490 8th Avenue, Manhattan
Commercial · built 1975 · Block 784, Lot 80.
Building permits
- Demolition, filed May 27, 2026, estimated cost $550K, described as “Full demolition of one-story structure, using handheld and mechanical means to assist from exterior.”
- Alteration, filed Apr 15, 2025, estimated cost $20K, described as “Installation of temporary roof protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
Property taxes
- Assessment
- $2,628,000
- 2026–27 tax
- $246,101
- Market value (city estimate)
- $5,840,000
- Taxable value
- $2,268,630
- Assessed land
- $999,000
- Assessed improvements
- $1,629,000
Zoning
M1-9A/R12: floor area ratio 1.98 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 19, 2026: $12,000,000, 9,400 sq ft ($1,277 per sq ft)
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 484 8th Avenue - Subway Stair Relocation (City Planning 2026M0519): Certification, Completed, filed Aug 12, 2026, decided Sep 16, 2026. A zoning certification pursuant to ZR Section 37-43 to modify the requirements of ZR Section 37-41 for the relocation of the existing A/C/E subway stair to be located in a proposed as-of-right mixed-use building on 484 8th Avenue…
- Midtown South Mixed-Use Plan (MSMX) (City Planning 2024M0142): Zoning map change, Zoning text change, Completed, filed Jan 16, 2025, decided Aug 14, 2025. The Department of City Planning is seeking a Zoning Map amendment from M1-6 and M1-6D to M1-9A/R12, M1-8A/R12, and M1-8A/R11 and a Zoning Text amendment to facilitate the development of housing and support critical economic activity across…
- Garment Center Text Amendment (City Planning 2018M0412): Completed, decided Dec 26, 2018. The NYC Department of City Planning proposes a zoning text amendment to the Special Garment Center District to better reflect the current land use and promote a healthy mix of uses. In addition to changes regarding use regulations within…