# 306 5th Avenue, Manhattan

Condominium · built c. 1925 · Block 833, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1008337501/306-5-avenue

More construction in Garment District: https://umarelli.org/nyc/manhattan/garment-district.md

Every lot on block 833: https://umarelli.org/nyc/manhattan/833.md

## Building permits

- Alteration, filed Nov 5, 2025, estimated cost $101K, described as “Interior renovation work includes removal of non-load bearing walls, fixtures and installation of new display fixtures and replacement of storefront. There is no Change in USE, Means of Egress, or Occupancy under this application.”
- Alteration, filed Jan 28, 2020, estimated cost $6K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of 2014 NYC building code.”

## Property taxes

- Assessment: $2,841,299
- 2026–27 tax: $271,074
- Market value (city estimate): $6,314,002
- Taxable value: $2,498,838
- Assessed land: $592,199
- Assessed improvements: $2,249,100
- Condo units with their own tax lots: 8

## Tax breaks

- Nonprofit exemption (house of worship), with no end date, about $27,923 a year below the full tax.

## Zoning

C5-2: floor area ratio 5.90 built, 10.00 allowed by base zoning.

## Recent sales

- Feb 15, 2024: $1,250,000, Apt 6
- Jan 17, 2024: $600,000, Apt 8
- Aug 8, 2023: $1,150,000, Apt 5
- Jan 12, 2023: $1,372,500, Apt 4
- Feb 28, 2018: $5,750,000, Apt 1

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