New York City  »  10018  »  7th Ave  »  525 7th Ave

Fashion Center Building - 525 7th Avenue, New York, NY 10018 - Property report

Also known as: 141-151 W 38th St

Property image for Fashion Center Building - 525 7th Avenue, New York, NY 10018
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Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1925

Lot sq. ft.

19,750

General information

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Address
Building name
Fashion Center Building
Primary address
Fashion Center Building - 525 7th Avenue
Alternate address(es)
141-151 W 38th St
521-527 7th Ave
525-527 7th Ave
Show more
ZIP code
10018
Neighborhood
Garment District
Borough
Manhattan
Block & lot
00814-0001

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
411,074
Building dimensions
98 ft x 190 ft
Buildings on lot
1
Stories
22
Year built
1925
Building material
Sales
Sale date
01/18/2007
Sale price
$60,125,388
Tax
Tax year
2026-2027
Property tax
$5,790,310
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
98.75 ft x 200 ft
Lot sq. ft.
19,750

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
89 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.31 Miles
Closest fire station
0.09 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for Fashion Center Building - 525 7th Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Fashion Center Building - 525 7th Avenue, New York, NY 10018

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/11/2026 - R UCC3 Assignment
(2026050700920002)		 XXX XXXXXXXX XXX XXXX XXXX XXXXXX XXXXXXX XXX
06/11/2026 - R
01/15/2026 - D		 Assignment, Mortgage
(2026060900401001)		 XXXX XXXX XXXXXX XXXXXXX XXX XXXXXXXXXXXXX XXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX
05/11/2026 - R
12/23/2025 - D		 Asgn of Asgn of L&R
(2026050700920001)		 XXXX XXXX XXXXXX XXXXXXX XXX XXXXXXXXXXXXX XXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX
11/14/2025 - R Initial UCC1
(2025111300215006)		 XXX XXXXXXXX XXX XXXX XXXX XXXXXX XXXXXXX XXX
11/14/2025 - R UCC3 Termination
(2025111300215001)		 XXX XXXXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
11/14/2025 - R
11/04/2025 - D		 Assignment of Leases and Rents
(2025111300215005)		 XXX XXXXXXXX XXX XXXX XXXX XXXXXX XXXXXXX XXX
11/14/2025 - R
11/04/2025 - D		 Agreement
(2025111300215004)		 XXX XXXXXXXX XXX XXXX XXXX XXXXXX XXXXXXX XXX
11/14/2025 - R
11/04/2025 - D		 Release
(2025111300215003)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXX XXXXXXXX XXX
11/14/2025 - R
11/04/2025 - D		 Assignment, Mortgage
(2025111300215002)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXX XXXX XXXXXX XXXXXXX XXX
05/05/2025 - R UCC3 Continuation
(2025050500426001)		 XXX XXXXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Fashion Center Building - 525 7th Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$5,790,310
Municipal exemptions
Recent tax assessments
Market value
$118,615,000
Assessed value
$53,376,750

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $117,845,000 $53,030,250 $53,030,250 10.848% $5,752,722 $5,752,722 -1.17%
2024/25 $120,189,000 $54,085,050 $54,085,050 10.762% $5,820,633 $5,820,633 -14.88%
2023/24 $149,973,000 $67,487,850 $64,559,070 10.592% $6,838,097 $6,838,097 +0.97%
2022/23 $141,361,000 $63,612,450 $63,612,450 10.646% $6,772,181 $6,772,181 +12.08%
2021/22 $124,850,000 $56,182,500 $56,182,500 10.755% $6,042,428 $6,042,428 -14.28%
2020/21 $162,632,000 $73,184,400 $65,917,890 10.694% $7,049,259 $7,049,259 +6.38%
2019/20 $156,548,000 $70,446,600 $62,888,030 10.537% $6,626,512 $6,626,512 +4.94%
2018/19 $150,798,000 $67,859,100 $60,060,530 10.514% $6,314,764 $6,314,764 +5.35%
2017/18 $148,644,000 $66,889,800 $57,008,690 10.514% $5,993,894 $5,993,894 +5.67%
2016/17 $127,289,000 $57,280,050 $53,642,730 10.574% $5,672,182 $5,672,182 +2.41%
Permits

Permit information for Fashion Center Building - 525 7th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/04/2026 Alteration
06/22/2026 Alteration
06/22/2026 Alteration
06/01/2026 Alteration
06/01/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/30/2023 Hblvio-high pressure boiler boiler required
06/30/2023 Hblvio-high pressure boiler boiler required
06/30/2023 Hblvio-high pressure boiler boiler required

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
7th Ave & 40th St at SE Corner
Station lines
A-C-E-N-Q-R-S-1-2-3-7
Distance (miles)
0.076
View subway map

Access the detailed traffic volume map for Fashion Center Building - 525 7th Avenue, New York, NY 10018 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for Fashion Center Building - 525 7th Avenue, New York, NY

515 7th Ave, New York 1385 Broadway, New York 1015 6th Ave, New York 1407 Broadway, New York 1013 6th Ave, New York 108 W 39th St, New York 102 W 38th St, New York 1001 6th Ave, New York 1372 Broadway, New York 1025 6th Ave, New York 1411 Broadway, New York 1412 Broadway, New York 1017 6th Ave, New York 1384 Broadway, New York 1400 Broadway, New York 109 W 38th St, New York 1027 6th Ave, New York 104 W 40th St, New York 1011 6th Ave, New York 1410 Broadway, New York

Nearby ZIP codes for Fashion Center Building - 525 7th Avenue, New York, NY

10001, New York City, NY 10011, New York City, NY 10016, New York City, NY 10019, New York City, NY 10020, New York City, NY 10036, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Fashion Center Building - 525 7th Avenue, New York, NY 10018?

The development at Fashion Center Building - 525 7th Avenue, New York, NY 10018 was built in 1925.

What is the market value of Fashion Center Building - 525 7th Avenue, New York, NY 10018?

The current market value of Fashion Center Building - 525 7th Avenue, New York, NY 10018 is $118,615,000.

What is the total square footage of Fashion Center Building - 525 7th Avenue, New York, NY 10018?

Fashion Center Building - 525 7th Avenue, New York, NY 10018 has a total of 411,074 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 102.

How many active listings does Fashion Center Building - 525 7th Avenue, New York, NY 10018 have?

This address has 17 active listing(s).

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