421 West 54th Street, Manhattan
Condominium · 27 units · built c. 1928 · Block 1064, Lot 7502.
Building permits
- Alteration, filed Sep 14, 2024, estimated cost $206K, described as “Interior renovation to apartment phd. Work to include modifications to interior non-bearing partitions,plumbing modifications as indicated on plans filed herewith, mechanical system replacement on plans filedherewith, and new interior…”
- Alteration, filed Jun 11, 2024, estimated cost $203K, described as “Removal of interior partition, ceiling and flooring. No change in use, occupancy and egress is involved under this application.”
- Alteration, filed Jun 14, 2023, estimated cost $125K, described as “Facade bulkhead stucco restoration and roof membrane repairs”
- Alteration, filed Jun 4, 2023, estimated cost $5K, described as “Installation of temporary sidewalk shed and supported scaffold as shown on plans”
- Alteration, filed Nov 23, 2020, described as “Pipe scaffolding installed per plans, no change in use, egress or occupancy”
- Alteration, filed Sep 13, 2020, described as “Sidewalk shed installed per plans, no change in use, egress or occupancy”
- Alteration, filed Jan 13, 2020, estimated cost $90K, described as “Propose mechanical modifications at apartment PHC all as per plans herewith filed. No change in use, egress or occupancy filed under this application.”
- Alteration, filed Jan 10, 2020, estimated cost $25K, described as “Propose plumbing modifications at apartment PHC all as per plans herewith filed. No change in use, egress or occupancy filed under this application.”
- Alteration, filed Jan 10, 2020, estimated cost $17K, described as “Propose sprinkler modifications at apartment PHC all as per plans herewith filed. No change in use, egress or occupancy filed under application.”
Property taxes
- Assessment
- $11,932,196
- 2026–27 tax
- $1,061,201
- Market value (city estimate)
- $26,516,006
- Taxable value
- $9,078,697
- Assessed land
- $1,192,495
- Assessed improvements
- $10,739,701
- Condo units with their own tax lots
- 39
Tax breaks
- Nonprofit exemption (college or university), with no end date, about $200,612 a year below the full tax.
Zoning
C6-2: floor area ratio 5.65 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 14, 2025: $1,825,000, Apt 5C
- Sep 12, 2024: $3,895,000, Unit PHF, sold with other lots
- Sep 3, 2024: $1,200,000, Apt 4E
- Oct 10, 2023: $4,500,000, Apt C2
- Jul 26, 2023: $3,900,000, Unit PHD, sold with other lots
- Jul 29, 2021: $2,615,000, Apt P1, sold with other lots
- Jun 23, 2021: $2,350,000, Apt 3D
- Jan 8, 2021: $4,730,000, Unit PHA, sold with other lots
- Oct 9, 2020: $2,495,000, Apt 4D
- Oct 9, 2020: $80,000, Apt P5
The 10 most recent of 16 open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- THE HIT FACTORY (City Planning P2006M0132): Completed, decided Jul 28, 2006. 06DCP037M: SPECIAL PERMIT TO HAVE ACCESSORY OFF-STREET FACILITIES IN TH E SPECIAL CLINTON DISTRICT PRESERVATON AREA