| Building name | Garment Center South Building |
| Primary address | Garment Center South Building - 498 7th Avenue |
| Secondary address | 205-221 W 36th St |
| Neighborhood | Garment District |
| Zip code | 10018 |
| Borough | Manhattan |
| Block & lot | 00786-0051 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 01/01/2013 |
| Purchase price | $15,737,767 |
| Tax class | Register |
| Estimated property tax | $10,049,927 |
| Lot sq. ft. | 38,800 |
| Lot dimensions | |
| Property type | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 803,800 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 24 |
| Year built | 1920 |
| Year last altered | 1998 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.23 Miles |
| Closest fire station | 0.00 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at Garment Center South Building - 498 7th Avenue, New York, NY 10018 has a total of 803,800 square feet and a current price per square foot of $19.
What is the year built & the current market value of Garment Center South Building - 498 7th Avenue, New York, NY 10018?Garment Center South Building - 498 7th Avenue, New York, NY 10018 was built in 1920 and has a current tax assessor's market value of $310,222,200.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease. There are 2 active listings at this address.
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.
| Listing type | For Lease |
|---|---|
| Last updated | 04/03/2026 |
| Lot size | 0.89 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| #1400 | General Office | Listing price not available | 6,200 | Andrew F. Conrad Matthew J. Coudert |
| #2100 | General Office | Listing price not available | 30,289 | Andrew F. Conrad Matthew J. Coudert |
Create a free account to view the complete sales history for 498 7th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
*Here are the three most recent sales for this property.
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.
R: Recorded date
D: Document date
Access detailed property tax data for Garment Center South Building - Garment Center South Building - 498 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: | $10,565,289 |
| Estimated property tax: | $10,049,927 |
| Tax assessor's market value: | $310,222,200 |
| Assessed value: | $139,600,000 |
Here's the assessment & property tax history for 498 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 | $310,222,200 | $139,600,000 | $139,600,000 | 10.848% | $15,143,808 | $10,677,566 | -6.43% |
| 2024/25 | $351,111,100 | $158,000,000 | $158,000,000 | 10.762% | $17,003,960 | $11,410,979 | -30.69% |
| 2023/24 | $345,433,000 | $155,444,850 | $155,444,850 | 10.592% | $16,464,719 | $16,464,719 | +0.69% |
| 2022/23 | $341,333,300 | $153,599,985 | $153,600,000 | 10.646% | $16,352,256 | $16,352,256 | -8.99% |
| 2021/22 | $376,164,000 | $169,273,800 | $167,069,359 | 10.755% | $17,968,310 | $17,968,310 | +52.07% |
The complete history of permits filed for 498 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.
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.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | 7th Ave & 34th St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | 1-2-3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.122 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 7 Av/W 37 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.029 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Garment Center South Building - Garment Center South Building - 498 7th Avenue, New York, NY 10018.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 761 6th Ave, New York | 3,627 | 10/24/2014 | |
| 223 W 19th St, New York | 24,124 | ||
| 242 W 16th St, New York | 21,643 | 02/12/1997 | |
| 136 1/2 W 15th St, New York | 2,640 | ||
| 725 6th Ave, New York | 6,272 | 08/04/2022 | $10,800,000 |
| 155 W 35th St, New York | 813 | ||
| 347 W 39th St, New York | 64,147 | 08/25/1980 | |
| 338 8th Ave, New York | 9,288 | ||
| 217 W 19th St, New York | 50,790 | ||
| 1 Penn Plz, New York | 2,689,635 | 09/25/2019 | |
| 129 W 27th St, New York | 84,745 | 12/10/1987 | |
| 1 Herald Sq, New York | |||
| 763 6th Ave, New York | 3,720 | 04/12/2001 | |
| 152 W 34th St, New York | 10,100 | 07/10/2008 | |
| 110 W 21st St, New York | |||
| 80 8th Ave, New York | 185,198 | 12/31/2012 | |
| 124 W 18th St, New York | 13,953 | ||
| 388 7th Ave, New York | 2,615 | 09/26/1986 | |
| 214 W 29th St, New York | 125,042 | 06/27/2019 |
