony
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Mar 20, 1986
mortgager/borrower New York City Industetc
mortgagee/lender J Henry Schroder Bketc
View on ACRIS ↗
DEED
Mar 10, 1986
grantor/seller Nyc Industrial Dvlpagcy
grantee/buyer Electrographic Corp
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Mar 10, 1986
mortgager/borrower Electrographic Corp
mortgagee/lender Walter E Heller & Coinc
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 3, 1982
assignor/old lender Ec Holding Company
assignee/new lender Electrographic Corp.
View on ACRIS ↗
MORTGAGE
$495,000
Sep 3, 1982
mortgagor/borrower Electrographic Corp.
mortgagee/lender Walter E. Heller/Co,Inc
View on ACRIS ↗
MORTGAGE
Oct 4, 1978
mortgagor/borrower New Yrk Cty Indstrletal
mortgagee/lender J Henry Schroder Bketal
View on ACRIS ↗
DEED
Oct 4, 1978
grantor/seller Schnurmacher Bors Dba; Schnurmacher, Adolph +2
grantee/buyer New Yrk Cty Indsrtletal
View on ACRIS ↗DOB violations — total 55 · open 3 · dismissed 28
C-CONSTRUCTION OTHER OPTIONAL
Active
Feb 3, 2026
FTM BLDG. OBSRVD ON EXP 1,2&4 MISSING COPING STONE @ SOME SECTION ON PARAPET. EXP 1 N.ELEV DAMAGED MORTAR JOINTS ON PARAPET BRICK WRK. EXP3 W.ELEV: DA
BIS ↗Elevators
Dismissed
Aug 29, 2025
BIS ↗Elevators
Dismissed
Aug 29, 2025
BIS ↗Show all 55
C-CONSTRUCTION OTHER OPTIONAL
Active
Sep 12, 2024
FAILURE TO MAINTAIN BUILDING IN A CODE COMPLIANT MANNER. NOTE: OBSERVE @ EXP 4(W.ELEV) LARGE VERTICLE CRACKS @ MASONRY ON SW CORNER. ALSO OBSERVED OPE
BIS ↗Facades
Active
Jun 3, 2024
CYCLE 9A UNSAFE REPORT FILED
BIS ↗Energy Grade - LL33
Dismissed
Dec 1, 2023
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗Elevators
Dismissed
Oct 23, 2023
BIS ↗Elevators
Dismissed
Oct 23, 2023
BIS ↗Benchmarking - LL84
Dismissed
May 2, 2023
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Facades
Dismissed
Feb 22, 2022
FAILED TO FILE FISP CYCLE 9A TECHNICAL REPORT BY 02/21/2022
BIS ↗Energy Grade - LL33
Dismissed
Apr 29, 2021
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 6, 2021
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 6, 2021
BIS ↗Benchmarking - LL84
Dismissed
Feb 2, 2021
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
Nov 2, 2020
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
Aug 2, 2020
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
May 2, 2020
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗AEUHAZ
Dismissed
May 16, 2019
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Mar 6, 2018
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Mar 6, 2018
BIS ↗AEUHAZ
Dismissed
Jan 24, 2018
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗AEUHAZ
Dismissed
Jul 13, 2016
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 20, 2015
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 20, 2015
BIS ↗Benchmarking - LL84
Dismissed
Jun 3, 2013
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Dismissed
Mar 1, 2013
VIOLATION ISSUED FOR FAILURE TO FILE ANNUAL BOILER 2011 INSPECTION REPORT
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 12, 2012
BIS ↗EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
Dismissed
Oct 1, 2012
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2011 INSPECTION/TEST
BIS ↗Benchmarking - LL84
Dismissed
May 3, 2012
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Dismissed
Dec 13, 2011
VIOLATION ISSUED FOR FAILURE TO FILE ANNUAL BOILER 2010 INSPECTION REPORT
BIS ↗VCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
Dismissed
Oct 8, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Work W/O Permit Dismissed
Aug 10, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Work W/O Permit Dismissed
Aug 10, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Work W/O Permit Dismissed
Aug 10, 2010
BIS ↗LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Dismissed
Dec 31, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 8, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 8, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 8, 2009
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Feb 27, 2009
BIS ↗LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Dismissed
Jan 1, 2009
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Apr 2, 2007
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 8, 2005
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 8, 2005
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 8, 2005
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 10, 2003
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 10, 2003
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 21, 2002
1P36644
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 21, 2002
1P36643
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 9, 2001
1P29568
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 9, 2001
1P36643
BIS ↗LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Dismissed
Feb 7, 2000
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Sep 23, 1999
1P36644
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Jun 29, 1990
2
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Oct 12, 1989
2
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Dec 12, 1988
(38) REPAIR & ADJUST DOOR OPERATOR FOR PROPER OPERATION
BIS ↗DOB complaints — total 29 · open 1 · closed 28
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Aug 17, 2025
Complaint 1702478
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Jul 1, 2025
Complaint 1699032
View on BIS ↗Show all 29
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Apr 9, 2025
Complaint 1692785
View on BIS ↗
Construction – contrary to/beyond approved plans
Closed
Feb 24, 2021
Complaint 1565149
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Jan 17, 2019
Complaint 1499504
View on BIS ↗
Construction – contrary to/beyond approved plans
Closed
May 25, 2011
Complaint 1303268
View on BIS ↗No HPD violations on file.
Deed & identifiers
SBL1010760051
SWIS620100
Parcel ID6201001010760051
Who owns 538 West 48 Street?
538 West 48 Street, Manhattan is owned by Tsq Hotel LLC per the 2025 NYS assessment roll. It last sold for $26,500,000 in Dec 2025.
Nearby on West 48 Street
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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