550 8th Avenue, Manhattan
Commercial · built c. 1925 · Block 787, Lot 1.
Building permits
- Alteration, filed Jul 9, 2026, estimated cost $67K, described as “Job filed interior renovation of commercial store including new counter and cookingequipment, new floor tile and new paint and install type ii kitchen hood as per plan. No change of use, egress, oroccupancy under this application.”
- Alteration, filed Feb 11, 2026, estimated cost $12K, described as “Erect illuminated non advertising sign on wall. No change of use, egress or occupancy”
- Alteration, filed Feb 11, 2026, estimated cost $12K, described as “Erect illuminated non advertising sign on wall. No change of use, egress or occupancy”
- Alteration, filed Jul 11, 2024, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Apr 11, 2024, estimated cost $30K, described as “Interior renovation of ground floor commercial lobby as per plans filed herewith.”
- Alteration, filed Mar 13, 2024, described as “Alteration type 2 - facade cycle 8 fisp facade repairs. No change in use, occupancy or egress.”
- Alteration, filed Feb 28, 2024, estimated cost $3K, described as “Installation of working platform in lobby area as shown on drawings. No change in use, egress or occuapcny. We shall comply with chapter 33 of 2022 b.c”
- Alteration, filed Jun 2, 2023, estimated cost $1K, described as “Re-filing sidewalk shed under this application because job# M00096829 was closed by DOB on 11-2022. This application is then exempt from section 3307.6.4.6. Existing parapet on site is solid green plywood. No change in use egress or…”
- Alteration, filed Apr 14, 2021, described as “Installation of supported scaffold as shown on drawings. No change in use egress or occupancy. We shall comply with chapter 33 of 2014 b.c”
- Alteration, filed Nov 13, 2018, estimated cost $3K, described as “Installation of sidewlak shed as shwon on drawings. No change in use egress or occupancy. We shall comply with chapter 33 of 2014 b.c”
Property taxes
- Assessment
- $14,974,200
- 2026–27 tax
- $1,601,057
- Market value (city estimate)
- $33,276,000
- Taxable value
- $14,759,010
- Assessed land
- $1,953,000
- Assessed improvements
- $13,021,200
Zoning
M1-9A: floor area ratio 22.87 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
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…