# 40 Sherman Avenue, Manhattan

Apartment building · 45 units · built c. 1914 · Block 2175, Lot 92.

On Umarelli: https://umarelli.org/nyc/1021750092/40-sherman-avenue

More construction in Washington Heights: https://umarelli.org/nyc/manhattan/washington-heights.md

Every lot on block 2175: https://umarelli.org/nyc/manhattan/2175.md

## Building permits

- Alteration, filed Dec 23, 2019, estimated cost $18K, described as “Install chimney liner”
- Alteration, filed Nov 25, 2019, estimated cost $1K, described as “Connect to existing gas piping for replacement gas/oil burner and refiling of boiler (originally filed under mis 2072-82). No change in use, egress or occupancy.”
- Alteration, filed Nov 25, 2019, estimated cost $16K, described as “Refiling of boiler (originally filed under mis 2072-82) and replacement gas/oil burner as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $1,160,100
- 2026–27 tax: $50,323
- Market value (city estimate): $2,578,000
- Taxable value: $714,374
- Assessed land: $270,000
- Assessed improvements: $890,100

## Tax breaks

- J-51 exemption, through Jun 30, 2055, about $37,722 a year below the full tax.
- J-51 abatement, through Sep 30, 2040, a $22,200 credit this tax year.
- Solar abatement, through Jun 30, 2027, a $16,338 credit this tax year.

## Zoning

R7-2: floor area ratio 3.80 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

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