NY Property Records

8 West 38 Street
Manhattan · New York County · 10018

05 · Commercial & OfficeSold $35,000,000 · Jul 2024 ↗
Owner of record
OwnerJay On 38th Street, LLC
Assessment · 2025 roll
Land assessed$4,369,500
Total assessed$12,383,550
Est. annual tax$1,306,758 (2027, excl. special districts)
Building
StyleBank Building (Designed Exclusively for Banking)
Year built1900
Lot
Size0.23 acres (GIS)
Frontage × depth100 × 99 ft
Lot sq ft9,875
Zoning
DistrictM1-9A/R12
Special districtMSX
FAR11.35 built · 15.0 max residential · 15.0 max commercial · 15.0 max facility
Zoning map8d
Recorded documents · 52
ASGN OF ASGN OF L&R Jan 31, 2025
assignor Citi Real Estate Funding Inc.
assignee Wilmington Savings Fund Society, Fsb, As Trustee,
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ASSIGNMENT, MORTGAGE Jan 31, 2025
assignor/old lender Citi Real Estate Funding Inc.
assignee/new lender Wilmington Savings Fund Society, Fsb, As Trustee,
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ASSIGNMENT, MORTGAGE Aug 7, 2024
assignor/old lender Apple Bank; Apple Bank For Savings
assignee/new lender Citi Real Estate Funding Inc
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Show all 52
MORTGAGE AND CONSOLIDATION $19,000,000 Aug 7, 2024
mortgagor Jay On 38th Street LLC
mortgagee Citi Real Estate Funding Inc
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TERMINATION OF ASSIGN OF L&R Aug 7, 2024
party one Apple Bank; Apple Bank For Savings
party two Fraglow Realty LLC
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ASSIGNMENT OF LEASES AND RENTS $19,000,000 Aug 7, 2024
assignor Jay On 38th Street LLC
assignee Citi Real Estate Funding Inc
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TERMINATION OF ASSIGN OF L&R Aug 7, 2024
party one Apple Bank; Apple Bank For Savings
party two Fraglow Realty LLC
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TERMINATION OF ASSIGN OF L&R Aug 7, 2024
party one Apple Bank; Apple Bank For Savings
party two Fraglow Realty LLC
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DEED Aug 7, 2024
grantor/seller Fraglow Realty LLC
grantee/buyer David Schustack, Trustee; Family Trust Under The Gerald Sperling Grat Agreem +11
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ASSIGNMENT, MORTGAGE Aug 7, 2024
assignor/old lender Apple Bank; Apple Bank For Savings
assignee/new lender Citi Real Estate Funding Inc
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TERMINATION OF ASSIGN OF L&R Aug 7, 2024
party one Apple Bank; Apple Bank For Savings
party two Fraglow Realty LLC
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TERMINATION OF ASSIGN OF L&R Aug 7, 2024
party one Apple Bank; Apple Bank For Savings
party two Fraglow Realty LLC
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DEED $35,000,000 Aug 7, 2024
grantor/seller David Schustack, Trustee; Family Trust Under The Gerald Sperling Grat Agreem +11
grantee/buyer Jay On 38th Street, LLC
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AGREEMENT $13,500,000 Aug 7, 2024
party 1 David Schustack, Trustee; Family Trust Under The Gerald Sperling Grat Agreem +11
party 2 Apple Bank; Apple Bank For Savings
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AGREEMENT $1,200,000 Aug 7, 2024
party 1 David Schustack, Trustee; Family Trust Under The Gerald Sperling Grat Agreem +11
party 2 Apple Bank; Apple Bank For Savings
View on ACRIS ↗
NYC REAL PROPERTY TRANSFER TAX $28,050,000 Jan 2, 2018
grantor/seller Level 3 Communications LLC
grantee/buyer Century Link Inc.
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CORRECTION MORTGAGE $1,200,000 Aug 2, 2017
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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AGREEMENT $13,500,000 Jul 27, 2017
party 1 Fraglow Realty LLC
party 2 Apple Bank For Savings
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MORTGAGE $1,200,000 Jul 27, 2017
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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MORTGAGE $2,147,080 Jul 27, 2017
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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ASSIGNMENT OF LEASES AND RENTS $13,500,000 Jul 27, 2017
assignor Fraglow Realty LLC
assignee Apple Bank For Savings
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ASSIGNMENT OF LEASES AND RENTS $1,200,000 Jul 27, 2017
assignor Fraglow Realty LLC
assignee Apple Bank For Savings
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MORTGAGE $1,000,000 Apr 19, 2016
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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AGREEMENT $10,797,171 Apr 19, 2016
party 1 Fraglow Realty LLC
party 2 Apple Bank For Savings
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ASSIGNMENT OF LEASES AND RENTS $1,000,000 Apr 19, 2016
assignor Fraglow Realty LLC
assignee Apple Bank For Savings
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ASSIGNMENT OF LEASES AND RENTS $12,000,000 Mar 5, 2012
assignor Fraglow Realty LLC
