# 355 Lexington Avenue, Manhattan

Commercial · built 1958 · Block 1295, Lot 23.

On Umarelli: https://umarelli.org/nyc/1012950023/133-east-40-street

More construction in Midtown: https://umarelli.org/nyc/manhattan/midtown.md

## Building permits

- Alteration, filed Jul 21, 2026, estimated cost $20K, described as “Installation of an active sub-slab depressurization system.”
- Alteration, filed Jun 12, 2026, estimated cost $20K, described as “Filing DMO plans as shown.”
- Alteration, filed Apr 8, 2026, estimated cost $20K, described as “Installation of 7,100 lb dual personnel hoist cars as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jan 14, 2026, estimated cost $10K, described as “Installation of a #2 fuel oil storage tank serving generator. Associated with altco M01277491.”
- Alteration, filed Dec 23, 2025, estimated cost $36K, described as “Installation of pipe scaffolding as per plans. Pipe scaffold shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 2, 2025, estimated cost $20K, described as “Interior non-structural demolition of walls, ceilings, and flooring as shown on the plans.”
- Alteration, filed Dec 1, 2025, described as “Installation of Suspended scaffold to perform exterior work repair”
- Alteration, filed Nov 26, 2025, estimated cost $20K, described as “Window replacement, non-structural facade demolition, and creation of new masonry openings as shown on plans.”
- Alteration, filed Nov 25, 2025, estimated cost $27K, described as “Installation of heavy duty sidewalk shed and construction plywood fence as per plans. Temporary equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Nov 25, 2025, estimated cost $17K, described as “Installation of temporary roof protection & overhead protection over adjacent property as per plans. Temporary protection shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Nov 13, 2025, described as “FISP INSPECTION (Facade Inspection Safety Program). INDUSTRIAL ROPE ACCESS TECHNIQUES AND METHODS. SEE ATTACHED PLANS. Designated Primary Site supervisor: Jesus Decola”
- Alteration, filed Oct 20, 2025, estimated cost $20K, described as “General construction work as shown on plans.”
- Alteration, filed Oct 20, 2025, estimated cost $20K, described as “Facade work as shown on the plans.”
- Major Renovation — Conversion, filed Sep 24, 2025, estimated cost $36.8M, 297 units added, 25 stories, described as “Alteration, conversion and enlargement of an existing office building to residential use.”
- Alteration, filed Aug 21, 2025, estimated cost $1.7M, described as “Interior non-structural demolition of walls, ceilings, and flooring as shown on the plans.”
- Alteration, filed May 6, 2024, estimated cost $23K, described as “Filing for minor duct & diffuser mechanical work associated with 7TH floor "applause" office as per plans submitted herewith.”
- Alteration, filed Jul 10, 2023, estimated cost $48K, described as “Filing for plumbing and sprinkler work associated with interior reno of 13TH floor "adco" office as per plans submitted herewith.”
- Alteration, filed Jul 10, 2023, estimated cost $85K, described as “Filing for mechanical work associated with interior renovation of 13TH floor "adco" office as per plans submitted herewith.”
- Alteration, filed Jun 30, 2023, estimated cost $477K, described as “Filing for interior renovation of 13TH floor "adco" office space as per plans submitted herewith.”
- Alteration, filed Mar 9, 2023, estimated cost $12K, described as “Removal of drywall partition and interior glass door in existing space occupied by "linesight" no change in egress, use or occupancy”
- Alteration, filed Feb 2, 2023, estimated cost $300K, described as “Filing for mechanical work associated with the interior renovation of first floor commercial space for "fedex" as per plans submitted herewith.”
- Alteration, filed Feb 2, 2023, estimated cost $47K, described as “Filing for plumbing and sprinkler work associated with the interior renovation of first floor commercial space for "fedex" as per plans submitted herewith.”
- Alteration, filed Jan 27, 2023, estimated cost $575K, described as “Filing for interior renovation of 1ST floor commercial space for "fedex" as per plans submitted herewith.”
- Alteration, filed Jan 23, 2023, estimated cost $900, described as “Erect non-illuminated accessory channel letter wall sign-a on storefront, non-flashing, non-advertising sign, no change in use, egress, or occupancy”
- Alteration, filed Jan 23, 2023, estimated cost $900, described as “Erect non-illuminated accessory channel letter wall sign-b on storefront, non-flashing, non-advertising sign, no change in use, egress, or occupancy”

15 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012950023/133-east-40-street.

## Property taxes

- Assessment: $26,956,800
- 2026–27 tax: $2,646,345
- Market value (city estimate): $59,904,000
- Taxable value: $24,394,770
- Assessed land: $7,290,000
- Assessed improvements: $19,666,800

## Zoning

C5-3 (part of the lot is C5-2.5): floor area ratio 16.02 built, above the 15.00 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

- Greater East Midtown - Special Subdistrict (City Planning P2016M0316): Completed, decided Aug 15, 2017. This is an application by NYC Department of City Planning requesting a text amendment to establish the East Midtown Subdistrict and extend the Special Midtown District, and to rezone a half-block area from C5-2 to C5-3 to reinforce the…

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