249 West 55 Street
Midtown West, Manhattan
Parcel ID (BBL): 1010270007
Owner: David Mandelbaum
Acquired: June 08, 2023, $28.5 million
Debt: July 24, 2024, $52.5 million
Built: 1914
Renovated: 1989
SF: 63,500
Dwelling units: 0
No. of buildings: 1
Class: Office Only – 7 to 19 stories (O3)
Floors: 11
Transactions:
• David Mandelbaum and Michael Mandelbaum borrowed $52.5 million from Bank OZK for 245 West 55th Street, Midtown West, Manhattan on July 24, 2024.
• David Mandelbaum and Michael Mandelbaum borrowed $6 million from Mandelbank GMBH for 245 West 55th Street, Midtown West, Manhattan on June 08, 2023.
• DuArt Media Services sold 245 West 55th Street, Midtown West, Manhattan for $28.5 million to David Mandelbaum and Michael Mandelbaum on June 08, 2023.
• DuArt Media Services borrowed $6 million from Signature Bank for 245 West 55th Street, Midtown West, Manhattan on July 17, 2020.
Development:
• Madigan Development filed major alteration job M00940950 for 68,206 sqft R-2 building with 42 apartments in Midtown West, Manhattan, on January 26, 2024.
• Louis Madigan filed alteration job M01409573 for 15,000 sqft building with 8 apartments in Midtown West, Manhattan, on June 10, 2026.
• Louis Madigan filed alteration job M01357248 for 120 sqft building with 8 apartments in Midtown West, Manhattan, on February 11, 2026.
• Louis Madigan filed alteration job M01096062 for 5,000 sqft building with 380 apartments in Midtown West, Manhattan, on January 29, 2026.
• Louis Madigan filed alteration job M01326962 for building in Midtown West, Manhattan, on December 02, 2025.
• Louis Madigan filed alteration job M01293816 for 950 sqft building with 0 apartments in Midtown West, Manhattan, on October 22, 2025.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received one DOB violation, $5,000 in ECB penalties, and $6,200 in OATH penalties in the last year.