# 118 East 1st Street, Manhattan

Condominium · 4 units · built 2021 · Block 429, Lot 7502.

On Umarelli: https://umarelli.org/nyc/1004297502/118-east-1-street

More construction in East Village: https://umarelli.org/nyc/manhattan/east-village.md

## Building permits

- Alteration, filed Apr 4, 2024, estimated cost $5K, described as “Application being filed for the interior alteration of the 4th floor apartment. Work to include installation of a wall in an existing recreational room to create (2) bedrooms. No change in use, egress, or occupancy.”
- Alteration, filed Jun 2, 2021, estimated cost $500, described as “Suspended Hanging Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Mar 19, 2021, estimated cost $1K, described as “Installation of supported scaffolding in accordance with nycc 2014 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Feb 26, 2021, estimated cost $320K, described as “Application filed herewith for the installation of new sprinkler/standpipe systems for new building. Filing in conjunction with NB application #122180914. Fire alarm filed under FDNY applic. #2020-TMFALM-004582.”
- Alteration, filed May 13, 2020, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Apr 23, 2018, described as “Installation of temporary construction fence per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application”

## Property taxes

- Assessment: $2,164,049
- 2026–27 tax: $269,186
- Market value (city estimate): $4,809,000
- Taxable value: $2,164,049
- Assessed land: $673,200
- Assessed improvements: $1,490,849
- Condo units with their own tax lots: 5

## Zoning

R8A: floor area ratio 5.00 built, 6.02 allowed by base zoning.

## Recent sales

- Feb 15, 2024: $3,002,147, Apt DUP 2
- Dec 22, 2023: $3,100,000, Unit GRDN
- Jul 20, 2023: $3,550,000, Apt DUP 3
- May 15, 2023: $4,852,390, Unit PH

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

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[118 East 1st Street Tops Out in Manhattan’s East Village](https://newyorkyimby.com/2021/10/118-east-1st-street-tops-out-in-manhattans-east-village.html), New York YIMBY, Oct 12, 2021.

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