123 Watts Street, Manhattan
Mixed use · 1 unit · built 1940 · Block 225, Lot 4.
Building permits
- Alteration, filed Nov 17, 2025, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Nov 17, 2025, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Feb 21, 2024, estimated cost $320K, described as “Perform minor interior partition demolition & construction inconjunction with existing art studios renovation. Install ADA wheelchair lift & exterior stair on first floor. Replace existiing storefront. Remove pantry areas on 2ND & 3RD…”
Property taxes
- Assessment
- $892,800
- 2026–27 tax
- $88,562
- Market value (city estimate)
- $1,984,000
- Taxable value
- $816,390
- Assessed land
- $111,600
- Assessed improvements
- $781,200
Zoning
C6-2A: floor area ratio 4.09 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Dec 8, 2023: $7,675,000
Open-market sales since 2016, from the Department of Finance’s sales files.