388 Greenwich Street - 388 Greenwich Street, New York, NY 10013 Property Information
388 Greenwich Street - 388 Greenwich Street, New York, NY 10013 Property Information
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Address
| Building name | 388 Greenwich Street |
| Primary address | 388 Greenwich Street - 388 Greenwich Street |
| Secondary address | 388-390 Greenwich St |
| Neighborhood | TriBeCa |
| Zip code | 10013 |
| Borough | Manhattan |
| Block & lot | 00216-0001 |
Sales & Tax Overview for 388 Greenwich Street, New York
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 06/10/2016 |
| Purchase price | $1,767,913,114 |
| Tax class | Register |
Lot & Building Information for 388 Greenwich Street, New York
| Lot sq. ft. | 172,327 |
| Lot dimensions | |
| Property type | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 2,354,289 |
| Building dimensions |
Area Overview
| School district | 2 |
| Community district | 1 |
| Closest police station | 0.16 Miles |
| Closest fire station | 0.20 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Building Description
Built in 1988 Shearson-Lehman Plaza is a 496-foot, 38-story located in TriBeCa. Originally known as Shearson-Lehman Plaza, it has since had its name changed to the Travelers Building. In addition to traditional office space it contains an outdoor park, daycare center, dining facilities, a medical center, and a conference center.
During the tragic events of September 11, 2001, it was used as a triage center for victims of the World Trade Center attacks; the building is located 10 blocks north of the original WTC site. It also boasts double-deck lift elevators, one of only a few buildings in New York City with this feature. The property overlooks the Hudson River and the Hudson River Greenway to the west, with Piers 25 and 26 prominently located. The TriBeCa Performing Arts Center and the Borough of Manhattan Community College are located due south. With the riverfront property in high demand, plenty of restaurants populate the area.
Other Property Data for 388 Greenwich Street, New York
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Alternate Addresses
You will find all alternate addresses for the property in this section.
- 388-390 Greenwich St, New York, NY 10013
- 390-392 Greenwich St, New York, NY 10013
- 35-49 Hubert St, New York, NY 10013
- 107 N Moore St, New York, NY 10013
- 380-396 Washington St, New York, NY 10013
- 226-230 West St, New York, NY 10013
About 388 Greenwich Street, New York
This Office Only with or without Commercial - 20 Stories or More (O4) located at 388 Greenwich Street - 388 Greenwich Street, New York, NY 10013 has a total of 2,354,289 square feet and a current price per square foot of $750.
What is the year built & the current market value of 388 Greenwich Street - 388 Greenwich Street, New York, NY 10013?388 Greenwich Street - 388 Greenwich Street, New York, NY 10013 was built in 1989 and has a current tax assessor's market value of $1,143,532,000.
How many commercial spaces does this building have?This building has 2 commercial spaces available for lease.
Ownership Information for 388 Greenwich Street, New York
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Past Sales & Property History for 388 Greenwich Street, New York
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*Here are the three most recent sales for this property.
Title Documents for 388 Greenwich Street, New York
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R: Recorded date
D: Document date
Property Taxes for 388 Greenwich Street, New York
Access detailed property tax data for 388 Greenwich Street - 388 Greenwich Street - 388 Greenwich Street, New York, NY 10013. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2026-2027 |
| Property tax: | $47,001,926 |
| Tax assessor's market value: | $1,143,532,000 |
| Assessed value: | $514,589,400 |
Assessment History for 388 Greenwich Street, New York
Here's the assessment & property tax history for 388 Greenwich Street, 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 | $1,155,555,600 | $520,000,000 | $502,574,330 | 10.848% | $54,519,263 | $45,698,532 | +2.01% |
| 2024/25 | $1,166,666,700 | $525,000,000 | $498,226,470 | 10.762% | $53,619,133 | $44,798,401 | +3.28% |
| 2023/24 | $1,142,141,000 | $513,963,450 | $492,782,220 | 10.592% | $52,195,493 | $43,374,761 | -16.77% |
| 2022/23 | $1,120,309,000 | $504,139,050 | $489,545,276 | 10.646% | $52,116,990 | $52,116,990 | +64.81% |
| 2021/22 | $653,407,000 | $294,033,150 | $294,033,150 | 10.755% | $31,623,265 | $31,623,265 | -5.65% |
Permits for 388 Greenwich Street, New York
The complete history of permits filed for 388 Greenwich Street, 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.
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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.
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Risk
| FEMA flood zone(s): | 0.2,AE,X (See more on map) |
| Hurricane evacuation zone: | 1 (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Varick St & North Moore St at NW Corner (Exit Only) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.224 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Neighbors for 388 Greenwich Street, New York
Here are the neighbors for 388 Greenwich Street - 388 Greenwich Street - 388 Greenwich Street, New York, NY 10013.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 28 Hubert St, New York | 21,800 | 08/07/2015 | $2,796,000 |
| 399 Washington St, New York | 9,375 | 05/19/1980 | |
| 54 Laight St, New York | 29,500 | 07/24/1995 | |
| 17 Hubert St, New York | 3,125 | 06/07/2022 | $4,150,000 |
| 76 Laight St, New York | 28,016 | 06/27/1973 | |
| 428 Greenwich St, New York | 4,531 | 11/26/2024 | |
| 64 Laight St, New York | 103,279 | ||
| 135 Hudson St, New York | 22,363 | 03/19/1974 | |
| 49 Beach St, New York | 7,200 | 12/08/2003 | $3,032,844 |
| 434 Greenwich St, New York | 27,743 | 11/12/2013 | $1,532,497 |
| 10 Hubert St, New York | 11,574 | 11/17/2011 | $8,300,000 |
| 79 Laight St, New York | 100,984 | ||
| 153 Hudson St, New York | 29,453 | ||
| 57 Laight St, New York | 12,300 | 01/13/1987 | |
| 11 Hubert St, New York | 10,218 | 08/19/2025 | $17,400,000 |
| 70 Laight St, New York | 12,500 | 08/10/2017 | $17,750,000 |
| 19 Hubert St, New York | 6,330 | 01/13/2003 | |
| 405 Greenwich St, New York | 15,000 |