787 Broadway, Manhattan
Dormitory · built c. 1929 · Block 562, Lot 30.
Building permits
- Alteration, filed Jun 2, 2021, estimated cost $175K, described as “General construction including installation and removal of partitions.”
- Alteration, filed May 26, 2021, estimated cost $15K, described as “Modification of existing dorm room sprinkler head locations to match architectural layout. No change to use egress or occupancy.”
- Alteration, filed May 26, 2021, estimated cost $100K, described as “Plumbing modifications as per submitted plans. no change to use egress or occupancy.”
- Alteration, filed May 26, 2021, estimated cost $40K, described as “Duct modifications as per attached files. no change to use egress or occupancy.”
Property taxes
- Assessment
- $11,070,450
- Market value (city estimate)
- $24,601,000
- Taxable value
- $0
- Assessed land
- $2,925,000
- Assessed improvements
- $8,145,450
Tax breaks
- Nonprofit exemption (student dormitory), with no end date, about $1,200,922 a year below the full tax.
Zoning
C6-1 (part of the lot is R7-2): floor area ratio 14.85 built, above the 6.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Union Square South (City Planning 2019M0123): Completed, decided Nov 4, 2020. This is an application by the Department of City Planning requesting a zoning map and zoning text amendment to expand the Special Union Square District, create a new subdistrict (Subdistrict B), and establish a special permit for new hotel…