338 West 53rd Street, Manhattan
Vacant land · Block 1043, Lot 149.
Building permits
- New Building — Multi-Family, filed Oct 27, 2023, 10 units, 7 stories, described as “Erect new 7 story community facility and residential building. Development Hub project, consultation held on June 8 2023”
- Alteration, filed Oct 28, 2026, estimated cost $7K, described as “Heavy duty sidewalk shed during new building filed under application # M00907417. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Dot permits by others for shed installed…”
- Alteration, filed Oct 23, 2026, estimated cost $10K, described as “Equipment use: single 7000 # capacity personnel hoist during NB const, filed sep. Hoist shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted separately”
- Alteration, filed Jun 12, 2026, estimated cost $2K, described as “Construction fence as per drawings. Construction fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Dot permits by others for fence on sidewalk/roadway.”
- Alteration, filed Jan 16, 2025, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jan 16, 2025, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 29, 2024, estimated cost $160, described as “Proposed 8FT construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Jun 16, 2024, estimated cost $100K, described as “Full demolition to a three story building”
- Demolition, filed Jun 16, 2024, estimated cost $100K, described as “Full demolition to a three story rear building”
Property taxes
- Assessment
- $422,550
- 2026–27 tax
- $34,379
- Market value (city estimate)
- $939,000
- Taxable value
- $316,912
- Assessed land
- $422,550
Tax breaks
- Nonprofit exemption (nonprofit, use planned), with no end date, about $11,460 a year below the full tax.
Zoning
R8: floor area ratio 0.00 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 20, 2023: $11,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 340 West 53rd Street in Hell’s Kitchen, Manhattan, New York YIMBY, Nov 1, 2023.