481 8th Avenue, Manhattan
Hotel · built c. 1929 · Block 758, Lot 37.
Building permits
- Alteration, filed Apr 18, 2025, estimated cost $812K, described as “Removal of an existing escalator slabbing over existing opening. No change of use, egress or occupancy.”
- Alteration, filed Oct 10, 2024, estimated cost $23K, described as “Construct interior partitions, ceilings and doors on 1st floor for souvenir shop as shown on plans.”
- Alteration, filed Jun 21, 2024, estimated cost $440K, described as “Replacement of hot water heater tanks. No change in use, egress or occupancy is involved”
- Alteration, filed Jun 14, 2024, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 10, 2024, described as “Installation of suspended scaffold for facade work or inspection”
- Alteration, filed Sep 28, 2023, estimated cost $438K, described as “New Yorker Hotel Exterior Facade Repairs per the plans filed including: Removal & replacement of cracked masonry units and existing steel lintels. Masonry re-pointing. Repair of cracked & spalled terra cotta. Scraping & painting of…”
- Alteration, filed Dec 19, 2019, estimated cost $15K, described as “15 new heads to be installed no change in co use or egress.”
Property taxes
- Assessment
- $81,392,850
- 2026–27 tax
- $8,243,119
- Market value (city estimate)
- $180,873,000
- Taxable value
- $75,987,450
- Assessed land
- $14,895,000
- Assessed improvements
- $66,497,850
Zoning
C6-4: floor area ratio 37.63 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.