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Manhattan / Chelsea-Hudson Yards / 10018

509 WEST 38 STREET

Recorded on the Digital Tax Map as 515 WEST 38 STREET CONDOMINIUM.

Boro1
Block710
Lot7501
BBL1007107501
Class RM
Residential units
225
Units in total
230
Storeys
30
Year built
2015
Last alteration on file
2015
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 14,812 SQ FT30
Drawn from PLUTO: 30 storeys, 203,794 sq ft of building on 14,812 sq ft of lot, an average floor plate covering 46% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
14,812 sq ft
Building area
203,794 sq ft
Residential area
150,807 sq ft
Commercial area
52,987 sq ft
Office area
-
Retail area
18,579 sq ft
Buildings on the lot
1
Built floor area ratio
13.76
Residential FAR permitted
10
Zoning district
C2-8
03

Assessment

Assessed land value
$2,859,301
Assessed total value
$39,785,570
Exempt value
$38,633,118
Assessed per residential unit
$176,825

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
Chelsea-Hudson Yards
ZIP code
10018
Community district
Manhattan 4
Council district
3
Coordinates
40.757683, -73.997971

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Chelsea-Hudson Yards

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
345 8TH AVENUED41,1341960475$131k
311 11TH AVENUED793820200-
415 WEST 23 STREETD990119345$1.97m
371 9 AVENUERM84420150-
311 WEST 24 STREETD47561963350$130k
539 WEST 28 STREETD871020130-
551 10 AVENUERM59820131-
476 11 AVENUED759020200-
320 WEST 38 STREETD856920070-
305 9 AVENUED45601963138$130k
505 WEST 35TH STREETRM53220200-
450 WEST 17 STREETRM4692006382$1.75m

Every building on file in Chelsea-Hudson Yards