555 West 42nd Street, Manhattan
Apartment building · 418 units · built 1987 · Block 1071, Lot 1.
Building permits
- Alteration, filed Nov 11, 2026, estimated cost $10K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Nov 5, 2026, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Oct 23, 2026, estimated cost $243K, described as “Parking Structure Repair Program. No change to use, egress of occupancy.”
- Alteration, filed Oct 23, 2026, estimated cost $216K, described as “9th Cycle Facade Inspection & Safety Program Repair, No change to use, egress of occupancy.”
- Alteration, filed May 29, 2025, estimated cost $45K, described as “Installation of (2) 10 ton air cooled packaged roof top systems on 2nd Floor roof.”
- Alteration, filed Mar 10, 2024, estimated cost $126K, described as “Existing commercial space, interior renovation modify partition for proposed at first floor, finish painting throughout, plumbing and mechanical work at DOB now application; no change in use, egress or occupancy.”
- Alteration, filed Jan 9, 2024, described as “IRA to assist with Condition Assessment.”
- Alteration, filed Dec 6, 2022, estimated cost $3K, described as “Proposal to install illuminated, non-flashing accessory business sign. Wording- subway”
- Alteration, filed Sep 1, 2020, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 22, 2020, estimated cost $95K, described as “Removal of (2) existing 15,000 gal Fuel Oil underground storage tanks and associated piping and installation of (1) new 12,000 gallon underground fuel oil storage tank with associated piping. No change to use, egress or occupancy.”
- Alteration, filed Jun 10, 2020, estimated cost $3K, described as “Installation of a 8' high wood construction fence being filed in conjunction with the tank replacement filed under job number M00349755. No change to use, egress or occupancy.”
- Alteration, filed Mar 27, 2020, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33 building codes. No change in egress, use, or occupancy.”
- Alteration, filed Mar 16, 2020, described as “Sidewalk shed proposed installation of sidewalk shed as per plan. No change in use, egress or occupancy.”
- Alteration, filed Dec 12, 2019, estimated cost $350, described as “Illuminated non advertising accessory wall sign - inside property line - parking. No change to use, egress or occupancy.”
- Alteration, filed Dec 12, 2019, estimated cost $2K, described as “Illuminated non advertising accessory wall sign - parking 560 - inside property line. No change to use, egress or occupancy.”
- Alteration, filed Jul 24, 2018, estimated cost $4K, described as “Proposed removal of the existing sign (The Pearl Theater Company) attached on the existing theater marquee and installation of one new illuminated sign in its place. Appox. 35sqft reading "Upright citizens brigade". No Change to use egress…”
- Alteration, filed Feb 9, 2018, estimated cost $650, described as “Illuminated non advertising accessory sign on ground structure filed under application #123193472 (parking 560)- inside property line. No change of use, egress or occupancy.”
- Alteration, filed Feb 9, 2018, estimated cost $2K, described as “Illuminated non advertising accessory wall sign - inside property line. No change of use, egress or occupancy.”
- Alteration, filed Feb 9, 2018, estimated cost $700, described as “Illuminated non advertising accessory wall sign - inside property line. No change of use, egress or occupancy.”
- Alteration, filed Feb 9, 2018, estimated cost $3K, described as “Illuminated non advertising accessory wall sign (riverbank)- inside property line. No change of use, egress or occupancy.”
Property taxes
- Assessment
- $53,448,300
- Market value (city estimate)
- $118,774,000
- Taxable value
- $0
- Assessed land
- $13,500,000
- Assessed improvements
- $39,948,300
Zoning
C6-4: floor area ratio 10.31 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 11, 2025: $243,500,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 126-07-BZ): Variance or special permit, Granted, filed May 17, 2007, decided Sep 25, 2007. Special Permit (§73-36) to legalize the operation of a Physical Culture Establishment on a portion of the ground floor, second floor mezzanine, and on part of the second floor in a 43-story residential building. The proposal is contrary to…
- Variance or special permit (Board of Standards and Appeals 42-99-BZ): Variance or special permit, Granted, filed Mar 3, 1999, decided Nov 16, 1999. Special Permit (§73-36) to permit in a C6-4 (CL) zouing district, the legalization of a physical culture establishment located on the second floor of the subject premises.