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2024 - 2025 Tentative Assessment
Tentative Assessment Roll for2024-2025 | City of New York
Taxable Status DateJanuary 5, 2024
 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 VALUE43,000,00056,081,000
                                 MARKET AV19,350,00025,236,450
                                 MARKET EX0
                                 TRANS AV19,350,00025,853,040
                                 TRANS EX0

Taxable/Billable Assessed Value
Assessed Value
Subject To Adjustments, Your 2024/25 Taxes Will Be Based On25,236,450

Market Value History
Tax YearMarket Value
2024 - 2025 (tentative)56,081,000                                                           
2023 - 202455,934,000                                                           
2022 - 202353,318,000                                                           
2021 - 202250,568,000                                                           
2020 - 202171,355,000                                                           

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


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