# 561 Greenwich Street, Manhattan

Commercial · built 2021 · Block 598, Lot 42.

On Umarelli: https://umarelli.org/nyc/1005980042/561-greenwich-street

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

## Building permits

- Alteration, filed Sep 9, 2026, estimated cost $4.5M, described as “Commercial tenant improvement (paypal) on single tenant construction floors 6 thru 8 (marketing floors 7 thru 9) mechanical work. No change in use, egress or occupancy.”
- Alteration, filed Sep 3, 2026, estimated cost $350K, described as “Sprinkler work as per plans”
- Alteration, filed Sep 3, 2026, estimated cost $40K, described as “Standpipe work as per plans”
- Alteration, filed Sep 3, 2026, estimated cost $215K, described as “Plumbing installation as per plans”
- Alteration, filed Sep 2, 2026, estimated cost $45K, described as “Commercial tenant improvement structural framing (paypal) on single tenant construction floors 6 thru 8 (marketing floors 7 thru 9). No change in use, egress or occupancy”
- Alteration, filed Sep 2, 2026, estimated cost $7.3M, described as “Commercial tenant improvement (paypal) on single tenant construction floors 6 thru 8 (marketing floors 7 thru 9) including construction of non-structural partitions, ceilings, finishes, and furniture/equipment. No change in use, egress or…”
- Alteration, filed Jul 20, 2026, estimated cost $1K, described as “This application is to capture EUPs that were missing from original MH application M00323842.Application is in conjunction with NB #121206523. Full new building energy package filed under NB # 121206523. Minimal estimated costs used in…”
- Alteration, filed Mar 25, 2026, estimated cost $600K, described as “Work on the 1ST and cellar floor for eating and drinking establishment as per plans.”
- Alteration, filed Jan 29, 2026, estimated cost $30K, described as “Back of house stair alterations as per plans”
- Alteration, filed Jan 27, 2026, estimated cost $40K, described as “Minor plubing & sprinkler work as per plans.”
- Alteration, filed Jan 27, 2026, estimated cost $40K, described as “Minor mechancial work as per plans”
- Alteration, filed Jan 27, 2026, estimated cost $100K, described as “Interior base building improvements to install new connecting convenience stair in retail space including removal work, construction of new rated and non-rated partitions, and structural reinforc”
- Alteration, filed Jul 16, 2025, estimated cost $1.1M, described as “Mechanical work as per plans”
- Alteration, filed Jul 15, 2025, estimated cost $174K, described as “Plumbing & sprinkler work as per plans.”
- Alteration, filed Jun 25, 2025, estimated cost $2.5M, described as “Interior renovation of non loading partitions,ceilings, floors and doors as per plans.”
- Alteration, filed Mar 28, 2025, estimated cost $68K, described as “Application filed for mechanical modifications/additions to existing 1ST floor retail space b as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Feb 25, 2025, estimated cost $45K, described as “Minor sprinkler work as per plans.”
- Alteration, filed Oct 24, 2024, estimated cost $10K, described as “Installation of temporary roof protection as per plans during general construction work. No change in use, egress or occupancy. Roof protection shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Sep 9, 2024, estimated cost $86K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings and finishes to existing 1ST floor retail space b as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Sep 6, 2024, estimated cost $70K, described as “Structural work limited to the support of mechanical piping and small access catwalk on roof as indicated on drawings.”
- Alteration, filed Sep 3, 2024, estimated cost $35K, described as “Erect raised catwalk over new ductwork at roof.”
- Alteration, filed Aug 28, 2024, estimated cost $175K, described as “Install piping at rooftop mechanical units on roof as indicated on drawings.”
- Alteration, filed Dec 7, 2023, estimated cost $675, described as “Install exterior non-illuminated wall sign (555 greenwich )”
- Alteration, filed Aug 3, 2023, estimated cost $400K, described as “Alterations/modifications to exsiting mechanical systems as per plans filed herewith.”
- Alteration, filed Aug 3, 2023, estimated cost $200K, described as “Modifications to existing plumbing/sprinkler fixtures as per plans filed herewith.”

32 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1005980042/561-greenwich-street.

## Property taxes

- Assessment: $36,298,800
- 2026–27 tax: $3,937,694
- Market value (city estimate): $80,664,000
- Taxable value: $36,298,800
- Assessed land: $1,431,900
- Assessed improvements: $34,866,900

## Zoning

M1-6: floor area ratio 10.38 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## Board and land use applications

- HUDSON SQUARE SPECIAL DISTRICT (City Planning P2012M0255): Completed, decided Mar 26, 2013. Zoning text and map amendments to establish the Special Hudson Square District.
- 551-559 GREENWICH ST. (City Planning P1985M0340): Completed, decided Feb 28, 1985. SPEC PERM (ZR13-461) FOR AN OFF-SITE ATTENDED OPEN\*ACCESSORY 85 SPACE PARKING LOT ACROSS THE ST FROM A\*PROPOSED COMMRL DEVELOPMENT AT 375 HUDSON

## In the news

[New Lease Signed At 555 Greenwich Street And 345 Hudson Street In Hudson Square, Manhattan](https://newyorkyimby.com/2024/06/new-lease-signed-at-555-greenwich-street-and-345-hudson-street-in-hudson-square-manhattan.html), New York YIMBY, Jun 1, 2024.

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