2435 Frederick Douglass Boulevard, Manhattan
Commercial · Block 1958, Lot 13.
Building permits
- New Building — Tower, filed May 20, 2025, 282 units, 22 stories, described as “HUB PROJECT. Construction of a new 22 story residential building for HPD-assisted affordable housing. We are filing at this time solely for BSA Objections as noted on plans.”
- Alteration, filed May 8, 2025, estimated cost $6K, described as “Installation of temporary plywood fence as per plans during construction. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Feb 14, 2023, estimated cost $6K, described as “Installation of temporary plywood fence as per plans during construction. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
Property taxes
- Assessment
- $837,900
- 2026–27 tax
- $85,975
- Market value (city estimate)
- $1,862,000
- Taxable value
- $792,541
- Assessed land
- $329,400
- Assessed improvements
- $508,500
Zoning
R8: floor area ratio 0.81 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 12, 2024: $16,500,000
- May 25, 2023: $17,288,405
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 2025-48-BZ): Variance or special permit, Granted, filed Oct 20, 2025, decided Feb 9, 2026. Variance (§72-21) to permit the development of a 22-story residential building containing 282 units of permanently affordable housing and supportive non-profit housing contrary to underlying bulk regulations. C1-4/R8 zoning district.