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NYC Building Records · BBL 1008390055

8 WEST 38 STREET

Manhattan · Block 839 · Lot 55 · Office building (Class O6)

8 WEST 38 STREET is a Class O6 (office building) building in Manhattan (BBL 1008390055) built in 1900, with 33 residential units across 12 floors.

The building is in NYC community district 105, council district 4, zoning district M1-9A/R12, on a 9,875-square-foot lot with a building footprint of 112,120 square feet.

The current registered owner of record per NYC PLUTO is JAY ON 38TH STREET, LLC.

The most recent ACRIS deed transfer for this BBL was recorded on July 31, 2024 when THE ROBERT JASON SCHUSTACK IRREVOCABLE TRUST DECEM; FELDER GRANTOR RETAINED ANNUITY TRUST, DATED DECEM; FELDER, JOAN; RICHARD FELDER, TRUSTEE; RICHARD FELDER, TRUSTEE; JUDITH SCHUSTACK, TRUSTEE; THE ERNA KAUFFMAN GRANTOR TRUST; FAMILY TRUST UNDER THE GERALD SPERLING GRAT AGREEM; FELDER, WILLIAM A.; SEENA SPERLING, TRUSTEE; DAVID SCHUSTACK, TRUSTEE; FELDER II GRANTOR RETAINED ANNUITY TRUST, DATED DE; WILLIAM A. FELDER, TRUSTEE; THE AMY BETH SMITH IRREVOCABLE TRUST DECEMBER 2012 conveyed the property to JAY ON 38TH STREET, LLC for $35.00M. The transaction was financed with a $1.20M mortgage from Apple Bank; Apple Bank For Savings.

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

JAY ON 38TH STREET, LLC

Most recent deed

Last transferred on Jul 31, 2024 for $35.0M to JAY ON 38TH STREET, LLC.
Previous owner: THE ROBERT JASON SCHUSTACK IRREVOCABLE TRUST DECEM; FELDER GRANTOR RETAINED ANNUITY TRUST, DATED DECEM; FELDER, JOAN; RICHARD FELDER, TRUSTEE; RICHARD FELDER, TRUSTEE; JUDITH SCHUSTACK, TRUSTEE; THE ERNA KAUFFMAN GRANTOR TRUST; FAMILY TRUST UNDER THE GERALD SPERLING GRAT AGREEM; FELDER, WILLIAM A.; SEENA SPERLING, TRUSTEE; DAVID SCHUSTACK, TRUSTEE; FELDER II GRANTOR RETAINED ANNUITY TRUST, DATED DE; WILLIAM A. FELDER, TRUSTEE; THE AMY BETH SMITH IRREVOCABLE TRUST DECEMBER 2012
Mortgage: $1.2M recorded Jul 30, 2024 with Apple Bank; Apple Bank For Savings. Loan-to-value: 3%.
🔒 See all transfers before the 2024 sale →

Recent ACRIS documents (last 5)

DateTypeAmountParties
Jul 31, 2024DEEDNot disclosedParties redacted — full names in MetroDeeds Scout+
Jul 31, 2024DEED$35.0MParties redacted — full names in MetroDeeds Scout+
Jul 30, 2024AGMT$1.2MParties redacted — full names in MetroDeeds Scout+
Jul 7, 2017MTGE$2.1MParties redacted — full names in MetroDeeds Scout+
Jul 7, 2017AGMT$13.5MParties redacted — full names in MetroDeeds Scout+
🔒 Reveal the 5 redacted buyer/seller names above →

Building stats

Units
33
Year built
1900
Class
O6
Borough
Manhattan
Zoning:
M1-9A/R12
Lot size:
9,875 sqft
Building area:
112,120 sqft
Floors:
12
Assessed value:
$11.0M
Community district:
105
Council district:
4

HPD violations

0 open
No open violations on record. Source: NYC HPD.
🔒 See every closed violation + inspection history →

Recent HPD violation details

No open HPD violations recorded for this building.

Recent ACRIS activity

5 documents in the last 5 years (most recent Jul 31, 2024).

Frequently asked questions about 8 WEST 38 STREET

Who owns 8 WEST 38 STREET?

The current registered owner of record for 8 WEST 38 STREET per NYC PLUTO is JAY ON 38TH STREET, LLC. The most recent ACRIS deed transfer for this BBL was recorded on July 31, 2024 when the property was conveyed to JAY ON 38TH STREET, LLC. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.

When was 8 WEST 38 STREET last sold?

The most recent ACRIS deed transfer for 8 WEST 38 STREET was recorded on July 31, 2024, when THE ROBERT JASON SCHUSTACK IRREVOCABLE TRUST DECEM; FELDER GRANTOR RETAINED ANNUITY TRUST, DATED DECEM; FELDER, JOAN; RICHARD FELDER, TRUSTEE; RICHARD FELDER, TRUSTEE; JUDITH SCHUSTACK, TRUSTEE; THE ERNA KAUFFMAN GRANTOR TRUST; FAMILY TRUST UNDER THE GERALD SPERLING GRAT AGREEM; FELDER, WILLIAM A.; SEENA SPERLING, TRUSTEE; DAVID SCHUSTACK, TRUSTEE; FELDER II GRANTOR RETAINED ANNUITY TRUST, DATED DE; WILLIAM A. FELDER, TRUSTEE; THE AMY BETH SMITH IRREVOCABLE TRUST DECEMBER 2012 conveyed the property to JAY ON 38TH STREET, LLC for $35.00M. The transaction was financed with a $1.20M mortgage from Apple Bank; Apple Bank For Savings.

How many HPD violations does 8 WEST 38 STREET have?

No open HPD housing-maintenance code violations are on record for 8 WEST 38 STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 8 WEST 38 STREET?

NYC Department of Finance assesses 8 WEST 38 STREET at $10.99M for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 8 WEST 38 STREET and what does that mean?

8 WEST 38 STREET is NYC building class O6 — Office building. Office building. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

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