# 122 5th Avenue, Manhattan

Commercial · built c. 1900 · Block 819, Lot 39.

On Umarelli: https://umarelli.org/nyc/1008190039/122-5-avenue

More construction in Flatiron: https://umarelli.org/nyc/manhattan/flatiron.md

## Building permits

- Alteration, filed Aug 25, 2026, estimated cost $2.9M, described as “Interior tenant build-out on 6th floor including installation of non-load bearing partitions, doors/frames, and related finishes. No change in use, egress or occupancy under this application. Filed in conjunction with ALT. 1 # 121208870.”
- Alteration, filed Aug 21, 2026, estimated cost $1.9M, described as “Interior office renovation on 2nd floor as indicated on plans filed herewith. No change of use, egress or occupancy.”
- No Work, filed Apr 7, 2026
- Alteration, filed Jan 14, 2026, estimated cost $1K, described as “Erect non-illuminated accessory business wall sign for pandora”
- Alteration, filed Oct 23, 2025, estimated cost $900, described as “Non-illuminated non-advertising accessory wall sign - in property lines - myo. No change of use, egress or occupancy.”
- Alteration, filed Sep 25, 2025, estimated cost $16.0M, described as “Interior partial demo and reconstruction of existing floor slabs on the 3rd - 5th floors. Demo of existing partitions and doors. Proposed stair and enclosure to be filed under separate application. No change in use, egress or occupancy.”
- Alteration, filed Aug 28, 2025, estimated cost $43K, described as “Structural modifications. Slab openings to faciliate installation of an access stair and lula filed separately. No change in use, egress or occupancy.”
- Alteration, filed Aug 20, 2025, estimated cost $3K, described as “Heavy duty sidewalk shed during bldg alteration, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jul 30, 2025, estimated cost $120K, described as “Interior partial demo and reconstruction of existing floor slabs on the 3rd - 5th floors. Demo of existing partitions and doors. Proposed stair and enclosure to be filed under separate application. No change in use, egress or occupancy.”
- Alteration, filed Jul 24, 2025, estimated cost $2K, described as “Erect illuminated business wall sign wording "reformation" as shown on drawing filed herewith.”
- No Work, filed Jul 8, 2025, described as “Grand Opening party for new Myodetox business. Event to last 4 hours on July 16th. Fireguards to be provided.”
- Alteration, filed May 1, 2025, estimated cost $500K, described as “Installation of new interior renovations on the 1ST floor teant - reformation retail space. No change in ocupancy, use or egress.”
- Alteration, filed Apr 17, 2025, estimated cost $30K, described as “Minor interior demolition of non-bearing partitions work on first floor retail space for tenant- reformation as per plans filed herewith. No changes to egress, use or occupancy.”
- Alteration, filed Feb 25, 2025, estimated cost $180K, described as “Interior alterations of ground floor tenant space to include new partitions, doors and finishes. No change to use, occupancy or egress”
- No Work, filed Dec 4, 2024, described as “A3 holiday party featuring food and drink, music, dancing, and lounge seating.”
- Alteration, filed Sep 4, 2024, estimated cost $1K, described as “"No work" mechanical application filed to reflect kitchen equipment schedules not provided under mechanical job # M00909624-S1. All mechanical equipment, including ovens, were filed, installed, and inspected under mechanical application…”
- No Work, filed Aug 29, 2024, described as “Temporary event "Khaite SS25"”
- Alteration, filed Aug 28, 2024, estimated cost $5K, described as “Temporary Installation to be used on a temporary event "Khaite SS25". All the Installations are to be removed upon completion of the event.”
- Alteration, filed Jul 8, 2024, estimated cost $500K, described as “Tenant interior and exterior alterations at cellar and first floor. No change to use, egress or occupancy.”
- Alteration, filed Jan 18, 2024, estimated cost $1K, described as “Indirectly illuminated non-advertising accessory wall sign - pandora. No change of use, egress or occupancy.”
- Alteration, filed Jan 11, 2024, estimated cost $1K, described as “Erect non-illuminated accessory business sign on wall for levian.”
- Alteration, filed Sep 29, 2023, estimated cost $850K, described as “General construction work as shown on plans (Levain).”
- Alteration, filed May 25, 2023, estimated cost $300, described as “Illuminated non-advertising accessory identification sign on existing marquee - 122 fifth. No change of use, egress or occupancy.”
- Alteration, filed May 25, 2023, estimated cost $300, described as “Illuminated non-advertising accessory identification sign on existing marquee - 122 fifth. No change of use, egress or occupancy.”
- Alteration, filed Apr 4, 2023, estimated cost $600, described as “Erect non-illuminated accessory wall sign on existing entrance mullion, non-flashing, non-advertising sign, no change in use, egress, or occupancy”

60 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1008190039/122-5-avenue.

## Property taxes

- Assessment: $68,000,000
- 2026–27 tax: $3,735,950
- Market value (city estimate): $151,111,100
- Taxable value: $68,000,000
- Assessed land: $5,040,450
- Assessed improvements: $62,959,550

## Tax breaks

- ICAP abatement, through Jun 30, 2034, a $3,640,690 credit this tax year.

## Zoning

C6-4A (part of the lot is C6-4M): floor area ratio 11.28 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.

## Landmarks

Part of Ladies' Mile Historic District (Historic District). 50 Landmarks Preservation Commission permits are on file.

## In the news

[122 Fifth Avenue Achieves LEED Gold Certification In Union Square, Manhattan](https://newyorkyimby.com/2024/06/122-fifth-avenue-achieves-leed-gold-certification-in-union-square-manhattan.html), New York YIMBY, Jun 11, 2024.

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