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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 NameTHE PENN TRUST
Property Address248 PENN STREET 11211
Billing Name and Address 
  
  
  
Tax Class1
Building ClassC0 - THREE FAMILIES

Property Owner(s)
THE PENN TRUST
MAYER (TRUSTEE), SHAINDY

Land Information
Lot Size 
        Frontage (feet)20.17
        Depth (feet)100.00
        Land Area (sqft)2,017
Regular / IrregularRegular
Corner 
Number of Buildings1
Building Size 
        Frontage (feet)20.17
        Depth (feet)55.00
Stories3
ExtensionN

Assessment Information
DescriptionLandTotal
                                 ESTIMATED MARKET VALUE318,0002,891,000
                                 6-20% limitation - AV5,29748,154
                                 EXEMPT VALUE1,400

Taxable/Billable Assessed Value
Assessed Value
Subject To Adjustments, Your 2024/25 Taxes Will Be Based On46,754

Exemption Information
CodeDescriptionExempt Value
41856BASIC STAR1,400

Market Value History
Tax YearMarket Value
2024 - 2025 (tentative)2,891,000                                                           
2023 - 20242,836,000                                                           
2022 - 20232,394,000                                                           
2021 - 20222,419,000                                                           
2020 - 20212,492,000                                                           

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


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