540 West 29th Street, Manhattan
Vacant land · Block 700, Lot 56.
Building permits
- New Building — Mid-Rise, filed Oct 14, 2026, 76 units, 14 stories, described as “Proposed 14 story NB residential building”
- Alteration, filed Mar 6, 2024, estimated cost $5K, described as “Installation of 300 psf sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Demolition, filed Dec 21, 2023, estimated cost $300K, described as “Full demolition of three story structure using hand held and mechanical to assist”
- Alteration, filed Nov 9, 2018, estimated cost $1K, described as “Installation of construction fence to protect site, during full demolition”
Property taxes
- Assessment
- $135,900
- 2026–27 tax
- $14,742
- Market value (city estimate)
- $302,000
- Taxable value
- $135,900
- Assessed land
- $135,900
Zoning
C6-3: floor area ratio 0.00 built, 7.52 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.
Recent sales
- Aug 20, 2026: $33,500,000, sold with other lots
- Mar 13, 2019: $9,675,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 542 West 29th St. WCh Affordable Housing Fund Cert (City Planning 2020M0375): Certification, Filed, filed May 21, 2020. This is a private application by W29 Owner LLC for a Chairperson certification pursuant to ZR 98-262(c) to permit an increase in the allowable FAR through a contribution to the West Chelsea Affordable Housing Fund (WCAHF) on the property…
In the news
538-542 West 29th Street Prepares For Demolition in West Chelsea, Manhattan, New York YIMBY, Mar 3, 2024.