576 5th Avenue, Manhattan
Vacant land · Block 1262, Lot 41.
Building permits
- Alteration, filed Feb 20, 2024, estimated cost $15K, described as “Installation of work platform as per plans.”
- Alteration, filed Feb 9, 2024, estimated cost $25K, described as “Infill of existing sidewalk vault with flowable fill to provide support for sidewalk as per plans filed. This work is related to full demolition filed under M00869454-I1.”
- Alteration, filed Aug 31, 2023, estimated cost $10K, described as “Installation of 6000 lb single personnel/material hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jul 31, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the 2022 code no change in use, egress or occupancy under this application.”
- Alteration, filed Jul 18, 2023, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Jun 12, 2023, estimated cost $35K, described as “Full demolition to an eleven story building”
- Alteration, filed May 15, 2023, estimated cost $10K, described as “Remove the entire sprinkler system prior to Full Demo after all combustible material has been removed and modify existing standpipe system, cut n cap floor by floor as the structure gets lowered”
- Alteration, filed May 12, 2023, estimated cost $25K, described as “Interior demolition to an eleven story building”
- Alteration, filed Jul 3, 2021, 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 300 psf.”
- Alteration, filed Apr 29, 2020, estimated cost $25K, described as “Install new steel railing at the edge of the exist. exterior steel stair adjacent to 2 W 47th street. Currently 2 W 47th street is the railing enclosure however 2 W47th street is scheduled for demolition and the railing is req'd to enclose…”
- Alteration, filed Mar 18, 2020, estimated cost $10K, described as “Installation of wall ties as per plans filed herewith.”
Property taxes
- Assessment
- $5,096,250
- 2026–27 tax
- $462,043
- Market value (city estimate)
- $11,325,000
- Taxable value
- $4,259,250
- Assessed land
- $5,096,250
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 20, 2025: $175,000,000
- Jul 12, 2021: $101,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.