# 576 5th Avenue, Manhattan

Vacant land · Block 1262, Lot 41.

On Umarelli: https://umarelli.org/nyc/1012620041/576-5-avenue

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

Every lot on block 1262: https://umarelli.org/nyc/manhattan/1262.md

## 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

## 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.

## 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