# 650 5th Avenue, Manhattan

Commercial · built 1977 · Block 1267, Lot 41.

On Umarelli: https://umarelli.org/nyc/1012670041/650-5-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 Sep 14, 2026, estimated cost $80K, described as “Modification to the sprinkler system on the Subcellar , Cellar and 1st floors(Lobby Entrance) as per plans No change to use, egress or occupancy.”
- Alteration, filed Aug 27, 2026, estimated cost $2.3M, described as “Minor demolition with replacing of existing exterior wall, floor paving and exterior lighting on ground floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 23, 2026, estimated cost $210K, described as “Modification to the existing HVAC system on the 32nd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 20, 2026, estimated cost $990K, described as “Minor demolition. Installation of interior partitions, fixtures, suspended ceilings & floor finishes on the 32nd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 20, 2026, estimated cost $102K, described as “Removal and disposal of interior partitions, fixtures, suspended ceilings & floor finishes on the 31st floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 17, 2026, estimated cost $45K, described as “Modification to the existing sprinkler system on the 32nd floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 17, 2026, estimated cost $20K, described as “Removal of existing units and associated piping and ductwork on the 31st floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 17, 2026, estimated cost $5K, described as “Removal of existing plumbing fixtures on the 31st floor as per plans. No change to use, egress or occupancy”
- Alteration, filed Jul 17, 2026, estimated cost $8K, described as “Removal of existing sprinkler fixtures on the 31st floor as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jul 17, 2026, estimated cost $60K, described as “Modification to the existing plumbing system on the 32nd floor as per plans. No change to use, egress or occupancy”
- Alteration, filed Feb 10, 2026, estimated cost $6K, described as “Installation of a temporary work platforms as per plans. No change in use, egress or occupancy under this application. Work platforms to comply with 2022 NYC building code, chapter 33”
- Alteration, filed Jan 12, 2026, estimated cost $49K, described as “Modifications to the existing sprinkler system on the 29th floor (Sapient Capital) as per plans. No change to use, egress or occupancy”
- Alteration, filed Jan 12, 2026, estimated cost $1.3M, described as “Minor demolition with installation of new partitions, doors, suspended ceilings and finishes on the 29th floor (Sapient Capital) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jan 12, 2026, estimated cost $162K, described as “Modifications to the existing HVAC system on the 29th floor (Sapient Capital) as per plans. No change to use, egress or occupancy”
- Alteration, filed Jan 12, 2026, estimated cost $65K, described as “Modifications to the existing plumbing system on the 29th floor (Sapient Capital) as per plans. No change to use, egress or occupancy”
- Alteration, filed Dec 16, 2025, estimated cost $270K, described as “Modifications to the existing HVAC system on the 19th floor (Buildout) as per plans. No change to use, egress or occupancy”
- Alteration, filed Dec 16, 2025, estimated cost $43K, described as “Modifications to the existing sprinkler system on the 19th floor (Buildout) as per plans. No change to use, egress or occupancy”
- Alteration, filed Dec 16, 2025, estimated cost $896K, described as “Minor demolition with installation of new partitions, doors, suspended ceilings and finishes on the 19th floor (Buildout) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Dec 16, 2025, estimated cost $86K, described as “Modifications to the existing plumbing system on the 19th floor (Buildout) as per plans. No change to use, egress or occupancy”
- Alteration, filed Nov 26, 2025, estimated cost $10K, described as “Installation of temporary enclosure system as per plans during general construction work. No change in use, egress or occupancy. Temporary enclosure to comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Aug 13, 2025, estimated cost $18K, described as “Modifications to the existing sprinkler system on the 2nd thru 5th floors (NIKE HOI) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Aug 13, 2025, estimated cost $50K, described as “Modifications to the existing HVAC system on the Cellar, 1st - 5th floors (Nike - HOI) as per plans. No change to use, egress or occupancy”
- Alteration, filed Jun 11, 2025, estimated cost $750K, described as “Minor demolition with installation of new partitions, doors, suspended ceilings and finishes on the Cellar, 1st - 5th floor (Nike HOI) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Dec 19, 2024, estimated cost $45K, described as “Modifications to the existing HVAC system on the 20th floor (Tredway) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Dec 19, 2024, estimated cost $2K, described as “Modifications to the existing sprinkler system on the 20th floor (Tredway) as per plans. No change to use, egress or occupancy”

61 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012670041/650-5-avenue.

## Property taxes

- Assessment: $113,980,000
- 2026–27 tax: $11,870,926
- Market value (city estimate): $253,288,900
- Taxable value: $109,429,630
- Assessed land: $17,235,000
- Assessed improvements: $96,745,000

## Zoning

C5-3: floor area ratio 24.66 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 18, 2026: $435,000,000, 336,010 sq ft ($1,295 per sq ft)

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

## Flood zone

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

## Board and land use applications

- COVERED PEDESTRIAN SPACE (City Planning P1994M0265): Completed, decided Mar 25, 1994. 1ST MOD TO CHANGE THE ARRANGEMENT AND CONFIGURATION OF A\*PREVIOUSLY APPROVED CPS CONSTRUCTED IN CONJUNCTION WITH A\*36 STORY OFFICE BLDG
- 650 5TH AVE (City Planning P1984M0489): Completed, decided Nov 9, 1984. SPECIAL PERMIT TO PERMIT REDESIGN OF COVERED PEDESTRIAN\*SPACE & LOADING BERTH & SUBSTITUTE GLASS ENCLOSED ELEVATOR\*(POPS)

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