# 554 5th Avenue, Manhattan

Commercial · built c. 1909 · Block 1261, Lot 38.

On Umarelli: https://umarelli.org/nyc/1012610038/554-5-avenue

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

Every lot on block 1261: https://umarelli.org/nyc/manhattan/1261.md

## Building permits

- Alteration, filed Jan 8, 2025, estimated cost $28K, described as “Application filed for minor interior renovation of existing office on third floor. Not change in use, floor area, egress or occupancy.”
- Alteration, filed Apr 7, 2020, estimated cost $5K, described as “Install two sinks on fourth floor in conjunction with application #123682381. No change in use, egress or occupancy.”
- Alteration, filed Jan 21, 2019, estimated cost $1K, described as “Install new non-illuminated, non flashing double faced (2) accessory business signs with wording i (logo)ny gifts”
- Alteration, filed May 21, 2018, estimated cost $2K, described as “Install a non-illuminated accessory business sign on existing metal sign bracket. No direct excavation to be done to wall.Wording : I(LOGO)NY”
- Alteration, filed Apr 5, 2018, estimated cost $8K, described as “Installation of heavy duty sidewalk shed during building alteration, filed separately. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Apr 4, 2018, estimated cost $6K, described as “Installation of plywood fence, as per drawings. Plywood fence shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Mar 21, 2018, estimated cost $5K, described as “Sidewalk fence for new storefront filed under application 123167731”
- Alteration, filed Jan 19, 2018, estimated cost $1K, described as “Installation of temporary 54' high pipe scaffold(off shed) for facade repair work as per plan. No change in use egress or occupancy,pipe scaffold shall comply with CHAPTER#33 of 2014 the ny building code.”
- Alteration, filed Nov 14, 2017, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.sidewalk shed shall comply with chapter #33 of the NYC building code.live load 300PSF.”

## Property taxes

- Assessment: $2,273,850
- 2026–27 tax: $227,556
- Market value (city estimate): $5,053,000
- Taxable value: $2,097,680
- Assessed land: $900,000
- Assessed improvements: $1,373,850

## Zoning

C5-3: floor area ratio 5.84 built, 15.00 allowed by base zoning.

## 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