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Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 Property Information

Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 3
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Address

Building name Garment Centre Capitol
Primary address Garment Centre Capitol - 500 7th Avenue
Secondary address 201-219 W 37th St
Neighborhood Garment District
Zip code 10018
Borough Manhattan
Block & lot 00787-0040

Sales & Tax Overview for 500 7th Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $7,534,691

Lot & Building Information for 500 7th Avenue, New York

Lot sqft 36,260
Lot dimensions 74.67 ft x 275 ft
Building class Office with Commercial 7-19 Stories (O6)
Building sqft 606,078
Building dimensions 75 ft x 275 ft
Buildings on lot 1
Stories 17
Year built 1921
Year last altered 2000
Construction type
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Zoning & Use for 500 7th Avenue, New York

Zoning
Commercial units 17
Office sqft
Retail sqft
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.23 Miles
Closest fire station 0.01 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 500 7th Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Garment Centre Capitol - 500 7th Avenue, New York, NY 10018, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for Garment Centre Capitol - 500 7th Avenue, New York, NY 10018, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 201-219 W 37th St, New York, NY 10018
  • 214-226 W 38th St, New York, NY 10018
  • 500-506 7th Ave, New York, NY 10018

About 500 7th Avenue, New York

How many square feet does Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 have?

This Office with Commercial 7-19 Stories (O6) located at Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 has a total of 606,078 square feet.

What is the year built & the current market value of Garment Centre Capitol - 500 7th Avenue, New York, NY 10018?

Garment Centre Capitol - 500 7th Avenue, New York, NY 10018 was built in 1921 and has a current tax assessor's market value of $156,990,000.

How many commercial spaces does this building have?

This building has 17 commercial spaces available for lease. There are 1 active listings at this address.

Ownership Information for 500 7th Avenue, New York

View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.

Property owner name for Garment Centre Capitol - 500 7th Avenue, New York, NY 10018
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Building contacts for Garment Centre Capitol - 500 7th Avenue, New York, NY 10018
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 500 7th Avenue, New York

Millennium Towers
Listing type For Lease
Last updated 04/29/2026
Lot size 0.83 Acre
View Listing

Brokers

Bruce E. Mosler
Ethan Silverstein
Mitchell Arkin
Haley Fisher
Spaces
Suite name Space type Lease rate Available space Brokers
10th Floor General Office Listing price not available 25,721 Simon Landmann
Mitchell L. Konsker
Active Listings For This Property:
For Lease Millennium Towers
Millennium Towers
500 7th Avenue, New York
Property General Office
Availability 1 Spaces listed / 25721 Sqft
Price Listing price not available
Real Estate Reports:
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Past Sales & Property History for 500 7th Avenue, New York

Create a free account to view the complete sales history for 500 7th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 500 7th Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
11/15/2023 - R Initial UCC1
(2023110900847001)
04/06/2023 - R Initial UCC1
(2023040600532001)
04/06/2023 - R UCC3 Continuation
(2023040600523001)
04/06/2023 - R UCC3 Continuation
(2023040600437001)
01/31/2022 - D
04/13/2022 - R
NYC Real Property Transfer Tax
(2022022301299001)
10/11/2021 - D
01/07/2022 - R
Memorandum of Lease
(2021123100259001)
04/07/2021 - D
01/07/2022 - R
Sundry Agreement
(2021123100259002)
05/30/2019 - D
06/26/2019 - R
Sundry Agreement
(2019062500648002)
06/20/2018 - R Initial UCC1
(2018061500539004)
06/20/2018 - R Initial UCC1
(2018061500539003)
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R: Recorded date
D: Document date

Property Taxes for 500 7th Avenue, New York

Access detailed property tax data for Garment Centre Capitol - Garment Centre Capitol - 500 7th Avenue, New York, NY 10018. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,412,280
Estimated property tax: $7,534,691
Tax assessor's market value: $156,990,000
Assessed value: $70,645,500

Assessment History for 500 7th Avenue, New York

Here's the assessment & property tax history for 500 7th Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $156,990,000 $70,645,500 $68,328,542 10.848% $7,412,280 $7,412,280 +2.86%
2024/25 $156,685,000 $70,508,250 $66,957,163 10.762% $7,205,930 $7,205,930 +3.35%
2023/24 $154,965,000 $69,734,250 $65,828,596 10.592% $6,972,565 $6,972,565 +0.95%
2022/23 $146,066,000 $65,729,700 $64,877,031 10.646% $6,906,809 $6,906,809 +0.19%
2021/22 $144,500,000 $65,025,000 $64,097,099 10.755% $6,893,643 $6,893,643 +0.76%

Permits for 500 7th Avenue, New York

The complete history of permits filed for 500 7th Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
03/31/2026 Alteration
03/25/2026 Alteration
02/13/2026 Alteration
02/12/2026 Alteration
12/31/2025 Alteration
06/23/2025 Alteration
11/11/2024 Alteration
10/09/2024 Alteration
09/25/2024 Alteration
01/27/2023 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station 7th Ave & 40th St at SW Corner
Station lines A-C-E-N-Q-R-S-1-2-3-7
Distance (miles) 0.122
View subway map
Bus Routes
Name 7 Av/W 37 St
Line M7
Distance (miles) 0.057

Neighbors for 500 7th Avenue, New York

Here are the neighbors for Garment Centre Capitol - Garment Centre Capitol - 500 7th Avenue, New York, NY 10018.

Address Square feet Purchase date Purchase price
230 W 38th St, New York 137,887 11/14/2012
240 W 37th St, New York 130,766 10/01/2018
256 W 38th St, New York 96,736 11/14/2025
554 8th Ave, New York 255,696 06/26/1998
225 W 37th St, New York 163,103 11/14/2012
237 W 37th St, New York 64,280 07/25/2007
580 8th Ave, New York 72,649 12/19/2018 $17,705,951
247 W 37th St, New York 214,130 02/11/1997
265 W 37th St, New York 225,858 01/13/2021
252 W 37th St, New York 139,629 02/28/2007 $33,700,000
246 W 38th St, New York 96,275 01/17/2017 $6,215,000
222 W 37th St, New York 49,300 07/31/2009 $14,350,000
570 8th Ave, New York 4,251 01/14/1983
262 W 38th St, New York 95,491 01/15/2013
241 W 37th St, New York 87,802 04/24/2001
226 W 37th St, New York 83,500 02/23/2004 $11,820,000
228 W 38th St, New York 12,245 05/09/2002
240 W 38th St, New York 6,468 10/23/2008 $5,500,000
242 W 38th St, New York 47,661 05/07/2026 $9,000,000
221 W 37th St, New York 21,180 05/25/2022 $15,450,000
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