554 8th Avenue, Manhattan
Industrial · built c. 1924 · Block 787, Lot 84.
Building permits
- Alteration, filed Sep 20, 2022, estimated cost $1K, described as “Illuminated non-advertising accessory wall sign - in property lines - 554. No change of use, egress or occupancy.”
- Alteration, filed Jun 10, 2022, estimated cost $115K, described as “Facade repairs as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Dec 8, 2021, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Nov 4, 2021, estimated cost $5K, described as “Nw facade shelf angle reinforcement at 5TH-7th floor facade of area noted as per plans. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 7, 2021, estimated cost $150K, described as “Installation of HVAC and related piping & ductwork”
- Alteration, filed Jul 7, 2020, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jul 7, 2020, described as “Installation of temporary construction fence per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Mar 24, 2020, estimated cost $40K, described as “The steam boiler has been converted from No. 2 Fuel Oil to Natural Gas. The burner and associated controls have been replaced with new. A new chimney liner has been installed up to the roof inside of the existing brick chimney.”
- Alteration, filed Dec 12, 2019, estimated cost $200K, described as “Structural work associated with new elevators, stairs, ramp, entrance canopy, lowered lobby floor and stair infills on floors Cel, 1-2. No change in use, egress or occupancy.”
- Alteration, filed Nov 26, 2019, estimated cost $10K, described as “Installation of a temporary standpipe /pressurization alarm system as per plans.”
- Alteration, filed Jul 29, 2019, estimated cost $107K, described as “Standpipe and Sprinkler modifications as shown on drawings.”
- Alteration, filed Jul 24, 2019, estimated cost $1K, described as “Installation of temporary construction fence.”
- Alteration, filed Nov 21, 2017, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy”
Property taxes
- Assessment
- $31,949,550
- 2026–27 tax
- $3,129,809
- Market value (city estimate)
- $70,999,000
- Taxable value
- $28,851,480
- Assessed land
- $2,587,500
- Assessed improvements
- $29,362,050
Zoning
M1-9A: floor area ratio 19.42 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…