# 425 West 18th Street, Manhattan

Condominium · 160 units · built 2017 · Block 716, Lot 7506.

On Umarelli: https://umarelli.org/nyc/1007167506/425-west-18-street

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

Every lot on block 716: https://umarelli.org/nyc/manhattan/716.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $24,364,800
- Market value (city estimate): $54,144,000
- Taxable value: $0
- Assessed land: $993,600
- Assessed improvements: $23,371,200
- Condo units with their own tax lots: 2

## Tax breaks

- Article XI exemption, through Jun 30, 2057, about $3,030,737 a year below the full tax.

## Zoning

R8: floor area ratio 12.14 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.

## Board and land use applications

- Fulton Houses (City Planning P2012M0566): Completed, decided Feb 5, 2014. This is a Zoning Map Amendment to rezone a site from R8A to R8 and an Authorization pursuant to ZR Section 23-635 to facilitate the development of an affordable housing building on a NYCHA-owned site at the Fulton Houses.

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