assignee Apple Bank For Savings
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MORTGAGE $2,950,698 Mar 5, 2012
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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AGREEMENT $12,000,000 Mar 5, 2012
party 1 Fraglow Realty LLC
party 2 Apple Bank For Savings
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BOTH RPTT AND RETT Jul 31, 2009
grantor/seller Hachette Filipacchi Presse Sa
grantee/buyer Lagardere North America, Inc.
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AGREEMENT $9,500,000 Jul 18, 2008
party 1 Fraglow Realty LLC
party 2 Apple Bank For Savings
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ASSIGNMENT OF LEASES AND RENTS $9,500,000 Jul 18, 2008
assignor Fraglow Realty LLC
assignee Apple Bank For Savings
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MORTGAGE $2,399,761 Jul 18, 2008
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Apple Bank For Savings
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ASSIGNMENT, MORTGAGE Jul 18, 2008
assignor/old lender Hsbc Realty Credit Coroporation
assignee/new lender Apple Bank For Savings
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TERMINATION OF ASSIGN OF L&R Jul 18, 2008
party one Hsbc Bank Usa,
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BOTH RPTT AND RETT $670,000 Feb 10, 2006
grantor/seller Friedman, Brian
grantee/buyer Charles, Randolph R
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MORTGAGE $1,602,591 Jul 28, 2003
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Hsbc Bank Usa
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TERMINATION OF ASSIGN OF L&R Jul 28, 2003
party one Independence Community Bank
party two Fraglow Realty LLC
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AGREEMENT Jul 28, 2003
party 1 Fraglow Realty LLC
party 2 Hsbc Bank Usa
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ASSIGNMENT, MORTGAGE Jul 28, 2003
assignor/old lender Hsbc Bank Usa
assignee/new lender Hsbc Realty Credit Corporation (Usa)
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ASSIGNMENT OF LEASES AND RENTS Jul 28, 2003
assignor Hsbc Bank Usa
assignee Fraglow Realty LLC
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ASSIGNMENT, MORTGAGE Jul 28, 2003
assignor/old lender Independence Community Bank
assignee/new lender Hsbc Bank Usa
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DEED Dec 11, 2001
grantor/seller Fraglow Associates
grantee/buyer Fraglow Realty LLC
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AGREEMENT Dec 11, 2001
party 1 Farglow Realty LLC
party 2 Independence Community Bank
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MORTGAGE $3,851,231 Dec 11, 2001
mortgagor/borrower Fraglow Realty LLC
mortgagee/lender Independence Communtiy Bank
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ASSIGNMENT, MORTGAGE Dec 11, 2001
assignor/old lender Manufacturers And Traders Trust Company
assignee/new lender Independence Community Bank
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ASSIGNMENT, MORTGAGE Dec 11, 2001
assignor/old lender Fraglow Realty LLC
assignee/new lender Independence Community Bank
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SUNDRY AGREEMENT Dec 11, 2001
party 1 Manufacturers And Traders Trust Company
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AGREEMENT Apr 25, 1991
party 1 Fraglow Associates
party 2 East New York Savings Bk
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SUNDRY AGREEMENT Apr 25, 1991
party 1 American Savings Bank
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ASSIGNMENT, MORTGAGE Apr 25, 1991
assignor/old lender Fraglow Associates
assignee/new lender East New York Savings Bk
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ASSIGNMENT, MORTGAGE Apr 25, 1991
assignor/old lender American Savings Bank
assignee/new lender East New York Sv Bk
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MORTGAGE $935,000 Apr 25, 1991
mortgagor/borrower Fraglow Associates
mortgagee/lender East New York Savings Bk
View on ACRIS ↗
DOB violations — total 30 · open 3 · dismissed 13
Energy Grade - LL33 Dismissed Dec 1, 2024
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗
Energy Grade - LL33 Dismissed Dec 1, 2023
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗
Sprinklers Dismissed Sep 3, 2019
FAILED TO FILE FINAL SPRINKLER REPORT BY JULY 1, 2019
BIS ↗
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FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED Dismissed May 31, 2018
FAILED TO FILE FISP CYCLE 8A TECHNICAL REPORT BY 02/21/2017
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jul 28, 2017
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jul 28, 2017
BIS ↗
AEUHAZ Dismissed Feb 8, 2017
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗
AEUHAZ Dismissed Feb 8, 2017
FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
BIS ↗
ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED Dismissed Jan 3, 2017
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2015 CAT 1 INSP/TST
