509 West 38th Street, Manhattan
Condominium · 225 units · built 2015 · Block 710, Lot 7501.
Building permits
- Alteration, filed May 15, 2025, estimated cost $19K, described as “General construction associated with limited facade restoration as per plans filed. No change in occupancy, use or egress.”
- Alteration, filed Mar 4, 2022, estimated cost $1.8M, described as “Propose to perform mechanical work. No change to use, egress or occupancy.”
- Alteration, filed Mar 4, 2022, estimated cost $392K, described as “Propose to perform plumbing and sprinkler work. No change to use, egress or occupancy.”
- Alteration, filed Mar 3, 2022, estimated cost $15K, described as “Propose to perform structural work for pipe grids over studios and support of one slab opening. No change to use, egress or occupancy.”
- Alteration, filed Mar 2, 2022, estimated cost $1.5M, described as “Propose to perform interior renovations. No change to use, egress or occupancy.”
Property taxes
- Assessment
- $39,785,570
- 2026–27 tax
- $135,275
- Market value (city estimate)
- $88,412,376
- Taxable value
- $1,152,452
- Assessed land
- $2,859,301
- Assessed improvements
- $36,926,269
- Condo units with their own tax lots
- 6
Tax breaks
- Nonprofit exemption (charitable), with no end date, about $344,706 a year below the full tax.
- 421-a exemption, through Jun 30, 2039, about $4,312,629 a year below the full tax.
Zoning
C2-8: floor area ratio 13.76 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.
Recent sales
- Feb 27, 2026: $129,000,000, Unit RETL, sold with other lots
- Feb 23, 2022: $17,095,848, Apt CMF1, sold with other lots
- Mar 4, 2021: $10,228,525, Apt CMF3
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 509 W. 38th Street (DIB with IH) (City Planning P2015M0209): Completed, decided Jan 21, 2015. This is a private application for a Hudson Yards District Improvement Bonus Chair Certification pursuant to ZR 93-31 and ZR 23-90 for a building that would be providing Inclusionary Housing.
In the news
Henry Hall Sells For $129 Million At 515 West 38th Street In Hudson Yards, Manhattan, New York YIMBY, Mar 14, 2026.