126 University Place, Manhattan
Condominium · 5 units · built 1950 · Block 571, Lot 7504.
Building permits
- Alteration, filed Dec 5, 2025, estimated cost $16K, described as “Interior renovation existing commercial space with plumbing work on 1ST floor.”
- Alteration, filed Dec 5, 2025, estimated cost $59K, described as “Interior renovation existing commercial space with partiton work on 1ST floor.”
- Alteration, filed Feb 24, 2025, estimated cost $18K, described as “Replacement of 5 ton split system. No change to egress, use, or occupancy.”
- Alteration, filed Jul 5, 2023, estimated cost $75K, described as “Job filed interior renovation of commercial store including new counter and display case, new floor tile and new painting as per plan. No change of use, egress, or occupancy under this application.”
- Alteration, filed Sep 21, 2021, estimated cost $3K, described as “Installation of temporary sidewalk shed as per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Sep 23, 2020, estimated cost $53K, described as “Replacement of 6 air handlers and 3 condenser units on the 5TH floor, 6TH floor, and roof with a total capacity of 15 tons. No change to egress, use, or occupancy.”
- Alteration, filed Sep 24, 2019, estimated cost $3K, described as “Illuminated business accessory wall sign. No change to use, egress or occupancy”
- Alteration, filed Feb 13, 2019, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 12, 2019, described as “Installation of heavy-duty sidewalk shed as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $7,688,702
- 2026–27 tax
- $304,494
- Market value (city estimate)
- $17,085,999
- Taxable value
- $2,447,900
- Assessed land
- $317,251
- Assessed improvements
- $7,371,451
- Condo units with their own tax lots
- 6
Zoning
C1-7: floor area ratio 5.40 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 7, 2025: $2,850,000, Apt 4
- Jan 16, 2024: $2,635,000, Apt 5
- Apr 18, 2018: $3,315,000, Apt 2
- Jan 13, 2016: $3,350,000, Apt 4
Open-market sales since 2016, from the Department of Finance’s sales files.
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…