# 515 West 27th Street, Manhattan

Commercial · built c. 1935 · Block 699, Lot 23.

On Umarelli: https://umarelli.org/nyc/1006990023/515-west-27-street

More construction in Chelsea: https://umarelli.org/nyc/manhattan/chelsea.md

## Building permits

- New Building — Mid-Rise, filed Mar 11, 2026, 56 units, 16 stories, described as “New 16 story mixed use building.”
- Demolition, filed May 19, 2026, estimated cost $15K, described as “Demo detached 1 story structure slab on grade”

## Property taxes

- Assessment: $1,014,750
- 2026–27 tax: $106,858
- Market value (city estimate): $2,255,000
- Taxable value: $985,050
- Assessed land: $102,150
- Assessed improvements: $912,600

## Zoning

C6-3: floor area ratio 1.00 built, 7.52 allowed by base zoning.

## Recent sales

- May 5, 2026: $4,025,000, 2,465 sq ft ($1,633 per sq ft)

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

## Flood zone

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

## In the news

[Permits Filed for 515 West 27th Street in Chelsea, Manhattan](https://newyorkyimby.com/2026/03/permits-filed-for-515-west-27th-street-in-chelsea-manhattan.html), New York YIMBY, Mar 15, 2026.

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