# 5 Hanover Square, Manhattan

Condominium · built 1962 · Block 28, Lot 7502.

On Umarelli: https://umarelli.org/nyc/1000287502/5-hanover-square

More construction in Financial District: https://umarelli.org/nyc/manhattan/financial-district.md

## Building permits

- Alteration, filed May 28, 2026, estimated cost $20K, described as “Interior non-structural demo as shown on the plans.”
- Alteration, filed May 1, 2026, described as “Inspection using industrial rope access techniques and methods. See attached plans designated primary site supervisor: Diego Buri Cumbe”
- Alteration, filed Mar 27, 2026, estimated cost $70K, described as “Interior non-structural demo as shown on the plans.”
- Alteration, filed Dec 23, 2025, estimated cost $20K, described as “Window replacement work as shown.”
- Major Renovation — Conversion, filed Dec 23, 2025, estimated cost $20.4M, 273 units added, 21 stories, described as “MPP PROJECT-000000526. PLEASE ASSIGN TO MPP EXAMINER. Filing for the conversion of the building from office to residential per article 1 chapter 5.”
- Alteration, filed Jan 22, 2025, estimated cost $15K, described as “Installation of new glass partitions, doors and related finishes for the construction of new vestibule. No change in use, egress or occupancy.”
- Alteration, filed Aug 13, 2024, estimated cost $77K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings, and finishes on the 12TH floor (suite 1201) as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jul 29, 2024, estimated cost $2K, described as “Erect non-illuminated accessory storefront business wall sign @ hanover st elevationview, no change in use, egress or occupancy.”
- Alteration, filed Jul 23, 2024, estimated cost $124K, described as “WONDER-- Modifications to existing first floor framing to accommodate a new stair and ADA lift.”
- Alteration, filed May 22, 2024, estimated cost $255K, described as “Wonder- general construction inclusive of interior non-structural demo and installation of partitions. No change to use, egress, or occupancy.”
- Alteration, filed May 21, 2024, estimated cost $180K, described as “Wonder- modifications to existing and installation of new mechanical equipment/duct inclusive of commercial kitchen with ventless self-contained electric fryers.”
- Alteration, filed May 21, 2024, estimated cost $40K, described as “Wonder-- modifications to existing sprinkler system as per plans filed.”
- Alteration, filed May 21, 2024, estimated cost $200K, described as “Wonder-- plumbing modifications and installations in conjuction with build-out.”
- Alteration, filed Mar 22, 2024, estimated cost $30K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings, and finishes on the 6TH & 7TH floor (enclose existing convenience stair) as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Mar 29, 2023, estimated cost $25K, described as “Rated partition work related to change to educational occupancy, use group 3.”

## Property taxes

- Assessment: $33,248,250
- 2026–27 tax: $2,774,974
- Market value (city estimate): $73,885,000
- Taxable value: $25,719,243
- Assessed land: $5,040,000
- Assessed improvements: $28,208,250
- Condo units with their own tax lots: 5

## Zoning

C5-5: floor area ratio 19.82 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 2, 2025: $34,000,000, Apt 1, sold with other lots
- Jul 2, 2025: $17,000,000, Apt 2

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology