507 East 118th Street, Manhattan
Apartment building · 18 units · built 2025 · Block 1815, Lot 6.
Building permits
- New Building — Multi-Family, filed Apr 19, 2022, 18 units, 6 stories, described as “Erect new 6 story building.”
- Alteration, filed Nov 24, 2025, described as “Installation of swing stage scaffolding as per plan and in accordance with Chapter 33 of NYC Building Code. No change in use, egress, or occupancy.”
- Alteration, filed Apr 24, 2025, estimated cost $10K, described as “Installation of temporary scaffold as per plans in conjunction with NB construction. No change in use, egress or occupancy. Scaffold shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Mar 21, 2025, estimated cost $3K, described as “Heavy duty sidewalk shed during NB const, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jul 10, 2024, estimated cost $1K, described as “Filing fence application in conjunction to NB# M00719554-I1”
Property taxes
- Assessment
- $227,250
- Market value (city estimate)
- $505,000
- Taxable value
- $0
- Assessed land
- $227,250
Tax breaks
- 420-c exemption, through Jun 30, 2084, about $28,268 a year below the full tax.
Zoning
R7B: floor area ratio 3.00 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 13 ft (NGVD29). FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.
Board and land use applications
- Las Raices (City Planning 2019M0237): Completed, filed May 10, 2021, decided Nov 29, 2021. The Department of Housing Preservation and Development (HPD) proposes an application for disposition of four city-owned properties to facilitate the development of four buildings, with a total of approximately 81 affordable dwelling units,…
- Harlem East Harlem Urban Renewal Plan Amendment (City Planning 2020M0408): Completed, decided Mar 2, 2021. HPD seeks an extension to the existing East Harlem Urban Renewal Plan which is set to expire in December 2020.