# 555 West 45th Street, Manhattan

Apartment building · 58 units · built 2024 · Block 1074, Lot 2.

On Umarelli: https://umarelli.org/nyc/1010740002/555-west-45-street

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

## Building permits

- New Building — Large Residential, filed May 23, 2024, 58 units, 7 stories, described as “Proposed new seven story and cellar residential building.”
- Alteration, filed Jan 6, 2026, estimated cost $25K, described as “Mechanical application filed for ssds installation in conjunction with new building job #M01039403.”
- Alteration, filed Jan 6, 2025, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2024, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2024, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2024, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 9, 2024, estimated cost $3K, described as “Fence application filed in conjunction with new building job #M01039403.”

## Property taxes

- Assessment: $6,396,300
- 2026–27 tax: $85,821
- Market value (city estimate): $14,214,000
- Taxable value: $689,935
- Assessed land: $451,800
- Assessed improvements: $5,944,500

## Tax breaks

- 485-x exemption, through Jun 30, 2061, about $709,815 a year below the full tax.

## Zoning

R8: floor area ratio 5.08 built, 6.02 allowed by base zoning.

## Flood zone

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

## In the news

[Housing Lottery Launches for 555 West 45th Street in Hell’s Kitchen, Manhattan](https://newyorkyimby.com/2025/05/housing-lottery-launches-for-555-west-45th-street-in-hells-kitchen-manhattan.html), New York YIMBY, May 8, 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