# 640 5th Avenue, Manhattan

Commercial · built 1940 · Block 1267, Lot 34.

On Umarelli: https://umarelli.org/nyc/1012670034/640-5-avenue

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

Every lot on block 1267: https://umarelli.org/nyc/manhattan/1267.md

## Building permits

- Alteration, filed Jul 2, 2026, estimated cost $375K, described as “General construction on the 16th floor (P&D/whitebox) as indicated on drawings.”
- Alteration, filed Jul 2, 2026, estimated cost $22K, described as “Sprinkler work/temporary sprinkler loop on the 16th floor as indicated on drawings.”
- Alteration, filed Jul 2, 2026, estimated cost $38K, described as “Mechanical work on the 16th floor as indicated on drawings.”
- Alteration, filed Jul 2, 2026, estimated cost $10K, described as “Plumbing work on the 16th floor as indicated on drawings”
- Alteration, filed Oct 16, 2025, estimated cost $359K, described as “Mechanical work on the 6th floor (prebuild) as indicated on drawings”
- Alteration, filed Oct 16, 2025, estimated cost $1.2M, described as “Construction work on the 6th floor (prebuild) as indicated on drawings.”
- Alteration, filed Oct 16, 2025, estimated cost $66K, described as “Sprinkler work on the 6th floor (prebuild) as indicated on drawings.”
- Alteration, filed Oct 16, 2025, estimated cost $49K, described as “Plumbing work on the 6th floor (prebuild) as indicated on drawings.”
- Alteration, filed Aug 25, 2025, estimated cost $155K, described as “Construction work on the 1st floor lobby as indicated on drawings.”
- Alteration, filed Jul 1, 2025, estimated cost $6K, described as “Mechanical work on part of the 5th floor (Fidelity office) as indicated on drawings.”
- Alteration, filed Jun 25, 2025, estimated cost $100K, described as “Construction work on part of the 5th floor (Fidelity office) as indicated on drawings.”
- Alteration, filed Jan 22, 2024, estimated cost $411K, described as “M. Klein - Construction work on the 12th and 14th floor as indicated on drawings.”
- Alteration, filed Nov 17, 2023, estimated cost $195K, described as “M. Klein - Mechanical work on the 15th floor as indicated on drawings.”
- Alteration, filed Nov 13, 2023, estimated cost $37K, described as “M Klein - Sprinkler work on the 15th floor as indicated on drawings”
- Alteration, filed Nov 13, 2023, estimated cost $35K, described as “M Klein - Plumbing work on the 15th floor as indicated on drawings.”
- Alteration, filed Oct 27, 2023, estimated cost $539K, described as “M Klein - Construction work on the 15th floor as indicated on drawings. EN drawings for lighting are submitted under M00904381-I1”
- Alteration, filed Sep 15, 2022, estimated cost $178K, described as “Mechanical work on the 21st floor (Partners Capital) as indicated on drawings”
- Alteration, filed Sep 2, 2022, estimated cost $48K, described as “Sprinkler work on the 21st floor (Partners Capital) as indicated on drawings”
- Alteration, filed Sep 2, 2022, estimated cost $630K, described as “Architectural work on the 21st floor (Partners Capital) as indicated on drawings”
- Alteration, filed Sep 2, 2022, estimated cost $30K, described as “Plumbing work on the 21st floor (Partners Capital) as indicated on drawings”
- Alteration, filed Nov 29, 2021, estimated cost $53K, described as “Sprinkler work on the 8th floor (Turnkey-Prospect Park/VNO office) as indicated on drawings”
- Alteration, filed Nov 29, 2021, estimated cost $50K, described as “Plumbing work on the 8th floor (Turnkey-Prospect Ridge/VNO office) as indicated on drawings”
- Alteration, filed Nov 29, 2021, estimated cost $290K, described as “Mechanical work on the 8th floor (Turnkey-Prospect Ridge/VNO office) as indicated on drawings”
- Alteration, filed Nov 24, 2021, estimated cost $738K, described as “General construction on the 8th floor (turnkey-Prospect RIdge/VNO office) as indicated on drawings”
- Alteration, filed Aug 26, 2021, estimated cost $300K, described as “Construction work on the 6th floor (whitebox) as indicated on drawings”

29 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012670034/640-5-avenue.

## Property taxes

- Assessment: $178,963,200
- 2026–27 tax: $17,320,524
- Market value (city estimate): $397,696,000
- Taxable value: $171,002,430
- Assessed land: $20,913,750
- Assessed improvements: $158,049,450

## Tax breaks

- ICAP abatement, through Jun 30, 2029, a $1,229,820 credit this tax year.

## Zoning

C5-3: floor area ratio 16.65 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## 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