550 7th Avenue, Manhattan
Commercial · built c. 1924 · Block 789, Lot 36.
Building permits
- Alteration, filed Oct 19, 2026, estimated cost $54K, described as “Replace existing 7.5-ton AC unit serving the elevator machine room with three 3-ton ductless split systems.”
- Alteration, filed Apr 21, 2026, estimated cost $165K, described as “Construction work related as shown herewith on drawings. No change in use, occupancy or egress.”
- Alteration, filed Jan 9, 2026, estimated cost $72K, described as “Modifications to the existing plumbing and sprinkler systems on the 4th floor. No change to use, egress, or occupancy.”
- Alteration, filed Jan 8, 2026, estimated cost $75K, described as “Plumbing related to interior renovations as shown herewith on drawings. No change to use, egress, or occupancy.”
- Alteration, filed Jan 5, 2026, estimated cost $102K, described as “Partial renovation of the 25th floor and 24th floor. New partitions, doors and fixtures. No change to use, egress or occupancy.”
- Alteration, filed Oct 10, 2025, estimated cost $279K, described as “General construction related to interior partitions and installation of doors and frames as shown herewith on drawings. No change to use, egress, or occupancy.”
- Alteration, filed Apr 3, 2025, estimated cost $67K, described as “Mechanical work as shown on plans submitted herewith. No change to use egress, occupancy or use as of right.”
- Alteration, filed Apr 3, 2025, estimated cost $40K, described as “Sprinkler system work as shown of drawings filed herewith. No change to egress, use or egress as of right.”
- Alteration, filed Jan 16, 2025, estimated cost $65K, described as “Plumbing work as shown on drawings submitted herewith. No change to use, egress and occupancy as of right.”
- Alteration, filed Dec 11, 2024, estimated cost $225K, described as “Construction of interior partitions and installation of doors and frames as shown in drawings provided herewith. No change in use, occupancy, or egress as of right.”
- Alteration, filed Oct 16, 2024, estimated cost $270K, described as “General Construction as per plans herewith. No change to use, egress, or occupancy.”
- Alteration, filed Apr 8, 2024, estimated cost $160K, described as “Construction of interior partitions and installation of doors and frames as shown in drawings provided herewith. No change in use, occupancy, or egress as of right.”
- Alteration, filed Dec 11, 2023, estimated cost $23K, described as “Lighting upgrade for Bank of America. No change to use, egress or occupancy.”
- Alteration, filed Dec 12, 2022, estimated cost $25K, described as “Filing for modification of existing sprinkler system on 12th floor including the installation and relocation of sprinkler heads as submitted herewith, No change in use egress or occupancy.”
- Alteration, filed Jul 21, 2022, estimated cost $55K, described as “Installation of new fixtures as shown on drawings submitted herewith.”
- Alteration, filed Jun 15, 2022, estimated cost $175K, described as “Office modifications to the 12th floor as indicated on the plans submitted herewith.”
- Alteration, filed Jun 13, 2022, estimated cost $50K, described as “Application filed for interior removal of non-load bearing partitions, ceilings, and finishes on the 12TH floor as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jun 13, 2022, estimated cost $10K, described as “Application filed for plumbing removal on the 12TH floor as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jun 10, 2022, estimated cost $160K, described as “Filing for the Installation of ductwork and new AC unit(s) as shown on drawings submitted herewith. No change to use, egress or occupancy.”
- Alteration, filed Jun 9, 2022, estimated cost $30K, described as “Filing for modification of existing sprinkler system on 11h floor as shown on plans submitted herewith. No change in use, egress or occupancy..”
- Alteration, filed May 24, 2022, estimated cost $64K, described as “Filing for the Installation of ductwork and new AC unit(s) as shown on plans submitted herewith. No change in use, egress or occupancy.”
- Alteration, filed May 24, 2022, estimated cost $74K, described as “Filing for modification of existing sprinkler system on 6th floor as shown on plans submitted herewith. No change in use, egress or occupancy.”
- Alteration, filed May 5, 2022, estimated cost $133K, described as “Application filed for modifications/additions to plumbing/sprinkler on the 14TH floor as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed May 5, 2022, estimated cost $72K, described as “Application filed for modifications/additions to mechanical on the 14TH floor as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Apr 11, 2022, estimated cost $460K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings, and finishes on the 14TH floor as per plans filed herewith. No change in use, egress, or occupancy.”
52 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $25,160,400
- 2026–27 tax
- $2,635,082
- Market value (city estimate)
- $55,912,000
- Taxable value
- $24,290,950
- Assessed land
- $5,805,000
- Assessed improvements
- $19,355,400
Zoning
M1-9A/R12: floor area ratio 22.88 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…