# 592 7th Avenue, Manhattan

Commercial · built 2000 · Block 1013, Lot 29.

On Umarelli: https://umarelli.org/nyc/1010130029/592-7-avenue

More construction in Midtown West: https://umarelli.org/nyc/manhattan/midtown-west.md

## Building permits

- Alteration, filed Jul 6, 2026, estimated cost $800K, described as “MPP #326. General construction as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed May 23, 2026, estimated cost $800K, described as “MPP #326. General construction as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Apr 15, 2026, described as “Installation of temporary suspended scaffolds - float deck - per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Major Renovation — Conversion, filed Jan 14, 2026, estimated cost $34.1M, 1,224 units added, 38 stories, described as “MPP PROJECT #326. Alteration and conversion of an existing office building to residential on floors 30-37.”
- Alteration, filed Jan 9, 2026, estimated cost $3.5M, described as “General Construction for Facade Modifications as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Dec 17, 2025, estimated cost $1.5M, described as “Removal and replacement of existing awning and storefront. No change in use, egress, or occupancy.”
- Alteration, filed Oct 20, 2025, described as “Installation of temporary suspended scaffolds on monorail, per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 9, 2025, described as “Installation of temporary suspended scaffolds, per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Sep 11, 2025, estimated cost $1K, described as “Installation of temporary betamax material hoist per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 7, 2025, estimated cost $20K, described as “Equipment use cars 1&2: dual 7000 # capacity personnel hoists during bldg alteration, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this appl. Elevator application submitted separately”
- Alteration, filed Aug 7, 2025, estimated cost $20K, described as “Equipment use cars 3&4: dual 7000 # capacity personnel hoists during bldg alteration, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this appl. Elevator application submitted separately”
- Alteration, filed Aug 7, 2025, estimated cost $10K, described as “Runback structure for cars 1,2,3 & 4: hoist run-back structure during bldg alt, filed sep run-back structure shall comply with CH#33 of the NYC bldg code. No change in use, occupancy or egress under this app. Hoist & elevator filed sep”
- Alteration, filed Aug 6, 2025, estimated cost $50K, described as “Application filed herewith for a temporary construction office & temporary shanties.no change in occupancy use or egress under this application.”
- Alteration, filed Jun 4, 2025, estimated cost $3K, described as “Heavy duty sidewalk shed during alteration co job, filed sep under app # M01334510. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed May 30, 2025, estimated cost $2K, described as “Temporary construction fence as per drawings. Fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Dot permits by others for fence installed on sidewalk/roadway.”
- Alteration, filed May 30, 2025, estimated cost $2K, described as “Temporary roof protection at adjoining properties during bldg alteration, filed sep. Roof protection shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Apr 15, 2025, estimated cost $847K, described as “General Construction as shown on plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Apr 15, 2025, estimated cost $1.6M, described as “General Construction for Facade Modifications as shown on plans filed herewith. No change in use, egress or occupancy.”
- No Work, filed Jan 31, 2025, described as “Wine and glassware seminar”
- Major Renovation — Conversion, filed Dec 20, 2024, estimated cost $126.4M, 957 units added, 38 stories, described as “Alteration and conversion of existing commercial building to residential.”
- No Work, filed Mar 20, 2024, described as “The real estate industry's definitive state of the union event | hear how the public and private sectors are working to catalyze economic growth and innovation in NYC.”
- Alteration, filed Mar 6, 2024, estimated cost $191K, described as “Install illuminated flashing advertising led sign (sign 3 - 110.03). Structure filed under separate permit (M00995213)”
- Alteration, filed Mar 6, 2024, estimated cost $242K, described as “Install illuminated flashing advertising led sign (sign 5 - 110.02A). Structure filed under separate permit (M00995216)”
- Alteration, filed Mar 6, 2024, estimated cost $234K, described as “Install illuminated flashing advertising led sign (sign 6 - 110.01B). Structure filed under separate permit (M00995220)”
- Alteration, filed Mar 6, 2024, estimated cost $133K, described as “Install illuminated flashing advertising led sign (sign 2 - 110.04). Structure filed under separate permit (M00995207)”

104 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1010130029/592-7-avenue.

## Property taxes

- Assessment: $175,558,950
- 2026–27 tax: $19,044,635
- Market value (city estimate): $390,131,000
- Taxable value: $175,558,950
- Assessed land: $5,756,400
- Assessed improvements: $169,802,550

## Zoning

C6-7: floor area ratio 40.51 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 9, 2025: $8,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[5 Times Square Begins 1,250-Unit Office-to-Residential Conversion in Midtown, Manhattan](https://newyorkyimby.com/2026/01/5-times-square-begins-1250-unit-office-to-residential-conversion-in-midtown-manhattan.html), New York YIMBY, Jan 4, 2026.

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