240 West 38th Street, Manhattan
Commercial · built c. 1935 · Block 787, Lot 64.
Building permits
- Alteration, filed May 15, 2023, estimated cost $8K, described as “Health and fitness establishments (ug 6C) on 3RD floor of existing commercial building.”
- Alteration, filed May 15, 2023, estimated cost $70K, described as “Health and fitness establishments (UG6C) on 3RD floor of existing commercial building.”
Property taxes
- Assessment
- $623,250
- 2026–27 tax
- $67,610
- Market value (city estimate)
- $1,385,000
- Taxable value
- $623,250
- Assessed land
- $139,500
- Assessed improvements
- $483,750
Zoning
M1-9A: floor area ratio 3.67 built, 15.00 allowed by base zoning.
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…
- Variance or special permit (Board of Standards and Appeals 106-10-BZ): Variance or special permit, Granted, filed Jun 9, 2010, decided Oct 19, 2010. Special Permit (§73-36) to legalize a physical culture establishment (Harmony Spa) on the third floor of an existing four-story commercial building. M1-6 zoning district.
- 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…