601 West 50th Street, Manhattan
Commercial · built 1940 · Block 1098, Lot 29.
Building permits
- Alteration, filed Mar 16, 2023, estimated cost $10K, described as “Removal of entire sprinkler system from vacant building prior to full bulding demolition under separate applicaiton. There is no change to use, egress, occupancy, or fire protection.”
- Alteration, filed Feb 6, 2023, estimated cost $9K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Feb 6, 2023, estimated cost $1K, described as “Installation of a temporarily heavy-duty sidewalk per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Feb 6, 2023, estimated cost $25K, described as “Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 30, 2021, estimated cost $20K, described as “Installation of plywood construction fence on both 11th Avenue and 50th Street sides of the building (Kenneth Cole) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Aug 5, 2020, described as “Sidewalk shed proposed installation of sidewalk shed as per plan. No change in use,egress or occupancy.”
- Alteration, filed Jul 10, 2020, estimated cost $120K, described as “Modifications to the existing plumbing system on the cellar and 1ST floor (kcp reconfiguration) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 10, 2020, estimated cost $30K, described as “Modifications to the existing sprinkler system on the cellar and 1ST floor (kcp reconfiguration) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 7, 2020, estimated cost $10K, described as “Modifications to the existing sprinkler system in the elevator lobbies (elevator shafts) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 23, 2020, estimated cost $15K, described as “Modifications to the existing plumbing system in the elevator lobbies (elevator shafts) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 23, 2020, estimated cost $100K, described as “Modifications to the existing mechanical system in elevator banks (elevator shafts) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 26, 2020, estimated cost $20K, described as “Modifications to the existing HVAC system on the 4TH and 5TH floors (ll whitebox) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2020, estimated cost $7K, described as “Modifications to the existing sprinkler system on the 4TH and 5TH floors (ll whitebox) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2020, estimated cost $50K, described as “Modifications to the existing HVAC system on the cellar level (boh project) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2020, estimated cost $20K, described as “Modifications to the existing plumbing system on the cellar level (boh project) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2020, estimated cost $75K, described as “Modifications to the existing plumbing system on the 4TH and 5TH floors (ll whitebox) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 11, 2020, estimated cost $18K, described as “Modifications to the existing sprinkler system on the cellar level (boh project) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 6, 2020, estimated cost $28K, described as “Modifications to the existing plumbing system on the 3RD floor (marketing center) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Apr 2, 2020, estimated cost $32K, described as “Modifications to the existing sprinkler system on the 3RD floor (marketing center) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Apr 2, 2020, estimated cost $23K, described as “Modifications to the existing HVAC system on the 3RD floor (marketing center) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Feb 3, 2020, estimated cost $35K, described as “Modifications to the existing sprinkler system on the 3rd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Feb 3, 2020, estimated cost $15K, described as “Modifications to the existing HVAC system on the 3rd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Feb 3, 2020, estimated cost $15K, described as “Removal of existing plumbing fixtures and associated piping on the 3rd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jan 14, 2020, estimated cost $25K, described as “Modifications to the existing sprinkler system on the 1ST floor (lobby renovation) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jan 14, 2020, estimated cost $49K, described as “Modifications to the existing HVAC system on the 1ST floor (lobby renovation) as per plans. Installation of new 5 ton a/c unit. No change to use, egress or occupancy.”
Property taxes
- Assessment
- $10,973,250
- 2026–27 tax
- $1,079,341
- Market value (city estimate)
- $24,385,000
- Taxable value
- $9,949,680
- Assessed land
- $1,368,000
- Assessed improvements
- $9,605,250
Zoning
M2-4: floor area ratio 5.91 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 9, 2026: $60,000,000, 103,788 sq ft, sold with other lots
- Feb 22, 2022: $95,000,000, sold with other lots
- Jan 10, 2020: $90,000,000, 103,788 sq ft, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
New Life Science Facility Announced at 707 Eleventh Avenue in Hell’s Kitchen, Manhattan, New York YIMBY, Oct 29, 2023.