# 338 West 53rd Street, Manhattan

Vacant land · Block 1043, Lot 149.

On Umarelli: https://umarelli.org/nyc/1010430149/340-west-53-street

More construction in Midtown West: https://umarelli.org/nyc/manhattan/midtown-west.md

## 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.

## Recent sales

- Mar 20, 2023: $11,000,000

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

[Permits Filed for 340 West 53rd Street in Hell’s Kitchen, Manhattan](https://newyorkyimby.com/2023/11/permits-filed-for-340-west-53rd-street-in-hells-kitchen-manhattan.html), New York YIMBY, Nov 1, 2023.

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