# 55 5th Avenue, Manhattan

Condominium · built c. 1912 · Block 570, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1005707501/55-5-avenue

More construction in Greenwich Village: https://umarelli.org/nyc/manhattan/greenwich-village.md

Every lot on block 570: https://umarelli.org/nyc/manhattan/570.md

## Building permits

- Alteration, filed Jun 23, 2025, estimated cost $49K, described as “Exterior facade repairs. Metal cornice repair. Stone patching”
- Alteration, filed Feb 28, 2025, estimated cost $25K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed May 15, 2024, estimated cost $210K, described as “Minor demo/renovation on the existing elevator bulkhead 19th floor/roof and elevator machine rooms in the cellar, as shown on plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jun 20, 2023, estimated cost $80K, described as “Suite 1601 interior renovations as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Feb 13, 2023, estimated cost $92K, described as “Herewith re-filing sprinkler applications for 5TH, 10TH & 11TH fls to supersede the work done under application nos. #104817030, #102510800 and #101525538 to reflect existing conditions for close out. No change to use, egress or occupancy.”
- Alteration, filed Dec 7, 2022, estimated cost $87K, described as “Carrier: Verizon. New antenna instalaltion. Install (4) exterior cabinets on a new steel platform on the roof. Related (12) new antennas, (16) new RRH units and (4) GPS units on new antenna frames with kickbacks on the roof. All work is in…”
- Alteration, filed Apr 14, 2022, estimated cost $10K, described as “Modification of ductwork due to UNIT 1805 space's new layout. No chance to use, occupancy, or egress”
- Alteration, filed Apr 14, 2022, estimated cost $8K, described as “Plumbing & Sprinkler work as shown on plans filed herewith. No change in use, egress, or occupancy. (UNIT 1805)”
- Alteration, filed Apr 14, 2022, estimated cost $150K, described as “Minor interior demo & renovation, including mechanical, plumbing, and sprinkler. At 18th floor, office space-unit 1805, all as per plan. There shall be no change in use, occupancy, or mean of egress under this applica”
- Alteration, filed Mar 18, 2022, estimated cost $210K, described as “Renovation on the existing roof-top terrace, as shown on plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Feb 16, 2022, estimated cost $2K, described as “Sprinkler work as shown on plans filed here with no change in use, egress, or occupancy.”
- Alteration, filed Feb 16, 2022, estimated cost $75K, described as “Mechanical work as shown on plans filed here with no change in use, egress, or occupancy.”
- Alteration, filed Feb 16, 2022, estimated cost $12K, described as “Plumbing work as shown on plans filed here with no change in use, egress, or occupancy.”
- Alteration, filed Feb 9, 2022, estimated cost $8K, described as “Standpipe work as shown on plans filed herewith no change in use, egress, or occupancy.”
- Alteration, filed Feb 8, 2022, estimated cost $25K, described as “Sprinkler Temp Loop as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Feb 8, 2022, estimated cost $151K, described as “Plumbing work as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Feb 8, 2022, estimated cost $108K, described as “Sprinkler work as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Feb 8, 2022, estimated cost $618K, described as “Mechanical work as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Feb 8, 2022, estimated cost $1.4M, described as “General Construction as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Jul 1, 2021, estimated cost $10K, described as “Modification of ductwork due to new space layout. No chance to use, occupancy, or egress”
- Alteration, filed Jul 1, 2021, estimated cost $18K, described as “Plumbing & modification to the existing sprinkler system, at 13TH floor unit office space-1304, all as per plan. There shall be no change in use, occupancy, or mean of egress under this application.”
- Alteration, filed Jul 1, 2021, estimated cost $45K, described as “I respectfully submit a PAA to remove and add a new TR-1 third-party inspector for the Final inspection”
- Alteration, filed May 25, 2021, estimated cost $29K, described as “Plumbing work at 14 & 15TH floor, office space, all as per plan. There shall be no change in use, occupancy, or mean of egress under this application. Related JOB#M00512867”
- Alteration, filed May 25, 2021, estimated cost $210K, described as “Minor interior demo & renovations, including mechanical, plumbing, and sprinkler. At 14 & 15TH floor, office space, all as per plan. There shall be no change in use, occupancy, or mean of egress under this application.”
- Alteration, filed May 25, 2021, estimated cost $10K, described as “Modification on the existing duct above the ceiling at 14 & 15TH floors, office space, all as per plan. There shall be no change in use, occupancy, or mean of egress under this application. Related JOB#M00512867”

8 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1005707501/55-5-avenue.

## Property taxes

- Assessment: $40,058,103
- 2026–27 tax: $1,909,477
- Market value (city estimate): $89,018,000
- Taxable value: $17,711,886
- Assessed land: $5,490,000
- Assessed improvements: $34,568,103
- Condo units with their own tax lots: 20

## Tax breaks

- Nonprofit exemption (charitable), with no end date, about $1,725,353 a year below the full tax.
- Nonprofit exemption (college or university), with no end date, about $537,455 a year below the full tax.

## Zoning

C6-4 (part of the lot is C6-1): floor area ratio 14.34 built, above the 10.00 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

- Union Square South (City Planning 2019M0123): Completed, decided Nov 4, 2020. This is an application by the Department of City Planning requesting a zoning map and zoning text amendment to expand the Special Union Square District, create a new subdistrict (Subdistrict B), and establish a special permit for new hotel…

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