# 550 West 45th Street, Manhattan

Condominium · 699 units · built 2011 · Block 1073, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1010737501/550-west-45-street

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

Every lot on block 1073: https://umarelli.org/nyc/manhattan/1073.md

## Building permits

- Alteration, filed Oct 18, 2023, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Jun 9, 2023, estimated cost $91K, described as “Facade restoration. No change in egress, use or occupancy.”
- Alteration, filed Jun 8, 2022, estimated cost $10K, described as “Filing herewith plumbing work for the renovation of the cellar & 1ST floor as per plans. No change is use, egress, or occupancy.”
- Alteration, filed May 3, 2021, estimated cost $15K, described as “Filing herewith for an on grade accessory ramp as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 27, 2021, estimated cost $1K, described as “Filing herewith construction fenceas per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $125,708,736
- 2026–27 tax: $409,746
- Market value (city estimate): $279,352,740
- Taxable value: $3,332,401
- Assessed land: $21,928,052
- Assessed improvements: $103,780,684
- Condo units with their own tax lots: 6

## Tax breaks

- 421-a exemption, through Jun 30, 2035, about $15,073,387 a year below the full tax.

## Zoning

R10: floor area ratio 11.05 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.

## Board and land use applications

- STUDIO CITY/C-O-P (City Planning P2001M0104): Completed, decided Apr 2, 2001. 01DME001M: CONSTRUCTION OF A 14-STORY STRUCTURE OF APPROX. 700,000 SQ. FT. TO BE COMPLETED BY SPRING 2003

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