5 University Place, Manhattan
Dormitory · built 1962 · Block 548, Lot 4.
Building permits
- Alteration, filed May 6, 2026, estimated cost $1.0M, described as “Filing herewith general construction to include interior renovation and demo as per plans.”
- Alteration, filed Jan 7, 2025, estimated cost $6K, described as “Plumbing work filed for the installation of new water heater as per plans. No change in use egress or occupancy.”
- Alteration, filed Aug 12, 2022, described as “Storage on sidewalk shed drawings in conjunction with job # M00728258. No change in use, egress, occupancy.”
- Alteration, filed Aug 11, 2022, estimated cost $100K, described as “Sidewalk shed for protection of the public in conjunction with job # M00728258. No change in use, egress, or occupancy.”
- Alteration, filed Jun 6, 2022, estimated cost $50K, described as “Installation and modification of plumbing fixtures and related piping as per plans.”
- Alteration, filed Jun 6, 2022, estimated cost $230K, described as “Mechanical work as per plans on 1st floor and roof of the 1st floor.”
- Alteration, filed Jun 6, 2022, estimated cost $635K, described as “Filing herewith application for facade repairs as per plan submitted. No change in use, egress or occupancy.”
- Alteration, filed Jun 2, 2022, estimated cost $35K, described as “Installation of new sprinkler heads, relocation and cap/remove existing heads on 1st floor as per plans.”
- Alteration, filed May 11, 2022, estimated cost $600K, described as “This application is being filed for Interior Demo on the Cellar and First Floor and Construction of partitions and finish work on the Cellar and First Floor as per plans at the subject premises. There is no change in use, egress or…”
- Alteration, filed May 26, 2021, estimated cost $49K, described as “This application is being filed to replace flooring to tile floors and relocate low partitions on 1st floor at the subject premises. There is no change in use, egress or occupancy.”
- Alteration, filed Oct 23, 2018, estimated cost $12K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $11,522,700
- Market value (city estimate)
- $25,606,000
- Taxable value
- $0
- Assessed land
- $4,999,500
- Assessed improvements
- $6,523,200
Tax breaks
- Nonprofit exemption (college or university), with no end date, about $1,249,982 a year below the full tax.
Zoning
R7-2: floor area ratio 5.23 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- NYU CORE, MERCER ST., BLEECKER ST. (City Planning P2012M0059): Completed, decided Jul 31, 2012. 11DCP121M: NYU IS SEEKING A NUMBER OF DISCRETIONARY ACTONS IN CONNECTIO N W/ THE PROPOSED EXPANSION OF NYU FACILITIES AS ITS ACADEMI C CORE NEAR WASHINGTON SQUARE