# 475 West 40th Street, Manhattan

Condominium · 453 units · built 2023 · Block 1050, Lot 7502.

On Umarelli: https://umarelli.org/nyc/1010507502/475-west-40-street

More construction in Hell's Kitchen: https://umarelli.org/nyc/manhattan/hells-kitchen.md

## Building permits

- Alteration, filed Mar 4, 2026, estimated cost $3K, described as “Erect illuminated wall sign for non-profit organization reading "covenant house international"”
- Alteration, filed Mar 3, 2026, estimated cost $9K, described as “Propose new illuminated signages for existing commercial space. No change to use, egress or occupancy.”
- Alteration, filed Nov 19, 2025, estimated cost $109K, described as “Interior renovation of existing commercial space. New walls and fixtures per plan. New mechanical system and ductwork. No change in egress, use or occupancy.”
- No Work, filed Oct 6, 2025
- Alteration, filed Dec 10, 2024, estimated cost $1.6M, described as “Filing herewith interior renovation/fit out of existing office space as per plans. No change in use, egress, or occupancy.”
- Alteration, filed Jul 22, 2024, estimated cost $1K, described as “This application is filed for a temporary use permit for a sales office pursuant to section ac 28-111 and buildings bulletin 2010-002.”
- Alteration, filed May 21, 2024, estimated cost $1K, described as “Filing tenant protection for new building application 121209281”
- Alteration, filed Aug 31, 2023, estimated cost $6K, described as “Installation of temporary suspended scaffolds per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jun 21, 2021, estimated cost $1K, described as “Filing herewith plumbing work as per plans in cinjunction with new building”
- Alteration, filed Jun 21, 2021, estimated cost $1K, described as “Filing herewith sprinkler/standpipe work as per plans in conjunction with new building.”
- Alteration, filed Jun 7, 2021, estimated cost $1K, described as “Filing herewith mechanical work as per plans in conjunction with new building.”

## Property taxes

- Assessment: $71,660,759
- 2026–27 tax: $605,531
- Market value (city estimate): $159,246,133
- Taxable value: $4,886,274
- Assessed land: $549,450
- Assessed improvements: $71,111,309
- Condo units with their own tax lots: 4

## Tax breaks

- Nonprofit exemption (nonprofit, use planned), with no end date, about $646,486 a year below the full tax.
- 421-a exemption, through Jun 30, 2060, about $7,488,819 a year below the full tax.

## Zoning

C2-8: floor area ratio 21.42 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 28, 2025: $7,500,000, Apt 3

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- Appeal (Board of Standards and Appeals 134-13-A): Appeal, Denied, filed May 9, 2013, decided Oct 22, 2013. Appeal of DOB determination regarding the right to maintain an existing advertising sign. C2-8 HY zoning district .

## In the news

[New Interior Photos Unveiled of The Maybury at 550 Tenth Avenue in Hell’s Kitchen, Manhattan](https://newyorkyimby.com/2025/03/new-interior-photos-unveiled-of-the-maybury-at-550-tenth-avenue-in-hells-kitchen-manhattan.html), New York YIMBY, Mar 27, 2025.

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