516 8th Avenue, Manhattan
Commercial · built c. 1931 · Block 785, Lot 82.
Building permits
- Alteration, filed Nov 21, 2023, estimated cost $10K, described as “Filing for interior work at the Existing Pizzeria space, Counters, Hood modification and mill work. no change in use egress or occupancy”
- Alteration, filed Sep 27, 2023, estimated cost $57K, described as “To propose interior renovation of existing salon with general construction work on 2ND floor, to install new ac split units on 2ND floor and roof as per plan. No change of use, egress or certificate of occupancy.”
- Alteration, filed Sep 27, 2023, estimated cost $2K, described as “To proposed plumbing work of existing salon on 2ND floor in conjunction with alteration job #M00935868-I1 as per plan filed herewith. No change of use, egress, or certificate of occupancy.”
- Alteration, filed Aug 9, 2023, estimated cost $10K, described as “Interior renovation of existing commercial store on 2FL with general construction as per plan; no change in use, egress or occupancy under this application.”
- Alteration, filed Aug 9, 2023, estimated cost $10K, described as “Interior renovation of existing commercial store on 2FL with plumbing work as per plan. No change in use, egress or occupancy under this application.”
Property taxes
- Assessment
- $2,095,650
- 2026–27 tax
- $198,203
- Market value (city estimate)
- $4,657,000
- Taxable value
- $1,827,090
- Assessed land
- $225,000
- Assessed improvements
- $1,870,650
Zoning
M1-9A/R12: floor area ratio 3.00 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 30, 2016: $25,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 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…