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2023 - 2024 Final Assessment

Final Assessment Roll for2023-2024 | City of New York
Taxable Status DateJanuary 5, 2023
 EXPLANATION OF ASSESSMENT ROLL
Owner NameKORPENN
Property Address420 7 AVENUE 10001
Billing Name and AddressONE PENN PLAZA LLC C/
 CONTROLLER
 210 ROUTE 4 EAST C/O VORNADO REALTY TRUST
 PARAMUS NJ 07652
Tax Class4
Building ClassK1 - ONE STORY RETAIL

Property Owner(s)

KORPENN

Land Information

Lot Size 
        Frontage (feet)197.50
        Depth (feet)100.00
        Land Area (sqft)17,773
Regular / IrregularIrregular
CornerCorner
Number of Buildings1
Building Size 
        Frontage (feet)197.00
        Depth (feet)100.00
Stories1
ExtensionN

Assessment Information

DescriptionLandTotal
                                 ESTIMATED MARKET VALUE43,000,00055,934,000
                                 MARKET AV19,350,00025,170,300
                                 MARKET EX0
                                 TRANS AV19,350,00027,573,300
                                 TRANS EX0

Taxable/Billable Assessed Value

Assessed Value
Subject To Adjustments, Your 2023/24 Taxes Will Be Based On25,170,300

Market Value History

Tax YearMarket Value
2023 - 202455,934,000                                                           
2022 - 202353,318,000                                                           
2021 - 202250,568,000                                                           
2020 - 202171,355,000                                                           
2019 - 202075,195,000                                                           

Note

For more information about how your property taxes are calculated, visit http://nyc.gov/assessments.



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