# 245 West 55th Street, Manhattan Commercial · built c. 1914 · Block 1027, Lot 7. On Umarelli: https://umarelli.org/nyc/1010270007/245-west-55-street More construction in Midtown West: https://umarelli.org/nyc/manhattan/midtown-west.md ## Building permits - Alteration, filed Jun 10, 2026, estimated cost $25K, described as “Installation of temporary const. Plywood fence and heavy duty sidewalk shed as per plans. Sw shed and plywood fence shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Feb 11, 2026, estimated cost $5K, described as “Installation of temporary working platofrm as per plans. Platofrm shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Jan 29, 2026, estimated cost $25K, described as “Installation of temporary needle beams as per plans. Needle beams shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Dec 2, 2025, described as “Installation of Suspended Beta-Max Material hoist required for Material/Equipment lifting” - Alteration, filed Oct 22, 2025, estimated cost $19K, described as “Installation of temporary engineered enclosure system as per plans. Temporary equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed May 19, 2025, described as “Installation of temporary suspended scaffold equipment.” - Alteration, filed Apr 19, 2025, estimated cost $12K, described as “Installation of temporary overhead protection & loading dock for hoist as per plans. Temp. Equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application” - Alteration, filed Feb 4, 2025, estimated cost $5K, described as “Installation and use of temporary contractor shed/shanty as per plans filed herewith.” - Alteration, filed Dec 17, 2024, estimated cost $30K, described as “Installation of temporary interior scaffold system stair tower for worker access during construction operations of Alt CO filed under DOB NOW M00940950-I1 and Demolition M009564110-I1. No change in use, egress or occupancy filed with this…” - Alteration, filed Oct 15, 2024, estimated cost $20K, described as “Installation of 7,100 lb dual car personnel/material hoist as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Jul 22, 2024, estimated cost $18K, described as “Installation of temporary roof protection over adjacent properties, and engineering enclosure system as per plans. Protection shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this applicatio” - Alteration, filed Jul 13, 2024, estimated cost $25K, described as “Installation of pipe scaffolding and system stair scaffold as per plans. Temporary equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Jul 12, 2024, estimated cost $25K, described as “Installation of temporary needle beams as per plans. Needle beams shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Jun 26, 2024, estimated cost $7K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.” - Alteration, filed Jun 5, 2024, estimated cost $25K, described as “Installation of temporary const. Plywood fence and heavy duty sidewalk shed as per plans. Sw shed and plywood fence shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.” - Alteration, filed Feb 20, 2024, estimated cost $1.1M, described as “Partial demolition means & methods and temporary stabilization as per plans filed. Alt-co & related structural work filed under M00940950.” - Major Renovation — Conversion, filed Jan 26, 2024, estimated cost $10.0M, 42 units added, 17 stories, described as “Filing herewith Alteration Type One to convert an existing commercial building to residential use (17 stories)” - Alteration, filed Dec 14, 2023, estimated cost $10K, described as “Interior demo as per plans filed herewith.” - Alteration, filed Dec 8, 2023, estimated cost $400K, described as “Interior demolition of 12-story building including removal of non-load bearing masonry partitions, ceiling tiles, miscellaneous fixtures and decommissioned utilities elements.” - Alteration, filed Feb 1, 2022, estimated cost $5K, described as “Install new trench drain” - Alteration, filed Nov 20, 2021, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code. Live load 300PSF.” - Alteration, filed Nov 16, 2021, estimated cost $46K, described as “Garage Repair” - Alteration, filed Nov 2, 2021, estimated cost $266K, described as “Facade repair” - Alteration, filed May 13, 2021, estimated cost $89K, described as “Application filed for additions/modifications to plumbing/sprinkler on the 2ND floor as per plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed May 7, 2021, estimated cost $135K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings,and finishes on the 2ND floor as per plans filed herewith. No change in use, egress,or occupancy.” 2 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1010270007/245-west-55-street. ## Property taxes - Assessment: $5,606,550 - 2026–27 tax: $608,199 - Market value (city estimate): $12,459,000 - Taxable value: $5,606,550 - Assessed land: $1,626,750 - Assessed improvements: $3,979,800 ## Zoning C6-4 (part of the lot is C6-6): floor area ratio 10.54 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit. ## Recent sales - Jun 6, 2023: $28,500,000 Open-market sales since 2016, from the Department of Finance’s sales files. ## Flood zone Current FEMA flood map: zone X, minimal flood hazard. ## In the news [Rendering Revealed for 245 West 55th Street’s Expansion in Midtown, Manhattan](https://newyorkyimby.com/2024/11/rendering-revealed-for-245-west-55th-streets-expansion-in-midtown-manhattan.html), New York YIMBY, Nov 20, 2024. From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology