# 324 West 15th Street, Manhattan

Private school · built 1960 · Block 738, Lot 54.

On Umarelli: https://umarelli.org/nyc/1007380054/324-west-15-street

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

## Building permits

- New Building — Multi-Family, filed Aug 24, 2026, 21 units, 7 stories, described as “Proposed new 7-story multi-family residential building as per plan. Obtain new c of o.”
- Demolition, filed Apr 28, 2026, estimated cost $90K, described as “Full demolition of 5 story building”
- Demolition, filed Apr 28, 2026, estimated cost $90K, described as “Full Demolition of 4 story Building”
- Demolition, filed Apr 28, 2026, estimated cost $90K, described as “Full demolition of 4 story building”
- Demolition, filed Apr 28, 2026, estimated cost $20K, described as “Full demolition to one 2 story structure”

## Property taxes

- Assessment: $1,368,450
- 2026–27 tax: $163,213
- Market value (city estimate): $3,041,000
- Taxable value: $0
- Assessed land: $531,000
- Assessed improvements: $837,450

## Tax breaks

- Nonprofit exemption (charitable), with no end date, about $148,449 a year below the full tax.

## Zoning

R8B: floor area ratio 2.71 built, 4.00 allowed by base zoning.

## Recent sales

- May 4, 2026: $19,000,000, 19,777 sq ft ($961 per sq ft)

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

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 324 West 15th Street in Chelsea, Manhattan](https://newyorkyimby.com/2026/08/permits-filed-for-324-west-15th-street-in-chelsea-manhattan.html), New York YIMBY, Aug 27, 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