BIS ↗
ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED Dismissed Jan 3, 2017
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2015 CAT 1 INSP/TST
BIS ↗
ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED Dismissed Jan 3, 2017
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2015 CAT 1 INSP/TST
BIS ↗
ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED Dismissed Jan 3, 2017
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2015 CAT 1 INSP/TST
BIS ↗
ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED Dismissed May 30, 2014
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2012 CAT 1 INSP/TST
BIS ↗
FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED Dismissed Jan 31, 2013
FAILED TO FILE FISP CYCLE 7A TECHNICAL REPORT BY 02/21/2012
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Mar 2, 2012
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Dec 15, 2010
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Dec 15, 2010
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Dec 15, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Feb 11, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Feb 11, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Feb 11, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Feb 11, 2008
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 19, 2006
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Active Oct 16, 2002
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Active Oct 16, 2002
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 16, 2002
1P6158
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Oct 16, 2002
1P6159
BIS ↗
C-CONSTRUCTION OTHER OPTIONAL Dismissed Sep 17, 2002
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 29, 2000
1P6158
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Active Mar 13, 2000
1P13531
BIS ↗
DOB complaints — total 21 · open 0 · closed 21
Permit – none (building/PA/demolition) Closed Jan 14, 2025
Complaint 1686452
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Adult establishment Closed Oct 15, 2023
Complaint 1650992
View on BIS ↗
Electrical wiring – defective/exposed Closed Sep 28, 2023
Complaint 1649514
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Show all 21
Category 4F Closed Jun 21, 2018
Complaint 1482342
View on BIS ↗
Electrical wiring – defective/exposed Closed Feb 5, 2018
Complaint 1471651
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Electrical wiring – defective/exposed Closed Nov 17, 2017
Complaint 1465759
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Electrical wiring – defective/exposed Closed Sep 27, 2017
Complaint 1461618
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Electrical wiring – defective/exposed Closed Jul 27, 2017
Complaint 1456381
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Electrical wiring – defective/exposed Closed Jul 24, 2017
Complaint 1456007
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Electrical wiring – defective/exposed Closed May 2, 2017
Complaint 1449546
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Category 4B Closed Mar 20, 2017
Complaint 1445994
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Electrical wiring – defective/exposed Closed Mar 6, 2017
Complaint 1444995
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Electrical wiring – defective/exposed Closed Nov 4, 2016
Complaint 1436759
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Plumbing work – illegal/no permit Closed Nov 4, 2016
Complaint 1436743
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Permit – none (building/PA/demolition) Closed Nov 4, 2016
Complaint 1436741
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Unlicensed/illegal plumbing work in progress Closed Dec 1, 2010
Complaint 1293855
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Unlicensed/illegal/improper electrical work Closed Dec 1, 2010
Complaint 1293856
View on BIS ↗
Permit – none (building/PA/demolition) Closed Dec 1, 2010
Complaint 1293854
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Elevator – not inspected/illegal/no permit Closed Aug 5, 2002
Complaint 1099396
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Vent/exhaust – illegal/improper Closed Dec 1, 1998
Complaint 1062803
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Permit – none (building/PA/demolition) Closed Jun 21, 1996
Complaint 1042467
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No HPD violations on file.
Deed & identifiers
SBL1008390055
SWIS620100
Parcel ID6201001008390055

Who owns 8 West 38 Street?

8 West 38 Street, Manhattan is owned by Jay On 38th Street, LLC per the 2025 NYS assessment roll. It last sold for $35,000,000 in Jul 2024.
Public record, NYS tax roll 2025. Values are the assessor's, not an appraisal. Provided for informational purposes only — accuracy and completeness are not warranted or guaranteed; verify against official sources before relying on it. Disclaimer · Request redaction

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