# 505 West 37th Street, Manhattan

Apartment building · 835 units · built 2007 · Block 709, Lot 31.

On Umarelli: https://umarelli.org/nyc/1007090031/505-west-37-street

More construction in Hudson Yards: https://umarelli.org/nyc/manhattan/hudson-yards.md

## Building permits

- Alteration, filed Sep 16, 2026, estimated cost $65K, described as “Plumbing work on the first floor as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed May 5, 2026, estimated cost $5K, described as “Sign installations as per plans filed herewith. No change to use egress, or occupancy.”
- Alteration, filed Apr 8, 2026, estimated cost $5K, described as “Installation of a pipe scaffold.”
- Alteration, filed Apr 8, 2026, estimated cost $5K, described as “Installation of a heavy sidewalk shed to include storage.”
- Alteration, filed Apr 2, 2026, described as “Installation of temporary suspended scaffold equipment.”
- Alteration, filed Mar 16, 2026, estimated cost $5K, described as “Sign installation as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Feb 13, 2026, estimated cost $825K, described as “Filing for faade repairs work that includes repair of concrete balconies, repair of deteriorated sealants, application of coatings, etc. as shown on drawings filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Jul 8, 2025, estimated cost $185K, described as “Interior and limited exterior Alteration to existing 1st Floor Commercial Space. No change to use, Eggress or Occupancy.”
- Alteration, filed Jan 20, 2025, described as “IRA to assist in Condition Assessment”
- Alteration, filed Jul 18, 2024, estimated cost $48K, described as “Interior renovation of retail space (nail shop) at 1ST floor in conjunction with DOB#M08034809-I1 (alt-co). Work includes installation of interior partitions, awning, misc. Carpentry, and mechanical system. No change in use, egress, and…”
- No Work, filed May 2, 2024
- Alteration, filed Mar 27, 2024, estimated cost $37K, described as “Replace gas fired hot water heater as per plans. No change to use, occupancy or egress.”
- Alteration, filed Jul 7, 2023, estimated cost $8K, described as “Installation of New Plumbing fixtures at 1st floor.”
- Alteration, filed Jun 21, 2023, estimated cost $40K, described as “Renovation to existing Restaurant, remove and install partitions and hung ceilings per plans filed”
- Alteration, filed Jun 21, 2023, estimated cost $10K, described as “Sprinkler modifications to existing system related to Restaurant renovation”
- Alteration, filed Jun 21, 2023, estimated cost $10K, described as “Mechanical and HVAC equipment and ductwork related to Restaurant renovation”
- Alteration, filed Jun 21, 2023, estimated cost $20K, described as “Plumbing modifications to existing system related to Restaurant renovation”
- No Work, filed Jan 5, 2023
- Alteration, filed Nov 17, 2022, estimated cost $37K, described as “Change Use and demise a portion of the first floor. General Construction per plans filed.”
- Alteration, filed Nov 3, 2022, estimated cost $6K, described as “Remove and install plumbing fixtures and related piping per plans.”
- Alteration, filed Oct 25, 2022, estimated cost $17K, described as “Interior demolition of non load bearing partitions, the addition of 2 new exterior doors and ADA toilet room.”
- Alteration, filed Feb 22, 2022, estimated cost $35K, described as “Hereby filing for the interior renovation of existing commercial space on first floor (installation of mechanical equipment for kithcen - exhaust, make up air, etc). No change in use, egress or occupancy.”
- Alteration, filed Feb 10, 2022, estimated cost $50K, described as “Hereby filing for the interior renovation of existing commercial space on first floor. No change in use, egress or occupancy.”
- Alteration, filed Feb 10, 2022, estimated cost $24K, described as “Hereby filing for the interior renovation of existing commercial space on first floor (installation of plumbing fixtures). No change in use, egress or occupancy.”
- Alteration, filed Oct 18, 2021, estimated cost $30K, described as “Demolition and construction of interior partitions, raised floor platforms, and millwork on the first floor only. No change in use, egress, or occupancy.”

## Property taxes

- Assessment: $88,571,250
- 2026–27 tax: $4,405,283
- Market value (city estimate): $196,825,000
- Taxable value: $35,413,854
- Assessed land: $18,000,000
- Assessed improvements: $70,571,250

## Tax breaks

- 421-a exemption, through Jun 30, 2031, about $5,888,418 a year below the full tax.

## Zoning

C2-8: floor area ratio 13.62 built, above the 10.00 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

- 485 10TH AVE (City Planning P2002M0361): Completed, decided Apr 23, 2003. 02DCP065M: AUTHORIZATION FOR A PARKING LOT OF NOT MORE THAN 150 SPACES IN AN M1-5 ZONING DISTRICT
- 485 10TH AVE (City Planning P1996M0241): Completed, decided Feb 19, 1997. AUTH TO CONTINUE TO USE EXISITNG PUBLIC PARKING LOT WITHIN\*THE CONVENTION CENTER STUDY AREA WITH A MAXIMUM OF 36 CARS
- 514 W38TH ST, 515 W37TH ST (City Planning P1996M0224): Completed, decided Jul 1, 1996. 96DCP026M: RE-AUTHORIZATION FROM THE CPC, PURSUANT TO ZR 13-452, TO CONTINUE TO OPERATE AN OPEN AIR PARKING LOT FOR THE SAME NUMBER OF VEHICLES AS ORIGINALLY AUTHORIZED
- 485 10TH AVE (City Planning P1986M0626): Completed, decided May 21, 1987. 86-255M: AUTH (ZR13-452) FOR A PUBLIC PARKING LOT FOR LESS THAN 150 CARS W/IN THE CONVENTION CENTER STUDY AREA IN AN M1-5 ZONE BL709. LT33,34,36.
- 514 WEST 38TH STREET (City Planning P1987M0012): Completed, decided Feb 10, 1987. 87-015M: 55 SPACE COMMERCIAL PARKING LOT.
- 515 W37TH ST (City Planning P1986M0665): Completed, decided Sep 18, 1986. 62 SPACE PARKING LOT WITH ATTENDANT BOOTH.
- 505 W37TH ST (City Planning P2007M0386): Completed. CERT TO INCREASE THE FLR AREA FOR A 835-UNIT BLDG INCLUDING\*INCLUSIONARY HSG WITHIN THE HUDSON YARDS DIST

## In the news

[TF Cornerstone Welcomes New Lease To 505 West 37th Street In Hudson Yards, Manhattan](https://newyorkyimby.com/2024/08/tf-cornerstone-welcomes-new-lease-to-505-west-37th-street-in-hudson-yards-manhattan.html), New York YIMBY, Aug 21, 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