New York City  »  10018  »  7th Ave  »  498 7th Ave

Garment Center South Building - 498 7th Avenue, New York, NY 10018 - Property report

Also known as: 205-221 W 36th St

Property image for Garment Center South Building - 498 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

1920

Lot sq. ft.

38,800

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Garment Center South Building
Primary address
Garment Center South Building - 498 7th Avenue
Alternate address(es)
200-214 W 37th St
205-221 W 36th St
492-498 7th Ave
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ZIP code
10018
Neighborhood
Garment District
Borough
Manhattan
Block & lot
00786-0051

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
803,800
Building dimensions
99 ft x 225 ft
Buildings on lot
1
Stories
24
Year built
1920
Last altered
1998
Building material
Sales
Sale date
01/01/2013
Sale price
$15,737,767
Tax
Tax year
2026-2027
Property tax
$10,565,289
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Commercial units
1
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
98.75 ft x 225 ft
Lot sq. ft.
38,800

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
87 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.23 Miles
Closest fire station
0.00 Miles

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

Ownership

Ownership information for Garment Center South Building - 498 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 Garment Center South Building - 498 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
12/17/2024 - R UCC3 Continuation
(2024121601111001)		 XXX XXXXXXX XXX XXXXXXX XXXX XXXXXX XXXXXXX XXX
11/06/2023 - R
10/03/2023 - D		 Agreement
(2023110200791001)		 XXXXXXX XXXXXX XXXXXXX XXX XXX XXXXXXX XXXXXX XXX
08/13/2020 - R
06/24/2020 - D		 Agreement
(2020081300349001)		 XXXXXXX XXXX XXXXXX XXXXXXX XXX XXXXXXXX XXX
05/07/2020 - R Initial UCC1
(2020050700154007)		 XXX XXXXXXX XXX XXXXXXX XXXX XXXXXX XXXXXXX XXX
05/07/2020 - R UCC3 Termination
(2020050700154003)		 XXX XXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX
05/07/2020 - R
05/01/2020 - D		 Assignment of Leases and Rents
(2020050700154006)		 XXX XXXXXXX XXX XXXXXXX XXXX XXXXXX XXXXXXX XXX
05/07/2020 - R
05/01/2020 - D		 Agreement
(2020050700154005)		 XXX XXXXXXX XXX XXXXXXX XXXX XXXXXX XXXXXXX XXX
05/07/2020 - R
05/01/2020 - D		 Mortgage
(2020050700154004)		 XXX XXXXXXX XXX XXXXXXX XXXX XXXXXX XXXXXXX XXX
05/07/2020 - R
05/01/2020 - D		 Termination of Assign of L&R
(2020050700154002)		 X X XXXX XXXXXXXX XXXXXXXXXXX XXX XXXXXXX XXX
05/07/2020 - R
05/01/2020 - D		 Assignment, Mortgage
(2020050700154001)		 X X XXXX XXXXXXXX XXXXXXXXXXX XXXXXXX XXXX XXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Garment Center South Building - 498 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
$10,565,289
Municipal exemptions
Recent tax assessments
Market value
$299,665,000
Assessed value
$134,849,250

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 $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%
2020/21 $259,924,000 $116,965,800 $110,491,170 10.694% $11,815,926 $11,815,926 +6.13%
2019/20 $259,276,000 $116,674,200 $105,657,900 10.537% $11,133,173 $11,133,173 +4.04%
2018/19 $269,727,000 $121,377,150 $101,780,910 10.514% $10,701,245 $10,701,245 +6.30%
2017/18 $243,417,000 $109,537,650 $95,745,480 10.514% $10,066,680 $10,066,680 +4.12%
2016/17 $212,896,000 $95,803,200 $91,437,950 10.574% $9,668,649 $9,668,649 +1.36%
Permits

Permit information for Garment Center South Building - 498 7th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
04/27/2026 Alteration
03/20/2026 Alteration
10/07/2025 Alteration
10/07/2025 Alteration
10/07/2025 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
12/01/2024 Egrade-failure to post energy grade/score none
12/01/2023 Egrade-failure to post energy grade/score none
02/22/2022 Fispnrf-no report and / OR late filing (facade) facade 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 & 34th St at NW Corner
Station lines
1-2-3
Distance (miles)
0.122
View subway map

Access the detailed traffic volume map for Garment Center South Building - 498 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 Garment Center South Building - 498 7th Avenue, New York, NY

761 6th Ave, New York 223 W 19th St, New York 242 W 16th St, New York 136 1/2 W 15th St, New York 725 6th Ave, New York 155 W 35th St, New York 347 W 39th St, New York 338 8th Ave, New York 217 W 19th St, New York 1 Penn Plz, New York 129 W 27th St, New York 1 Herald Sq, New York 763 6th Ave, New York 152 W 34th St, New York 110 W 21st St, New York 80 8th Ave, New York 124 W 18th St, New York 388 7th Ave, New York 214 W 29th St, New York

Nearby ZIP codes for Garment Center South Building - 498 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 Garment Center South Building - 498 7th Avenue, New York, NY 10018?

The development at Garment Center South Building - 498 7th Avenue, New York, NY 10018 was built in 1920.

What is the market value of Garment Center South Building - 498 7th Avenue, New York, NY 10018?

The current market value of Garment Center South Building - 498 7th Avenue, New York, NY 10018 is $299,665,000.

What is the total square footage of Garment Center South Building - 498 7th Avenue, New York, NY 10018?

Garment Center South Building - 498 7th Avenue, New York, NY 10018 has a total of 803,800 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

How many active listings does Garment Center South Building - 498 7th Avenue, New York, NY 10018 have?

This address has 1 active listing(s).

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