340 West 85th Street, Manhattan
Hostel · built c. 1927 · Block 1246, Lot 49.
Building permits
- Alteration, filed Aug 14, 2026, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 8, 2026, described as “Installation of suspended scaffold for facade work or inspection.”
- Alteration, filed Nov 6, 2025, estimated cost $7K, described as “Installation of a temporarily heavy-duty sidewalk shed 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 Nov 6, 2025, estimated cost $15K, described as “Installation of a temporary roof protection and overhead protection via shed 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 Nov 6, 2025, estimated cost $32K, described as “Installation of a temporarily supported scaffold and site specific engineering enclosure 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 Jul 16, 2025, estimated cost $5K, described as “Installation of construction fence as per approved drawing.”
- Alteration, filed Sep 17, 2024, estimated cost $6.5M, described as “Alt-co to reflect change of occupancy of offices at 2ND and 3RD floor to dwelling units and reconfiguration of sro units at 4TH through 8TH floor to dwelling units. Interior and exterior renovation of existing community facility.”
- Alteration, filed Jan 31, 2022, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 1, 2021, estimated cost $301K, described as “Facade repairs as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed May 31, 2018, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
Property taxes
- Assessment
- $3,333,600
- Market value (city estimate)
- $7,408,000
- Taxable value
- $0
- Assessed land
- $1,575,000
- Assessed improvements
- $1,758,600
Tax breaks
- Article XI exemption, through Jun 30, 2064, about $361,629 a year below the full tax.
Zoning
R8B: floor area ratio 6.72 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 9, 2017: $42,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of Riverside-West End Historic District Extension I (Historic District). 13 Landmarks Preservation Commission permits are on file.
In the news
Senior Housing Conversion of The Three Arts Club Begins At 340 West 85th Street on Manhattan’s Upper West Side, New York YIMBY, May 17, 2026.