# 40 Fulton Street, Manhattan

Commercial · built 1987 · Block 75, Lot 21.

On Umarelli: https://umarelli.org/nyc/1000750021/40-fulton-street

More construction in Financial District: https://umarelli.org/nyc/manhattan/financial-district.md

## Building permits

- Alteration, filed May 15, 2026, estimated cost $20K, described as “Interior demolition work as shown in plans. No change to egress, use, or occupancy.”
- Alteration, filed Dec 19, 2025, estimated cost $20K, described as “Window replacement work as shown.”
- Major Renovation — Conversion, filed Dec 19, 2025, estimated cost $17.0M, 169 units added, 28 stories, described as “MPP PROJECT-000000487. PLEASE ASSIGN TO MPP EXAMINER. Filing for the conversion of an office to a residential use per Article 1 Chapter 5.”
- Alteration, filed Oct 25, 2024, estimated cost $125K, described as “Construction work on the 21st floor (Cooper Robertson) as indicated on drawings.”
- Alteration, filed May 15, 2024, estimated cost $22K, described as “Structural work (slab infill) on the 29th floor as indicated on drawings.”
- Alteration, filed May 9, 2024, estimated cost $23K, described as “Architectural work (stair demolition) on the 28th and 29th floor as indicated on drawings.”
- Alteration, filed Jan 26, 2024, estimated cost $36K, described as “CSG - Plumbing work on the 23rd floor as indicated on drawings”
- Alteration, filed Jan 26, 2024, estimated cost $44K, described as “CSG - Sprinkler work on the 23rd floor as indicated on drawings.”
- Alteration, filed Jan 26, 2024, estimated cost $244K, described as “CSG - Mechanical work on the 23rd floor as indicated on drawings.”
- Alteration, filed Dec 19, 2023, estimated cost $459K, described as “CSG - Construction work on the 23rd floor as indicated on drawings. EN drawings for lighting are submitted under M00931065-I1”
- Alteration, filed Oct 24, 2023, estimated cost $29K, described as “Restrooms - Plumbing work on the 6th floor as indicated on drawings.”
- Alteration, filed Oct 24, 2023, estimated cost $9K, described as “Restrooms - Mechanical work on the 6th floor as indicated on drawings.”
- Alteration, filed Oct 24, 2023, estimated cost $4K, described as “Restrooms - Sprinkler work on the 6th floor as indicated on drawings.”
- Alteration, filed Oct 23, 2023, estimated cost $56K, described as “Next Model - Sprinkler work on the 6th floor as indicated on drawings”
- Alteration, filed Oct 23, 2023, estimated cost $254K, described as “Next Model- Mechanical work on the 6th floor as indicated on drawings”
- Alteration, filed Oct 23, 2023, estimated cost $28K, described as “Next Model - Plumbing work on the 6th floor as indicated on drawings.”
- Alteration, filed Oct 19, 2023, estimated cost $520K, described as “Next Model - Construction work on the 6th floor as indicated on drawings. EN drawings for lighting are submitted under M00873868-I1”
- Alteration, filed Oct 19, 2023, estimated cost $30K, described as “Restrooms - Construction work on the 6th floor as indicated on drawings. EN drawings for lighting submitted under M00930736-I1”
- Alteration, filed Sep 18, 2023, estimated cost $368K, described as “Direct replacement of (1) 10 ton and (2) 8 ton air cooled heat recovery split systems. All split systems consist of an outdoor condensing unit, heat recovery boxes and indoor ceiling hung air handling units or wall-mounted evaporators.”
- Alteration, filed Aug 18, 2023, estimated cost $6K, described as “Sprinkler work on the 16th floor (gard work) as indicated on drawings.”
- Alteration, filed Aug 18, 2023, estimated cost $48K, described as “Plumbing work on the 16th floor (gard work) as indicated on drawings”
- Alteration, filed Aug 18, 2023, estimated cost $19K, described as “Mechanical work on the 16th floor (gard work) as indicated on drawings.”
- Alteration, filed Aug 17, 2023, estimated cost $45K, described as “Construction work on the 16th floor (gard work) as indicated on drawings”
- Alteration, filed Jun 30, 2023, estimated cost $50K, described as “Seaport Capital - Construction work on the 27th floor as indicated on drawings. EN drawings for lighting are submittal under M00883859-I1”
- Alteration, filed Jun 29, 2023, estimated cost $22K, described as “Seaport Capital - Plumbing work on the 27th floor as indicated on drawings.”

62 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1000750021/40-fulton-street.

## Property taxes

- Assessment: $20,189,250
- 2026–27 tax: $1,980,734
- Market value (city estimate): $44,865,000
- Taxable value: $18,258,981
- Assessed land: $4,545,000
- Assessed improvements: $15,644,250

## Zoning

C6-4: floor area ratio 19.83 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 21, 2022: $101,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).

## Board and land use applications

- LM Plaza Applicability Text Amendment (City Planning P2017M0129): Completed, decided Jul 26, 2017. Zoning text amendment to Section 91-24 affecting the applicability of the public plaza bonus for sites within 50' of designated streets in C6-4 districts within the Special Lower Manhattan District.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology