# 481 Washington Street, Manhattan

Condominium · 13 units · built c. 1900 · Block 595, Lot 7507.

On Umarelli: https://umarelli.org/nyc/1005957507/481-washington-street

More construction in SoHo: https://umarelli.org/nyc/manhattan/soho.md

Every lot on block 595: https://umarelli.org/nyc/manhattan/595.md

## Building permits

- Alteration, filed May 30, 2025, estimated cost $100K, described as “Herewith filing for mechanical work as per plans for apt #phb. No change to use, egress or occupancy under this application.”
- Alteration, filed May 15, 2025, estimated cost $73K, described as “Herewith filing for modification of existing sprinkler system as per plans for apt #phb. No change to use, egress or occupancy under this application.”
- Alteration, filed May 15, 2025, estimated cost $70K, described as “Herewith filing for plumbing work as per plans for apt #phb. No change to use, egress or occupancy under this application.”
- Alteration, filed May 14, 2025, estimated cost $220K, described as “Herewith filing for general construction work as per plans for apt #phb . No change to use, egress or occupancy under this application. This filing is being submitted and reviewed under the 1938 code. Filed in…”
- Alteration, filed Oct 21, 2024, estimated cost $9K, described as “Installation of 300PSF sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with ch #33 of the NYC code 2022. No change in use, occupancy or egress under this application.”
- Alteration, filed Sep 16, 2024, estimated cost $180K, described as “Masonry facade repairs as per drawings. No change to use, egress or occupancy.”
- Alteration, filed Feb 21, 2024, estimated cost $150K, described as “Cellar: new storage rooms. First floor: new pantry, new retail sales processing counters and 1 new office. No change in bulk, use, egress or occupancy.”
- Alteration, filed Nov 21, 2023, estimated cost $65K, described as “Minor renovation of unit phc. Existing layout of apartment to remain. Plumbing filed separately. No change in use, egress or occupancy”
- Alteration, filed Aug 18, 2022, estimated cost $45K, described as “Replace and relocate existing fixtures in unit 5S. Remove existing gas range and gas meter in apt. Pl job filed in conjunction with alt 2 M00729312. No change in egress, use or occupancy”
- Alteration, filed Jul 5, 2022, estimated cost $90K, described as “Minor renovation of unit 5S. Existing layout of apartment to remain. Plumbing filed under separate application. No change in use, egress or occupancy”
- Alteration, filed Jul 28, 2021, estimated cost $60K, described as “Install structural support for new roof top pergola.”
- Alteration, filed Jul 27, 2021, estimated cost $350K, described as “Replace existing terrace finishes. Install new pergola. Plumbing and structural work filed separately.”

## Property taxes

- Assessment: $8,874,451
- 2026–27 tax: $829,769
- Market value (city estimate): $19,720,999
- Taxable value: $7,790,770
- Assessed land: $432,000
- Assessed improvements: $8,442,451
- Condo units with their own tax lots: 15

## Tax breaks

- Co-op and condo abatement, with no end date, a $123,191 credit this tax year.

## Zoning

C6-2A: floor area ratio 6.77 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 11, 2025: $4,800,000, Apt 5N
- Apr 23, 2025: $4,832,000, Apt 6N
- Feb 24, 2025: $5,146,000, Unit PHB
- Feb 10, 2025: $4,250,000, Apt 1S
- May 29, 2024: $4,600,000, Apt 3N
- May 23, 2023: $2,900,000, Unit PHC
- Feb 28, 2023: $5,187,000, Apt 6S
- Oct 7, 2021: $5,100,000, Apt 5S
- Feb 13, 2017: $4,550,000, Apt 2S
- May 25, 2016: $2,100,000, Apt 1S

The 10 most recent of 11 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 12 ft (NAVD88).

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